You can check the status of the allotment through the BSE or by visiting the registrar’s website. Here is how you can check the status on the BSE or even on the registrar’s website.
First, here’s how you can find out your BSE status:
Step 1:Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)Step 2:Select the issue name, i.e. the company name from the drop-down menu.
Step 3:Enter the application number or PAN number to check the allotment status.
To check the status of Technologies of the East For IPO allotment through registrar which in this case is Link Intime India, follow the steps below.Step 1:Visit Link Intime India website (https://ipo.bigshareonline.com/IPO_Status.html)
Step 2:Select Orient Technologies IPO
Step 3:Enter the PAN details and click on search to know the status
Orient GMP Technologies
The company’s shares are expected to be listed on the stock exchanges on August 28. In the unlisted market, the company’s shares are trading at a GMP of Rs 82, which translates to a 40% premium over the issue price.
Subscription to Orient Technologies’ initial public offering
He IPO Orient Technologies shares received a solid response from investors at the close, driven by strong bids from non-institutional investors over the past day.
The proceeds from the fresh issue will be used to fund its capital expenditure requirements, acquisition of office space in Navi Mumbai and general corporate purposes.
Over the years, Orient Tech has developed deep expertise in building products and solutions for specialized disciplines in IT Infrastructure, IT-Enabled Services (IteS), and Cloud and Data Management Services.
Partners with leading technology companies such as Dell, Fortinet and Nutanix to deliver advanced solutions tailored to the specific needs of its customers.
The products and services offered by Orient Technologies, within IT Infrastructure, include Data Center Solutions and End-User Computing.
The IT Infrastructure segment has a history of being the oldest operating business segment and also the highest revenue generating segment. It has added new products making it a broad-based offering and is growing at a CAGR of 58.60% from FY21 to FY23.
In FY24, the company’s operating revenue increased 12% year-on-year to Rs 603 crore, while profit for the same period rose to Rs 41.4 crore.
Elara Capital is acting as the sole lead book-running manager for the IPO and Link Intime India is the registrar.
(Disclaimer:The recommendations, suggestions, views and opinions of the experts are their own and do not represent the views of the Economic Times)
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