Non-Institutional Investors Drive Massive Demand in Orient Technologies IPO

The allotment of shares for the highly anticipated Orient Technologies IPO finalized on Monday, August 26. The IPO, which opened for bidding on August 21 and closed on August 23, saw tremendous demand from investors.

By the close of bidding, the Orient Technologies IPO was oversubscribed by a staggering 151.71 times, with over 113 crore shares bid against the 74.49 lakh shares available.

Non-Institutional Investors (NIIs) played a significant role in driving demand, with their category being oversubscribed 300.53 times. The Qualified Institutional Buyers (QIBs) segment followed closely, with a subscription rate of 189.9 times. Retail investors also showed strong interest, with their portion being subscribed 66.8 times.

As the bidding process concludes, investors are now eagerly awaiting the share allotment results. Those who are successful in securing shares will receive notifications via email and SMS. The shares of Orient Technologies are expected to be listed on the NSE and BSE on August 28.

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