The Orient Technologies Limited’s shares were available for subscription between 21st August to 23rd August 2024. Many investors applied for the Orient Technologies IPO and were looking for the status. The allotment of Orient Technologies is set for 26th August 2024. You can check the allotment status from the official website link of Linkin Time Limited i.e. linkintime.co.in. The initial public offering (IPO) of Orient Technologies has been very popular with investors, getting subscribed 16.95 times more than expected by the end of the second day of bidding. The shares will be listed at BSE, NSE on 28th August 2024. Stay tuned to this page to learn more information about Orient Technologies IPO allotment status check, subscription details, allotment schedule, and how to check the allotment status online.
Orient Technologies IPO Allotment Status
The three-day window to apply began on 21st August 2024 and closed on 23rd August 2024. The IPO is priced between Rs 195 and Rs 206 per share with a minimum purchase size of 72 shares. Retail investors must invest at least Rs 14,832 to buy one lot of 72 shares. Additionally, Orient Technologies shares are seeing a grey market premium (GMP) of Rs 70 or 34% above the highest IPO price as of Friday. The Orient Technologies IPO allotment status will be available on 26th August 2024. The IPO received a great response from all types of investors. If you have applied for the Orient Technologies public issue can view the allotment status online from the official website shared below. Those investors who allot shares of Orient Technologies will be credited by 27th August 2024. Meanwhile, others can expect the return on the same date.
Overview of Orient Technologies IPO 2024
| Name of the Company | Orient Technologies Limited |
| IPO Open Date | 21st August 2024 |
| IPO Close Date | 23rd August 2024 |
| Price Band | Rs. 195 and Rs. 206 per share |
| IPO Issue Size | Rs 120 crore |
| Face Value | Rs 10 Each |
| Lot Size | 72 shares |
| Listing Date | 28th August 2024 |
| Article Category | Allotment Status |
| Orient Technologies IPO Allotment Release Date | 26th August 2024 |
| Listing At | BSE, NSE |
| Official Website | linkintime.co.in |
Orient Technologies Subscription Details
The Orient Technologies IPO includes a new issue of 5,825,243 shares, raising to Rs 120 crore, and an offer for sale (OFS) of 4,600,000 shares, totaling Rs 94.76 crore. Orient Technologies opened its IPO on the 21st of August 2024. The allotment of shares is planned for 26th August 2024. The shares are likely to be listed by 27th August 2024 on NSE and BSE. The retail investor segment was oversubscribed 48.32 times, highlighting strong interest in Orient Technologies. Non-institutional investors (NIIs) showed even more enthusiasm, with their segment oversubscribed 157 times. Meanwhile, the Qualified Institutional Buyers (QIBs) portion was oversubscribed 13.65 times.
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Subscription and IPO Schedule
As per the NSE data, the Rs 215-crore public offering has received bids for 12,62,82,744 shares, compared to the 74,49,846 shares available. The retail category was subscribed 24.48 times. The Non-Institutional Investor (NII) category was very popular, with 20.97 times subscription. The Qualified Institutional Buyer (QIB) category had a 0.16 times subscription.
| Events | Important Dates |
| IPO Open Date | 21st August 2024 |
| IPO Close Date | 23rd August 2024 |
| IPO Allotment Result | 26th August 2024 |
| Refund Initiation | 27th August 2024 |
| Credit of Shares | 27th August 2024 |
| Share Listing Date | 28th August 2024 |
How to check Orient Technologies IPO Allotment Status 2024
Step 1: Go to the official website of Linkin Time Limited’s official website @linkintime.co.in
RBI Grade B Admit Card Link 2024
BSTC 3rd List Cut Off 2024
Step 2: Select “Orient Technologies” from the list of companies.
Step 3: You can enter your PAN number, IPO application number, or DP client ID/Demat account number.
Step 4: Fill in the details based on the option you chose.
Step 5: Click on the ‘Search’ button, and your allotment status will be shown on the screen.
Step 6: The screen will show the number of shares you applied for and the number of shares allotted to you.
FAQs
What is the Orient Technologies IPO Allotment Date?
The Orient Technologies IPO Allotment data is 26th of August 2024.
Where I can check the Orient Technologies IPO Allotment status?
Investors can check the Orient Technologies IPO Allotment status from the official website link i.e. linkintime.co.in.
When the Orient Technologies credit the shares?
The Orient Technologies’ IPO shares will be credited to the Demat account by 27th August 2024.