Oriana Power Limited, founded in 2013, offers solar energy solutions. They provide their services to both industrial and commercial clients. Their mission is to provide high-quality solar energy solutions so that individuals and businesses can use sustainable and renewable energy sources to build a brighter future.Oriana Power provides low-carbon energy solutions that include on-site solar project installations, such as rooftop and ground-mounted systems, as well as off-site solar farms, such as Open access.
The operations of Oriana Power Limited are classified as follows:
- Capital Expenditure (CAPEX): This includes the engineering, procurement, building, and operation of solar installations.
- Renewable Energy Service Company (RESCO): In this concept, they supply solar energy solutions using the BOOT (Build, own, operate, transfer) model.
Oriana Power IPO Details
| IPO Date | Aug 1, 2023 to Aug 3, 2023 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price | Rs 115 to ₹118 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,055,600 shares (aggregating up to Rs 59.66 Cr) |
| Fresh Issue | 5,055,600 shares (aggregating up to Rs [.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,127,000 |
| Share holding post issue | 19,182,600 |
| Market Maker portion | 255,600 shares |
Oriana Power IPO Timetable
| IPO Open Date | Tuesday, 1 August 2023 |
| IPO Close Date | Thursday, 3 August 2023 |
| Basis of Allotment | Tuesday, 8 August 2023 |
| Initiation of Refunds | Wednesday, 9 August 2023 |
| Credit of Shares to Demat | Thursday, 10 August 2023 |
| Listing Date | Friday, 11 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 3, 2023 |
Oriana Power IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | Rs 141,600 |
| Retail (Max) | 1 | 1200 | Rs 141,600 |
| HNI (Min) | 2 | 2,400 | Rs 283,200 |
