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Track all the latest updates and news of Ortel Communications IPO.
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Published by : CoinTelegraphOrtel Communications Ltd IPO stock listed today at a discount of 5% on BSE. The Initial Public offer (IPO) was open on Mar 03, 2015 and closed on Mar 05, 2015. Ortel Communications IPO received bids for 71,23,125 shares against an offer of 94,42,575 shares.
Ortel Communications stock closed today at Rs 171.95/-, around 5% discount of public issue's price of Rs 181/-. The stock was open at Rs 181/- and then went down to Rs 171.95/- before closing at Rs 171.95/-.
Listing Day Trading Information at BSE
Issue Price: Rs. 181.00
Open: Rs. 181.00
Low: Rs. 171.95
High: Rs. 181.00
Last Trade: Rs. 171.95
Volume: 2,964
Ortel Communications IPO Listing Date
Listing Date: Thursday, March 19, 2015
BSE Scrip Code: 539015
NSE Symbol: ORTEL
Listing In: 'T' Group of Securities
ISIN: INE849L01019
Issue Price: Rs. 181.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share
Ortel Communications Ltd IPO allotment status is now available online.
Ortel Communications IPO was open on Mar 03, 2015 and closed on Mar 05, 2015. IPO was oversubscribed by 0.75 times (0.39 times in retail).
Ortel Communications Ltd is entering in the capital markets with an initial public offering, IPO of 12,000,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 181/- at lower level and Rs 200/- at upper level.
Ortel Communications Ltd is a regional cable television and high speed broadband services provider, mainly engaged in the distribution of analog and digital cable television services, high speed broadband services & Voice over Internet Protocol ('VoIP') services. Company has well presence in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh and West Bengal. They have built a two-way communication network for 'Triple Play' services (video, data and voice capabilities). Ortel provides its services under the brand names 'Ortel Home Cable', 'Ortel Digital' and 'Ortel Broadband'.
The issue opens on Mar 03, 2015 and closes for subscription on Mar 05, 2015. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Ortel Communications IPO is proposed to open on March 3, 2015. The IPO application ends on March 5, 2015.
Retail investors can apply in the retail or non-institutional investor category from March 3, 2015 to March 5, 2015. The Ortel Communications IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Ortel Communications IPO will open for subscription on March 3, 2015. The public issue will close on March 5, 2015.
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