Orient Technologies Share Price Live Updates: Strong Stock Market Debut
Shares List with 40% Premium on BSE
Orient Technologies has made a significant debut in the stock market today. The company's shares were listed at ₹290 per share on the Bombay Stock Exchange (BSE), which is a solid 40.78% above the issue price of ₹206 per share. The strong demand from investors during the Initial Public Offering (IPO) has resulted in this impressive listing.
Where the Money Will Be Used
After this successful listing, Orient Technologies has plans for the funds they’ve raised. The money will go towards several key projects, including:
- Setting up a Network Operating Centre (NOC) and Security Operations Centre (SOC) in Navi Mumbai.
- Buying equipment and devices to offer Device-as-a-Service (DaaS).
- Acquiring an office space in Navi Mumbai.
- General corporate purposes.
Listing on the NSE
Orient Technologies shares were also listed on the National Stock Exchange (NSE) at ₹288 per share, which is 39.80% higher than the issue price of ₹206 per share.
Admitted to ‘T’ Group of Securities
The BSE has confirmed that Orient Technologies' shares will be part of the 'T' Group of Securities. This means the shares will be available for trading from 10:00 AM today, starting with a Special Pre-open Session (SPOS).
Orient Technologies IPO Listing Date
The IPO allotment for Orient Technologies was finalized on August 27, and today, August 28, is the official listing date. Stay tuned for more updates as the market opens and trading begins.