Orient Tech IPO: The IPO of IT company Orient Technologies has received a great response from investors and it has been subscribed a total of 151.71 times. After subscription, now investors are waiting for share allotment and listing. According to the schedule, allotment of shares to successful investors is to be done today on 26 August. At the same time, the possible date for listing of the company’s shares on BSE and NSE is 28 August. Before listing, this IPO is getting positive signals from the gray market. This IPO was open for subscription from 21-23 August.
Investors who have applied for IPO can check their share allotment status on BSE, NSE or IPO registrar’s portal by following three easy steps.
On BSE website
1) Select the Issue Type ‘Equity’ and Issue Name ‘Orient Technologies Limited’.
2) Enter ‘Application Number’ or ‘PAN Number’.
3) Check the box (I am not a robot) and click on ‘Search’ button.
On the NSE website
1) After logging in, the PAN number will already be visible.
2) Enter the symbol ‘ORIENTTECH’ and application number.
3) Click on ‘Get Data’
On the IPO registrar’s portal,
1) Select the company ‘Orient Technologies Limited – IPO’ in the dropdown.
2) Select ‘PAN Number’, or ‘Application Number’, or DP/Client ID, or Account Number/IFSC and enter it.
3) Click on the ‘Submit’ button.
GMP of Orient Technologies IPO
There is a good demand for Orient Tech’s IPO in the grey market. Before listing today, on 26 August, this issue is trading at a premium of Rs 82 in the unlisted market. According to this, the company’s shares are likely to be listed at a price of Rs 288. If this happens, investors will get a huge profit of about 40 percent.
Orient Technologies Financials
The company’s revenue grew 15.54 percent to Rs 542.01 crore in FY 2023. It was Rs 469.12 crore a year ago. Net profit increased by 14.35 percent to Rs 38.30 crore during FY 2023. It was Rs 33.49 crore in FY 2022. During the April-September 2023 period, Orient Technologies recorded a revenue of Rs 268.17 crore and a net profit of Rs 16.40 crore.
