Remember that feeling when your local pizza joint finally opens its second store? You’re excited, proud, and maybe even a little curious about what new toppings they’ll offer. Well, get ready for a similar thrill, tech enthusiasts and potential investors, because Mumbai-based Orient Technologies is about to take a big leap – an IPO (Initial Public Offering)!
Think of Orient Technologies as the friendly neighborhood tech expert. They’re not some faraway giant, but a company you can almost see down the street, solving problems for real businesses with real needs. From building custom software to securing their digital walls, they’re the go-to guys for all things IT.
So, why the big move?
Just like your favorite pizza joint wants to open more stores and serve even more hungry customers, Orient Technologies has ambitious plans. They want to:
- Unleash their tech magic: Imagine them acquiring even cooler tools and building even more innovative solutions!
- Help more businesses thrive: From India to the world, their goal is to become the global IT guardian angel!
- Create more opportunities: More growth means more jobs, which is always a good thing!
What does this mean for you?
If you’re someone who believes in supporting homegrown talent and wants to be part of a potentially exciting investment journey, then Orient Technologies’ IPO might be worth a closer look. It’s not just about making money, but also about backing a company making a positive impact in the tech world.
Here’s the lowdown:
- IPO size: They’re aiming to raise ₹120 crore through new shares and an additional ₹4.6 crore by selling existing ones.
- Growth story: Their revenue and profits have been steadily climbing, showing they’re not just another flash in the pan.
- Big league dreams: They’re planning to list their shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), the big boys’ clubs of the Indian stock market.
Bhoi Smrutirekha Dharanidhar