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Orient Technologies IPO
Price Band
₹195.0–206.0
Issue Size
₹214.76 Cr
Lot Size
72 shares
Min Investment
₹14,832
GMP
+₹95.0 (46.12%)
Issue Price
₹206.0
Subject to Sauda
₹5200
Paid only if allotted
Orient Technologies IPO AI Summary
- Orient Technologies IPO is listed on BSE, NSE in the IT Enabled Services sector.
- Price band: ₹195.0–₹206.0 per share, lot size 72 shares (min. investment ₹14,832).
- Subscription window: 21 Aug–23 Aug 2024, listing on 28 Aug 2024.
- Current GMP is +₹95.0 (46.12%), an estimated listing price of ₹301 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Orient Technologies IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 Aug 2024 — not a current signal.
11 of 15 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Orient Technologies IPO Grey Market Premium (GMP) Today
GMP
+₹95.0
GMP %
+46.12%
Est. Listing
₹301.0
Updated: 25 Jul 2026 14:04
About the Company
Incorporated in July 1997, Orient Technologies Limited is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra. The company has developed extensive knowledge to create products and solutions for specific areas within its business verticals. These areas are outlined below: IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing; IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals; and Cloud and Data Management Services: Services include migration of workload from data centres to cloud. The company's wide range of customized offerings and its ability to tailor solutions to meet customers' specific needs have enabled it to attract prominent clients across various industries. They serve leading public and private sector entities in diverse customer industries, such as banking, financial services, insurance (BFSI), IT, ITeS, and healthcare/pharmaceutical. Orient Technologies Limited, established in July 1997, is a fast-growing IT solutions provider based in Mumbai. It specializes in IT infrastructure, IT-enabled services (IteS), and cloud and data management services. The clientele of the company includes Bluechip Corporate Investment Centre Private Limited (Bluechip), Tradebulls Securities Private Limited (Tradebulls), Vasai Janata Sahakari Bank Limited (VJS Bank) and Vasai Vikas Sahakari Bank Limited (VKS Bank), Integreon Managed Solutions India Private Limited (Integreon),Coal India Limited (Coal India), Mazagon Dock Shipbuilders Limited (Mazagon Dock), Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai and D'Décor Exports Private Limited (D'Décor). The company has received the following certifications: ISO 27001:2013 for Information Security Management System, ISO 20000-1:2018 for Information Technology Services Management, ISO 9001:2015 for Quality Management System, and ISO/IEC 27001:2013 for Information Security Management System. Additionally, we have been awarded the ISO 22301:2012 certificate for our business continuity management systems and the CMMI Maturity Level 3 Certificate. The company's corporate office is in Mumbai, Maharashtra, and sales and services offices are located in various cities in India, such as Navi Mumbai and Pune in Maharashtra, Ahmedabad, Gujarat, New Delhi, Bengaluru, Karnataka, and Chennai, Tamil Nadu. The company has 1,482 permanent employees as of June 30, 2024.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 311.14 | 215.25 | 176.32 | 112.45 |
| Total Income | 606.86 | 542.01 | 469.12 | 248.96 |
| Profit After Tax | 41.45 | 38.30 | 33.49 | 0.13 |
| NET Worth | 175.31 | 128.82 | 94.11 | 61.29 |
| Reserves and Surplus | 138.79 | 111.32 | 76.61 | 44.79 |
| Total Borrowing | 4.82 | 12.86 | 2.28 | 9.22 |
Key Ratios
EPS
₹11.57
NAV
₹48.95
ROE
27.26%
ROCE
28.42%
RoNW
23.64%
P/B Value
4.21
P/E Ratio
17.8
Market Cap
₹857.82 Cr
PAT Margin
6.87%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Silicon Rental Solutions Ltd | 61.14 | 20.54% | 14.41 | 12.56 | — |
| Tech Mahindra Ltd. | 277.93 | 8.83% | 55.17 | 26.66 | 26.58 |
| Dev Information Technology Limited | 25.92 | 16.26% | 29.01 | 4.19 | 4.18 |
| Allied Digital Services Ltd. | 111.93 | 7.41% | 26.05 | 8.29 | 8.07 |
| LTIMindtree Limited | 676.19 | 22.89% | 34.56 | 154.85 | 154.48 |
| Wipro Ltd. | 143.77 | 14.79% | 23.39 | 20.89 | 20.82 |
| Hcl Technologies Ltd. | 251.58 | 23.01% | 26.93 | 57.99 | 57.86 |
| Dynacons Systems & Solutions Ltd. | 124.02 | 34.13% | 29.47 | 42.41 | 42.37 |
| Orient Technologies Limited This IPO | 48.95 | 23.64% | — | 11.8 | 11.8 |
Promoters
Ajay Baliram Sawant, Jayesh Manharlal Shah, Umesh Navnitlal Shah and Ujwal Arvind Mhatre
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Acquisition of office premise at Navi Mumbai 10.35 2 Funding our Capital Expenditure requirements 79.65 3 General corporate purposes 17.93
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹469.12 Cr in the year ending 31 Mar 2022, rising to ₹542.01 Cr by 31 Mar 2023, and further increasing to ₹606.86 Cr by 31 Mar 2024.
Profit Trend
Profit After Tax was ₹33.49 Cr in the year ending 31 Mar 2022, increasing to ₹38.30 Cr by 31 Mar 2023, and further rising to ₹41.45 Cr by 31 Mar 2024.
Valuation
Orient Technologies Limited has an implied P/E ratio of 17.8 at the issue price, compared to peers with P/E ratios ranging from 14.41 to 55.17.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the price at which shares of an IPO are traded in the unofficial market before they are listed on the stock exchange. A positive GMP indicates strong demand for the IPO, while a negative GMP suggests weak demand. Investors often look at GMP as an indicator of potential listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and industry position.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid IPOs like this, which can be more volatile and uncertain in the short term.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make by selling shares on the listing day, which may differ from the issue price. However, there are risks involved, as market conditions can change rapidly, and there is no guarantee of listing gains.
This evaluation is generated from Orient Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Orient Technologies IPO GMP today?
Orient Technologies IPO GMP today is +₹95.0 (46.12%), indicating an estimated listing price of ₹301. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Orient Technologies IPO?
The price band of Orient Technologies IPO is ₹195.0–₹206.0 per share.
When does Orient Technologies IPO open and close?
Orient Technologies IPO opens on 21 August 2024 and closes on 23 August 2024.
When does Orient Technologies IPO list on the stock exchange?
Orient Technologies IPO listed on 28 August 2024 at ₹301.0.
What is the lot size for Orient Technologies IPO?
The lot size for Orient Technologies IPO is 72 shares, requiring a minimum investment of ₹14,832.
What is the lot size for this IPO?
The lot size for Orient Technologies IPO is 72 shares.
What is the minimum investment required?
The minimum investment required is ₹14,832.
What is the price band for the IPO?
The price band for the IPO is ₹195 to ₹206.
When is the listing date for the IPO?
The listing date for the IPO is 28 August 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the demand for an IPO before it is officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Aug 2024
Close
23 Aug 2024
Allotment
26 Aug 2024
Listing
28 Aug 2024
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