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ORIENT TECHNOLOGIES

Founded in 1997, Orient Technologies is an IT solutions provider with a broad range of technological offerings in partnership with major technology companies like Dell, Fortinet, and Nutanix. As of December 31, 2023, the company’s order book stood at INR 92.75 crore.

Over time, Orient Technologies has developed specialized expertise across its business verticals, which include:

  • IT Infrastructure: Offering solutions like Data Centre Solutions and End-User Computing.
  • IT Enabled Services (IteS): Providing services such as Managed Services, Multi-Vendor Support Services, IT Facility Management, Network Operations Centre Services, Security Services, and Renewals.
  • Cloud and Data Management Services: Focusing on migrating workloads from data centers to the cloud.

By the end of December 2023, Orient Technologies had established a diverse client base in both the public and private sectors, serving industries like Banking, Financial Services, Insurance (BFSI), Information Technology (IT), ITeS, and Healthcare/Pharmaceuticals. The company has built strong relationships with notable clients, including Coal India, Mazagon Dock, D’Décor, Jyothy Labs, ACG, Integreon, Bluechip, Tradebulls, Vasai Janta Bank, Vasai Vikas Bank, and the Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai.

Orient Technologies IPO Details

Signature Global IPO Details
Orient Technologies IPO Dates
21 – 23 August 2024
Orient Technologies Issue Price
INR 195 – 206 per share
Fresh issue
INR 120 crore
Offer For Sale
46,00,000 shares
Total IPO Size
INR 214.76 crore
Minimum bid (size)
72 shares (INR 14,832)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Orient Technologies Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

9M FY 2024

Revenue

247.34

467.44

535.10

266.31

Expenses

248.48

424.57

490.06

246.40

Net income

0.13

33.49

38.30

16.40

Margin (%)

0.05

7.16

7.16

6.16

Figures in INR Crore unless specified otherwise

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