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Oriana Power Limited

Oriana Power Limited

listed
₹1.38LMin. investment

Oriana Power Limited IPO Details

Price range₹115 – ₹118
IPO type
SME
Lot size1200 shares
Issue size₹59.66Cr
RHP/DRHP
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Oriana Power Limited Timeline

  1. Bid start
    1 Aug 2023
  2. Bid end
    3 Aug 2023
  3. Allotment
    3 Aug 2023
  4. Release of funds
    9 Aug 2023
  5. Demat transfer
    8 Aug 2023
  6. Listing
    11 Aug 2023

About the Oriana Power Limited IPO

Incorporated in 2013, Oriana Power offers solar energy solutions to industrial and commercial customers. Company’s business is primarily divided into two key segments,  Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, clients own the solar system, fund it, and consume the energy generated throughout the project life. Oriana Power commissions the project on behalf of the client.
Under the RESCO model, the company implements complete solar projects, including maintenance. It sells power to the end consumer through a power purchase agreement generally agreed for 25 years. Over the years, the company has served multiple clients, including  Hindustan Petroleum Corporation Limited, Hero Motocorp, Indraprastha Power Generation, Hindustan Copper, Delhi Development Authority and many others
Oriana Power Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue. The money raised through the fresh issue will be utilised towards capital expenditure, to invest in subsidiary companies, and to meeting working capital requirements.

Here are key details about the Oriana Power Limited  IPO :

Company NameOriana Power Limited Company TypePrivate
IPO TypeSME

Checklist

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Oriana Power Limited Contact Details

Company NameOriana Power Limited

How to apply for Oriana Power Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Oriana Power IPO FAQs