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IPO Synopsis

Orient Technologies Ltd
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.
Issue
Opens On Closes On
21-Aug-24 23-Aug-24
Money Payable On
Application Allotment
206.00 0.00
Minimum Application for shares in Nos : 72 Further Multiples of : 72
Cr Lead Managers to the Issue
Project Cost (.Cr) 107.93 Elara Capital (India) Pvt Ltd
Project Financed through Current Offer (.Cr) 214.76  
Post Issue Equity Share Capital (.Cr) 41.64
Issue Price () 206.00
Projects
Funding its capital expenditure requirements
Acquisition of office premise at Navi Mumbai
General corporate purposes
Promoted By
Ajay Baliram Sawant
Umesh Navnitlal Shah
Ujwal Arvind Mhatre
Listing At
BSE
NSE
Registrar to the Issue
MUFG Intime India Pvt Ltd