Oriana Power Limited IPO Detail
Incorporated in 2013, Oriana Power Limited provides solar energy solutions. They offer their services to industrial and commercial customers. Their vision is to offer high-quality solar energy solutions such that individuals and organizations can use sustainable and renewable energy sources for a better future.
Oriana Power offers low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems and off-site solar farms i.e. Open access.
Oriana Power Limited's operations can be divided into the following:
- Capital Expenditure (CAPEX): This involves Engineering, Procurement, construction, and operation of solar projects
- Renewable Energy Service Company (RESCO): In this model, they provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis.
Company Promoters
Mr. Anirudh Saraswat, Mr. Rupal Gupta and Parveen Kumar are the Promoters of the Company.IPO Details
| IPO Opening Date | Aug 01, 2023 |
| IPO Closing Date | Aug 03, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹115 - 118 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹59.66 Cr |
| Fresh Issue | 5,055,600 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 2 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 3 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 4 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 5 | 0.21x | - | - | 8.11x | 22.73x | 13.16x |
| Day 6 | 3.78x | - | - | 23.80x | 68.25x | 40.31x |
| Day 7 | 72.16x | - | - | 251.73x | 204.03x | 176.58x |
IPO Tentative Timetable
The Oriana Power Limited IPO open date is Aug 01, 2023, and the close date is Aug 03, 2023. The issue may list on Aug 11, 2023.
| IPO Open Date | Aug 01, 2023 |
| IPO Close Date | Aug 03, 2023 |
| Basis of Allotment Date | Aug 08, 2023 |
| Initiation of Refunds | Aug 09, 2023 |
| Credit of Shares to Demat Account | Aug 10, 2023 |
| IPO Listing Date | Aug 11, 2023 |
IPO Lot Size
The Oriana Power Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹141600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹141600 |
| Maximum | 1 | 1200 | ₹141600 |
IPO Promoter Holding
| Pre Issue Share Holding | 83.40% |
| Post Issue Share Holding | 61.41% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 5572.69 | 10146.86 | 695.53 |
| 31-Mar-23 | 7799.99 | 13395.37 | 1268.52 |
Objects of the Issue:
The company intends to utilize the net proceeds for the Following Objects:
- Working capital requirement: This refers to the funds needed to cover day-to-day operating expenses, such as salaries, rent, utilities, and inventory.
- Investment in subsidiary companies
- Capital expenditure: This could include investments in technology, equipment, and infrastructure to support the growth and expansion of the business.
Oriana Power Limited IPO Registrar:
Skyline Financial Services Private Ltd
Oriana Power Limited IPO Lead Manager(s):
Corporate Capitalventures Pvt Ltd
Company Contact Information:
Oriana Power Limited
Flat No. 412A, Building No. 43, Chiranjiv Tower, Nehru Place
New Delhi
New Delhi
