The Orient Technologies IPO, which concluded its bidding on August 23, 2024, is a book-built issue worth ₹214.76 crores. The IPO comprises a fresh issue of 0.58 crore shares aggregating ₹120.00 crores and an offer for sale of 0.46 crore shares totaling ₹94.76 crores.
Key Details:
- Price Band: ₹195 to ₹206 per share
- Minimum Lot Size: 72 Shares
- Minimum Investment: ₹14,832 (Retail)
- IPO Bidding Dates: August 21, 2024, to August 23, 2024
- Listing Date: Expected on August 28, 2024
- Book Running Lead Manager: Elara Capital (India) Private Limited
- Registrar: Link Intime India Private Ltd
Allotment and Subscription:
The allotment of shares is expected to be finalized on August 26, 2024. Investors can check their allotment status through the Link Intime website. The IPO witnessed significant demand, with an overall subscription of 154.84 times. The retail category was subscribed 68.93 times, while QIBs and NIIs showed even higher interest, with subscriptions of 188.79 times and 310.03 times, respectively.
Grey Market Premium (GMP) and Expected Listing:
As of August 26, 2024, the latest GMP for the Orient Technologies IPO stands at ₹82, indicating a strong listing expectation. Based on the cap price of ₹206, the estimated listing price is ₹288, representing a potential gain of approximately 39.81%.
How to Check Your Allotment Status:
To check the allotment status of Orient Technologies IPO, visit Link Intime’s official website and enter your application details.
Final Thoughts:
Orient Technologies, a growing IT solutions provider, has shown consistent financial growth and attracted significant investor interest. With the IPO oversubscribed multiple times, the company is poised for a strong market debut. Stay updated with the latest GMP trends and allotment status to make informed investment decisions.
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