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Orient Technologies Limited IPO review

Explore Orient Technologies Ltd IPO analysis A complete review of valuation, opening date & GMP. Get insights to make informed investment decisions<br>

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Orient Technologies Limited IPO review

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  1. Orient Technologies Ltd IPO: Review, Valuation, Date & GMP The Orient Technologies IPO is a Mainboard IPO with a book-built issue size of Rs. 214.76 crore, consisting of 10,425,243 shares. Orient Technologies Ltdfounded in July 1997, is a rapidly growing IT solutions provider based in Mumbai, Maharashtra. The company specializes in IT infrastructure, IT- enabled services (ITeS), and cloud and data management services. They serve various industries, including BFSI, IT, and healthcare. Key Highlights - IPO Date: August 21-23, 2024 - IPO Size: Rs. 214.76 crore - Price Band: Rs. 195 to Rs. 206 per share - Lot Size: 72 shares - Listing Date: August 28, 2024 - Stock Exchanges: BSE and NSE

  2. Financial Overview Orient Technologies Ltd IPO. reported a revenue increase of 12% and a profit after tax (PAT) rise of 8% in FY2024 compared to FY2023. The company's total revenue for FY2024 is Rs. 606.86 crore, with a net worth of Rs. 175.31 crore. Industry Impact As of FY24, Indian IT services accounted for approximately 53% of all IT revenue in India, contributing 7.5% to the Indian GDP in FY2023. Orient Technologies caters to top public and private sector organizations, including Mazagon Dock Shipbuilders Ltd. and Tradebulls Securities Private Ltd. Company Certifications The company holds several certifications, including ISO/IEC 27001:2013 for Information Security Management and ISO 9001:2015 for Quality Management Systems. Objectives of the IPO The company plans to use the net proceeds to purchase o?ce space in Navi Mumbai, establish a Security Operation Center (SOC), and provide a Device-as-a-Service (DaaS) o?ering. Evaluation The IPO price seems fairly priced, with a P/E ratio of 17.45x, compared to the industry average of 29.87x, indicating potential undervaluation. Conclusion Orient Technologies Ltd.'s GMP o?ers an opportunity to invest in a growing IT solutions provider with a diversified service portfolio and strong financial performance. The company is set to make significant capital investments, which may drive future growth.

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