Orient Technologies IPO: The IPO of IT solutions provider Orient Technologies will open for subscription on August 21 and will close on the third day i.e. August 23. The company wants to raise a total of Rs 214.76 crore through this IPO. Orient Technologies has fixed a price band of Rs 195 to Rs 206 per share for its IPO. Investors will be given 72 shares with a face value of Rs 10 in one lot.
Orient Technologies will issue 1,04,25,243 shares
Orient Technologies will issue a total of 1,04,25,243 shares under its IPO. Out of these, 58,25,243 new shares worth Rs 120 crore will be issued. While 4,60,000 shares worth Rs 94.76 crore will be issued through OFS. After the IPO closes on August 23, allotment of shares can be done on Monday, August 26. After this, shares can be credited to the demat accounts of investors on August 27.
Shares may be listed on BSE and NSE on August 28
This will be a mainboard IPO, which will be listed on BSE as well as NSE. The listing of Orient Technologies shares can be done on Wednesday, August 28. Link Intime India Private Limited will be the registrar for the IPO of Orient Technologies.
Retail investors can bid for a maximum of 13 lots
The company has reserved 50 percent of the issue for QIB under this IPO. Apart from this, 35 percent has been reserved for retail investors and 15 percent for NII. Retail investors will have to invest at least Rs 14,832 in this IPO, in which they will be given 72 shares in one lot. Retail investors can bid for a maximum of 13 lots, for this they will have to invest Rs 1,92,816 and at this price they will be given 936 shares.
Latest Business News
