Orient Technologies IPO Subscription Status

Orient Technologies IPO - Day 3 Subscription at 49.54 Times

Orient Technologies IPO closed on 23rd August 2024. Shares of the IPO are likely to be listed on 28th August 2024 and will make a trading debut on the BSE NSE mainboard platform.

On 23rd August 2024, Orient Technologies IPO received bids for 36,15,62,544, much more than the 72,97,670 shares available. This means that by the end of day 3, the IPO had been oversubscribed by 49.54 times.
 

Here are the subscription details for Orient Technologies IPO as of Day 3(23rd August, 2024 at 12:37:10 PM)

The Orient Technologies IPO saw strong participation, particularly from High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs), who played a significant role in driving the overall subscription. Retail investors also showed substantial interest, contributing to the robust subscription figures. Qualified Institutional Buyers (QIBs) joined the fray later, adding to the demand in the final hours of the last day, a common trend seen in IPOs where institutional investors often wait until the end to place their bids. 

The overall subscription was well-supported by retail and non-institutional categories, while the figures do not account for the employees' portion, which was not applicable, nor the market-making segment of the IPO. The participation from these key investor groups highlights the widespread appeal and confidence in Orient Technologies among both individual and institutional investors.
 

Subscription Status of Orient Technologies IPO for Days 1,2 and 3:

On day 1, Orient Technologies IPO was subscribed 6.99 times. By the end of day 2, the subscription status had risen to 17.51 times; on day 3 it reached 49.54 times.
 

Here are the complete subscription details for the Orient Technologies IPO by category as of Day 3(23rd August 2024 at 12:37:10 PM):

Orient Technologies IPO received a varied response from different investor categories. The Anchor Investors subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 2.80 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 122.91 times, and Retail Investors at 44.81 times. Overall, Orient Technologies IPO was subscribed by 49.54 times.

Orient Technologies IPO- Day-2 Subscription at 17.36 Times 

At the end of Day 2, Orient Technologies IPO subscribed 17.36 times. The public issue subscribed 25.34 times in the retail category, 0.16 times in QIB, and 21.67 times in the NII category on 22nd August 2024  

Here are the subscription details of Orient Technologies IPO as of Day 2(22nd August 2024 at 5:09:09 PM):

The subscription for the Orient Technologies IPO was largely driven by retail investors, who showed the highest level of interest, followed closely by High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs). Qualified Institutional Buyers (QIBs), who are typically large investors like mutual funds and insurance companies, displayed minimal interest, with their participation being significantly lower than that of other categories. 

In IPOs like this, it's common for QIBs and HNIs/NIIs to ramp up their subscriptions in the final hours of the last day, though the overall figures for the Orient Technologies IPO show a more robust response from retail investors. The total subscription figures reflect the overall demand, excluding contributions from employees and the market-making segment and focusing instead on the primary investor categories.
 

Here are the complete subscription details for the Orient Technologies IPO as of Day 2(22nd August, 2024 at 5:09:09 PM):

On day 1, Orient Technologies IPO was subscribed 6.83 times. By day 2, the subscription status had risen to 17.36 times. The final status will be clear after the end of day 3. Orient Technologies IPO received a varied response from different investor categories. The Anchor Investors subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 0.16 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 21.67 times, and Retail Investors at 25.34 times. Overall, Orient Technologies IPO was subscribed by 17.36 times.

Orient Technologies IPO - Day-1 Subscription at 6.83 Times

Orient Technologies IPO will close on 23rd August 2024. Shares of Orient Technologies are likely to be listed on 28 August and will make their trading debut on the BSE NSE platform.

On August 21st, 2024, the Orient Technologies IPO received bids for 4,98,55,896 shares, much more than the 72,97,670 shares available. This means that by the end of Day 1, the IPO had been oversubscribed 6.83 times.
 

Here are the subscription details for Orient Technologies IPO as of Day 1 (21st August, 2024 at 5:15:09 PM):

The Orient Technologies IPO saw strong interest primarily from HNI/NII investors, with retail investors also contributing significantly to the overall subscription. Qualified Institutional Buyers (QIBs) showed minimal interest, which is typical as they often wait until the final moments to place their bids. The overall subscription data reflects the high confidence of individual and non-institutional investors in the company’s prospects. However, the final figures do not include contributions from anchor investors or market-making segments. HNI/NIIs are usually affluent individual investors and smaller institutions, while QIBs are large entities such as mutual funds and insurance companies.

Here are the subscription details for Orient Technologies IPO by category as of Day 1 (21st August 2024 at 5:15:09 PM):

On day 1, Orient Technologies IPO was subscribed 2.06 times. Qualified Institutional Buyers (QIBs) did not show any subscriptions with a rate of 0.00 times.HNIs / NIIs portion subscribed at 1.44 times while Retail Investors subscribed at 3.63 times. Overall, the IPO was subscribed 2.06 times.

About Orient Technologies

Orient Technologies Limited, a rapidly expanding provider of information technology (IT) solutions with its headquarters in Mumbai, Maharashtra, was incorporated in July 1997. The organisation has collected a wealth of information to produce goods and services tailored to particular industries within its vertical business markets.

Prominent clientele from various industries have been drawn to the company because of its extensive range of customisable offerings and ability to adapt solutions to match customers' demands. They provide services to top public and private sector organisations in a variety of client industries, including banking, financial services, insurance (BFSI), IT, ITeS, and healthcare/pharmaceutical.

Mumbai-based Orient Technologies Limited is a rapidly expanding IT solutions provider founded in July 1997. Its areas of expertise include cloud and data management services, IT infrastructure, and IT-enabled services (IteS).
 

Highlights of the Orient Technologies IPO

• IPO price band: ₹195 to ₹ 206 per share.
• Minimum application lot size: 72 shares.
• Minimum investment for retail investors: ₹14,832.
• Minimum investment for sNII) and bNII: 14 lots (1,008 shares), ₹207,648 and 68 lots(4,896 shares) amounting to ₹1,008,576
• Registrar: Link Intime India Private Ltd.