Oriana Power IPO: Oriana Power Private Limited IPO Opens August 01, 2023, closes, August 03, 2023.
The Indian Govt. is making efforts in supporting farms, homes, industrial, and commercial houses with zero carbon print, and renewable energies.
In this move, the government is encouraging companies to build a robust infrastructure, and sustainability to serve the nation at the developmental front.
Oriana Power Limited Services is one such company that wants public funding to increase its capital base and fulfill its set goals.
The article defines the objectives of IPO, IPO event calendar, and financial conditions of the past 3 consecutive years, and comparative with their peers.
By going through the article you can get a complete picture of the IPO and hence can serve as a proper source before deciding whether to buy IPO shares.
Oriana Power IPO Date, Price, GMP & IPO Analysis
Oriana Power Limited was established in 2013, and they are expertise in solar energy solutions. These business solutions are extended to customers belonging to the fields of industries, and commercial.
To say in detail, the company concentrates on low-carbon energy solutions, which are installed in the form of on-site solar projects, rooftop, off-site solar farms, and ground-mounted systems.
Vision:
To offer high-quality solar energy solutions, to their clients, could be individuals or organizations in a way they are able to utilize the best renewable energy sources. And are able to attain higher sustainability in their operations thus resulting in providing a better future to the beneficiaries.
Oriana Power Limited: Operations
The company’s operations can be defined into two segments:
The first segment takes account of capital expenditure, and CAPEX, it covers engineering, construction, solar projects, & procurement.
Capital Investment Layout on IPO Market Capitalisation
After the declaration of the IPO listing, the company shall invest in the working capital, to meet the expenses such as inventory, salaries, utilities, rent, etc.
The capital shall be invested in subsidiary companies, in sub-units like technology, equipment, and infrastructure. Further, make the needful investment towards the growth and expansion of the business.
Promoters/Issue Size Details
Oriana Power Limited is powered by three promoters, namely, Mr. Anirudh Saraswat, Parveen Kumar, and Rupal Gupta and collectively they hold pre-issue shares at 83.40% and the post-issue shareholding shall be 61.41%.
The company plans to issue 5,055,600 shares through the IPO process and which will aggregate to ₹59.66 Cr and the type of issue is book-built issue IPO.
Oriana Power IPO Timetable (Tentative)
Event: Timetable
Before the listing of the public offer issue at the National Stock Exchange, NSE, it will be processed in a step-by-step manner.
The various stages can be registered as IPO (Open/Close date) (Tuesday, 1 August 2023/Thursday, 3, August 2023), and the cutoff time for the UPI mandate confirmation is 5 PM.
After that, the basis of allotment shall be conducted on Tuesday, 8 August 2023, and if the IPO is over scripted then the allotted subscribers shall receive refunds from Wednesday, 09 August 2023 onwards, and if you are registered in the allotment list, then the allotted shares shall be credited to your Demat account on Thursday, 10 August 2023.
National Stock Exchange shall list the IPO price on Friday, 11 August 2023.
SME Listing @NSE/IPO Reservation
Currently, the company holds shares of 14,127,000 and it is expected to rise to 19,182,600 after the post-issue, moreover, the market maker shall hold shares worth 255,600.
The company IPO offers shares of specific value and those shares are reserved for various segments such as QIB, NII(HNI), and Retail Shares. From the net issue, QIB’s share worth doesn’t cross over 50 percent. While NH(HNI) are offered with shares not less than 15% and retailers are offered with shares not less than 35%.
Oriana Power Limited Company Financials for 3 Consecutive Years
| Financial Year End | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserve & Surplus | Total Borrowing |
| (3/31/2021) | 2,964.83 | 3,376.98 | 282.38 | 771.29 | 464.29 | 75.23 |
| (3/31/2022) | 5,572.69 | 10,146.86 | 695.53 | 1,775.82 | 1,159.82 | 769.07 |
| (3/31/2023) | 7,799.99 | 13,395.37 | 1,268.52 | 3,621.84 | 2,950.84 | 1,489.19 |
Oriana Power Limited Performance: A Contrast Comparison with Peers.
Oriana Power Limited is one of the leading solar energy generation and low carbon emission energy producers that can be installed at various locations such as rooftops, solar farms, floor-mounted systems, etc.
You can find companies like KPI Green Energy Limited, and Gensol Engineering Limited in a similar market environment and they tend to be competitors to Oriana.
Below you can find the comparison among them in the following parameters such as EPS Basic, EPS Diluted, NAV(per share)(Rs), P/E(x), and RoNW(%). The figures stated below are the consolidation as on 31.03.2023.
| Company Name | EPS ( Rs) | EPS Diluted | NAV ( Per Share) | P/E ( X) | RoNW % |
| Oriana Power Limited | 17.5 | 17.5 | 47.74 | 34.1 | |
| KPI Green Energy Limited | 30.33 | 30.33 | 71.38 | 13.77 | 21.25 |
| Gensol Engineering Limited | 21.5 | 21.5 | 171.82 | 51.71 | 11.89 |
Oriana Power Limited: Public Offer Details
Oriana Power shall open to the public through public issues on August 01, 2023, and close on Aug 3, 2023, tentatively. The company issues an initial public offer, IPO, and per share price is labeled at a bandwidth ₹115 – ₹118, and the face value of each share is ₹10.
The company plans to release an initial public offer size of ₹58.14 – 59.66 Cr. You can apply for shares in lots and each lot size shall be 1200.
Oriana Power Limited: Corporate Communications
You can seek support from the company’s assistance cell and they are available over various channels such as (phone: +91- 78718 03330)/(email:cs@orianapower.com/)(website: https://orianapower.com). Or you can approach to get your queries sorted out @ Oriana Power Limited, Flat No. 412A, Building No: 43, Chiranjiv Tower, Nehru Place, New Delhi ( 110019).
Oriana Power Limited IPO Registrar:
Oriana Power Limited has hired Skyline Financial Services Private Ltd as their IPO Registrar and they are reachable over these channels such as Phone:02228511022// email:ipo@skylinerta.com//website: https://www.skylinerat.com/ipo.php.