Orient Technologies IPO will be opened to investors for subscribing from August 21 onwards and it will collect bids till August 23. The company which is an IT solutions provider will be collecting a sum of Rs 214.76 crore, through a combination of fresh shares and an offer for sale. The company specialises in IT infrastructure, IT-enabled services (ITeS), and cloud and data management services.
Price Band
The IT solutions company kept the IPO price band within a range of Rs 195 to Rs 206 per equity share.
GMP
The shares of Orient Technologies were demanding a premium of almost 27% in the grey market. It is an unofficial place where shares change hands ahead of listing. Market Participants track GMP to take cues for listing gains.
Allotment and Listing
The allotment of shares is expected to be finalised by August 26. The listing is likely to take place on NSE and BSE on August 28, as per the tentative schedule.
Minimum Investment Requirement
A retail buyer needs to invest at least Rs 14,832 as a single lot contains 72 shares. Meanwhile, there are different lot sizes for small and big NIIs.
BRLM and Registrar
Elara Capital (India) Pvt Ltd is the lead book runner for Orient Technologies IPO, while Link Intime India Pvt Ltd is the registrar for the issue.