Orient Technologies IPO 1st Day: What Investors Need to Know About Pricing, Allocation, and Valuation

Last updated on August 30th, 2024 at 12:14 am

Orient Technologies IPO Day 1

Orient Technologies IPO

Orient Technologies Ltd, a company that provides ” IT solutions ” , is starting its initial public offering (IPO) today, August 21, and it will be open until August 23. The company has already raised ₹64.43 crores from investors before the IPO. The price for each share is set between ₹195 and ₹206, and each share has a face value of ₹10.

Read more: https://news-affairs.com/web-stories/top-stock-to-watch-today-21-august-2024/

Orient Technologies IPO Day 1: Key Subscription Figures and Growth Insights

For the Orient Technologies IPO, the shares are divided as follows: 50% are reserved for large institutional investors (QIBs), 15% for non-institutional investors (NIIs), and 35% for individual retail investors.

The final decision on ” who gets shares from the Orient Technologies IPO will be made by Monday, August 26 “. Refunds for any unallocated shares will start on Tuesday, August 27, and the shares will be added to investors’ accounts on the same day. The company’s shares are expected to start trading on the BSE and NSE stock exchanges on Monday, January 29.

Founded in 1997, the company focuses on IT solutions. They are experts in ” IT Infrastructure, IT Enabled Services (IteS), Cloud services, and Data Management” . They have developed these skills over the years to offer a range of products and solutions.

For 2024, the price-to-earnings (PE) ratio of Orient Technologies, based on the higher end of their share price range, is 17.46 times. This is lower than the average PE ratio of 29.87 times for other companies in the same industry.

Here are the price-to-earnings (P/E) ratios for the company’s listed peers:

  • Dynacons Systems & Solutions Ltd: 29.47
  • HCL Technologies Ltd: 26.93
  • Wipro Ltd: 23.39
  • LTIMindtree Ltd: 34.56
  • Allied Digital Services Ltd: 26.05
  • Dev Information Technology Ltd: 29.01
  • Tech Mahindra Ltd: 55.17
  • Silicon Rental Solutions Ltd: 14.41

This shows that ” Orient Technologies‘ P/E ratio of 17.46 is lower than most of its peers, except for Silicon Rental Solutions Ltd” .

Disclaimer: This information is for educational purposes only and not investment advice. Always consult with a financial advisor before making any investment decisions.

Learn More About:

News Affairs 7
News Affairs 7

Leave a Reply

Your email address will not be published. Required fields are marked *