Oriental Rise Holdings Limited (ORIS) debuted on the Nasdaq CapiOriental Rise Holdings Limited (ORIS) debuted on the Nasdaq Capital Market today, October 17, 2024, offering 1.75 million shares, with the goal of raising $7 million. This vertically integrated tea producer from China specializes in both white and black tea products, managing about 7.2 square kilometers of tea gardens in Fujian Province. The company initially aimed for a larger offering but downsized by 33%, adjusting its share size and deal terms to better fit market conditions
The proceeds from the IPO will primarily fund expanding operations, including acquiring new equipment, establishing a production plant, and further investments into its tea garden contracts . The stock is listed under the ticker symbol “ORIS,” and the underwriter, US Tiger Securities, has an option to purchase additional shares if demand rises .
For investors, the key points to watch are how the company plans to scale its tea production and penetrate the broader market in China, especially given its focus on traditional tea culture and market consolidation. However, keep in mind the downsized offering, which could indicate a conservative approach in uncertain market conditions.
Oriental
$KAI may deliver 12,000% with a multiyear wedgeThis is a oriental, non-stop building project
The price is inside a multiyear gigantic wedge with another multimonth wedge inside (see the colorful Gann Fan)
The first target is the height of the first Gann Fan wedge, on 0.0065 delivering 165% from now
If you want to diminish risks, you may wait for the transformation of the ceiling of the wedge into a support (upper continuous blue line)
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(NSE:OCCL )Oriental Carbon on move up Market Share: #
OCCL is the sole manufacturer of Insoluble Sulphur (IS) in the domestic market.
Majority of demand for insoluble sulphur is derived from the automotive tyres industry.
It enjoy a domestic market share of nearly 55%-60% and around 10% market share in the global market.
OCCL has established itself as a preferred first/second supplier to all major tyre manufacturers in global markets
Capacity as of FY20: #
IS plant spread across 2 units (Dharuhera & SEZ Mundra) of 34,000 metric tonnes per annum.
Upcoming Capex #
Capacity expansion underway to expand the Insoluble Sulphur capacity by 11,000 MTPA & Sulphuric acid capacity by 42,000 MTPA, spread across two phases at its Dharuhera facility.
Total project will cost 216 Cr, funded with a debt equity ratio of 2:1.
Phase-I of IS capacity expansion by 5500 MTPA along with Sulphuric acid capacity at an outlay of 156 Cr is underway. Commissioning for the project has been pushed to July2021 from Q3FY21 as envisaged earlier for phase-1.
reference: Screener.in
