The book-built IPO of Orient Technologies is valued at Rs 214.76 crores. The issue consists of an offer to sell 0.46 crore shares, valued at Rs 94.76 crores, and a fresh issuance of 0.58 crore shares, totaling Rs 120.00 crores. The Orient Technologies IPO will go live on 21 August 2024 and end on August 23, 2024. The Orient Technologies IPO GMP allocation will be finished on Monday, August 26, 2024. The proposed listing date for the Orient Technologies initial public offering is Wednesday, August 28, 2024, on the BSE and NSE.
Orient Technologies Limited IPO GMP Today
The pricing range for Orient Technologies IPO is ₹195 to ₹206 per share. Applications need to include at least 72 shares in their lot size. Retail investors are required to invest a minimum of ₹14,832. The minimum lot size investment for both sNII and bNII is ₹207,648 for 14 lots (1,008 shares) and ₹1,008,576 for 68 lots (4,896 shares).
Orient Technologies Ltd IPO Date, Price, Review, and GMP
| Company Name | Orient Electric |
|---|---|
| Company type | Public |
| Traded as | BSE: 541301 NSE: ORIENTELEC |
| ISIN | INE142Z01019 |
| Industry | Electrical equipment | Home Appliances | FMEG |
| Founded | 1954; 70 years ago |
| Founder | C. K. Birla |
| Headquarters | New Delhi, India |
| Area served | Worldwide |
| Managing Director & CEO | Ravindra Singh Negi |
| Products | Home appliances Fans Lighting Switchgear |
| Number of employees | 1000+ |
What do Orient Technologies do?
The main business activity of Orient Technologies is the provision of IT services and solutions. They may provide a variety of services, including managed services, systems integration, software development, and IT consulting. They may work on projects including cloud computing, corporate resource planning (ERP) systems, bespoke software solutions, and more.
Who is the owner of Orient Technologies?
Orient Technologies Limited, a Mumbai-based company that was established in July 1997, is a quickly growing provider of IT solutions. IT infrastructure, cloud and data management services, and IT-enabled services (ITeS) are among its specialties. The promoters or owners of Orient Technologies Limited are Ajay Baliram Sawant Jayesh Manharlal Shah, Umesh Navnitlal Shah, and Ujwal Arvind Mhatre.
Orient Technologies IPO GMP Today In Hindi
- August 21, 2024, is when the IPO opens for subscription, and August 23, 2024, is when it closes.
- It is anticipated that the allocation will be completed on Monday, August 26, 2024.
- On August 27, 2024, a Tuesday, refunds will begin.
- On Tuesday, August 27, 2024, credit shares to Demat accounts are also anticipated.
- The firm is scheduled to go on sale on Wednesday, August 28, 2024, on the BSE and NSE Mainboard.
- The share price range is fixed between ₹195 to ₹ 206.
- Seventy-two shares is the minimum lot size for the IPO application.
- The minimum investment required from retail investors is ₹14,832.
- High-Net-Worth Individuals (HNIs) must invest a minimum of 14 lots (1,008 shares), or ₹207,648; bNII must invest 68 lots, or ₹1,008,576.
- The lead manager responsible for book-running for the IPO is Elara Capital (India) Private Limited.
- As the registrar, Link Intime India Private Ltd acts.