Orient Technologies IPO Allotment Status

Summary 

Orient Technologies IPO has garnered a robust response from investors, closing with an impressive subscription of 154.84 times by 23rd August 2024 (Day 3). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 310.03 times, reflecting significant interest, particularly from bNII (bids above ₹10L), which saw a subscription of 343.45 times. Smaller NII (bids below ₹10L) also showed strong participation with a subscription of 243.20 times.

The Qualified Institutional Buyers (QIB) category demonstrated robust engagement, subscribing 188.79 times, indicating confidence from institutional investors in Orient Technologies' market potential. Retail investors also showed solid interest, with the IPO being subscribed 68.93 times, highlighting the attractiveness of the offering to individual investors.

How to Check Orient Technologies IPO Allotment Status:

How do you Check Orient Technologies IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Link Intime Limited. (https://linkintime.co.in/initial_offer/)

Step 2: From the selection menu, choose IPO/FPO (the name will show only after the allotment is finalised).

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Orient Technologies IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Orient Technologies IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Orient Technologies Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: An IPO allotment status that indicates the available shares for allocation should show up once you submit your information.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Orient Technologies IPO Timeline:

Orient Technologies IPO Subscription Status

The IPO of Orient Technologies received 154.84 subscriptions. By 23rd August, 2024 (Day 3), the public issue had been subscribed 68.93 times in the retail category, 188.79 times in the QIB category, and 310.03 times in the NII category.

Subscription Day 1
Total Subscription: 6.99 times.
QIBs: 0.02 times.
Non-institutional investors: 6.44 times.
Retail investors: 11.21 times.

Subscription Day 2
Total Subscription: 17.51 times.
QIBs: 0.16 times.
Non-institutional investors: 21.75 times.
Retail investors: 25.62 times.

Subscription Day 3
Total Subscription: 154.84 times.
QIBs: 188.79 times.
Non-Institutional investors: 310.03 times.
Retail investors: 68.93 times.

Orient Technologies IPO Details

Orient Technologies' initial public offering (IPO) is a book-built issue amounting to ₹ 214.76 crores. This offering consists of a fresh issue of 0.58 crore shares, totalling ₹ 120.00 crores, alongside an offer for sale of 0.46 crore shares, amounting to ₹ 94.76 crores.

The bidding process for the Orient Technologies IPO commenced on 21 August 2024 and concluded on 23 August 2024. The allotment results for this IPO are anticipated to be finalised on 26 August 2024. Furthermore, the shares of Orient Technologies are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 28 August 2024.

The price range for the Orient Technologies IPO has been established between ₹195 and ₹206 per share. Investors must apply for a minimum lot size of 72 shares, which requires a minimum investment of ₹14,832 for retail investors. For small and medium-sized non-institutional investors (sNII), the minimum investment consists of 14 lots (1,008 shares), totalling ₹207,648. In contrast, for large non-institutional investors (bNII), the minimum investment is 68 lots (4,896 shares), amounting to ₹1,008,576.

Elara Capital (India) Private Limited serves as the book-running lead manager for the Orient Technologies IPO. Link Intime India Private Ltd is designated as the registrar for this offering.