Incorporated in 2013, Oriana Power Limited provides solar energy solutions. They offer their services to industrial and commercial customers. Their vision is to offer high-quality solar energy solutions such that individuals and organizations can use sustainable and renewable energy sources for a better future.
Oriana Power offers low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems and off-site solar farms i.e. Open access.
Oriana Power Limited's operations can be divided into the following:
- Capital Expenditure (CAPEX): This involves Engineering, Procurement, construction, and operation of solar projects
- Renewable Energy Service Company (RESCO): In this model, they provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding of working capital requirements | ₹0 |
| Investment in subsidiary companies | ₹0 |
| Capital expenditure on infrastructure & technology for expansion | ₹0 |
| General corporate expenses | — |
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Assets | 7,800 | 5,573 | 2,965 |
| Revenue | 13,395 | 10,147 | 3,377 |
| PAT | 1,269 | 696 | 282 |
| Net Worth | 3,622 | 1,776 | 771 |
| Reserves | 2,951 | 1,160 | 464 |
| Total Borrowing | 1,489 | 769 | 75 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,400,000 (47%) | — |
| NII / HNI | — | 720,000 (14%) | — |
| Retail (RII) | — | 1,680,000 (33%) | — |
| Market Maker | — | 255,600 (5%) | — |
| Total | — | 5,055,600 (100%) | — |
* Amount calculated at upper price band (₹118) · ** Total includes all investor categories
- 1 Initiation of Refund 09 Aug 2023
- 2 Credit of Shares to Demat 10 Aug 2023
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 21x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹21.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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