Orient Technologies IPO: A Successful Launch and Overwhelming Subscription

Orient Technologies Ltd is one of the prominent IT infrastructure provider and solutions company which has embarked upon the IPO on the 26th of August, 2024. The IPO got extremely good response from the investors and it attracted good subscription from all the categories.

IPO Details:

Issue Price: INR 120 per share

Issue Size: India R 340 crore

Subscription Status: Highly subscribed especially by the retail and other forms of investors other than institutions.

Allotment Status:

The reservation status of the Orient Technologies IPO has been arrived. Shareholders can also look up the details on their allotment status via the website of the registrar and transfer agent, namely, Link Intime India Pvt Ltd.

Key Highlights:

Purpose of the IPO: For expansion strategies, meeting working capital needs, and other miscellaneous corporate uses.

Company's Strengths: Certain factors that make the company a good investment include a proven performance history, skilled management team, broad client base, and emphasis on new developments.

Industry Outlook: The global IT infrastructure market is projected to have robust growth in India because of trends like digitalization, shifting to the cloud, and the growth in internet usage.

How to Check Allotment Status:

Go to the website of the company known as Link Intime India Pvt Ltd.

Please, provide your application number or Demat Account number, or the details of your PAN card.

On the website, find the menu to click ‘Check Allotment Status’ and input your serial number as directed by the screen prompts.

Listing Date:

The Orient Technologies is forecasted that it can be floating its shares at National Stock Exchange (NSE) as well as Bombay Stock Exchange (BSE) by August 28, 2024.

Investor Sentiment:

The IPO received a favorable response from the market investors as the fundamentals and future growth opportunities of the company were promising, and the IT infrastructure market in India was projected to grow in future.

Future Outlook:

This IPO offering has given Orient Technologies the platform to effectively seize on the increasing prospects in the IT infrastructure category. The company’s future trends and its value addition to its shareholders are essentially determined by its sound financial performance and top notch management.