Orient Technologies IPO - Investment Rationale, Issue Details, Peer Comparison, Risks And More: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Orient Technologies Ltd. will launch its initial public offering tomorrow and the offer closes for subscription on Aug. 23. The company has fixed the price band in the range of Rs 195–206 per share. The minimum lot size for bidding will be 72 shares, with further bids to be made in multiples.The Rs 241.76 crore IPO comprises of a fresh issue of shares worth Rs 120 crore and an offer-for-sale component of Rs 94.76 crore. .Objects of fresh Issue Acquisition of office premise at Navi Mumbai. Funding the Capital Expenditure requirements. General corporate purposes..Valuation & Outlook Orient Technologies is engaged in IT solutions and related services providing across the business verticals. The company's business operations involves technologically advanced solutions for which the company collaborates with a wide range of technology partners including Dell International Services India Private Ltd. and Fortinet, Inc. and Nutanix Netherlands B.V.At the upper price band company is valuing at P/E of 20.7 times with a market cap of Rs 8,580 million post issue of equity shares and return on net worth of 27.2%. On the valuation front, we believe that the company is fairly priced. Thus, we recommend a “Subscribe” rating to the IPO..Click on the attachment to read the full IPO report:.Orient Technologies IPO: Here's All You Need To Know.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Orient Technologies IPO - Investment Rationale, Issue Details, Peer Comparison, Risks And More: Anand Rathi

The Rs 241.76 crore IPO will open tomorrow for subscription and the company has fixed the price band in the range of Rs 195–206 per share.

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