Orient Technologies IPO Subscription – Live Status

Last updated on August 23, 2024

Orient Technologies IPO subscription started on 21 August 2024 and will close on 23 August 2024. Orient Technologies plans to raise around INR crores via the IPO. The price band is fixed at INR  per share. Orient Technologies IPO market lot has  shares and the minimum application amount is INR . The retail quota is 35%, QIB is 50% and NII is 15%.

Check Orient Technologies IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Orient Technologies IPO subscription status segregated by days and investor categories.

Orient Technologies IPO Subscription Status – Live Updates

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

Orient Technologies – Business Background

Founded in 1997 and based in Mumbai, Maharashtra, Orient Technologies is a fast-growing leader in the information technology (IT) solutions industry. The company focuses on delivering customized products and services across multiple sectors, including IT Infrastructure, IT Enabled Services (IteS), and Cloud and Data Management Services.

Orient Technologies partners with leading technology companies like Dell, Fortinet, and Nutanix, enabling it to offer tailored solutions that precisely meet the needs of its diverse clientele. The company has earned a strong reputation by nurturing long-term relationships with clients in sectors such as banking, financial services, insurance (BFSI), IT, and healthcare, ensuring a deep understanding of and effective response to customer requirements.

The company has showcased remarkable financial growth, achieving a revenue compound annual growth rate (CAGR) of 47.09% from Fiscal 2021 to Fiscal 2023. This performance highlights its successful expansion and strategic investments within the IT sector. As of 30 June 2024, Orient Technologies’ order book stood at INR 101.20 crore.

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Investor Categories in Orient Technologies IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Orient Technologies IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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Orient Technologies IPO Subscription Status FAQs