Date of Orient Technologies IPO allotment: Today, Monday, August 26, is the final day of the Orient Technologies IPO share allotment. The Orient Technologies IPO registrar online, Link Intime India Private Ltd., allows investors who applied for the offering to check the status of their allotment. On Wednesday, August 21, the Orient Technologies initial public offering (IPO) went live, and it ended on Friday, August 23. On the final day of bidding, Orient Technologies’ IPO subscription status was 151.71 times.
Retail and non-institutional investors (NII) responded overwhelmingly well to the Orient Technologies IPO throughout the first two days of the offering. The subscription for the retail investor portion was 66.87 times higher than that of the non-institutional investor quota, which was 300.60 times higher. The part for qualified institutional buyers (QIBs) was reserved 189.90 times.
The Mumbai-based IT solutions provider Orient Technologies received ₹64.43 crores from anchor investors one day before to subscription. Each equity share in the Orient Technologies initial public offering (IPO) had a face value of ₹10 and a price range of ₹195 to ₹206.
By using the basis of allocation, investors can determine whether or not they have been allotted shares. Additionally, it shows the amount of shares allocated according to the IPO allotment status. The corporation will start the application process if shares were not awarded. It is necessary to credit the shares to the designated beneficiaries’ demat accounts.
On Tuesday, August 27, the refund process for those who were not awarded shares will begin. On Tuesday, the shares allocated to them will be deposited into their demat accounts.
Wednesday, August 28 is the planned date of Orient Technologies’ first public offering.
On the Link Intime India Private Ltd. website, the IPO registrar, you can check the allotment status of Orient Technologies IPO if you have applied for the offering. The status of your application’s allotment for the Orient Technologies IPO is available for viewing below:
How can I use the Registrar website to check the allotment status for Orient Technologies’ IPO?
Step 1
To view the website of Link Intime India Private Ltd., the IPO registrar, go to https://linkintime.co.in/initial_offer/public-issues.html
Step 2
Choose the IPO option from the drop-down menu; the name will become available once the allocation procedure is complete.
Step 3
To examine the current status, click the link for your PAN, Demat Account, or Application No.
Step 4
Choose between the ASBA and non-ASBA application types.
Step 5
Give information about the mode that was chosen in Step 2.
Step 6
Once the captcha has been completed, submit the form.
How do I access the BSE to monitor the allotment status of Orient Technologies’ IPO?
Step 1
Visit the allocation page at https://www.bseindia.com/investors/appli_check.aspxcheck.aspx to check the online allotment status for the DEE Development IPO.
Step 2
Click ‘Equity’ under ‘Issue Type’.
Step 3
Click on the ‘Issue Name’ drop-down menu and select the IPO.
Step 4
Type the application number or PAN here.
Step 5
After verifying your identity by selecting “I am not a Robot,” click “Submit.”
How can I view my NSE allotment status for Orient Technologies’ IPO?
Step 1
Visit the official NSE website at https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp\ to check the status of your IPO allotment.
Step 2
To register with PAN, go to the NSE website and select the ‘Click here to sign up’ option.
Step 3
Input the captcha code, password, and user name.
Step 4
On the newly opened page, verify the status of your IPO allotment.
The article provides an update on the Grey Market Premium (GMP) for the Orient Technologies IPO, which is currently at +₹82. This premium suggests that shares of Orient Technologies are being traded in the grey market at ₹82 above the issue price, reflecting strong demand and positive sentiment among investors.
The expected listing price for Orient Technologies shares is projected to be around ₹288 per share. This estimate is based on the upper end of the IPO price band of ₹206 and the existing GMP of ₹82. The projected listing price represents a 39.81% increase from the IPO issue price, indicating potential gains for investors.
Over the last eighteen sessions, the GMP for Orient Technologies has shown an increasing trend, ranging from a low of ₹0 to a high of ₹82. This rising trend in the GMP points to a robust listing performance, as it indicates that investor confidence has been growing.
The grey market premium is an indicator of investor sentiment, showing how much more investors are willing to pay for shares above the issue price. The current GMP for Orient Technologies suggests a positive outlook for its market debut.
