Oriana Power IPO: Dates, Issue Size, GMP, Financials

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Oriana Power Company Details

Oriana Power Limited, incorporated in 2013, provides solar energy solutions. They offer services to commercial and individual customers.

Their vision has always been to provide high-quality solar energy solutions for organizations and individuals using sustainable and renewable energy sources for a better future.

Oriana Power Limited’s Operations can be divided into the following categories: capital expenditure(CAPEX), which involves engineering, procurement, construction, and operation of solar projects.

Oriana Power IPO is set for open subscription on Tuesday, August 1, and the issue will conclude on August 3. The final allotment of shares is expected to be made by August 8th. The company’s shares are likely to be listed on August 11th on the NSE Emerge platform.


Objectives of Oriana Power IPO

The objectives of the issue are

  • Investment in subsidiary companies
  • Working capital requirement: this refers to the fund required to cover day-to-day expenses such as utility bills, rent, inventory, and other expenses.
  • Capital expenditure: this involves investments in equipment, technology, and infrastructure to support the growth and expansion of the business.

Oriana Power IPO Details

IPO DateAug 1, 2023 to Aug 3, 2023
Listing DateFriday, 11 August 2023
Face Value₹10 per share
Price₹115 to ₹118 per share
Lot Size1200 Shares
Total Issue Size5,055,600 shares
(aggregating up to ₹59.66 Cr)
Fresh Issue5,055,600 shares
(aggregating up to ₹59.66 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME

Oriana Power IPO Tentative Timetable

IPO Open DateTuesday, 1 August 2023
IPO Close DateThursday, 3 August 2023
Basis of AllotmentTuesday, 8 August 2023
Initiation of RefundsWednesday, 9 August 2023
Credit of Shares to DematThursday, 10 August 2023
Listing DateFriday, 11 August 2023
Must Read: Why Warren Buffett doesn't invest in IPOs? (He has 3 reasons)

Oriana Power IPO Reservation

At present, the promoter’s shareholding stake stands at 83.40 per cent. After the initial public offering, the stake in the company will be reduced to 61.40 per cent, as per DRHP.

50%  of the public offering has been reserved for qualified institutional buyers, 15% for non-institutional buyers, and the remaining 35% for retail investors.

Anchor Investor Shares Offered1,440,000 (28.48%)
Market Maker Shares Offered255,600 (5.06%)
QIB Shares Offered960,000 (18.99%)
NII (HNI) Shares Offered720,000 (14.24%)
Retail Shares Offered1,680,000 (33.23%)
Total Shares Offered5,055,600 (10

Oriana Power IPO Lot Size

Retail (Min)11200₹141,600
Retail (Max)11200₹141,600
HNI (Min)22,400₹283,200

Oriana Power Financials

Oriana Power Financials has reported consolidated revenue of Rs 137.71 crore for the year ended March 2023, a growth of 9.87 per cent compared to Rs 124.97 crore in the previous period.


The consolidated profit after tax soared to Rs 10.93 crore as against Rs 6.94 crore, rising 57.94 percent on the year.

The company recently introduced TrueRe as its corporate brand, highlighting the need to diversify into other renewable sources of energy beyond solar

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing

Oriana Power GMP

Ahead of the subscription opening, the shares of the company are commanding a premium of Rs 103 in the unlisted market, according to market sources.

Wrap Up on Oriana Power IPO

Oriana Power has already generated considerable buzz in the market since it has attracted well-known investors ahead of its IPO.


The firm is expected to offer its shares at a price band of Rs 115 to Rs 118, and investors can bid for 1200 shares in a single lot. The Oriana Power IPO comprises fresh equity of up to Rs 50.5 lakh shares, aggregating to Rs 59.6 crore.

Don't Miss: 12 Upcoming IPOs in August 2023 (Full List)

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