Business Standard

Orient Technologies Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

214.76 cr

Price Range (₹)

206

Lot Size

72

Min Investment (₹)

14,832.00

Listing Exchange

MumbaiNSE

Open Date

21-Aug-2024

Close Date

23-Aug-2024

Listing Date

28-Aug-2024

Orient Technologies Ltd News

    The Shares of Orient Technologies Ltd have now been listed.

    Orient Technologies Ltd IPO Details

    Initial public offer of 10,425,242 equity shares of face value of Rs. 10 each (Equity Shares) of Orient Technologies Limited (Company) for cash at a price of Rs. 206 per equity share (including a share premium of Rs. 196 per equity share) (Offer Price) aggregating Rs. 214.76 crores (Offer) comprising a fresh issue of 5,825,242 equity shares aggregating Rs. 120.00 crores by the company (Fresh Issue) and an offer for sale of 4,600,000 equity shares aggregating Rs. 97.46 crores by the selling shareholders (Offer for Sale) comprising 1,150,000 equity shares aggregating Rs. 23.69 crores by Ajay Baliram Sawant, 1,150,000 equity shares aggregating Rs. 23.69 crores by Umesh Navnitlal Shah, 1,150,000 equity shares aggregating Rs. 23.69 crores by Ujwal Arvind Mhatre and 1,150,000 equity shares aggregating Rs. 23.69 crores by Jayesh Manharlal Shah (each, a promoter selling shareholder, and together the selling shareholders, and such equity shares, the offered shares). The offer constitutes 25.04 % of the post-offer paid-up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the offer price is 20.6 times the face value of the equity shares.

    Objective of issue

    Funding its capital expenditure requirements. Acquisition of office premise at Navi Mumbai. General corporate purposes.

    Orient Technologies Ltd Contact Details

    Orient Technologies Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - complianceofficer@orientindia.net

    Website - www.orientindia.in