The IPO of Orient Technologies was well-received on its first day, being subscribed 6.64 times. The company offered 74.49 lakh shares, but received bids for nearly 4.95 crore shares. Retail investors were particularly enthusiastic, with their portion being subscribed 6.67 times. The IPO has a price band set between ₹195 and ₹206 per share and will be open for bidding until August 23, 2024.
Oversubscription: The IPO was oversubscribed by 6.64 times on Day 1.
Retail Investor Demand: Retail investors showed the most enthusiasm, subscribing to 10.49 times their reserved portion.
Non-Institutional Investors: This category also demonstrated strong interest, subscribing to 6.17 times their allocation.
Qualified Institutional Buyers (QIBs): While QIBs were less enthusiastic, they still subscribed to 2% of their reserved portion.
