Oriana Power IPO: GMP, price band, subscription status, and other key details

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Renewable Energy Service Company (RESCO). Recently, the business unveiled TrueRE as its official brand. The company, according to the red herring prospectus (RHP), thinks that maintaining its brand is essential to gaining widespread recognition for its services.

For the fiscal year that ended in March 2023, the company reported total revenue of ₹137.31 crore, up 9.87% from ₹124.97 crore in the comparable prior-year period. The consolidated profit after tax jumped by 57.49% to ₹10.93 crore from ₹6.94 crore. Also Read: Vinsys IT Services IPO: GMP, review, subscription status, other details in 10 points Here are the 10 key things to know about Oriana Power IPO: Oriana Power IPO Dates: Oriana Power IPO opens for subscription on Tuesday, August 1, and closes on Thursday, August 3.

Oriana Power IPO price band: The company has fixed the price band at ₹115 to ₹118 per equity share for the proposed SME initial public offer. Oriana Power IPO issue details and size: The Oriana Power IPO is made up of a completely fresh equity offering of up to 50.5 lakh equity shares totalling up to ₹59.6 crore. Oriana Power IPO lot size: Bid can be made for minimum of 1200 equity shares and the multiples of 1200 equity shares thereafter.

Oriana Power IPO allotment and listing dates: The basis of allotment of shares will be finalised on Tuesday, August 8 and the company will initiate refunds on Wednesday, August 9, while the shares will be credited to the demat account of allottees on Thursday, August 10. Oriana Power IPO shares are likely to be listed on NSE SME on Friday, August 11. Oriana Power IPO Lead Manager and Registrar: The book running lead manager to the issue is Corporate Capital ventures Private Ltd and registrar to the issue is