Orient Technologies is launching its IPO on Wednesday, August 21, 2024. Discover all the key details coming up!
The price band for the Orient Technologies IPO is set between ₹195 to ₹206 per share, with bids starting at multiples of 72 shares.
Mark your calendars! The IPO subscription opens on August 21 and closes on August 23. Anchor investor allocation starts August 20.
50% of shares are for QIBs, 15% for NIIs, and 35% for retail investors. Shares list on BSE and NSE on August 29.
Orient Technologies has a P/E ratio of 17.46x, below industry peers like HCL (26.93x) and Tech Mahindra (55.17x).
The IPO aims to raise ₹214.76 crore for capital expenditure, office purchase, and general corporate purposes.
Orient Technologies saw an 8% PAT and 12% sales growth last fiscal year, showing strong potential for future expansion.