The Orient Technologies IPO has concluded, and it’s time for investors to find out if they were successful in getting shares. Here’s a straightforward guide on how to check your allotment status and understand the latest market trends.
Checking Your Allotment Status:
- Go to the Registrar’s Website: Visit Link Intime India’s official site. This is where you’ll find information about your IPO application.
- Locate the IPO Section: On the registrar’s website, find the section for the Orient Technologies IPO. There will be an option to check your allotment status.
- Input Required Information: You will need to enter your application number, PAN number, and client ID. This helps in locating your application details.
- Check Your Status: Once you enter and submit your information, the website will show if you were allotted shares and how many.
The GMP shows how much higher investors are willing to pay for the stock compared to its issue price. Currently, the GMP for Orient Technologies is +₹82. This suggests that the expected price of the stock when it starts trading could be around ₹288, which is 40% more than the top IPO price of ₹206.
Important Dates:
- Allotment Date: The IPO allotment was finalized on Monday, August 26.
- Refunds and Shares: Refunds for unsuccessful applicants will be processed starting Tuesday, August 27. Successful investors will see their shares in their demat accounts on the same day.
- Listing Date: The IPO will officially list on Wednesday, August 28.
The GMP is a useful indicator of market sentiment but remember that it is not a guaranteed prediction of the stock’s future performance. Investors should keep an eye on official announcements and be cautious in their investment decisions.
