Orient Technologies IPO: GMP Doubles and Focus on Share Allotment Heats Up

Sunday, 25 August 2024, 23:04

Orient Technologies IPO has seen its GMP double, drawing significant attention as focus shifts to the share allotment process. Investors are eager to see how the allotment unfolds amidst increasing interest. The IPO ran from August 21-23, with a price band of Rs 195-206 per share.
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Orient Technologies IPO: GMP Doubles and Focus on Share Allotment Heats Up

IPO Overview

The Orient Technologies IPO took place from August 21 to 23, allowing investors to purchase shares at a fixed price band of Rs 195-206 per share with a lot size of 72 shares. This offering has attracted notable investor attention due to the significant doubling of the GMP.

GMP and Allotment Focus

The GMP (Grey Market Premium) for Orient Technologies has effectively doubled, reflecting the market's optimistic outlook for the company's future performance. Currently, investors are closely monitoring anticipation regarding how shares will be allotted following this surge in interest.

Investor Sentiment

  • High demand is seen among retail investors.
  • Market experts predict positive outcomes based on current trends.
  • Speculation builds around potential listing gains.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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