Oriana Power IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 01, 2023Let’s have a detailed review of the company and analytics of the Oriana Power IPO release date, IPO offer price, subscription, Oriana Power Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 115 to Rs 118 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | 11 August 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 5,966 Lakh |
| IPO Size | Rs 5,966 Lakh |
| Tick Size | 1 |
Oriana Power IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Oriana Power Share Price |
Oriana Power IPO – Summary
Oriana Power is a company that specializes in providing solar energy solutions to industrial and commercial customers. They offer low-carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farms i.e.
Open access. Their business operations are primarily divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO).
The Promoter of this company is MR. ANIRUDH SARASWAT, MR. RUPAL GUPTA AND MR. PARVEEN KUMAR. The lead manager of the issue is CORPORATE CAPITALVENTURES PRIVATE LIMITED, and the Registrar of this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Oriana Power IPO Date
The opening and closing dates of Oriana Power IPO are 1 August 2023 and 3 August 2023 respectively.
Oriana Power IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 1st Aug | 0.21x | 8.13x | 22.92x | 13.26x |
| 2nd Day – 2nd Aug | ||||
| 3rd Day – 3rd Aug | ||||
| Shares Offered or Net Issue | 960,000 | 720,000 | 1,680,000 | 5,055,600 |
The shares subscribed by the public will be updated here.
Oriana Power IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Oriana Power Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 8 August 2023 |
| Refunds Initiation | 9 August 2023 |
| Credit of Shares to Demat Account | 10 August 2023 |
| Share Listing Date | 11 August 2023 |
Oriana Power IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.5,966
Oriana Power IPO Equity Size
This Initial Public Issue of 5,055,600 Equity Shares of Rs.10 each for cash at a price of Rs 115 to Rs 118 per equity share aggregating to Rs.5,966 Lakh.
Oriana Power IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,055,600 Equity Shares of Rs.10/ each.
Issue Size: 5,055,600 Equity Shares of Rs.10 each, aggregating to Rs.5,966 Lakh
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Oriana Power IPO – Live Performance
The listing date of this IPO is 11 August 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Oriana Power Share Price |
Oriana Power IPO Grey Market Premium
The Oriana Power Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Oriana Power IPO – Company Overview
Under the CAPEX model, they offer Engineering, Procurement, construction, and operation of solar projects. In this model, customers invest in the Capital Expenditure on their own and Oriana does Engineering, Procurement, Construction, and Operation on behalf of the client.
This model may be executed in various manners such as rooftop and ground-mounted systems, as well as off-site solar farms. Under CAPEX Model they have delivered projects with a capacity exceeding 100 MWp across various locations across India to date since the commencement of their business activity in this area of service i.e. June 2017.
Their commitment to innovation and development is reflected in their expansion of services to include floating solar installations in 2019. At Oriana, they are committed to continuous growth and exploration of new opportunities. In 2019, they expanded their service portfolio viz, floating solar installations.
Oriana Power IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 7,799.99 | 5,572.69 | 2,964.83 |
| *Total Revenue | 13,395.37 | 10,146.86 | 3,376.98 |
| Total Expense | 11,631.82 | 9,213.85 | 2,995.75 |
| Profit After Tax | 1,268.52 | 695.53 | 282.38 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 20.31 | 22.59 | 74.82 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 1,268.52 Lakh, Rs. 695.53 Lakh and Rs. 282.38 Lakh respectively.
Oriana Power IPO – Promoters
The Promoter of this company is:
- MR. ANIRUDH SARASWAT
- MR. RUPAL GUPTA
- MR. PARVEEN KUMAR
List of Related Parties (Key Managerial Personnel)
- Rupal Gupta, Managing Director
- Anirudh Saraswat, Director
- Parveen Kumar, Independent Director
- Dhawal Chhaganlal Gadda, Independent Director
- Sankara Sastry Oruganti, Independent Director
Oriana Power IPO – Promoters Holding
- Pre-Issue Share Holding – 83.40%
- Post-Issue Share Holding – 61.41%
Oriana Power IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 50,55,600 Equity Shares aggregating up to Rs.5,966 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,55,600 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 48,00,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 16,80,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 7,20,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,41,27,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,91,82,600 Equity Shares |
Oriana Power IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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 – Business Strategy
- Enhance customer base by entering new geographies
- Leveraging their Market Skills and Relationships
- Focus on quality
- To build up a professional organization
Oriana Power IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Comprehensive end-to-end EPC solutions provider with a global execution track record.
- Strong relationships with customers and other key stakeholders.
- Well-equipped with advanced technology
- Experienced Promoters and Technically Sound Operation Team
- Track record of growth and profitability
- Long term relationship with clients and repeat business
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 17.50 | 34.10 | 47.74 |
| 31-Mar-22 | 22.60 | 45.28 | 24.88 |
| Mar-21 | 27.40 | 19.31 | 17.19 |
Oriana Power IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Oriana Power Limited | 10 | [●] | 17.50 | 34.10 | 13,730.17 |
| Listed Peers | |||||
| KPI Green Energy Limited | 10 | 13.77 | 30.33 | 21.25 | 64,703.47 |
| Gensol Engineering Limited | 10 | 51.71 | 21.50 | 11.89 | 39,735 |
Oriana Power IPO Lead Managers
| Lead Managers |
| CORPORATE CAPITALVENTURES PRIVATE LIMITED B1/E13, First Floor, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi – 110044, Tel: +91 11 – 41824066; Email: smeipo@ccvindia.com Investor Grievances Email Id- investor@ccvindia.com Website: www.ccvindia.com SEBI Registration: INM000012276 Contact Person: Mrs Harpreet Parashar |
Oriana Power IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153 A, 1st Floor, Okhla Industrial Area, Phase- I, New Delhi- 110020 Tel No.: +91 -11 – 40450193-197; Fax No.: +91 – 11- 26812683 E-mail: ipo@skylinerta.com Investor Grievances Email id- grievances@skylinerta.com Website: www.skylinerta.com SEBI Registration No.: INR000003241 Contact Person: Mr Anuj Rana |
Oriana Power IPO – Other Details
- Statutory Auditor – M/s JVA & Associates, Chartered Accountants
- Legal Counsel to the Company – Adv. R P Singh
- Bankers to the Company – YES Bank Limited
Oriana Power IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Oriana Power Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Oriana Power IPO Review FAQs
Check out various FAQs related to Oriana Power IPO:
What is the Issue Size of Oriana Power IPO?
The Company is making an initial public offer of 5,055,600 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Oriana Power IPO?
The price band for this particular IPO ranges between Rs 115 to Rs 118. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Oriana Power IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 1 August 2023, while the closing date is set at 3 August 2023.
What is the Oriana Power IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 8 August 2023, refund initiation is on 9 August 2023, credit of shares is on 10 August 2023, and share listing date is on 11 August 2023.
What is the Oriana Power IPO Listing Date?
Shares of this company shall be listed in the exchanges on 11 August 2023. The date, when the listing would be done, is stagnant on 11 August 2023.
Who is the Registrar of Oriana Power IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Oriana Power IPO?
Here are the promoters of this IPO – MR. ANIRUDH SARASWAT, MR. RUPAL GUPTA AND MR. PARVEEN KUMAR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Oriana Power IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Oriana Power IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Oriana Power Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 1,268.52, 2022 is 695.53, and 2021 is 282.38.
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