Oriana Power Limited

About the company

## **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 Name| Oriana Power Limited|  | Company Type| Private ---|---|---|---|--- IPO Type|SME|

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   01 Aug 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   03 Aug 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   03 Aug 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   09 Aug 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   08 Aug 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   11 Aug 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.