Orient Technologies IPO Share Allotment Today:Investors who have invested in the IPO of information technology (IT) solution provider Orient Technologies Limited should keep an eye on share allotment today. Shares will be allotted today under the IPO. Earlier, this IPO has been oversubscribed by about 155 times today. At the same time, the gray market premium regarding this has also increased to 40 percent. In such a situation, there are indications of a strong listing of this stock on the stock exchanges BSE and NSE on August 28.
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Share Allotment Check: From BSE website
- For this, first you will have to go to the website of BSE.
- Link: bseindia.com/investors/appli_check.aspx
- After that the equity box has to be checked.
- Then you have to enter the issue name Orient Technologies in the dropdown.
- After that you will have to type your application number in the box.
- After that you will have to provide information about your PAN number.
- Finally you will have to click on the search button, after which complete information will be revealed.
Share Allotment Check: From Registrar’s website
Link Intime is the registrar of this issue. For this IPO, one has to visit the website of the registrar.
- For this IPO, one will have to visit the registrar’s website.
- Link: https://linkintime.co.in/Initial_Offer/public-issues
- Type the company name Orient Technologies in the dropdown.
- After this, enter PAN number, application number or depository/client ID in the box.
- Then enter the captcha and click on the search button. Then you will know your status.
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Orient Technologies: Investors gave a bumper response
Orient Technologies’ IPO has received a strong response from investors. This IPO has been subscribed about 155 times overall. About 50 percent of this IPO was reserved for qualified institutional investors (QIB) and it was subscribed 188.79 times. At the same time, 15 percent was reserved for non-institutional investors (NII) and it was subscribed 310.03 times. The remaining 35 percent was reserved for retail investors and it was subscribed 68.93 times.
What is the company’s outlook?
Shivani Nyati, Head of Wealth, Swastika Investmart says that Orient Technologies is a leading IT solutions provider with over three decades of experience and a large base of niche clients across industries. The company’s comprehensive IT solutions portfolio and consistent financial growth demonstrate its strong market position. However, dependence on key clients, technology partnerships and government tenders, along with intense competition, present potential challenges.
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Strength of Orient Technologies
- Large customer base across diverse customer industries
- Comprehensive and diversified IT solutions and offerings
- Strong promoters and a Board of Directors supported by an experienced senior management
- Track record of strong financial performance
- Expanding our product and services portfolio
- Expanding your geographic footprint
- Investing in employee growth
Key Concerns of Orient Technologies
- Being too dependent on your top 10 customers.
- Delays or defaults in customer payments and receivables could harm its business.
- The business is largely dependent on contracts entered into by various government bodies, which are on tender basis.
- Too much competition in the industry
- The company has a large workforce and its employee benefit expenses are also high.
- Components of its fixed operating cost.
- Its operations are largely dependent on its technology partnerships and the loss of any such partner could impact the company.
(Source: Swastika Investmart Report)
(Disclaimer: The views or advice on the stock are given by experts and brokerage houses. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)
