Orient Technologies Limited goes public with GMP (Image source: iStockphoto)
Orient Technologies Limited, a Mumbai-based IT solutions provider, recently concluded its initial public offering (IPO), raising Rs 214.76 crore through a reserved issue of shares. The IPO included a fresh issue of 0.58 million shares for a total value of Rs 120 crore, along with an offer for sale of 0.46 million shares, totalling Rs 94.76 crore.
Orient Technologies Limited IPO Price Band
He Orient Technologies Limited IPO Priced between Rs 195 and Rs 206 per share, the offer attracted interest from retail and non-institutional investors alike. The minimum investment for retail investors was set at Rs 14,832, with a lot size of 72 shares.
Orient Technologies Limited IPO Subscription Window
Orient Technologies Limited’s initial public offering commenced on August 21, 2024 and closed on August 23, 2024.
Orient Technologies Limited IPO Allotment Date
Investors are now eagerly awaiting the completion of the allotment, scheduled for August 26, 2024.
Orient Technologies Limited IPO Listing Date
Orient Technologies is expected to make its debut on the BSE and NSE on August 28, 2024.
Orient Technologies Limited IPO GMP
According to various websites tracking premium grey market activities, Orient Technologies Limited IPO shares have a GMP in the price range of Rs 50 – Rs 70 in the unlisted market.
Step by step guide to check Orient Technologies Limited IPO status on BSE
Step 1. Visit the allotment page of the official BSE website
Step 2. Under “Type of issue”, select “Share capital”
Step 3. Select the IPO from the drop-down option under “Orient Technologies Limited IPO”.
Step 4. Enter the PAN or application number
Founded in July 1997, Orient Technologies has become a key player in the IT sector, specializing in IT infrastructure and IT-enabled services (IteS). The company offers a range of solutions, including data center solutions, end-user computing, managed services and network operations center services.
The proceeds raised from the IPO will be used for the acquisition of office space in Navi Mumbai, located at the Plutonium Business Park. Additionally, the company plans to invest in capital expenditure to set up a Network Operations Center (NOC) and a Security Operations Center (SOC) at the Navi Mumbai property. Part of the proceeds will also be used to purchase equipment for offering Devices as a Service (DaaS) and for general corporate purposes.
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