Orient Technologies Limited IPO
Orient Technologies Limited was a mainboard IPO in the IT Enabled Services sector, offered at ₹177.27–₹187.27 per share to raise ₹215 crore. The issue was subscribed 151.71× overall (QIBs 189.9×, NIIs 300.6×, retail 66.87×). It listed on 28 Aug 2024 at ₹262 and closed its first day at ₹275, a listing gain of +46.8% versus the ₹187.27 issue price. It now trades around ₹180 (-3.7% versus the issue price).
Frequently asked questions
- How many times was the Orient Technologies Limited IPO subscribed?
- The Orient Technologies Limited IPO was subscribed 151.71× overall — 189.9× in the QIB category, 300.6× among non-institutional investors, 66.87× in retail.
- What were the Orient Technologies Limited IPO listing gains?
- Orient Technologies Limited listed on 28 Aug 2024 at ₹262, closing its first day at ₹275 — a listing gain of +46.8% versus the ₹187.27 issue price.
- What were the retail allotment odds for the Orient Technologies Limited IPO?
- Retail was subscribed 66.87×, so a single-lot application had roughly a 1.5% chance of allotment (about 1 in 67), and allotment was finalised on 26 Aug 2024.
- What was the price band and lot size of the Orient Technologies Limited IPO?
- The price band was ₹177.27–₹187.27 per share, with a minimum lot of 72 shares (₹13,483 at the upper band).
- Who were the registrar and lead manager for the Orient Technologies Limited IPO?
- Link Intime India Private Limited was the registrar, and Elara Capital was the book-running lead manager.