Orient Technologies IPO subscriptions ends today: This can double your money in 2-3 years, says Anil Singhvi

Orient Technologies IPO Subscription: 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.

Orient Technologies IPO Subscription: Orient Technologies has fixed a price band of Rs 195-206 a share for its Rs 215-crore initial public offering.

Orient Technologies IPO Subscription: The initial share sale is now open for public subscription and conclude on August 23.

Orient Technologies IPO Subscription: Zee Business Managing Editor Anil Singhvi said that investors can apply with a long-term perspective. 

Orient Technologies IPO Subscription: According to market wizard Anil Singhvi, investors can double the money in 2-3 years.

Singhvi said that investors have a good opportunity to make money in the long-term. "They can make some money in the short-term too but I am suggesting for the long-term as it can double your money," he added.
 

Orient Technologies IPO Subscription: Here are some of the positives of the IPO

- Experienced and professional management 

- Strong relationship with customers

- Very strong financial track record

- Focus on strong growth and high-margin business

- Zero-debt company and continuous positive cash flow

- Reasonable valuation 

- Focuses only in India

However, Singhvi said that it can be considered both negative and positive.

Orient Technologies IPO Subscription: The equity shares are proposed to be listed on the BSE and NSE.

Orient Technologies IPO Subscription: Elara Capital (India) Private Ltd is the sole book-running lead manager for the IPO. 

Orient Technologies IPO Subscription: T24.he allotment is likely to take place on August 26, 20

Orient Technologies IPO Subscription: Shares are likely to be listed on August 28