Orient Technologies , a Mumbai based technology company has booked 151.71 times on last bidding day. If you have question is it good to buy Orient technologies IPO? here we go ,we did our research and come up with some Crisp and depth analysis which will help you on the company study.
Is it good to buy Orient Technologies IPO?
To come to any decision about buying a company we should always know about what company does, what are the fundamentals of it and also IPO details of the company. We did our research by going through company website and also their social media handles to get more information.
IPO Details
The IPO of Orient Technologies is open till August 21-23, with price band of Rs 195-206 per share, and a lot size of 72 shares. Retail investor should invest Minimum of ₹14,832.
What is Price band of Orient Technologies?
price band is of Rs 195-206.
What is the GMP of Orient Technologies?
As of now running 60-70 Rs.
Orient Technologies Fundamentals
We have studied company website and also their financial to come up with interesting data which can help you to make decision on IPO.
Company is pioneer is System Integration ( SI) and also Premium solution provider in IT space.
Previous year December ,company joined hands with Matrix Comsec a company from Telecom Sector .Now they are working together to build cutting edge technologies for Telecom Sector.
- Company is mainly into Provide solution to Information Technology sector.
- Main Services includes, Cloud services ,data management,Data Center solutions,Tech support.
- They have also won awards for their services.
- Partnership will provide good comfort for the business and they are partner with DELL, Nutanix, Fortinet.
What Orient Technologies do?
Orient technologies provides Services which includes Business analytics ,Shifting of existing applications to Cloud and Power BI integrations. So these are the emerging field in IT solution sector.
Under Fundamentals section as we informed about Data Center, Data management which is more booming sector in IT. As and when size of data increases it will become headache for companies to handle it. That is when Orient Technologies will come to picture to shift data to cloud and also maintain it in their data centres.
IPO Timeline for Orient Technologies:
Orient Technologies IPO opens on August 21, 2024, and closes on August 23, 2024.
IPO Open Date | Wednesday, August 21, 2024 |
IPO Close Date | Friday, August 23, 2024 |
Basis of Allotment | Monday, August 26, 2024 |
Initiation of Refunds | Tuesday, August 27, 2024 |
Credit of Shares to Demat | Tuesday, August 27, 2024 |
Listing Date | Wednesday, August 28, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on August 23, 202 |
Orient Technologies IPO Promoter Holding
Share holding patterns always shows the direction to any company.Whether promoter has confidence in their company or not, for what reasons they are retrieving money collecting from IPO.
Ajay Baliram Sawant, Jayesh Manharlal Shah, Umesh Navnitlal Shah and Ujwal Arvind Mhatre are the promoters of the company.
Share Holding Pre Issue-97.96%
Share Holding Post Issue -73.21%
From this money collected from IPO company tries to expand their business and also procure more data centre in future.
Conclusion
To get to solution for our first question Is it good to buy Orient Technologies IPO? we did some analysis on company. Shareholder who wants to have the company for longer duration or as as a investment, should try to collect information about company and their profit. But if you are one who is trying get the benefit of IPO listing you just need to track subscription and Grey Market Price which already more than 20% for this company.
If you need more such crisp analysis about other company , please leave us comment and also read our other article on ,Suzlon turn around story ,Ola electric related , zomato and also other companies in depth analysis.
Since we are not SEBI registered, our aim is to provide some insight on company detail,so that you it can help you to do your own research and take decision.
Frequently Asked Questions:
Who is the CEO of Orient Technologies?
Ajay Sawant , who is also promoter of the company is currently CEO.
What is the size of Orient Technologies IPO?
This IPO has got ₹120 crore Fresh issue and an OFS(offer-for-sale) of 46 lakh equity shares worth ₹94.76 crore by promoters.