The Oriana Power IPO started on August 01, 2023, and ended on August 03, 2023. Shares were allocated on August 08, 2023, and refund processes began on August 09, 2023. On August 10, 2023, the shares were credited to investors demat accounts. Oriana Power was officially listed on the stock exchange on August 11, 2023.
During the IPO, Oriana Power offered shares at a price range of ₹115 to ₹118 per share, and the lot size was 00 shares. The total issue size was ₹59.66 crores, with ₹59.66 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Oriana Power IPO Subscription Update Video
Oriana Power IPO Subscription Status
The Oriana Power IPO on August 3, 2023 was subscribed 176.58 times, with the retail category being subscribed 204.04 times, the NII (Non-Institutional Investor) category being subscribed 251.74 times, the QIB (Qualified-Institutional Buyers) category being subscribed 72.16 times.
| Category | Subscription |
| QIB | 72.16x |
| NII | 251.74x |
| Retail | 204.04x |
| Total | 176.58x |
Oriana Power IPO Basic Details
| Company Name | Oriana Power Limited |
| Domain of Company | Solar Energy Solutions |
| IPO Open Date | August 1, 2023 |
| IPO Close Date | August 3, 2023 |
| IPO Allotment Date | August 8, 2023 |
| 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 |
About Oriana Power Limited
Established in 2013, Oriana Power Limited specializes in providing solar energy solutions to industrial and commercial clients. Their goal is to promote the use of sustainable and renewable energy sources for a brighter future.
Oriana Power focuses on offering high-quality, low-carbon energy solutions, including on-site solar installations such as rooftop and ground-mounted systems, as well as off-site solar farms with open access.
The company’s operations can be categorized into two main areas:
- Capital Expenditure (CAPEX): This involves handling the entire process of solar projects, from engineering and procurement to construction and operation.
- Renewable Energy Service Company (RESCO): Under this model, Oriana Power provides solar energy solutions on a BOOT (Build, Own, Operate, Transfer) basis, allowing customers to benefit from solar energy without investing in the infrastructure themselves.
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Oriana Power IPO FAQs
What is the start and end date of Oriana Power IPO Subscription?
The Oriana Power IPO started on August 01, 2023, and ended on August 03, 2023.
When does Oriana Power IPO Subscription open?
The Oriana Power IPO open on August 1, 2023.
When does Oriana Power IPO Subscription close?
The Oriana Power IPO Close on August 3, 2023.
What is the allotment date of Oriana Power IPO?
The allotment date for Oriana Power IPO is August 8, 2023.
When is the initial refund date of Oriana Power IPO?
The initial Refund date for Oriana Power IPO is August 9, 2023.
When were the shares credited to investors demat accounts for the Oriana Power IPO?
The shares for the Oriana Power IPO were credited to investors demat accounts on August 10, 2023.
When will Oriana Power IPO be listed on the stock market?
Oriana Power IPO stock market will be listed on August 11, 2023 at 10 am.
What was the price range of the Oriana Power IPO shares?
The Oriana Power IPO shares were offered at a price range of ₹115 to ₹118 per share.
What was the lot size for the Oriana Power IPO shares?
The lot size for the Oriana Power IPO shares was 1200 shares.
What was the total issue size of the Oriana Power IPO?
The total issue size of the Oriana Power IPO was ₹59.66 crores.
How were the shares allocated among different types of investors for the Oriana Power IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Oriana Power IPO listed?
The Oriana Power IPO was listed on the NSE SME.
What is the Oriana Power IPO Subscription Status?
Oriana Power IPO is subscribed 176.58 Times.
