Orient Technologies makes bumper listing; trades 48% higher
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Orient Technologies has debuted at Rs 290.00 on the BSE, up by 84 points or 40.78% from its issue price of Rs 206.00.
The scrip is currently trading at Rs 304.45, up by 98.45 points or 47.79% from its issue price.
It has touched a high and low of Rs 304.45 and Rs 285.10 respectively. So far 5.85 lakh shares were traded on the counter.
The offering, which was open for subscription between August 21, 2024 and August 23, 2024 was subscribed 151.71 times. The issue price was fixed at Rs 206.00 per share i.e. at upper end of price band of Rs 195-206 apiece.
Orient Technologies is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra.
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