Orient technology: The initial public offering (IPO) of Orient technologies will open for subscription on 21 of August and will remain open for subscription until Friday that is August 23.
The company aim to raise 214 crore rupees . The issue is a combination of a fresh issue of 0.58 crore shares and its aggregating to rupees 120.00 crore and offer for sale of 0.46 crore sharing aggregating rupees 94.76 crore
If it talk about the prize bond for the offer it i has been quick at rs 195 5.2 06 per equity share within a face value of rupees 10 each. And the net of will be reserved or qualified institutional buyers at 50% of the total of a size and for non institutional investors it is 15% and retail invester at 35%
If it talk about a retail investor have the opportunity to submit bits for up to 13 lots, each containing 72 shares.
The upper end of the IPO price band it is rs 206
And the retail investors are required to make a minimum investment of 14832 rupees per lot
Main objective of issue
The company purpose to utilise the net proceed towards the acquisition of office premises in Navi Mumbai. Additionally the total points will be used to meet capital expenditure requirement that is include the purchase of equipment for setting up or network operating centre that is (NOC) and the security operation centre that is (SOC) in the Mumbai property.
About Orient Technology
Let’s discuss about Orient technology:
Orient technology is an information technology (IT)
- Orient technology is an information technology (IT)
- Is headquarter in Mumbai Maharashtra which is incorporated in 1997.
- The company offers for white ranging and diversified bucket of product and its service offering classified the business into 3 verticals that is defined below.
- Verticals are IT infrastructure , Ites , and cloud and data management services.
- If we gone to the products is product and services in IT infrastructures comprise and the data centre solution and and user computing.
- While the IT infrastructure segment is the business segment with the longest operational track record.
- In 2021- 22 and is largest revenue generating segment it has broad based IT offering signifies even with segment and continuously adding new product.
Expending and augmenting its product and service Portfolio
In recently the company has ventured into device as a service ( DaaS) under it provides the desktop laptop tablet printer scanner smartphones and several bundle with software along with many service on a pay you per use model on subscription basis.
Is market in India is at a very bored safe and its currently fragmented.
The company express to benefit format experience of a continuously developing new products and launches to develop the necessary scale and its segments.
Company also proposed to utilise rupees 695.71 million from the net process for its segments for the purchase of equipment such as st- wan and switch is not book either server storage devices printers for operating lease.
Geographic footprints 👣
Currently it business operation concentrated in India and the revenue are predominantly generated a widely in India in a large number of multinational company and corporation has a branch in Singapore, company has your think to significantly expand its international operation.
The India it service industry is expert oriented sector with expert accounting nearby 83 to 85% of the total revenue with North America and Europe being keep geography
According to nass com our Indian software product companies offers products that are very well accepted by the all global company and provide value for money.
So the Indian IT sector provide value proposition that is cloud ready software readymade solution and Hassle free implementation.
What should be the client portfolio
According to study of 31 December 2023 the company diverse customer fees spending and seeing both public and private sector and titles across various industry including bfsi the information technology means IT sector enable services the healthcare and the farm actual companies among its public sector clients are coal India and the joint commissioner of sales in Mumbai.
Financial performance
Talk about the company Nifty.infinancial among previous and future year so basically companies revenue from operations periodic growth with the compound annual growth rate of 47.09% between physical 20 21 to 2023. During the 6 month period and its September 32 023 the revenue from operations to rupees to 63 crore.
There is gaining and losing both in the profit after tax of the 6 month in 2023.
Some risky point:
Here we highlighted the company in according to DHRP report
Companies heavily Reliance phone with top 10 customers and the loss of any of these customer or a significant reduction in their purchases would have a very adverse impact on the business of the company.
It has the large work force and benefit employee and his expenses represent a significant portion of its operating cost.
It increase this expensive could reduce profitably additional if any of it system fail or go down then the part of employee may lead to operation instruction and its efficiencies or give them reputationally harm.
Allotment and listing details in 2024
The allotment for the IPO is expected to be finalize on Monday August 26 2024. The shear sir schedule to be listed on both the NSE and BSc with the tentative list in date of Wednesday August 28 to 024 ellara capital India private limited is the book running lead manager of the Orient technology while link in time private limited is the register for the issue.
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