Oriana Power IPO vs Shelter Pharma IPO

Comparison between Oriana Power IPO and Shelter Pharma IPO.

IPO Details

Oriana Power IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shelter Pharma IPO is a SME Fixed Price proposed to list at BSE SME.

	Oriana Power IPO	Shelter Pharma IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	BSE SME
Lead Managers	Corporate Capitalventures Pvt.Ltd.	Gretex Corporate Services Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Share India Securities Ltd.	Gretex Share Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Oriana Power IPO is up to ₹56.64 Cr whereas the issue size of the Shelter Pharma IPO is up to ₹15.22 Cr. The final issue price of Oriana Power IPO is ₹118.00 per share and of Shelter Pharma IPO is ₹42.00 per share.

	Oriana Power IPO	Shelter Pharma IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹115.00 per share
Issue Price (Upper)	₹118.00 per share
Issue Price (Final)	₹118.00 per share	₹42.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	48,00,000 shares	36,24,000 shares
Fresh Issue Size (Amount)	up to ₹56.64 Cr	up to ₹15.22 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	48,00,000 shares	36,24,000 shares
Issue Size Total (Amount)	up to ₹56.64 Cr	up to ₹15.22 Cr

IPO Timetable

Oriana Power IPO opens on Aug 01, 2023, while Shelter Pharma IPO opens on Aug 10, 2023. The closing date of Oriana Power IPO and Shelter Pharma IPO is Aug 03, 2023, and Aug 14, 2023, respectively.

	Oriana Power IPO	Shelter Pharma IPO
Anchor Bid Date	Jul 31, 2023
Issue Open	Aug 01, 2023	Aug 10, 2023
Issue Close	Aug 03, 2023	Aug 14, 2023
Basis Of Allotment (Tentative)	Aug 08, 2023	Aug 18, 2023
Initiation of Refunds (Tentative)	Aug 09, 2023	Aug 21, 2023
Credit of Share (Tentative)	Aug 10, 2023	Aug 22, 2023
Listing date (Tentative)	Aug 11, 2023	Aug 23, 2023
Anchor Lockin End date 1	Sep 07, 2023
Anchor Lockin End date 2	Nov 06, 2023

Financials & KPIs

Oriana Power IPO P/E ratio is 20.7, as compared to Shelter Pharma IPO P/E ratio of 5.62.

Oriana Power IPO

Shelter Pharma IPO

Financials

Oriana Power Limited Financial Information (Restated Standalone)
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

Shelter Pharma IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,020.24	1,283.93	2,144.90
Total Income	2,248.86	3,005.84	3,615.51
Profit After Tax	-23.88	183.70	578.33
Net Worth	711.17	880.42	1,451.06
Reserves and Surplus	667.40	844.45	676.68
Total Borrowing	0.46	13.12	178.41

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.40

84.92

Promoter Shareholding (Post-Issue)

61.41

56.89

P/E Ratio

20.7

5.62

Market Cap

₹226.36 Cr.

₹48.55 Cr.

ROE

1.97

ROCE

46%

Debt/Equity

0.41

EPS

₹20.85

₹7.47

RoNW

35.36%

39.86%

Shares Offered

In the Oriana Power IPO Retail Individual Investors (RII) are offered 16,80,000 shares while in Shelter Pharma IPO retail investors are offered 16,80,000 shares. Qualified Institutional Buyers (QIB) are offered 9,60,000 shares in Oriana Power IPO and in Shelter Pharma IPO.

	Oriana Power IPO	Shelter Pharma IPO
Anchor Investor Reserveration	14,40,000 shares
Market Maker Reserveration	2,55,600 shares	1,92,000 shares
QIB	9,60,000 shares
NII	7,20,000 shares	18,12,000 shares
RII	16,80,000 shares	18,12,000 shares
Employee
Others
Total	48,00,000 shares	36,24,000 shares

Bids Received (Subscription)

Oriana Power IPO subscribed 176.58x in total, whereas Shelter Pharma IPO subscribed 15.25x.

	Oriana Power IPO	Shelter Pharma IPO
QIB (times)	72.16x
NII (times)	251.74x	6.59x
Big NII (times)
Small NII (times)
RII (times)	204.04x	22.28x
Employee (times)
Other (times)
Total (times)	176.58x	15.25x

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