The bidding for Orient Technologies Limited’s IPO closed last Friday, and now applicants are eagerly waiting for the share allotment date. Following the new ‘T+3’ listing rule effective from 1st December 2023, the likely date for the share allotment is Monday, 26th August 2024.
If you have applied for this IPO, you can check the allotment status on Monday. To do this, you can visit the BSE website or the registrar’s website, Link Intime India Private Limited. The IPO was well-received, getting subscribed 151.71 times.
Meanwhile, the grey market premium (GMP) for Orient Technologies IPO has increased, with today’s GMP at ₹83, up from ₹70 last Friday. Stock market experts believe this rise is due to strong subscription numbers and positive market sentiment. The GMP could rise further if the Nifty 50 index continues to perform well next week.
To check the Orient Technologies IPO allotment status, you can visit the BSE’s direct link at bseindia.com/investors/appli_check.aspx or the Link Intime website at linkintime.co.in/initial_offer/public-issues.html.
The allotment date is expected to be 28th August 2024, Wednesday next week.
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