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Orient Technologies Ltd

Registered Office : Off # 502 Vth Flr Akruti Star,Central Road MIDC Andheri East,Mumbai Maharashtra 400093 Phone : +91 22 4292 8777
Fax :

Email : complianceofficer@orientindia.net

Website : www.orientindia.in

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-2024

23-Aug-2024

Money Payable On

Application

Allotment

206.00

0.00

Minimum Application for shares in Nos : 72.0 Further Multiples of : 72.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

107.93

214.76

41.64

206.00

Elara Capital (India) Pvt Ltd

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

Registrar to the Issue

MUFG Intime India Pvt Ltd