Orient Technologies IPO Allotment Today: Latest GMP and 6 Easy Steps to Check Your Status on BSE, NSE

The share allotment for the Orient Technologies IPO is scheduled to be finalised today, Monday, August 26. Investors who applied for the IPO can check their allotment status through the official website of the IPO registrar, Link Intime India Private Ltd.

Strong Response from Investors

The Orient Technologies IPO, which opened for subscription on Wednesday, August 21, and closed on Friday, August 23, received an overwhelming response. On the final day of bidding, the IPO was subscribed 151.71 times. Retail investors showed strong interest, with their portion being subscribed 66.87 times, while the non-institutional investor (NII) portion saw a subscription of 300.60 times. Qualified institutional buyers (QIBs) also showed significant interest, with their portion being subscribed 189.90 times.

Pre-Subscription Funding and Price Details

A day before the subscription began, Orient Technologies, a Mumbai-based IT solutions provider, raised ₹64.43 crores from anchor investors. The IPO was priced between ₹195 and ₹206 per share, with a face value of ₹10 per share.

How to Check Your Allotment Status

If you applied for the Orient Technologies IPO, you can check your allotment status by following these steps:

On Link Intime India Private Ltd Website:

1. Visit the website: Go to Link Intime India.
2. Select the IPO: Choose the Orient Technologies IPO from the drop-down menu once the allocation process is complete.
3. Enter Details: You can check your status using your Application Number, Demat Account, or PAN.
4. Choose Application Type: Select either ASBA or non-ASBA as your application type.
5. Submit the Form: Fill in the required details and submit the form after completing the captcha.

On BSE Website:

1. Visit BSE’s Allotment Page: Go to the BSE Allotment Page.
2. Select Equity: Under ‘Issue Type,’ select ‘Equity.’
3. Choose the IPO: Select the Orient Technologies IPO from the drop-down menu.
4. Enter Details: Enter your PAN or application number.
5. Submit the Form: Confirm your identity with the captcha and click ‘Submit.’

On NSE Website:

1. Visit NSE’s Allotment Page: Go to the NSE Allotment Page.
2. Register with PAN: If not already registered, sign up using your PAN.
3. Enter Login Details: Enter your username, password, and captcha code.
4. Check Allotment Status: View your IPO allotment status on the new page.

Grey Market Premium (GMP) Update

As of today, the grey market premium (GMP) for Orient Technologies shares is ₹82. This suggests that the shares are trading at a premium, indicating a strong listing potential. Considering the upper end of the IPO price band and the current GMP, the estimated listing price is around ₹288 per share, which is about 39.81% higher than the IPO price of ₹206.

The GMP has been on an upward trend over the last 18 sessions, ranging from ₹0 to ₹82, reflecting strong demand and positive market sentiment.

Refunds and Listing Date

For those investors who did not receive shares, the refund process will start on Tuesday, August 27. Shares will be credited to the demat accounts of the successful applicants on the same day. The Orient Technologies IPO is scheduled to list on Wednesday, August 28.