Bookbuilding IPO | ₹60 Cr | Listed at NSE SME | Tue, Aug 1, 2023 - Thu, Aug 3, 2023
Oriana Power IPO is a book build issue of ₹59.66 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹59.66 crore.
Oriana Power IPO bidding started from Aug 1, 2023 and ended on Aug 3, 2023. The allotment for Oriana Power IPO was finalized on Aug 8, 2023. The shares got listed on the NSE SME on Aug 11, 2023.
Oriana Power IPO is set final issue price at ₹118 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,41,600 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,83,200.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to Oriana Power IPO RHP for detailed Information.
IPO Open
Tue, Aug 1, 2023
IPO Close
Thu, Aug 3, 2023
Issue Price
₹118 per share
Market Cap (Pre-IPO)
₹226.36 Cr
| IPO Date | 1 to 3 Aug, 2023 |
| Listed on | Fri, Aug 11, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹115 to ₹118 |
| Issue Price | ₹118 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 50,55,600 shares (agg. up to ₹60 Cr) |
| Reserved for Market Maker | 2,55,600 shares Share India Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 48,00,000 shares (agg. up to ₹57 Cr) |
| Net Offered to Public | 48,00,000 shares (agg. up to ₹57 Cr) |
| Share Holding Pre Issue | 1,41,27,000 shares |
| Share Holding Post Issue | 1,91,82,600 shares |
| NSE Symbol | ORIANA |
| ISIN | INE0OUT01019 |
Oriana Power IPO comprises a total issue size of 50,55,600 shares. The net offer to the public is 48,00,000 shares, after excluding 2,55,600 shares allotted on a firm basis. Of the Net offer 24,00,000 (50.00%) are allocated to QIB, 7,20,000 (15.00%) allocated to NII 16,80,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 24,00,000 | 50.00% | 47.47% |
| − Anchor Investor Shares Offered | 14,40,000 | 28.48% | |
| − QIB (Ex. Anchor) Shares Offered | 9,60,000 | 18.99% | |
| NII (HNI) Shares Offered | 7,20,000 | 15.00% | 14.24% |
| Retail Shares Offered | 16,80,000 | 35.00% | 33.23% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,55,600 | 5.06% | |
| Total Shares Offered | 50,55,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,41,600 |
| Retail (Max) | 1 | 1,200 | ₹1,41,600 |
| HNI (Min) | 2 | 2,400 | ₹2,83,200 |
Oriana Power IPO raises ₹16.99 crore from anchor investors. Oriana Power IPO Anchor bid date is July 31, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 31, 2023 |
| Shares Offered | 14,40,000 |
| Anchor Portion (₹ Cr.) | 16.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Sep 7, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Nov 6, 2023 |
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:
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 78.00 | 55.73 | 29.65 |
| Total Income | 133.95 | 101.47 | 33.77 |
| Profit After Tax | 12.69 | 6.96 | 2.82 |
| NET Worth | 36.22 | 17.76 | 7.71 |
| Reserves and Surplus | 29.51 | 11.60 | 4.64 |
| Total Borrowing | 14.89 | 7.69 | 0.75 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of working capital requirements | 0.23 |
| 2 | Investment in subsidiary companies | 0.20 |
| 3 | Capital expenditure on infrastructure & technology for expansion | 0.02 |
| 4 | General corporate expenses |
| KPI | Mar 31, 2023 |
|---|---|
| RoNW | 34.10 |
| PAT Margin | 9.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 20.85 | |
| P/E (x) | 20.7 | |
| Promoter Holding | 83.40% | 61.41% |
| Market Cap | ₹226.36 Cr. |
The Oriana Power IPO is subscribed 176.58 times on August 3, 2023 7:29:00 PM (Day 3). The public issue subscribed 204.04 times in the retail category, 72.16 times in the QIB category, and 251.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 72.16 | 9,60,000 | 6,92,72,400 |
| NII* | 251.74 | 7,20,000 | 18,12,49,200 |
| Retail | 204.04 | 16,80,000 | 34,27,81,200 |
| Total | 176.58 | 33,60,000 | 59,33,02,800 |
Total Application : 2,85,651
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees, Advisors andcommissions(includinganyunderwritingcommission,brokerageandselling commission) | |
| 2 | Advertising and marketing expenses | |
| 3 | Fees payable to Registrar to the Issue | |
| 4 | Brokerage and selling commission payable to SCSBs,Registered Brokers, RTAs and CDPs, as applicable | |
| 5 | Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAsor CDPs | |
| 6 | Printing and distribution of issue stationery | |
| 7 | Others: Listing fees, NSE Processing, Book Building software fees, Other regulatory expenses, Fees payable to legal counsel, Miscellaneous |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹118.00 |
| Open | ₹302.00 |
| Low | ₹286.90 |
| High | ₹317.10 |
| Last Trade | ₹317.10 |
Lead Manager Reports
Oriana Power IPO is a SME IPO of 50,55,600 equity shares of the face value of ₹10 aggregating up to ₹60 Crores. The issue is priced at ₹118 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Aug 1, 2023, and closes on Thu, Aug 3, 2023.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Oriana Power IPO using UPI as a payment gateway. Zerodha customers can apply in Oriana Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Oriana Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Oriana Power IPO opens on Tue, Aug 1, 2023 and closes on Thu, Aug 3, 2023.
Oriana Power IPO lot size is 1200, and the minimum amount required for application is ₹1,41,600.
You can apply in 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 don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Oriana Power IPO will be done on Tuesday, August 8, 2023, and the allotted shares will be credited to your demat account by Thu, Aug 10, 2023. Check the Oriana Power IPO allotment status.
The Oriana Power IPO listing date is on Fri, Aug 11, 2023.
