Oriana Power Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

01 Aug 2023

Close Date

03 Aug 2023

Allotment

08 Aug 2023

Listing Date

11 Aug 2023

Exchange

NSE SME

Price Band

₹118

Listing Price

See chart

Allotment Status

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Price Band

₹118

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

50,55,600 shares (aggregating up to ₹59.66 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹141,600

1 lot

Pre-IPO Holding

1,41,27,000 shares

Promoters

Post-IPO Holding

1,91,82,600 shares

Promoters

P/E (Pre)

20.7x

EPS (Pre)

₹20.85

UPI Deadline

2023-08-03

Mandate

Anchor AllotmentMon, 31 Jul 2023

Basis of AllotmentTue, 08 Aug 2023

Refund InitiationWed, 09 Aug 2023

Demat CreditThu, 10 Aug 2023

Listing DayFri, 11 Aug 2023

UPI Mandate Deadline2023-08-03

Sale TypeFresh Capital

Net Offer to Public48,00,000 shares (aggregating up to ₹56.64 Cr)

Market Maker Quota2,55,600 shares (aggregating up to ₹3.02 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Oriana Power Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Aug 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	255,600	—	₹3.02
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,055,600	100%	₹59.66

IPO Shares Offered

Oriana Power Ltd IPO total issue size: ₹59.66 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	255,600	₹3.02	5.06%
Total	5,055,600	₹59.66	100.00%

* Based on upper price band ₹118 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹118.00

Upper Band

Min Investment

₹141,600

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹283,200
Retail (Max — 13 Lots)	13	15,600	₹1,840,800
S-HNI (Min — 14 Lots)	14	16,800	₹1,982,400
B-HNI (Min — 68 Lots)	68	81,600	₹9,628,800

* Issue Price ₹118 × Lot Size 1,200 shares

IPO Schedule

Anchor

31 Jul 2023

✓ Done

IPO Open

01 Aug 2023

✓ Done

IPO Close

03 Aug 2023

✓ Done

Allotment

08 Aug 2023

✓ Done

Refunds

09 Aug 2023

✓ Done

Demat Credit

10 Aug 2023

✓ Done

Listing Day

11 Aug 2023

✓ Done

₹118.00

INR · NSE

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Issue ₹118.00 Live Price

About Oriana Power Ltd

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 projectsRenewable Energy Service Company (RESCO): In this model, they provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis.

Objects of the Issue

Funding of working capital requirements

Investment in subsidiary companies

Capital expenditure on infrastructure & technology for expansion

General corporate expenses

Oriana Power Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹3,377.0

31-Mar-21

₹10,146.9

31-Mar-22

₹13,395.4

31-Mar-23

Profit After Tax (PAT)

₹282.4

31-Mar-21

₹695.5

31-Mar-22

₹1,268.5

31-Mar-23

Particulars	31-Mar-23	31-Mar-22	31-Mar-21
Revenue from Operations	13395.37	10146.86	3376.98
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	1268.52	695.53	282.38
Net Worth	3621.84	1775.82	771.29
Total Assets	7799.99	5572.69	2964.83
Reserves & Surplus	2950.84	1159.82	464.29
Borrowings	1489.19	769.07	75.23
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

1.97

RoCE

46%

RoNW

35.36%

Debt/Equity

0.41

Issue Structure & Shareholding

Total Shares Offered50,55,600 (100.00%)

Net Offer to Public48,00,000 shares (aggregating up to ₹56.64 Cr)

Reserved for Market Maker2,55,600 shares (aggregating up to ₹3.02 Cr)

Pre-Issue Promoter Holding1,41,27,000 shares

Post-Issue Promoter Holding1,91,82,600 shares

P/BV RatioN/A

RoE1.97

RoCE46%

Debt / Equity0.41

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Corporate Capitalventures Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Oriana Power Ltd IPO subscribed? ▲

Oriana Power Ltd IPO is subscribed 1.00 times by Aug 03, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Oriana Power Ltd IPO retail subscription status? ▼

The Oriana Power Ltd IPO retail category is subscribed 1.00 times as of 03 Aug 2023. The retail portion is oversubscribed.

How to subscribe Oriana Power Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 01 Aug 2023 and closes 03 Aug 2023. Min investment: ₹141,600 (1 lot = 1,200 shares). UPI mandate: 2023-08-03.

How many times Oriana Power Ltd IPO subscribed? ▼

The Oriana Power Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Oriana Power Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 08 Aug 2023. Refunds: on 09 Aug 2023.

When Oriana Power Ltd IPO will be listed? ▼

The Oriana Power Ltd IPO listing date is 11 Aug 2023, Friday. Listed on: NSE SME. Issue price: ₹118. Estimated listing: ₹118. GMP: NIL.

When Oriana Power Ltd IPO close? ▼

The Oriana Power Ltd IPO closes on 03 Aug 2023, Thursday. UPI mandate: 2023-08-03. Allotment: 08 Aug 2023. Listing: 11 Aug 2023.

Quick Actions

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Live Price LIVE

Last Price₹118.00

Change—

Issue Price₹118.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹118

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹141,600

GMPNIL

Est. Listing₹118

Subscribed1.00x

Open Date01 Aug 2023

Close Date03 Aug 2023

Allotment08 Aug 2023

Listing Date11 Aug 2023

ExchangeNSE SME

UPI Deadline2023-08-03