Orient Technologies IPO has hit the market and investors would be looking for some ideas about where the issue is heading and whether there was any profit in it. The fresh issues market is quite hot currently, with investors seemingly awash with liquidity. And the impact is seen on a number of issues that have gone by. Many, but not all, have made excellent market debuts with retail investors jumping on the bandwagon in large numbers too. And the latest company looking to make its stock market debut is Orient Technologies.
Orient Technologes, which offers information technology (IT) solutions, was founded in 1997. It has a presence in IT Infrastructure, IT Enabled Services (IteS), Cloud, and Data Management Services. Its services are being used by a number of multinational companies. Most of its revenue is generated from within the country.
Orient Technologies IPO subscription started today, August 21 and the last date is August 23. The company has already raised Rs 64.43 crore from anchor investors. Orient Technologies IPO price band has been set at Rs 195 to Rs 206 and the face value is Rs 10.
Orient Technologies IPO size is Rs 214.76-crore. In the Orient Technologies IPO 50% of the shares have been reserved for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and 35% for retail investors.
Orient Technologies IPO Subscription Status
Orient Technologies IPO subscription has made a stellar start. The issue was reportedly oversubscribed within an hour. By 2 p.m. the issue was subscribed 4.20 times. Retail segment was booked over 7.03 times and the NII 2.99 times.
Orient Technologies IPO GMP today
Orient Technologies IPO GMP today was Rs 32 and with a price band of Rs 206, its estimated listing price is seen at Rs 238. The listing price is estimated at 15.53%.
Orient Technologies IPO allotment status
Orient Technologies IPO allotment status is expected to be finalised by Monday, August 26 and refunds will start flowing from August 27. Share deposits will be made in the allottees’ demat accounts on August 27 too.
Orient Technologies IPO listing date
It is anticipated that Orient Technologies IPO will be listed on Monday, January 29. The company will make its debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Among its rivals are LTIMindtree, Allied Digital, Dev Information Technology, Silicon Rental Solutions, Dynacons Systems & Solutions and others.
Orient Technologies IPO: Subscription, GMP today: The issue has been oversubscribed multiple times on day 1 itself. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
