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
- Apply
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: [email protected]
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: [email protected]
Website: [email protected]
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