Orient Technologies’ Rs 215 cr IPO to open for subscription on Aug 21

Information technology solutions provider Orient Technologies Ltd on Friday said it has fixed a price band of Rs 195-206 a share for its Rs 215-crore initial public offering.

The initial share sale will open for public subscription on August 21 and conclude on August 23, the company announced.

The initial public offering (IPO) is a combination of a fresh issue of Rs 120 crore and an offer for sale of up to 46 lakh equity shares valued at Rs 95 crore, at the upper end of the price band, by promoters. This aggregates the transaction size to Rs 215 crore.