Oriana Power IPO Description – Incorporated in 2013, Oriana Power specializes in providing solar energy solutions to industrial and commercial customers. The company offers 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. Its business operations are primarily divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO).
Under the CAPEX model, Oriana undertakes 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 the CAPEX model, it has delivered projects with a capacity exceeding 100 MWp across various locations across India and Kenya (Africa).
Under the RESCO model, it operates through 17 subsidiaries. Its subsidiaries provide solar energy solutions on a BOOT (Build, Own, Operate, Transfer) model basis, allowing the customers to enjoy the benefits of solar energy without the upfront investment. Currently, it has a diverse portfolio of 88 operational and under-construction projects with a capacity exceeding 35 MWp across various locations in India.
The company’s continuous efforts for development and expansion can also be justified by the list of projects which are in hand or are in the pipeline of its execution, or where it has been duly empanelled, to name a few:
- Coal India Limited
- Solar Energy Corporation of India Limited
- Braithwaite & Co. Limited (Ministry of Railways)
- NnB Paper Products Private Limited
- Welspun India
- Mrs. Bector Food Specialties Limited
- Elgris Solar Power Limited
- Abrel Renewables EPC Limited
Promoters of Oriana Power – Mr. Anirudh Saraswat, Mr. Rupal Gupta, and Mr. Parveen Kumar
Table of Contents
Oriana Power IPO Details
| Oriana Power IPO Dates | 1 – 3 August 2023 |
| Oriana Power Issue Price | INR 115 – 118 per share |
| Fresh issue | 50,55,600 shares (INR 58.14 – 59.66 crore) |
| Offer For Sale | NIL |
| Total IPO size | 50,55,600 shares (INR 58.14 – 59.66 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 141,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Oriana Power Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 33.74 | 100.77 | 132.94 |
| Expenses | 29.96 | 92.14 | 116.32 |
| Net income | 2.82 | 6.96 | 12.69 |
Oriana Power Offer News
- Oriana Power RHP
- Oriana Power Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Oriana Power Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 27.40 | 22.60 | 17.50 |
| PE ratio | – | – | 6.57 – 6.74 |
| RONW (%) | 19.31 | 45.28 | 34.10 |
| NAV | 17.19 | 24.88 | 47.74 |
| ROCE (%) | 51.0 | 49.0 | 46.0 |
| EBITDA (%) | 10.28 | 12.43 | 14.47 |
| Debt/Equity | 0.10 | 0.43 | 0.41 |
Oriana Power IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 10 August 2023 | 110 | – | 100,000 |
| 9 August 2023 | 115 | – | 110,000 |
| 8 August 2023 | 110 | – | 105,000 |
| 7 August 2023 | 105 | – | 93,000 |
| 5 August 2023 | 105 | – | 93,000 |
| 4 August 2023 | 95 | – | 90,000 |
| 3 August 2023 | 100 | – | 100,000 |
| 2 August 2023 | 100 | – | 100,000 |
| 1 August 2023 | 100 | – | 97,000 |
| 31 July 2023 | 95 | – | 90,000 |
| 29 July 2023 | 95 | – | 80,000 |
| 28 July 2023 | 95 | – | – |
| 27 July 2023 | 90 | – | – |
| 26 July 2023 | 80 | – | – |
Oriana Power IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 960,000 | 975,600 | 1,680,000 | 3,615,600 |
| 3 Aug 2023 | 72.16 | 186.04 | 204.03 | 164.16 |
| 2 Aug 2023 | 3.78 | 17.75 | 67.64 | 37.22 |
| 1 Aug 2023 | 0.21 | 6.23 | 22.52 | 12.20 |
Oriana Power IPO Allotment Status
Oriana Power IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Oriana Power IPO Dates & Listing Performance
| IPO Opening Date | 1 August 2023 |
| IPO Closing Date | 3 August 2023 |
| Finalization of Basis of Allotment | 8 August 2023 |
| Initiation of refunds | 9 August 2023 |
| Transfer of shares to demat accounts | 10 August 2023 |
| IPO Listing Date | 11 August 2023 |
| Opening Price on NSE SME | INR 302 per share (up 155.93%) |
| Closing Price on NSE SME | INR 317.10 per share (up 168.73%) |
Oriana Power Offer Lead Manager
CORPORATE CAPITALVENTURES PRIVATE LIMITED
B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 – 41824066
Email:Â [email protected]
Website:Â www.ccvindia.com
Oriana Power Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1ST Floor, Okhla Industrial Area,
Phase- I, New Delhi- 110020
Phone: +91 -11 – 40450193-197
Email:Â [email protected]
Website:Â www.skylinerta.com
Oriana Power Contact Details
ORIANA POWER LIMITED
Flat No. 412A, Building No. 43,
Chiranjiv Tower, Nehru Place, New Delhi – 110019
Phone: +91 – 78178 03330
E-mail: [email protected]
Website: www.orianapower.com
IPO FAQs
What is the Oriana Power IPO offer size?
Oriana Power offer size is INR 58.14 – 59.66 crores.
What is the Oriana Power offer price band?
Oriana Power public offer price is INR 115 – 118 per share.
What is the lot size of Oriana Power public offer?
Oriana Power offer lot size is 1,200 shares.
What is Oriana Power IPO GMP today?
Oriana Power IPO GMP today is INR 100 per share.
What is the Oriana Power kostak rate today?
Oriana Power kostak rate today is INR NA per application.
What is Oriana Power Subject to Sauda rate today?
Oriana Power Subject to Sauda rate today is INR 100,000 per application.
