The Oriana Power IPO commenced on August 1, 2023, and concluded on August 3, 2023. The allotment of shares took place on August 8, 2023, and the initiation of refunds began on August 9, 2023. The shares were credited to the demat accounts of investors on August 10, 2023. Finally, the listing of Oriana Power on the stock exchange occurred on August 11, 2023.
The Oriana Power IPO was priced at ₹115 to ₹118 per share, with a lot size of 1200 shares. The total issue size was ₹59.66 crores, comprising a fresh issue of ₹59.66 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Oriana Power IPO Basic Details
| Company Name | Oriana Power Limited |
| Domain of Company | Solar Energy Solutions |
| Oriana Power IPO GMP Today | ₹103 |
| Oriana Power IPO Listing Gain | 87.29% |
| Oriana Power IPO Open Date | August 1, 2023 |
| Oriana Power IPO Close Date | August 3, 2023 |
| Oriana Power IPO Allotment Date | August 8, 2023 |
| Oriana Power IPO Listing Date | August 11, 2023 |
| Face Value | ₹10 per share |
| Price | ₹115 to ₹118 per share |
| Lot Size | 1200 Shares |
| Issue Size | 5,055,600 shares (aggregating up to ₹59.66 Cr) |
| Fresh Issue | 5,055,600 shares (aggregating up to ₹59.66 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr. Anirudh Saraswat, Mr. Rupal Gupta And Mr. Parveen Kumar |
Oriana Power IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 4 August 2023 | ₹107 | 90.68% | – | – |
| 3 August 2023 | ₹103 | 87.29% | – | – |
| 2 August 2023 | ₹103 | 87.29% | – | – |
| 1 August 2023 | ₹103 | 87.29% | – | – |
| 31 July 2023 | ₹103 | 87.29% | – | – |
| 30 July 2023 | ₹103 | 87.29% | – | – |
| 29 July 2023 | ₹100 | 84.75% | – | – |
| 28 July 2023 | ₹95 | 74.65% | – | – |
Oriana Power IPO Details:
Founded in 2013, Oriana Power Limited specializes in providing solar energy solutions to industrial and commercial clients. Their mission is to promote sustainable and renewable energy sources for a better future.
Oriana Power focuses on delivering high-quality, low-carbon energy solutions through on-site solar project installations, such as rooftop and ground-mounted systems, as well as off-site solar farms like Open access.
The company’s operations can be categorized into two main areas:
- Capital Expenditure (CAPEX): This involves the complete cycle of solar projects, including engineering, procurement, construction, and operation.
- Renewable Energy Service Company (RESCO): In this model, Oriana Power offers solar energy solutions based on a BOOT (Build, Own, Operate, Transfer) model, providing clients with a hassle-free way to access solar energy benefits.
Oriana Power IPO More Details Click Here
Yatharth Hospital IPO FAQs
When is Oriana Power IPO open?
Oriana Power IPO will open on 1 August 2023.
When is Oriana Power IPO Close?
Oriana Power IPO will be closed on 3 August 2023.
What is Oriana Power IPO GMP Today?
The Oriana Power IPO GMP aka Grey Market Premium is ₹103.
What is Oriana Power IPO Kostak Rates Today?
The Oriana Power IPO Kostak Rate is ₹000.
What is Oriana Power IPO Subject to Sauda Price Today?
The Oriana Power IPO subject to sauda rates is ₹000.
Oriana Power IPO Expected Returns?
The Oriana Power expected return is 87.29%.
How much will be the listing gain in Oriana Power IPO?
Oriana Power IPO will get listing gain of 87.29%. (Approx.)
