Oriana Power Limited is a specializes in providing solar energy solutions to industrial and commercial customers. The company 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.
Oriana Power business operations are primarily divided into two segments:
- Capital Expenditure (CAPEX)
- Renewable Energy Service Company (RESCO)
Under the CAPEX model, the company offer Engineering, Procurement, construction, and operation of solar projects.
Under the RESCO model, the company operate through its 17 (seventeen subsidiaries). Oriana Power subsidiaries provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis, allowing our customers to enjoy the benefits of solar energy without the upfront investment.
Oriana Power IPO – Details
| IPO Opening Date | 01 August 2023 |
| IPO Closing Date | 03 August 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 50,55,600 Shares Worth ₹59.66 Crore Fresh Issue: 50,55,600 Shares Worth ₹59.66 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹115 – ₹118 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Oriana Power IPO – Date Schedule
| IPO Open Date | 1 August 2023 |
| IPO Close Date | 3 August 2023 |
| Basis of Allotment | August 2023 |
| Initiation of Refund | August 2023 |
| Credit of Shares to Demat Account | August 2023 |
| IPO Listing Date | August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 03, 2023 |
Oriana Power IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,41,600 |
| Retail (Maximum) | 1 | 1200 | 1,41,600 |
| HNI (Minimum) | 2 | 2400 | 2,83,200 |
Competitive Strengths
- Comprehensive end-to-end EPC solutions provider with a global execution track record.
- Strong relationship with customers and other key stakeholders.
- Well equipped with advance technology.
- Experienced Promoters and Technically Sound Operation Team.
- Track record of growth and profitability.
- Long term relationship with clients and repeat business.
Company Promoters
- Mr. Anirudh Saraswat
- Mr. Rupal Gupta
- Parveen Kumar
Object Of The Issue
- Working Capital Requirements of the Company.
- Investment in Subsidiaries Company.
- Capital expenditure on infrastructure & technology for expansion.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2021 | 33.76 | 29.95 | 2.82 |
| 31 March 2022 | 101.46 | 92.13 | 6.95 |
| 31 March 2023 | 133.95 | 116.31 | 12.68 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 20.7 |
| Market Cap (₹ Cr.) | 226.36 |
| ROE | 1.97 |
| ROCE | 46 |
| Debt/Equity | 0.41 |
| EPS (Rs) | 17.5 |
| RoNW | 34.10 |
Oriana Power IPO Promoter Holding
| Pre Issue Share Holding | 83.40% |
| Post Issue Share Holding | 61.41% |
Oriana Power IPO Prospectus
Company Contact Information
| Oriana Power Limited Flat No. 412A, Building No. 43, Chiranjiv Tower, Nehru Place, New Delhi – 110019 Phone: +91 – 78178 03330 Email: cs@orianapower.com Website: https://orianapower.com/ |
Oriana Power IPO Registrar
| Skyline Financial Services Private Limited Phone: +91- 11-40450193-97 Email: ipo@skylinerta.com Website: http://www.skylinerta.com/ |
Oriana Power IPO Lead Manager(s)
| 1. Corporate Capital Ventures Private Limited |
Oriana Power IPO FAQs
| What is Oriana Power IPO? Oriana Power IPO is a SME IPO. The issue is priced at ₹115 – ₹118 per equity share. The IPO is to be listed on NSE SME. |
| When Oriana Power IPO will open? The IPO is to open on 01 August 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Oriana Power IPO? You can apply Oriana Power IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Oriana Power IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Oriana Power”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Oriana Power IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Oriana Power”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Oriana Power IPO Size? Oriana Power IPO size is ₹[] crores. |
| What is Oriana Power IPO Price Band? Oriana Power IPO Price Band is ₹115 – ₹118. |
| What is Oriana Power IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,41,600 amount while the maximum bid is 1200 shares with ₹1,41,600. |
| What is the Oriana Power IPO Allotment Date? Oriana Power IPO allotment date is August 2023. |
| What is the Oriana Power IPO Listing Date? Oriana Power IPO listing date is August 2023. The IPO is to list on NSE SME. |
