Oriana Power IPO GMP Details
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Oriana Power Limited, established in 2013, specializes in providing solar energy solutions to industrial and commercial customers. Their primary focus is to offer high-quality solar energy solutions, empowering individuals and organizations to utilize sustainable and renewable energy sources for a better and greener future.
Oriana Power’s expertise lies in low-carbon energy solutions, including on-site solar project installations such as rooftop and ground-mounted systems, as well as off-site solar farms known as Open Access projects.
The company’s operations can be categorized into two main areas:
- Capital Expenditure (CAPEX): Oriana Power is involved in the engineering, procurement, construction, and operation of solar projects. They undertake projects that require significant upfront investment and manage the entire process until the projects are operational.
- Renewable Energy Service Company (RESCO): Under this model, Oriana Power offers solar energy solutions on a BOOT (Build, Own, Operate, Transfer) basis. They build and own the solar projects, operate them efficiently, and eventually transfer them to the clients after the agreed-upon contract period.
Overall, Oriana Power Limited is dedicated to promoting the adoption of renewable energy and contributing to a more sustainable and environmentally friendly energy landscape.
Objects of the Issue
The net proceeds from the issue will be utilized for the following objectives:
- Working capital requirement: The funds will be used to meet the company’s day-to-day operational expenses, including salaries, rent, utilities, and inventory.
- Investment in subsidiary companies: The company plans to allocate funds for investments in its subsidiary companies to support their growth and business activities.
- Capital expenditure: The proceeds will be utilized for capital expenditures, which may involve investments in technology, equipment, and infrastructure to enhance the company’s capabilities and support its expansion plans.
Oriana Power IPO Details
IPO Date | Aug 1, 2023 to Aug 3, 2023 |
Listing Date | 11 August 2023 |
Face Value | ₹10 per share |
Price | ₹115 to ₹118 per share |
Lot Size | 1200 Shares |
Total Issue Size | 5,055,600 shares (aggregating up to ₹59.66 Cr) |
Fresh Issue | 5,055,600 shares (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 14,127,000 |
Share holding post issue | 19,182,600 |
Market Maker portion | 255,600 shares Share India Securities |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Allotment Status: | Click Here |
Oriana Power IPO Reservation
QIB Shares Offered | Not more than 50% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
Oriana Power IPO Lot Size
The Oriana Power IPO lot size is 1200 shares.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1200 | ₹141,600 |
Retail (Max) | 1 | 1200 | ₹141,600 |
HNI (Min) | 2 | 2,400 | ₹283,200 |
Oriana Power IPO Dates
Oriana Power IPO opens on Aug 1, 2023, and closes on Aug 3, 2023.
IPO Open Date | Tuesday, 1 August 2023 |
IPO Close Date | Thursday, 3 August 2023 |
Basis of Allotment | Tuesday, 8 August 2023 |
Initiation of Refunds | Wednesday, 9 August 2023 |
Credit of Shares to Demat | Thursday, 10 August 2023 |
Listing Date | Friday, 11 August 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on Aug 3, 2023 |
Oriana Power Ltd Company Financial Report
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31-Mar-21 | 2,964.83 | 3,376.98 | 282.38 | 771.29 | 464.29 | 75.23 |
31-Mar-22 | 5,572.69 | 10,146.86 | 695.53 | 1,775.82 | 1,159.82 | 769.07 |
31-Mar-23 | 7,799.99 | 13,395.37 | 1,268.52 | 3,621.84 | 2,950.84 | 1,489.19 |
Amount in ₹ Lakhs |
Key Performance Indicator of Oriana Power
KPI | Values |
---|---|
ROE | 1.97 |
ROCE | 46% |
Debt/Equity | 0.41 |
EPS (Rs) | 17.5 |
RoNW | 34.10% |
Oriana Power Contact Information
Oriana Power Limited
Flat No. 412A, Building No. 43,
Chiranjiv Tower, Nehru Place,
New Delhi – 110019
Phone: +91 – 78178 03330
Email: cs@orianapower.com
Website: https://orianapower.com/
Oriana Power IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Oriana Power IPO FAQs
What is Oriana Power IPO?
Oriana Power IPO is a SME IPO offering 5,055,600 equity shares with a face value of ₹10, aggregating up to ₹59.66 Crores. The issue is priced in the range of ₹115 to ₹118 per share. The minimum order quantity is 1200 shares.
When will Oriana Power IPO open and close for subscription?
The IPO opens on Aug 1, 2023, and closes on Aug 3, 2023.
How can I apply for Oriana Power IPO through Zerodha?
Zerodha customers can apply online in Oriana Power IPO using UPI as a payment gateway. You can log in to Zerodha Console (back office), go to Portfolio, click on the IPOs link, select ‘Oriana Power IPO’ and place your bid by entering your UPI ID, quantity, and price. After submitting the IPO application form, visit the UPI App (net banking or BHIM) to approve the mandate.
What is the lot size of Oriana Power IPO?
The lot size for Oriana Power IPO is 1200 shares, and the minimum order quantity is 1200 shares.
How can I apply for Oriana Power IPO?
You can apply for Oriana Power IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who do not offer banking services.
When will the allotment for Oriana Power IPO take place?
The finalization of Basis of Allotment for Oriana Power IPO will be done on Tuesday, 8 August 2023. The allotted shares will be credited to your demat account by Thursday, 10 August 2023. You can check the Oriana Power IPO allotment status on that date.
When is Oriana Power IPO listing date?
The listing date for Oriana Power IPO is not yet announced. The tentative date of listing is Friday, 11 August 2023.