Orient Technologies IPO Subscribed 154.84x on Day 3

Orient Technologies IPO closed on August 23, 2024, after hitting a subscription of 45.64x. increased. The allotment for the Orient Technologies IPO is expected to be finalised on August 26, 2024. Orient Technologies IPO will be listed on BSE and NSE, with a tentative listing date of August 28, 2024.

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.

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.

On the second day of bidding, Orient Technologies IPO subscribed 17.32 times. The public issue subscribed 25.28 times in the retail category, 0.16 times in QIB, and 21.64 times in the NII category.

On the last day, Orient Technologies IPO subscribed 154.84 times. The public issue subscribed 68.93 times in the retail category, 188.79 times in QIB, and 310.03 times in the NII category.

Grey Market Premium

Orient Technologies IPO’s last GMP is ₹60. With a price band of ₹206.00, Orient Technologies IPO’s estimated listing price is ₹266 (cap price + today’s GMP). The expected percentage gain/loss per share is 29.13%.

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. OTL’s business operations involve technologically advanced solutions, for which the company collaborates with a wide range of technology partners, including Dell International Services India Private Limited (Dell), Fortinet, Inc. (Fortinet), and Nutanix Netherlands B.V. (Nutanix).

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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.