Incorporated in 2013, Oriana Power Limited provides solar energy solutions. They offer their services to industrial and commercial customers. Their vision is to offer high-quality solar energy solutions such that individuals and organizations can use sustainable and renewable energy sources for a better future.
Oriana Power offers low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems and off-site solar farms i.e. Open access.
Oriana Power Limited’s operations can be divided into the following:
- Capital Expenditure (CAPEX): This involves Engineering, Procurement, construction, and operation of solar projects
- Renewable Energy Service Company (RESCO): In this model, they provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis.
Oriana Power IPO Details
| IPO Date | Aug 1, 2023 to Aug 3, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹115 to ₹118 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,055,600 shares (aggregating up to ₹59.66 Cr) |
| Fresh Issue | 5,055,600 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,127,000 |
| Share holding post issue | 19,182,600 |
| Market Maker portion | 255,600 shares Share India Securities |
Oriana Power IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
Oriana Power IPO Timetable (Tentative)
Oriana Power IPO opens on Aug 1, 2023, and closes on Aug 3, 2023.
| IPO Open Date | Tuesday, 1 August 2023 |
| IPO Close Date | Thursday, 3 August 2023 |
| Basis of Allotment | Tuesday, 8 August 2023 |
| Initiation of Refunds | Wednesday, 9 August 2023 |
| Credit of Shares to Demat | Thursday, 10 August 2023 |
| Listing Date | Friday, 11 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 3, 2023 |
Oriana Power IPO Lot Size
The Oriana Power IPO lot size is 1200 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹141,600 |
| Retail (Max) | 1 | 1200 | ₹141,600 |
| HNI (Min) | 2 | 2,400 | ₹283,200 |
| Lot Size Calculator |
Oriana Power IPO Promoter Holding
Mr. Anirudh Saraswat, Mr. Rupal Gupta and Parveen Kumar are the Promoters of the Company.
| Pre Issue Share Holding | 83.40% |
| Post Issue Share Holding | 61.41% |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 2,964.83 | 3,376.98 | 282.38 | 771.29 | 464.29 | 75.23 |
| 31-Mar-22 | 5,572.69 | 10,146.86 | 695.53 | 1,775.82 | 1,159.82 | 769.07 |
| 31-Mar-23 | 7,799.99 | 13,395.37 | 1,268.52 | 3,621.84 | 2,950.84 | 1,489.19 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 1.97 |
| ROCE | 46% |
| Debt/Equity | 0.41 |
| EPS (Rs) | 17.5 |
| RoNW | 34.10% |
Check Oriana Power IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the net proceeds for 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 Prospectus
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/
Company Contact Information
Oriana Power IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php