Oriana Power Limited

Oriana Power Limited IPO Review, Date, Price, GMP

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 Date01 August 2023 to 03 August 2023
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Face Value10 Rs. Per Share
Price115-118 Rs.
Lot Size1200
Issue Size5,055,600 shares (Rs.59.66 Cr)
Fresh Issue5,055,600 shares (Rs.59.66 Cr)
Listing Date11 August 2023

Oriana Power Limited IPO Timetable:

Opening Date01 August 2023
Closing Date03 August 2023
Allotment08 August 2023
Initiation of Refunds09 August 2023
Credit of Shares to Demat Account10 August 2023
Listing Date11 August 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet WorthBorrowings
31 March 20212,964.833,376.98282.38771.2975.23
31 March 20225,572.6910,146.86695.531,775.82769.07
31 March 20237,799.9913,395.371,268.523,621.841,489.19
Amount In Lakhs

AS OF NOW, the GMP OF Oriana Power Limited is Around 106 Rs.

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