Orient Technologies IPO Day 2: GMP Today, and Subscription Status

Orient Technologies IPO Day 2: Orient Technologies IPO launched its IPO on August 21 and will continue bidding for the initial public offering till Friday, August 23rd.

The company launched a fresh issue of shares for a set price band of Rs 195 to Rs 206 per equity share.

One day has already passed since it launched its public subscription and it has received a good response from investors.

The grey market has become optimistic because of the Orient Technologies IPO. As per the stock observers, the Orient Technologies IPO GMP today is at Rs 33.

Orient Technologies IPO GMP today

According to the observers, the Grey market Premium today of Orient Technologies IPO is Rs 33.

The observers reported that the increase in grey market sentiments regarding the Orient Technologies IPO may be because of two reasons.

This could be because of the high subscription status of the Orient Technologies IPO after day one of bidding and the positive response from the Indian stock market.

The stock market observers also added that the Orient Technologies IPO GMP may rise further if the bull trend on Dalal Street persists for a few additional sessions.

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Orient Technologies IPO subscription status

On the Orient Technologies IPO Day 2 of bidding, the public subscription had been booked 9.66 times, the retail investors portion has been subscribed 15.01 times while the NII portion had been booked 9.57 times and the QIB segment had been subscribed 0.04 times.

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