How is the Orient Technologies IPO doing amid rising wider stock markets? The Sensex itself hit the 80,905 mark yesterday. The fresh issues space has been humming, barring a few hiccups, as was seen in numerous previous IPOs, and now a fresh company has entered the arena. At the outset, Orient Technologies has drawn the spotlight to itself as was seen in the form of investor interest in the issue. Now, these investors would be eyeing the direction the issue takes over the next few days and on to its market debut.
Orient Technologies IPO
Orient Technologies IPO subscription opened on August 21. Through the anchor investors, it has already raised Rs 64.43 crore. The last date for subscription is August 23. Those investors who are interested should know that Orient Technologies IPO price band has been set at Rs 195 to Rs 206 and the face value is Rs 10.
Orient Technologies IPO Subscription Status
Orient Technologies IPO was oversubscribed within an hour of opening. Currently, Orient Technologies IPO subscription stands at 6.99 times with retail category taking it up 11.21 times, QIB by 0.02 times, and NII category 6.44 times on day 1.
Orient Technologies IPO GMP today
Orient Technologies IPO GMP today, August 22, has skyrocketed to Rs 70 from Rs 32 a day earlier. With a price band of Rs 206, its estimated listing price is seen at Rs 276. The listing gain is estimated at 33.98%.
Orient Technologies IPO allotment status
Orient Technologies IPO allotment will likely be finalised by Monday, August 26 with share deposited in the allottees’ demat accounts on August 27. The latter date is when the refunds will start reverting too for those who missed out on this opportunity.
Orient Technologies IPO listing date
After allotment and refunds, what the lucky investors would be eyeing is the Orient Technologies IPO listing. This is likely to happen on Monday, January 29 on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Orient counts LTIMindtree, Allied Digital, Dev Information Technology, Silicon Rental Solutions, Dynacons Systems & Solutions and others as its rivals.
Orient Technologies IPO size
Orient Technologies IPO size is Rs 214.76-crore. Orient has reserved 50% of the shares for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and 35% for retail investors.
About Orient Technologies
Information technology (IT) solutions provider Orient Technologes offers IT Infrastructure, IT Enabled Services (IteS), Cloud, and Data Management Services.It counts a number of multinational companies as its clients. It has a presence in Singapore, but its revenue is mostly country-specific.
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