Oriana Power IPO: Oriana Power, a Noida-based provider of solar energy solutions, began accepting subscriptions for its initial public offering (IPO) on August 1. Oriana Power, a company founded in 2013, intends to raise capital through its IPO by offering 50,555,000 equity shares with a par value of Rs 10 each. The company has established an IPO price range of Rs 115-118 per share.
GMP for Oriana Power IPO
Individuals can bid on a lot of 1,200 shares that costs Rs 1,41,600. On the grey market, Oriana Power shares are fetching a premium of Rs 100 per share, indicating a prospective listing price of Rs 220 per share.
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Date of Oriana Power Allocation, Link
The company will finalize the allotment for the Oriana Power IPO on August 8, and the shares will be credited to investors’ Demat accounts on August 10. On the official website of the registrar, Skyline Financial Services Private Ltd (https://www.skylinerta.com/ipo.php), investors can view the allotment status.
Oriana Power Shares Date of Listing
The anticipated listing date for Oriana Power’s shares to begin trading on the National Stock Exchange is August 11. The company intends to use the proceeds from the IPO for a variety of purposes, including funding its working capital needs, investments in subsidiary companies, capital expenditures, and general corporate purposes. The company and its shareholders will reach a significant milestone with the successful listing on August 11.
About Oriana Power
Oriana Power effectively closed its pre-IPO round, attracting investments from notable entities such as JSW Energy’s Prashant Jain, Meru’s Neeraj Gupta, and MSMEx’s Amit Kumar, among others, prior to its initial public offering.
The mission of Oriana Power is to provide each client with customized solar energy solutions that are dependable, efficient, and cost-effective.
