Daily Morning News

Orient Technologies IPO Grey Market Premium (GMP) Doubles as Attention Shifts to Share Allotment

The Grey Market Premium (GMP) for Orient Technologies' Initial Public Offering (IPO) has doubled in recent days as investors focus on the upcoming share allotment process. The significant rise in GMP reflects growing investor confidence and enthusiasm for the IPO, which has generated considerable interest in the market. As the IPO moves closer to its allotment date, all eyes are on the final distribution of shares and the company's potential performance in the public domain.

The increased GMP indicates strong demand and optimistic expectations for Orient Technologies' market debut. Investors are eagerly awaiting details on the allotment process, which will determine how shares are distributed among applicants. The IPO's progress is being closely watched by market participants, who anticipate that the final allotment will provide further insights into the company's valuation and future prospects in the rapidly evolving technology sector.