The Oriana Power IPO date has been confirmed. The IPO will begin on August 1 and end on August 3. Oriana Power is an NSE SME IPO that will raise 59.66 crores through the IPO. The price band for the Oriana Power IPO is set at 115 to 118, with a market lot of 1200 shares.
Oriana Power focuses on offering solar energy solutions to industrial and commercial clients. They provide low-carbon energy solutions through the installation of on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farms (i.e. open access). Their operations are split into two categories: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, the company provides solar project engineering, procurement, construction, and operation. In
this model, the customer invests in the Capital Expenditure on their own, while Oriana handles the Engineering, Procurement, Construction, and Operation on their behalf. This approach can be implemented in a variety of ways, including rooftop and ground-mounted systems, as well as off-site solar farms. Since the beginning of our business activity in this field of service in June 2017, we have delivered projects with capacities surpassing 100 MWp in various places across India and Kenya (Africa).
They operate under the RESCO model through our 17 (seventeen subsidiaries). Their companies offer solar energy solutions on a BOOT model, allowing our customers to reap the benefits of solar energy without making a large initial commitment. All of the investment, commissioning, and maintenance are handled by us, and in exchange, their company sells power to the end user via a Power Purchase Agreement, which is typically agreed upon for a period of 25 years. After we have recovered our initial investment, we will receive an annuity income from this business. They currently have a diversified portfolio of operational and under-construction projects with a combined capacity of more than 35 MWp spread across India, including Rajasthan, Delhi, Haryana, Goa, Punjab, Gujarat, Karnataka, Andhra Pradesh, Odisha, and others. In addition, we have increased our global footprint in Kenya.
Oriana Power IPO Date & Price Band Details
| IPO Open: | August 1, 2023 |
| IPO Close: | August 3, 2023 |
| IPO Size: | Approx ₹59.66 Crores, 50,55,600 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹115 to ₹118 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Oriana Power IPO Market Lot
The Oriana Power IPO minimum market lot is 1200 shares with a ₹141,600 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹141,600 |
| Retail Maximum | 1 | 1200 | ₹141,600 |
| S-HNI Minimum | 2 | 2400 | ₹283,200 |
Objects of the Issue:
- 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 IPO Review
- Apply
Oriana Power IPO Dates
The Oriana Power IPO date is August 1 and the IPO close date is August 3. The IPO allotment date is August 8 and the IPO might list on August 11.
| IPO Open Date: | August 1, 2023 |
| IPO Close Date: | August 3, 2023 |
| Basis of Allotment: | August 8, 2023 |
| Refunds: | August 9, 2023 |
| Credit to Demat Account: | August 10, 2023 |
| IPO Listing Date: | August 11, 2023 |
Oriana Power IPO Form
How to apply Oriana Power IPO? –> You can apply Oriana Power IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Oriana Power IPO in the Invest section. The other option you can apply Oriana Power IPO via IPO forms download via the NSE website.
Oriana Power Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹- | ₹- | ₹- |
| 2021 | ₹33.77 | ₹29.96 | ₹2.82 |
| 2022 | ₹101.47 | ₹92.14 | ₹6.96 |
| 2023 | ₹133.95 | ₹116.32 | ₹12.69 |
Oriana Power IPO Valuation – FY2023
Check Oriana Power IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹17.50 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 34.10% |
| Net Asset Value (NAV): | ₹47.74 per Equity Share |
Peer Group
- KPI Green Energy Limited
- Gensol Engineering Limited
Oriana Power IPO Registrar
Skyline Financial Services Pvt Ltd
Phone: +91- 11-40450193-97;
E-mail: ipo@skylinerta.com
Website: http://www.skylinerta.com
Company Address
Flat No. 412A, Building No. 43, Chiranjiv Tower,
Nehru Place,South Delhi,
Delhi-110019
Phone: (+91) 120 – 4114695
Email: cs@orianapower.com
Website: https://investordesk@orianapower.com
Company Promoters
- Mr. Anirudh Saraswa
- Mr. Rupal Gupta
- Mr. Parveen Kumar
Oriana Power IPO Lead Managers aka Merchant Bankers
- Corporate Capital Ventures Pvt. Ltd.
Oriana Power IPO FAQs :
Q1. What is Oriana Power IPO?
Ans. Oriana Power IPO is an NSE SME IPO. They are going to raise ₹59.66 Crores via IPO. The issue is priced at ₹115 to ₹118 per equity share. The IPO is to be listed on NSE.
Q2. When Oriana Power IPO will open?
Ans. The IPO is to open on August 1, 2023 for QIB, NII, and Retail Investors.
Q3. What is Oriana Power IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Oriana Power IPO?
Ans. You can apply Oriana Power IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Oriana Power IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Oriana Power”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Oriana Power IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Oriana Power”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Oriana Power IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Oriana Power”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Oriana Power IPO Size?
Ans. Oriana Power IPO size is ₹59.66 crores.
Q9. What is Oriana Power IPO Price Band?
Ans. Oriana Power IPO Price Band is ₹115 to ₹118 per equity share.
Q10. What is Oriana Power IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 1200 shares with ₹141,600.
Q11. What is Oriana Power IPO Allotment Date?
Ans. Oriana Power IPO allotment date is August 8, 2023.
Q12. What is Oriana Power IPO Listing Date?
Ans. Oriana Power IPO listing date is August 11, 2023. The IPO to list on NSE SME.
