What is the issue size of Oriana Power IPO?

The issue size of the Oriana Power IPO is Rs 59.66 cr.

What is 'pre-apply' for Oriana Power IPO?

Pre-apply will alow you to apply for the Oriana Power IPO 2 days before the subscription period starts.

If I pre-apply for Oriana Power IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Oriana Power IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Oriana Power IPO order is placed?

We will notify you when your Oriana Power IPO order is placed with the exchange.

What are the open and close dates of the for Oriana Power IPO?

Oriana Power IPO will be open between 1 August - 3 August, 2023.

What is the lot size and minimum order quantity of the Oriana Power IPO?

The Oriana Power Limited IPO lot size is 1200 shares.

What are the allotment dates for the Oriana Power IPO?

Oriana Power IPO allotment date is 8 August, 2023. For Oriana Power IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Oriana Power IPO?

Oriana Power IPO registrar is Skyline Financial Services Private Ltd. You can check Oriana Power IPO allotment status on the website of the registrar.

Where is the Oriana Power IPO getting listed?

The shares are proposed to be listed on NSE SME.

Oriana Power SME IPO

Oriana Power Limited

₹1,38,000 /1200 sharesMinimum Investment

Oriana Power SME IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹118.00₹302.00₹184.00 (155.93%)
Oriana Power SME IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
1 Aug ‘23 - 3 Aug ‘23₹1,38,0001,200₹115 - ₹118
Issue SizeIPO Doc
59.66CrRHP PDF
About Oriana Power SMEIncorporated on February 21, 2013, Oriana Power specialises in providing solar energy solutions to industrial and commercial consumers. The company’s expertise lies in offering low-carbon energy solutions through on-site solar projects like rooftop and ground-mounted systems and off-site solar farms.
Oriana Power operates primarily in two segments: CAPEX and Renewable Energy Service Company (RESCO). Under the CAPEX model, clients invest in capital expenditure, and Oriana handles engineering, procurement, construction, and operation on their behalf. Under the RESCO model, the company operates through 18 subsidiaries, providing solar energy solutions on a BOOT (Build, Own, Operate, Transfer) model basis. Apart from solar power plants, the company also specialises in operation and maintenance (O&M) services.
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Parent Organisation
Oriana Power Limited
Founded
2013
Managing Director
Mr. Rupal Gupta
Strengths & Risks
Oriana Power has strategically established 18 subsidiary companies for various solar power projects. These subsidiaries have installed multiple MW capacities in different states, such as Delhi, Rajasthan, Madhya Pradesh, Haryana, Gujarat, and Maharashtra. 
Oriana Power's EPC project portfolio has over 80 MW across India and Africa. This includes 4+ MW of projects under floating solar, 13+ MW in ground-mounted, and 55 MW+ in rooftop solar installations.
The company aims to protect the environment by reducing carbon footprints through abundant solar energy sources. 
The company's clientele includes Hindustan Petroleum Corporation Limited, Hero Motocorp Limited, JK Laxmi Cement Limited, Tata Memorial Hospital, and others.
The company has an extensive project list which includes ongoing and upcoming projects with organisations like Coal India Limited, Solar Energy Corporation of India Limited, Braithwaite & Co. Limited (Ministry of Railways), NnB Paper Products Private Limited, Welspun India, Mrs Bector Food Specialties Limited, Elgris Solar Power Limited, and Abrel Renewables EPC Limited.
The company competes in solar power project bidding based on pricing, technical expertise, design and engineering capabilities, financing capacity, and experience. Market conditions and government incentive programs influence the bidding and selection process, these are factors that may be beyond Oriana Power's control.
Oriana Power has availed unsecured loan, which is repayable on demand. Any demand for repayment from lenders may impact the company's financial condition.
The company faces supplier concentration risks as several key raw materials and components are sourced from a limited group of global third-party suppliers. 
The profitability of solar power projects is heavily dependent on weather conditions. Unfavorable weather can reduce their effectiveness, lower output, and impact projected revenues and cash flows.
Oriana Power depends on a limited number of top 10 customers for a significant portion of revenue, exposing them to potential disruptions and volatility in business operations.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹115 - 118₹2 Lakh
High Networth Individual₹115 - 118₹2 - 5 Lakh
For Oriana Power SME IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹118.00	₹302.00	₹184.00 (155.93%)

Bidding Dates	Min. Investment	Lot Size	Price Range
1 Aug ‘23 - 3 Aug ‘23	₹1,38,000	1,200	₹115 - ₹118

Issue Size	IPO Doc
59.66Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹115 - 118	₹2 Lakh
High Networth Individual	₹115 - 118	₹2 - 5 Lakh

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