Orient Technologies IPO Date is set; it will close August 23, 2024 and reach the market August 21, 2024. Retail quota is 35%; QIB is 50%; HNI is 15%. Orient Technologies IPO is a Rs 0.00 crores book built issue. The problem consists of new issues of Rs 120.00 crore and offers for sale of 0.46 crore shares.
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Orient Technologies IPO Date
Orient Technologies IPO is a Rs 0.00 crores book built issue. The problem consists of new issues of Rs 120.00 crore and an offer for sale of 0.46 crore shares. Opening for subscription on August 21, 2024, Orient Technologies IPO concludes on August 23, 2024.
Monday, August 26, 2024 is supposed to be the last day for the Orient Technologies IPO allotment. Orient Technologies IPO will list on BSE, NSE with a Wednesday, August 28, 2024 preliminary listing date set. Orient Technologies IPO is a Rs 0.00 crores book built issue. The problem consists of new issues worth Rs 120.00 crore and an offer for sale of 0.46 crore shares.
Orient Technologies IPO Schedule
Orient Technologies IPO is a Rs 0.00 crores book built issue. The problem consists of new issues of Rs 120.00 crore and an offer for sale of 0.46 crore shares. Opening for subscription on August 21, 2024, Orient Technologies IPO concludes on August 23, 2024.
| IPO Open Date | Wednesday, August 21, 2024 |
| IPO Close Date | Friday, August 23, 2024 |
| Basis of Allotment | Monday, August 26, 2024 |
| Initiation of Refunds | Tuesday, August 27, 2024 |
| Credit of Shares to Demat | Tuesday, August 27, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2024 |
Monday, August 26, 2024 is supposed to be the last day for the Orient Technologies IPO allotment. Orient Technologies IPO will list on BSE, NSE with a Wednesday, August 28, 2024 preliminary listing date set.
Orient Technologies IPO GMP
The price at which an IPO is traded on an unofficial/unregulated grey market before it lists is known as the grey market premium (GMP). The GMP shows how the IPO issue of a certain firm could respond on the day of listing. While a negative GMP implies that the IPO is probably at a discount, a positive GMP premium indicates that the IPO is probably at profit.
It should be mentioned that IPO GMP is very volatile, so an investment choice depending only on Orient Technologies IPO GMP will be dangerous. Thus, take into account all elements and decide whether to invest in Orient Technologies IPO or not previous to making any investment.
The difference between the issue price of the IPO and its selling price on the grey market is known as the IPO GMP ( Grey Market Premium). Unofficial trading of the IPO shares occurs on the grey market prior to a formal IPO arrival on the public trading venues. An over-the-counter market, the grey market is where shares are bought and sold outside of stock exchange participation.
How to check the Allotment Status of the Orient Technologies Limited IPO?
Steps to see Angel One’s IPO allotment status on their app:
- Log in with the Angel One app.
- Start with the IPO Section then go through IPO Orders.
- Choose the specific IPO you applied for and verify the allocation state.
- Angel One will email and push alert you of your IPO allotment status.
Orient Technologies IPO Objective
According to the company’s intentions, the net proceeds will be used for the following:
Purchasing office space in Navi Mumbai at unit numbers 1201, 1202, 1203, and 1204 respectively from Plutonium Business Park, Trans-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai (collectively, Navi Mumbai Property);
Funding capital needs for:
- Equipment purchases for the Navi Mumbai Property Network Operating Centre (NOC) and Security Operation Centre (SOC) setup; and
- Equipment and tool purchases to provide Devise-as- a- Service (DaaS) service.(total, Capital Spending).
- general corporate goals.
Orient Technologies IPO Strengths
- Big clientele in many different sectors.
- Complete and varied offers and solutions for IT.
- Strong supporters and board, under the direction of a seasoned management team.
- Verified financial results.
Orient Technologies IPO – Buy or Not
For investors—especially those in the IT services industry—the Orient Technologies IPO offers a convincing prospect. Strong market position, varied business strategy, and constant financial development help the organization to profit from the continuous digitization developments in India.
Potential investors should still take into account the industry’s competitive character and the hazards connected to fast technology advancements. Attractiveness of the IPO will also depend much on its price and value.
Long-term investors looking for exposure to a developing sector may find great purchase value in this IPO if the pricing matches industry norms. One should do extensive due research before to making investments.
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