Orient Technologies Limited IPO GMP

Orient Technologies is an information technology (IT) solutions provider headquartered in Mumbai, Maharashtra incorporated in the year 1997. Over the years they have built deep expertise to develop products and solutions for specialised disciplines across their business verticals.

Orient, an Book Built Issue amounting to ₹214.75 crores, consisting a Fresh Issue of 5.82 Lakh Shares worth ₹120.00 crores and an Offer for Sale of 4.6 Lakh Shares totaling to ₹94.76 crores. The subscription period for the Orient IPO opens on August 21, 2024, and closes on August 23, 2024. The allotment is expected to be finalized on or about Monday, August 26, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Wednesday, August 28, 2024.

The Share price band of Orient IPO is set at ₹195 to ₹206 equity per share, with a minimum lot size of 72 shares. Retail investors are required to invest a minimum of ₹14,832, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (1,008 shares), amounting to ₹207,648.

Elara Capital (India) Private Limited is the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue.

Orient Technologies Limited IPO GMP Today
The Grey Market Premium of Orient Technologies Limited IPO is expected in the range of ₹100 to ₹105 based on the financial performance and of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Orient Technologies Limited IPO Live Subscription Status Today
As of 04:13 PM on 23rd August 2024, the Orient Technologies Limited IPO live subscription status shows that the IPO subscribed 150.25 times on on last day of subscription period. Check the Orient Technologies Limited IPO Live Subscription Status Today at BSE.

Orient Technologies Limited IPO Allotment Status
Orient IPO allotment date is 26 August, 2024, Monday. Orient IPO Allotment will be out on 26th August 2024 and will be live on Registrar Website from the allotment date. Check Orient Technologies Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Orient Technologies Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Orient Technologies Limited IPO
Orient Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹103.48 Millions is required for acquisition of office premise at Navi Mumbai situated at unit no 1201, 1202, 1203, and 1204, respectively which are situated at Plutonium Business Park, Trans-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai (collectively, Navi Mumbai Property);

2. ₹796.50 Millions is required for funding capital expenditure for: 
i. Purchase of equipment for setting up of Network Operating Centre (NOC) and Security Operation Centre (SOC) at Navi Mumbai Property; and 

ii. Purchase of equipment and devices to offer Devise-as-a-Service (DaaS) offering. (collectively, Capital Expenditure). 

3. General corporate purposes.

Refer to Orient Technologies Limited RHP for more details about the Company.