Oriana Power Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Oriana Power Ltd

CMP

2,792.05

-105.30 (-3.63%)

₹118

Offer Price

₹ 59.66 Cr

Issue Size

₹ 1,41,600

Min Investment

1,200

Lot size

Time Line

  • 01
    Aug 2023
    Open
  • 03
    Aug 2023
    Close
  • 08
    Aug 2023
    Finalisation of Basis of Allotment
  • 09
    Aug 2023
    Initiation of Refunds
  • 10
    Aug 2023
    Transfer of Shares to Demat Account
  • 11
    Aug 2023
    Listing Date

Objects of the Offer

  • Enhance customer base by entering new geographies.

  • Leveraging its Market skills and Relationships.

  • Focus on quality.

  • To build-up a professional organization.

Products & Services

  • The Company is in the business of providing solar energy solutions to industrial and commercial customers.

Strengths

  • Comprehensive end-to-end EPC solutions provider with a global execution track record.

  • Strong relationship with customers and other key stakeholders.

  • Well equipped with advance technology

  • Experienced Promoters and Technically Sound Operation Team

  • Track record of growth and profitability

Risks

  • The Company has given Corporate Guarantees of Rs. 7,437.00 Lakh in respect to the loan taken by its subsidiaries and associate companies. The company cannot assure that there will be no default done by its subsidiaries in the future.

  • The company may be unable to accurately estimate costs under fixed-price EPC contracts, fail to maintain the quality and performance guarantees under the EPC contracts, the company may experience delays in completing the construction of solar power projects, which may increase its construction costs and working capital requirements and thus may have a material adverse effect on the financial condition, cash flow and results of operations.

  • The company operate in a competitive industry and as such we may not be successful in bidding for and winning bids for solar power projects to grow its business globally, which may have a material adverse effect the company business, financial condition, results of operations and prospects.

  • Orders in the company order book may be delayed, modified or cancelled and letters of intent may be withdrawn or may not translate to confirmed orders, which may have a material adverse effect on its business, results of operations and financial condition.

  • The company business operations rely on consistent solar weather conditions and unfavourable solar weather conditions could have a material adverse effect on its business, financial condition and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
21.99%
Pre Holding

83.40%

Post Holding

61.41%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 123.97 (302.80%) 136.18 (9.90%) 34.10 (-)
Gross Profit 123.97 (302.80%) 136.18 (9.90%) 34.10 (-)
Net Income 123.97 (302.80%) 136.18 (9.90%) 34.10 (-)
Assets 123.97 (302.80%) 136.18 (9.90%) 34.10 (-)
Liabilities 123.97 (302.80%) 136.18 (9.90%) 34.10 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Oriana Power Ltd 132.94 12.69 51.11 14.89 34.10 0.00 53.98 1.68 0.29
KPI Green Energy Ltd 643.79 109.63 1,254.97 1,254.97 42.50 30.33 71.38 8.73 2.02
Gensol Engineering Ltd 392.66 24.91 993.87 993.87 11.89 21.50 171.82 2.50 2.50

Book Running Managers

  • Corporate Capitalventures Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

F # 412A Bld # 43 Chiranjiv -,
Tower Nehru Place,
New Delhi - 110019
Phone : +91-78178 03330 Email : cs@orianapower.com www.orianapower.com

Offer Related Information

Public issue of 50,55,600 equity shares of face value of Rs. 10 each ("Equity Shares") of Oriana Power Limited (the "Company" or the "Issuer") for cash at a price of Rs. 118 per equity (the "Issue Price") aggregating to Rs. 59.66 crores ("The Issue") comprising of a fresh issue of 50,55,600 equity shares aggregating to Rs. 59.66 crores (the "Fresh Issue") of which 2,55,600 equity shares aggregating to Rs. 3.02 crores will be reserved for subscription by market maker to the issue (the "Market... More

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