Orient Technologies IPO
Orient Technologies Limited (ORIENTTECH) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 28 August 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +64.6% (likely range +34% to +122%), day's high +77.5%, chance of a gain 97%. Actual: +39.8% at the open, +46.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 20,72,922 | 39,36,46,320 | 190x | |
| NII (HNI) total | 16,13,077 | 48,48,83,712 | 301x | |
| Big NII (above ₹10 lakh) | 10,75,385 | 35,80,54,992 | 333x | |
| Small NII (₹2-10 lakh) | 5,37,692 | 12,68,28,720 | 236x | |
| Retail | 37,63,847 | 25,16,90,616 | 66.9x | |
| Total | 74,49,846 | 1,13,02,20,648 | 152x |
Bids on NSE and BSE together, as published by NSE, as of 23 Aug 2024, 07:00 PM. Shares offered exclude the anchor portion. 20% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Orient Technologies's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Mukka ProteinsMar 2024 | 189x | 250x | 58.5x | 137x | ₹224 Cr | +42.9% | +50.9% |
| Vraj Iron and SteelJun 2024 | 164x | 209x | 54.9x | 119x | ₹182 Cr | +15.9% | +21.7% |
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| Unicommerce eSolutionsAug 2024 | 139x | 252x | 131x | 168x | ₹277 Cr | +117.6% | +137.0% |
| Chemcon Speciality ChemicalsSep 2020 | 114x | 449x | 41.2x | 149x | ₹318 Cr | +115.0% | +115.1% |
| Nazara TechnologiesMar 2021 | 104x | 390x | 75.3x | 175x | ₹583 Cr | +80.7% | +83.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Elara Capital (India) | 5 | +11.8% | 60% |
Offer documents (NSE)
Frequently asked
What is the Orient Technologies IPO price band and lot size? ₹195–206 per share, with a lot of 72 shares, so the smallest retail bid is ₹14,832.
How many times has it been subscribed? 152x overall: QIB 190x, NII 301x, retail 66.9x.
How did it list? It opened at ₹288, +39.8% against the issue price of ₹206, and closed its first day +46.8%.
