Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 NSE SME on Aug 11, 2023.
Oriana Power IPO price band is set at ₹118.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,38,000 (1200 shares). The minimum lot size investment for 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 Date | August 1, 2023 to August 3, 2023 |
| Listing Date | August 11, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹115 to ₹118 per share |
| Issue Price Final | ₹118 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,55,600 shares (aggregating up to ₹59.66 Cr) |
| Reserved for Market Maker | 2,55,600 shares Share India Securities Ltd. (aggregating up to ₹3.02 Cr) |
| Net Offered to Public | 48,00,000 shares (aggregating up to ₹56.64 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,41,27,000 shares |
| Share Holding Post Issue | 1,91,82,600 shares |
Oriana Power IPO offers total 50,55,600 shares. Out of which 24,00,000 (47.47%) allocated to QIB, 9,60,000 (18.99%) allocated to QIB, 7,20,000 (14.24%) allocated to NII, 16,80,000 (33.23%) allocated to RII and 14,40,000 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,55,600 (5.06%) |
| QIB Shares Offered | 24,00,000 (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 (14.24%) |
| Retail Shares Offered | 16,80,000 (33.23%) |
| Total Shares Offered | 50,55,600 (100.00%) |
Oriana Power IPO raises ₹16.99 crore from anchor investors. Oriana Power IPO Anchor bid date is July 31, 2023. Oriana Power IPO Anchor Investors list
| Bid Date | July 31, 2023 |
| Shares Offered | 14,40,000 |
| Anchor Portion Size (In Cr.) | 16.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 7, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 6, 2023 |
Oriana Power IPO opens on August 1, 2023, and closes on August 3, 2023.
| IPO Open Date | Tue, Aug 1, 2023 |
| IPO Close Date | Thu, Aug 3, 2023 |
| Tentative Allotment | Tue, Aug 8, 2023 |
| Initiation of Refunds | Wed, Aug 9, 2023 |
| Credit of Shares to Demat | Thu, Aug 10, 2023 |
| Tentative Listing Date | Fri, Aug 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 3, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 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 | ||||||
The market capitalization of Oriana Power IPO is ₹226.36 Cr.
| KPI | Values |
|---|---|
| ROE | 1.97 |
| ROCE | 46% |
| Debt/Equity | 0.41 |
| RoNW | 35.36% |
The company intends to utilize the net proceeds for the Following Objects:
[Dilip Davda] The company operates in a highly competitive segment with many old and new players around. Sudden boost in its bottom line for FY22 and FY23 raise eyebrows and concern over the sustainability going forward. Based on FY23 super earnings, the issue appears fully priced. Well-informed investors may consider parking funds with medium to long-term perspectives. Read detail review...
| Listing Date | August 11, 2023 |
| BSE Script Code | |
| NSE Symbol | ORIANA |
| ISIN | INE0OUT01019 |
| Final Issue Price | ₹118 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹118.00 |
| Open | ₹302.00 |
| Low | ₹286.90 |
| High | ₹317.10 |
| Last Trade | ₹317.10 |
Oriana Power Ltd.
Flat No. 412A, Building No. 43,
Chiranjiv Tower,
Nehru Place,
New Delhi, New Delhi, 110019
Phone: +91 – 78178 03330
Email: cs@orianapower.com
Website: https://orianapower.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Oriana Power IPO is a SME IPO of 50,55,600 equity shares of the face value of ₹10 aggregating up to ₹59.66 Crores. The issue is priced at ₹118 per share. The minimum order quantity is 1200.
The IPO opens on August 1, 2023, and closes on August 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 August 1, 2023 and closes on August 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 Thursday, August 10, 2023. Check the Oriana Power IPO allotment status.
The Oriana Power IPO listing date is on Friday, August 11, 2023.
Useful Articles
RHP