Oriana Power Limited is gearing up for its much-anticipated Initial Public Offering (IPO) through a book built issue. The IPO is scheduled to run from August 01 to August 03, 2023, with a share price range of ₹115 to ₹118. Investors can participate with a minimum order of 1200 shares.
The IPO will comprise 5,055,600 shares with a face value of Rs. 10 each, potentially raising funds of up to ₹59.66 crore for Oriana Power Limited. Let’s delve into the details of their IPO set to hit the market in August 2023.
About Oriana Power Limited
Founded in 2013, Oriana Power Limited specializes in providing high-quality solar energy solutions to industrial and commercial customers. Their focus is on promoting sustainable and renewable energy sources for a better future. Oriana Power offers on-site solar installations like rooftop and ground-mounted systems, as well as off-site solar farms. Their operations cover Capital Expenditure (CAPEX) for solar projects and the Renewable Energy Service Company (RESCO) model, delivering solar solutions on a BOOT basis. Embracing low-carbon energy solutions, Oriana Power contributes to a greener and more eco-friendly world.
Oriana Power IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 1st August 2023 |
| Issue Closes | 3rd August 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 115 to Rs 118 Per Share |
| Issue Size | 5,055,600 Shares (Rs 59.66 crores) |
| Minimum Order Quantity | 1200 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The company has outlined its plans for the net proceeds as follows:
- Meeting working capital requirements to ensure smooth daily operations, covering expenses like salaries, rent, utilities, and inventory.
- Investing in subsidiary companies to strengthen their market position and expand their business.
- Allocating funds for capital expenditure, including technology, equipment, and infrastructure upgrades, to support the business’s growth and expansion.
Oriana Power Limited — Company Contact Details
- Registered & Corporate Office: Flat No. 412A, Building No. 43, Chiranjiv Tower, Nehru Place, New Delhi – 110019
- Telephone: +91 – 78178 03330
- Website: https://orianapower.com/
Oriana Power IPO – Lead Managers of the Issue
Corporate Capital Ventures Pvt Ltd
- Office Address: 160, Lower Ground Floor, Vinoba Puri, Lajpat Nagar � II, New Delhi 110 024
- Telephone: +91 11 4170 4066
- Email: info@ccvindia.com
Oriana Power IPO – Registrar of the Issue
Skyline Financial Services Private Ltd
- Telephone: 02228511022
- Email: ipo@skylinerta.com
- Website: https://www.skylinerta.com/ipo.php
Oriana Power Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
