Orient Technologies IPO allotment date: The IPO share allotment will been finalised today (Monday, August 26). The investors who applied for the issue can check Orient Technologies IPO allotment status in Orient Technologies IPO registrar portal, which is Link Intime India Private Ltd. The Orient Technologies IPO opened for subscription on Wednesday, August 21, and closed on Friday, August 23. Orient Technologies IPO subscription status on the last bidding day was 151.71 times.
The first two days of the IPO received an exceptionally robust reaction from retail and non-institutional investors (NIIs). The retail investor segment had 66.87 times the subscription, while the non-institutional investor segment had 300.60 times the subscription. The qualified institutional buyers (QIB) component was booked 189.90 times.
A Mumbai-based IT solution provider, raised ₹64.43 crores from anchor investors the day before the subscription. Each equity share in IPO had a face value of ₹10 and was priced between ₹195 and ₹206.
The basis of allocation allows investors to determine whether or not they have been assigned shares. It also shows the number of shares allotted under the IPO allotment status. If the shares were not allocated, the corporation will begin the application process. Shares must be credited to the designated recipients’ demat accounts.
The refund process will begin on Tuesday, August 27, for individuals who have not been awarded shares. Those who have been allocated shares will get them in their demat accounts on Tuesday.
READ MORE:-https://indydeafnews.com/sanjay-roy/
