According to the draft prospectus, the Orient Technologies issue has a face value of ₹10 and consists of a fresh issue worth ₹120 crore and an offer for sale of up to 46 lakh equity shares by the Promoter Selling Shareholders.
Information technology (IT) solutions provider Orient Technologies Ltd has filed preliminary papers with Sebi to raise funds through an Initial Public Offering (IPO). The initial share-sale is a combination of a fresh issue of Rs 120 crore and an Offer For Sale of up to 46 lakh equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday.
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