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Orient Technologies Shares List At 40% Premium Over IPO Price


Orient Technologies Share Price Today

The first public deal of Orient Technologies was subscribed 151.71 times on the last day of registration on Friday.

Orient Technologies IPO Listing: Orient Technologies debuted on Dalal Street today, August 27. Its shares debuted with a costs of around 40%. According to indications from the informal market, the IT company was anticipated to provide a solid listing gain for capitalists.

orient innovations share rate today

On the NSE, the shares were provided at Rs 288, showing a 39.81% costs over the problem rate of Rs 206, while on the BSE, they were provided at Rs 290, standing for a 40.78% costs.

Shares of Orient Technologies were regulating a grey market costs (GMP) of Rs 90-92 per share in advance of the listing, recommending a possible listing gain of around 44-45%. This is a boost from the Rs 80-82 variety seen given that the problem shut for bidding process recently.

Orient Technologies Listing Date and Price

Orient Technologies IPO

The business’s IPO, which intended to elevate Rs 213 crore, was open for registration from August 21 to August 23. The offering got incredible rate of interest, with the IPO being oversubscribed by a remarkable 152 times.

The first public deal of Orient Technologies was subscribed 151.71 times on the last day of registration on Friday.

The Rs 215-crore first share sale got quotes for 1,13,02,20,648 shares versus 74,49,846 shares available, according to NSE information.

The Non-Institutional Investors’ part was subscribed 300.60 times while Qualified Institutional Buyers’ allocation got 189.90 times registration. Retail Individual Investors component brought 66.87 times registration.

On Tuesday, infotech services carrier Orient Technologies increased Rs 64.42 crore from support capitalists.

The going public (IPO) is a mix of a fresh problem of Rs 120 crore and an offer-for-sale of approximately 46 lakh equity shares valued at Rs 95 crore at the top end of the rate band, by marketers. This accumulations the purchase dimension to Rs 215 crore.

Under the OFS, Ajay Baliram Sawant, Umesh Navnitlal Shah, Ujwal Arvind Mhatre, and Jayesh Manharlal Shah are unloading shares of the business.

The rate variety for the deal is Rs 195-206 a share.

Proceeds from the fresh problem to the song of Rs 79.65 crore will certainly be utilized for financing capital investment demands, Rs 10.35 crore for the procurement of workplace properties at Navi Mumbai, and a part will certainly additionally be utilized for basic company objectives.

Over the years, the business has actually created deep proficiency in developing items and services for specialized self-controls throughout IT Infrastructure, IT Enabled Services (IteS), and Cloud and Data Management Services.

Orient Technologies has a varied customers extending both public and economic sectors, consisting of sectors such as Banking, Financial Services, Insurance (BFSI), Information Technology (IT) & & ITeS, medical care, and drugs.

As of June 30, 2024, Orient Technologies’ order publication stood at Rs 101.20 crore.

Revenue from procedures throughout the 2024 raised to Rs 602.89 crore from Rs 535.10 crore in the previous year and earnings after tax obligation climbed to Rs 41.45 crore from Rs 38.30 crore.

Elara Capital (India) Pvt Ltd is the single book-running lead supervisor for the IPO.

Orient Technologies IPO Allotment Status On the BSE Website

  1. Visit the BSE IPO Allotment Status web page.
  2. Select ‘Equity’ as the problem kind.
  3. From the drop-down food selection, select ‘Orient Technologies.’
  4. Enter your IPO application number or frying pan number.
  5. Click ‘Search’ to watch your part condition.



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