Orient Technologies IPO is important for all those looking to buy some shares and get a profit. As per the news, IPO is going live on 21st August 2024. So if you are interested then you buy online process and get the lot through your app and bank. The IPO is open on 21st August and closed on 23rd August 2024. The price for share is around 195 to 206 per share. Now you need to get some important details like GMP, Share lot issued process, How to Apply, Lot size, etc.
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Orient Technologies IPO 2024 Allotment
The Orient Technologies IPO is structured as a book-built issue with a total value of Rs 214.76 crores. The offering is split into a fresh issue of 0.58 crore shares, raising Rs 120.00 crores, and an offer for sale (OFS) of 0.46 crore shares, amounting to Rs 94.76 crores. The IPO will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
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Orient Technologies Limited was incorporated on July 4, 1997, and has since established itself as a key player in the IT solutions space. The company offers a wide range of services, including system integration, IT infrastructure management, and cloud solutions. The company’s strong track record and robust client base have positioned it as a promising candidate for public investment.
Orient Technologies IPO Dates 2024
| Event | Date |
|---|---|
| IPO Open Date | August 21, 2024 |
| IPO Close Date | August 23, 2024 |
| Basis of Allotment Finalized | August 26, 2024 |
| Initiation of Refunds | August 27, 2024 |
| Credit of Shares to Demat | August 27, 2024 |
| Listing Date | August 28, 2024 |
Orient Technologies IPO Pricing and Lot Size
The price band for the Orient Technologies IPO is set between Rs 195 to Rs 206 per share. Investors can apply for the IPO in lots, with each lot comprising 72 shares. The minimum investment required for retail investors is Rs 14,832. Below is a breakdown of the lot sizes and corresponding investment amounts for different categories of investors:
| Investor Category | Lot Size | Number of Shares | Total Investment (Rs) |
|---|---|---|---|
| Retail Investors | 1 | 72 | 14,832 to 14,832 |
| Small Non-Institutional Investors (sNII) | 14 | 1,008 | 2,07,648 to 2,08,848 |
| Big Non-Institutional Investors (bNII) | 68 | 4,896 | 10,08,576 to 10,10,976 |
Orient Technologies IPO Allotment Process
The basis of allotment will be finalized on August 26, 2024. Investors will receive notifications regarding the status of their applications on the same day. If allotted, shares will be credited to the respective Demat accounts by August 27, 2024. For those who are not allotted shares, refunds will be initiated on August 27, 2024.
How to Apply for Orient Technologies IPO
Interested investors can apply for the IPO through several methods, including –
Online Banking: Investors can apply through their net banking portal by selecting the “IPO Application” option under the ASBA services. They can choose the IPO, enter the required details, and submit the application.
Physical Form: Investors can submit a physical ASBA application form to their bank branch. The bank will then block the application amount in the investor’s account until the shares are allotted.
Through UPI (Unified Payments Interface) – Investors can apply through a UPI ID linked to their bank account. The UPI mandate must be approved before the cut-off time (5 PM on August 23, 2024).
- Brokerage Platforms:
- Many brokerage firms offer IPO application services through their platforms. Investors can log in to their trading accounts, navigate to the IPO section, and apply directly.
Orient Technologies IPO GMP
As of August 16, 2024, the Grey Market Premium (GMP) for IPO stands at Rs 0, indicating a flat interest from the grey market. The projected listing price is Rs 206, which corresponds to the upper end of the price band. The anticipated percentage gain or loss per share is currently 0%.
Get further details at TIN Official
Orient IPO – Buy Online