Orient Technologies, a Mumbai-based IT solutions provider, launched its ₹214.76 crore IPO today, offering shares priced between ₹195-206 each.
The issue includes a fresh ₹120 crore share sale and a ₹94.76 crore offer-for-sale by promoters. The company raised ₹64.43 crore from anchor investors before the IPO. Funds will be used for acquiring office space, setting up network and security centers, and general expenses. Orient Technologies reported ₹41.45 crore in profit and ₹606.86 crore in revenue for FY24. The IPO closes on August 23, with shares set to list on August 28.