Oriana Power IPO Date, Review, Price, Allotment, Analysis

Vijay Prajapati
August 11, 2023

Vijay Prajapati

Oriana Power IPO Details: Oriana Power IPO date is fixed, The IPO will open on August 1 and will close on August 3. Oriana Power is an NSE SME IPO to raise ₹59.66 crores via IPO. The Oriana Power IPO price band is fixed at ₹115 to ₹118 with a market lot of 1200 shares.

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).

Under the CAPEX model, company offer Engineering, Procurement, construction, and operation of solar projects. In this model, customer invest in the Capital Expenditure at 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 we have delivered projects with a capacity exceeding 100 MWp across various locations across India and Kenya (Africa) till date since commencement of our business activity in this area of service i.e. June 2017.

Under the RESCO model, they operate through our 17 (seventeen subsidiaries). Their subsidiaries provide solar energy solutions on a BOOT model basis, allowing our customers to enjoy the benefits of solar energy without the upfront investment. All the Investment, Commissioning and maintenance are done at our end and in lieu of that their company sells power to the end consumer through a Power Purchase agreement generally agreed for 25 years. This Business gives us Annuity income post recovery of Initial investment. Currently, they have a diverse portfolio of operational and under-construction projects with a capacity exceeding 35 MWp across various locations in India, including Rajasthan, Delhi, Haryana, Goa, Punjab, Gujarat, Karnataka, Andhra Pradesh, Odisha, and more. Additionally, we have expanded our global presence in Kenya, Africa.

Objects of the Issue:

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 Review

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Oriana Power IPO Date & Price Band Details

IPO Open:	August 1, 2023
IPO Close:	August 3, 2023
IPO Size:	Approx ₹59.66 Crores, 50,55,600 Equity Shares
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹115 to ₹118 Per Equity Share
IPO Listing on:	NSE SME
Retail Quota:	35% of the net offer
QIB Quota:	50% of the net offer
NII Quota:	15% of the net offer
DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here
Anchor Investors in IPO:	Click Here

Oriana Power IPO Market Lot

The Oriana Power IPO minimum market lot is 1200 shares with a ₹141,600 application amount.

Application	Lot Size	Shares	Amount
Retail Minimum	1	1200	₹141,600
Retail Maximum	1	1200	₹141,600
S-HNI Minimum	2	2400	₹283,200

Oriana Power IPO Dates

The Oriana Power IPO date is August 1 and the IPO close date is August 3. The IPO allotment date is August 8 and the IPO might list on August 11.

IPO Open Date:	August 1, 2023
IPO Close Date:	August 3, 2023
Basis of Allotment:	August 8, 2023
Refunds:	August 9, 2023
Credit to Demat Account:	August 10, 2023
IPO Listing Date:	August 11, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Oriana Power IPO Form

How to apply Oriana Power IPO? You can apply Oriana Power IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Oriana Power IPO in the Invest section. The other option you can apply Oriana Power IPO via IPO forms download via the NSE website. Check out the Oriana Power forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

Oriana Power Company Financial Report

₹ in Crores
Year	Revenue	Expense	PAT
2020	₹-	₹-	₹-
2021	₹33.77	₹29.96	₹2.82
2022	₹101.47	₹92.14	₹6.96
2023	₹133.95	₹116.32	₹12.69

Oriana Power IPO Valuation – FY2023

Check Oriana Power IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹17.50 per Equity Share
Price/Earning P/E Ratio:	NA
Return on Net Worth (RoNW):	34.10%
Net Asset Value (NAV):	₹47.74 per Equity Share

Peer Group

KPI Green Energy Limited
Gensol Engineering Limited

Company Promoters

Mr. Anirudh Saraswa
Mr. Rupal Gupta
Mr. Parveen Kumar

Oriana Power IPO Registrar

Skyline Financial Services Pvt Ltd
Phone: +91- 11-40450193-97;
E-mail: ipo@skylinerta.com
Website: http://www.skylinerta.com/

Oriana Power IPO Allotment Status

Check Oriana Power IPO allotment status on Skyline Financial website URL. Click Here

Oriana Power IPO Lead Managers aka Merchant Bankers

Corporate Capital Ventures Pvt. Ltd.

Company Address

Flat No. 412A, Building No. 43, Chiranjiv Tower,
Nehru Place,South Delhi,
Delhi-110019
Phone: (+91) 120 – 4114695
Email: cs@orianapower.com
Website: investordesk@orianapower.com

Oriana Power IPO FAQs

What is Oriana Power IPO?

Oriana Power IPO is an NSE SME IPO. They are going to raise ₹59.66 Crores via IPO. The issue is priced at ₹115 to ₹118 per equity share. The IPO is to be listed on NSE.

When Oriana Power IPO will open?

The IPO is to open on August 1, 2023 for QIB, NII, and Retail Investors.

What is Oriana Power IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the 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 Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Oriana Power”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Oriana Power IPO through Upstox?

Log in to Upstox 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 Upstox.

How to Apply the Oriana Power IPO through Paytm Money?

Log in to Paytm Money 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 Paytm Money.

What is Oriana Power IPO Size?

Oriana Power IPO size is ₹59.66 crores.

What is Oriana Power IPO Price Band?

Oriana Power IPO Price Band is ₹115 to ₹118 per equity share.

What is Oriana Power IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹141,600.

What is Oriana Power IPO Allotment Date?

Oriana Power IPO allotment date is August 8, 2023.

What is Oriana Power IPO Listing Date?

Oriana Power IPO listing date is August 11, 2023. The IPO to list on NSE SME.

Note: The Oriana Power IPO details are announced officially. The IPO grey market premium (Oriana Power IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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