The Orient Technologies Limited IPO (Orient Technologies IPO) is a book-built issue of Rs 67.36 crores. It is a completely fresh issue of 68.04 lakh s
The Orient Technologies Limited IPO (Orient Technologies IPO) is a book-built issue of Rs 67.36 crores. It is a completely fresh issue of 68.04 lakh shares, priced at ₹94 to ₹99 per share. The IPO opened for subscription on August 26, 2024 and closed on August 29, 2024.
Key details of the IPO:
- Issue size: Rs 67.36 crores
- Price band: ₹94 to ₹99 per share
- Minimum order quantity: 1200 shares
- Listing: NSE SME
- Tentative listing date: Tuesday, September 3, 2024
Important dates:
- Subscription period: August 26-29, 2024
- Allotment: Friday, August 30, 2024
- Refunds: Monday, September 2, 2024
- Credit shares to Demat accounts: Monday, September 2, 2024
Highlights of the IPO:
- Established company: Orient Technologies Limited has been in operation since 1994, with a focus on manufacturing and trading phosphoric acid.
- Strong financials: The company has a strong track record of financial performance, with consistent revenue growth and profitability.
- Experienced management team: The management team has extensive experience in the chemical industry, providing strong leadership and guidance.
- Growth potential: The company is well-positioned to capitalize on the growing demand for phosphoric acid in India and global markets.
Risk factors:
- Competition: The chemical industry is highly competitive, and the company faces competition from both domestic and international players.
- Regulatory risks: The company is subject to various regulatory requirements, which could impact its operations and profitability.
- Market risks: Fluctuations in raw material prices, currency exchange rates, and economic conditions could affect the company's performance.
Should you invest in The Orient Technologies IPO?
The Orient Technologies IPO presents an opportunity for investors to invest in a well-established company with strong growth potential. However, it is important to carefully consider the risk factors before making an investment decision.