Oriana Power Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,400,000 (47%) | — | ₹2,832 Cr |
| NII (HNI) | — | 720,000 (14%) | — | ₹850 Cr |
| Retail | — | 1,680,000 (33%) | — | ₹1,982 Cr |
| Market Maker | — | 255,600 (5%) | — | ₹30 Cr |
| Σ Total | — | 5,055,600 (100%) | — | ₹59,656 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹141,600 |
| Retail (Max) | 13 | 15,600 | ₹1,840,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,982,400 |
| B-HNI (Min) | 67 | 80,400 | ₹9,487,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 13,395 | 10,147 | 3,377 |
| Profit After Tax | 1,269 | 696 | 282 |
| Net Worth | 3,622 | 1,776 | 771 |
| Total Assets | 7,800 | 5,573 | 2,965 |
| Reserves & Surplus | 2,951 | 1,160 | 464 |
| Total Borrowing | 1,489 | 769 | 75 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of working capital requirements – 0.23
- Investment in subsidiary companies – 0.20
- Capital expenditure on infrastructure & technology for expansion – 0.02
- General corporate expenses –
Company Overview
Incorporated in 2013, Oriana Power Limited provides solar energy solutions. They offer their services to industrial and commercial customers. Their vision is to offer high-quality solar energy solutions such that individuals and organizations can use sustainable and renewable energy sources for a better future.
Oriana Power offers low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems and off-site solar farms i.e. Open access.
Oriana Power Limited's operations can be divided into the following:
- Capital Expenditure (CAPEX): This involves Engineering, Procurement, construction, and operation of solar projects
- Renewable Energy Service Company (RESCO): In this model, they provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis.