Oriana Power Limited IPO : Important Dates

Oriana Power Limited IPO is set to launch on 1 August, 2023. The company initiated its business operations in the year 2013. The company provides solar energy solutions. Oriana power provides its services to both commercial and industrial customer base. The company gives low carbon energy solutions through on-site solar project solutions like offsite solar farms and ground mounted and rooftop systems etc.

Its operations are divided into 2 operations like RESCO (Renewable Energy Service Company) which works under the BOOT model like Build, Own, Operate. Another way of operations for the firm is Under CAPEX or Capital Expenditure model which involves Procurement, Engineering, Operations and construction of solar projects.

Oriana Power Limited IPO DETAILS

Oriana Power Limited IPO is set to launch on 1 August, 2023. The subscription timeline extends till 3 August, 2023. The size for the IPO is 59.66 Crore Rs. Shares issued through fresh issue mode are worth 59.66 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 115 Rs to 118 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Skyline Financial Services Private Limited.

Tabular Description of Oriana Power Limited IPO

IPO OPENING DATE	1 August, 2023
CLOSING DATE FOR IPO	3 August, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	115 Rs to 118 Rs per share
LOT SIZE	1200 shares
MINIMUM ORDER QUANTITY	1200 shares
ISSUE SIZE	59.66 Crore Rs.
OFFER FOR SALE	No share offered through Offer for sale mode
FRESH ISSUE	59.66 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	11 August, 2023

Oriana Power Limited IPO : IMPORTANT DATES

IPO OPENING DATE	1 August, 2023
CLOSING DATE FOR IPO	3 August, 2023
IPO ALLOTMENT DATE	8 August, 2023
REFUNDS	9 August, 2023
DEMAT A/C CREDITED ON	10 August, 2023
IPO LISTING DATE	11 August, 2023

Oriana Power Limited IPO begins for subscription from 1 August, 2023. The IPO subscription would continue till 3 August, 2023. The allotment status for the shareholders who applied would come on 8 August, 2023. The refunds for the ones who did not get allotment would be initiated on 9 August, 2023. The DEMAT accounts of shareholders would be credited on 10 August, 2023. The listing of the company would be completed on 11 August, 2023.

Oriana Power Limited IPO : Lead Managers

The lead managers are :

• Corporate Capital Ventures Private Limited

The minimum lot size for the company is decided at 1200 shares. This holding accounts to 141600 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 283200 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1200 shares	141600 Rs.
Maximum	2400 shares	283200 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• Oriana Power will use the IPO money in subsidiary companies.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
ASSETS	2964	5572	7799
Revenue	3376	10146	13395
PAT	282	695	1268

Oriana Power Limited had an asset base of 2964 Lakh Rs in 2021 which increased to 5572 Lakh Rs in 2022 and 7799 Lakh Rs in 2023. The revenue of the firm has grown by more than 4 times in the past 3 years. The revenue was 3376 Lakh Rs in 2021 which increased to 10146 Lakh Rs in 2022 and 13395 Lakh Rs in 2023. The profit of the firm was 282 Lakh Rs in 2021 which increased to 695 Lakh Rs in 2022 and 1268 Lakh Rs in 2023.

PROS

• Oriana power provides its services to both commercial and industrial customer base.
• The company gives low carbon energy solutions through on-site solar project solutions like offsite solar farms and ground mounted and rooftop systems etc.
• Its operations are divided into 2 operations like RESCO (Renewable Energy Service Company) which works under the BOOT model like Build, Own, Operate. Another way of operations for the firm is Under CAPEX or Capital Expenditure model which involves Procurement, Engineering, Operations and construction of solar projects.

CONS

• The company works in a highly competitive segment.

Oriana Power Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Oriana Power Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.