Invest in Oriana Power Limited IPO | Secure Your Future now

Oriana Power Limited IPO

Founded in 2013, Oriana Power Limited specializes in offering solar energy solutions to industrial and commercial clients. Their focus lies in delivering eco-friendly energy solutions by implementing on-site solar projects, including rooftop and ground-mounted systems, as well as off-site solar farms called Open Access.

IPO Overview

The Oriana Power Limited IPO is set to open for bidding on the NSE SME platform from 1st August to 3rd August 2023. The issue price per share is expected to be in the range of Rs. 115 to Rs. 118.

Each lot consists of 1200 shares, priced at Rs. 141,600. The IPO distribution allocates 50% of the shares to institutional investors, 15% to non-institutional investors, and 35% to retail investors.

The anticipated listing date for the shares in the stock market is 11th August 2023.

Oriana Power Limited IPO Timetable

IPO Opening Date: 1 August 2023 IPO Closing Date: 3 August 2023 IPO Allotment Date: 8 August 2023 Refund Initiation: 9 August 2023 IPO Listing Date: 11 August 2023

Oriana Power Limited IPO Details.

Peer Comparison

Operating in a competitive market, it's crucial to assess Oriana Power Limited's performance in comparison to its peers. According to the RHP, here are some key peers and their metrics:

• KPI Green Energy Limited: Total Income - Rs. 64,703.47 Cr, EPS (Rs.) - 30.33, P/E Ratio - 13.77

• Gensol Engineering Limited: Total Income - Rs. 39,735 Cr, EPS (Rs.) - 21.50, P/E Ratio - 51.71

IPO Valuations

As per Oriana Power Limited's DRHP, the company reports an EPS of Rs. 17.50, with the IPO share price set within the range of Rs. 115 to Rs. 118 per share. Although the P/E ratio required for IPO valuation is not specified, assuming the upper band price of Rs. 118, the estimated PE ratio of the company would be 6.

Learn Details & Deep analysis of Oriana Power Limited IPO.