Oriana Power IPO vs Shri Techtex IPO

Comparison between Oriana Power IPO and Shri Techtex IPO.

IPO Details

Oriana Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Shri Techtex IPO is a SME Bookbuilding proposed to list at NSE SME.

	Oriana Power IPO	Shri Techtex IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Share India Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	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 Shri Techtex IPO is up to ₹42.87 Cr. The final issue price of Oriana Power IPO is ₹118.00 per share and of Shri Techtex IPO is ₹61.00 per share.

	Oriana Power IPO	Shri Techtex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹115.00 per share	₹54.00 per share
Issue Price (Upper)	₹118.00 per share	₹61.00 per share
Issue Price (Final)	₹118.00 per share	₹61.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	48,00,000 shares	70,28,000 shares
Fresh Issue Size (Amount)	up to ₹56.64 Cr	up to ₹42.87 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	70,28,000 shares
Issue Size Total (Amount)	up to ₹56.64 Cr	up to ₹42.87 Cr

IPO Timetable

Oriana Power IPO opens on Aug 01, 2023, while Shri Techtex IPO opens on Jul 26, 2023. The closing date of Oriana Power IPO and Shri Techtex IPO is Aug 03, 2023, and Jul 28, 2023, respectively.

	Oriana Power IPO	Shri Techtex IPO
Anchor Bid Date	Jul 31, 2023	Jul 25, 2023
Issue Open	Aug 01, 2023	Jul 26, 2023
Issue Close	Aug 03, 2023	Jul 28, 2023
Basis Of Allotment (Tentative)	Aug 08, 2023	Aug 02, 2023
Initiation of Refunds (Tentative)	Aug 09, 2023	Aug 03, 2023
Credit of Share (Tentative)	Aug 10, 2023	Aug 04, 2023
Listing date (Tentative)	Aug 11, 2023	Aug 04, 2023
Anchor Lockin End date 1	Sep 07, 2023	Sep 01, 2023
Anchor Lockin End date 2	Nov 06, 2023	Oct 31, 2023

Financials & KPIs

Oriana Power IPO P/E ratio is 20.7, as compared to Shri Techtex IPO P/E ratio of 16.71.

Oriana Power IPO

Shri Techtex 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

Shri Techtex Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,766.65	1,625.73	447.23	808.49	588.04	488.05
31-Mar-21	4,652.15	4,021.58	1,265.68	2,075.69	1,853.72	1,498.66
31-Mar-22	5,282.41	5,182.15	826.56	2,099.47	1,875.99	2,451.57
31-Mar-23	7,386.45	5,807.58	910.63	2,981.50	1,256.61	3,188.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.40

100

Promoter Shareholding (Post-Issue)

61.41

70.34

P/E Ratio

20.7

16.71

Market Cap

₹226.36 Cr.

₹152.20 Cr.

ROE

1.97

35.84%

ROCE

46%

20.07%

Debt/Equity

0.41

1.07

EPS

₹20.85

₹5.19

RoNW

35.36%

30.54%

Shares Offered

In the Oriana Power IPO Retail Individual Investors (RII) are offered 16,80,000 shares while in Shri Techtex IPO retail investors are offered 16,80,000 shares. Qualified Institutional Buyers (QIB) are offered 9,60,000 shares in Oriana Power IPO and 14,10,000 shares in Shri Techtex IPO.

	Oriana Power IPO	Shri Techtex IPO
Anchor Investor Reserveration	14,40,000 shares	21,00,000 shares
Market Maker Reserveration	2,55,600 shares	3,72,000 shares
QIB	9,60,000 shares	14,10,000 shares
NII	7,20,000 shares	10,56,000 shares
RII	16,80,000 shares	24,62,000 shares
Employee
Others
Total	48,00,000 shares	70,28,000 shares

Bids Received (Subscription)

Oriana Power IPO subscribed 176.58x in total, whereas Shri Techtex IPO subscribed 148.44x.

	Oriana Power IPO	Shri Techtex IPO
QIB (times)	72.16x	58.03x
NII (times)	251.74x	250.65x
Big NII (times)
Small NII (times)
RII (times)	204.04x	156.37x
Employee (times)
Other (times)
Total (times)	176.58x	148.44x

Compare with others

Oriana Power IPO	Shri Techtex IPO
Crop Life Science IPO	Sangani Hospitals IPO
Shelter Pharma IPO	Yudiz Solutions IPO
Sangani Hospitals IPO	Zeal Global Services IPO
Yudiz Solutions IPO	Oriana Power IPO
Zeal Global Services IPO	Innovatus Entertainment Networks IPO
Innovatus Entertainment Networks IPO	Vinsys IT IPO
Shri Techtex IPO	Yasons Chemex Care IPO
Vinsys IT IPO	Committed Cargo Care IPO
Yasons Chemex Care IPO	Khazanchi Jewellers IPO
Committed Cargo Care IPO	Srivari Spices IPO