Orient Technologies was listed at Rs 288 on the National Stock Exchange, a premium of 40% to the issue price. The company was subscribed to a total of 154.84 times more than the offered shares. In this, the retail segment was booked 69 times. Orient Technologies opened its issue to investors on August 21 to raise a sum of Rs 214.76 crore. It received bids worth Rs 23,277.87 crore. The issue stopped taking bids on August 23. Orient Technologies GMP The company’s hares were fetching a premium of more than 46% in the grey market. It is an unofficial place where shares trade illegally ahead of listing. Orient Technologies IPO Details The company kept the IPO price band in a range of Rs 195 to Rs 206 per equity share. The allotment of shares was finalised on August 26, 2024. Minimum Investment Requirement A retailer had to apply for a minimum of one lot that contained 72 shares, amounting to Rs 14, 832. There were different lot sizes for small and big NIIs. BRLM and Registrar Elara Capital (India) Pvt Ltd was the book-running lead manager of the IPO and Link Intime India Pvt Ltd was the registrar for the issue.
