Orient Technologies IPO - An Emerging IT Infrastructure Provider: Geojit

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Geojit Research Report.Orient Technologies Ltd. launched its initial public offering today and the offer closes for subscription on Aug. 23. The company has fixed the price band in the range of Rs 195–206 per share. The minimum lot size for bidding will be 72 shares, with further bids to be made in multiples.The Rs 241.76 crore IPO comprises of a fresh issue of shares worth Rs 120 crore and an offer-for-sale component of Rs 94.8 crore..Purpose of IPO The objective of the offer is to utilize the net proceeds for acquisition of office premise at Navi Mumbai ( Rs 10.3 crore), Funding for capital expenditure requirements (Rs 80 crore) and other general corporate purpose..About the companyOrient Technologies, established in 1997, headquartered in Mumbai, is an information technology solutions provider with expertise in developing products and solutions for specialised disciplines across its business verticals. Orient Technologies provides customised offerings to its clients by collaborating with wide range of technology partners including DELL, Fortinet and Nutanix. The business verticals include IT infrastructure comprising data center solutions and end-user computing (contributes to ~52% of topline in FY24); ITenabled services (contributes to ~22% of topline in FY24 ), and cloud and data management services (contributes to ~26% of topline in FY24). Orient Technologies serves leading public and private sector entities across diverse end use industries such as BFSI, IT, IteS, healthcare/ pharmaceutical..Key Risks Orient Technologies operates in highly competitive industry.Orient Technologies is heavily reliant on its top 10 customers. (accounts for ~38% of FY24 topline). The trade receivables grew significantly at ~33%YoY in FY24, thereby receivables days rose to 83 in FY24 from 75 in FY22..Click on the attachment to read the full IPO report:.Orient Technologies IPO - Investment Rationale, Issue Details, Peer Comparison, Risks And More: Anand Rathi.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Orient Technologies IPO - An Emerging IT Infrastructure Provider: Geojit

The Rs 241.76 crore IPO opened today for subscription and the company has fixed the price band in the range of Rs 195–206 per share.

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Orient Technologies IPO - An Emerging IT Infrastructure Provider: Geojit

The Rs 241.76 crore IPO opened today for subscription and the company has fixed the price band in the range of Rs 195–206 per share.

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