Orient Tech: No deviation in IPO funds use for Q2 FY26
ORIENTTECH · price
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On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.2 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Orient Tech filed Reg 32 statement for Q2 FY26 (quarter ended Sep 30, 2025) confirming no deviation in IPO proceeds use. The Aug 2024 IPO raised Rs 214.76 crore total, with a fresh issue of Rs 120 crore (net Rs 107.93 crore) and an offer for sale of Rs 94.76 crore. So far Rs 43.83 crore utilized: Rs 10.35 cr fully for Navi Mumbai office, Rs 8.75 cr of Rs 79.65 cr for capex, Rs 17 cr of Rs 17.93 cr for general purposes, Rs 7.73 cr for issue expenses. CARE Ratings is the monitoring agency.
IPO fund deployment slow, only 36 percent utilized in 13 months. No deviation flagged but capex object barely started, mild deployment concern.