Orient Technologies IPO Opened Today: Did You Subscribe?

One of the fastest-growing information technology (IT) solutions providers, Orient Technologies Limited’s IPO opened for subscription on August 21, 2024, and will close on August 23, 2024. Orient Technologies IPO is a book-built issue of Rs 214.76 crores. It combines a fresh issue of 0.58 crore shares aggregating Rs 120.00 crores with an offer for sale of 0.46 crore shares aggregating Rs 94.76 crores.

Orient Technologies IPO price band is set at ₹195 to ₹206 per share. The minimum lot size for an application is 72 Shares. The minimum amount of investment required by retail investors is ₹14,832. The minimum lot size investment for sNII is 14 lots (1,008 shares), amounting to ₹2.07,648, and for bNII, it is 68 lots (4,896 shares), amounting to ₹10,08,576.

Day Wise Subscription

On the first day, Orient Technologies IPO subscribed 6.78 times. The public issue subscribed 10.83 times in the retail category, 0.02 times in QIB, and 6.37 times in the NII category.

Grey Market Premium

Orient Technologies IPO’s last GMP is ₹70. With a price band of ₹206.00, Orient Technologies IPO’s estimated listing price is ₹276 (cap price + today’s GMP). The expected percentage gain/loss per share is 33.98%.

About Orient Technologies Limited

Incorporated in July 1997, Orient Technologies Limited is a fast-growing information technology (IT) solutions company. Orient Technologies has developed extensive knowledge to create products and solutions for specific areas within its business verticals.

Business Segments

• IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing;
• IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals.
• Cloud and Data Management Services: Services include migration of workload from data centres to cloud.

Don’t miss out on new investment opportunities! Check out our Upcoming IPO and be among the first to invest. Grow your wealth today!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.