Oriana Power Limited is a top company that delivers solar energy solutions to industrial and commercial customers. The company offers low-carbon energy solutions via various solar projects which include rooftop and ground-mounted systems and off-site solar farms.
The company operates primarily through two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO).
Under the CAPEX model, Oriana Power Limited provides Engineering, Procurement, Construction, and Operation services for solar projects. The customers invest in the Capital Expenditure while Oriana Power handles the rest on their behalf. They have successfully delivered projects exceeding 100 MWp capacity in India and Kenya since their establishment in June 2017. Some of their notable clients under this model include Hindustan Petroleum Corporation Limited, Hero Motocorp Limited, Tata Memorial Hospital, and others.
Oriana Power Limited works on the RESCO model through its 17 subsidiaries. They provide solar energy solutions on a BOOT (Build, Own, Operate, Transfer) basis, allowing clients to reap the benefits of solar without making any upfront investments. Oriana Power handles all investment, commissioning, and maintenance, and sells power to end users via Power Purchase Agreements that can last up to 25 years. They have a broad portfolio of operational and under-construction projects with a combined capacity of more than 35 MWp across India and Kenya. National High-Speed Rail Corporation Limited, Mahindra CIE Automotive Limited, and Maral Overseas Limited are among their RESCO clients.
Oriana Power Limited IPO Complete Details:
| IPO Date | 01 August 2023 to 03 August 2023 |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Face Value | 10 Rs. Per Share |
| Price | 115-118 Rs. |
| Lot Size | 1200 |
| Issue Size | 5,055,600 shares (Rs.59.66 Cr) |
| Fresh Issue | 5,055,600 shares (Rs.59.66 Cr) |
| Listing Date | 11 August 2023 |
Oriana Power Limited IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 01 August 2023 |
| Closing Date | 03 August 2023 |
| Allotment | 08 August 2023 |
| Initiation of Refunds | 09 August 2023 |
| Credit of Shares to Demat Account | 10 August 2023 |
| Listing Date | 11 August 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Borrowings |
|---|---|---|---|---|---|
| 31 March 2021 | 2,964.83 | 3,376.98 | 282.38 | 771.29 | 75.23 |
| 31 March 2022 | 5,572.69 | 10,146.86 | 695.53 | 1,775.82 | 769.07 |
| 31 March 2023 | 7,799.99 | 13,395.37 | 1,268.52 | 3,621.84 | 1,489.19 |
AS OF NOW, the GMP OF Oriana Power Limited is Around 106 Rs.