Gray Market Buzz: Oriana Power’s IPO Shares Command 87% Premium!

Invest in Oriana IPO Today

Oriana Power, the solar energy solutions giant, is opening its IPO subscription today, with soaring interest in the gray market. Here are the key points you need to know:

1. Oriana Power IPO Details

  • Subscription Dates: Open till August 3
  • Price Band: Rs 115-118 per share
  • Lot Size: 1200 shares
  • Total IPO Size: Rs 59.66 crore
  • Shares Issued: 50,55,600 equity shares of Rs 10 face value
  • Investor Allocation: QIBs (50%), NIIs (15%), Retail (35%)
  • Allotment Date: August 8
  • Listing on NSE SME: August 11

2. Gray Market Premium (GMP)

The gray market is buzzing with Oriana Power’s shares trading at an impressive Rs 103, commanding a premium of 87.29%! While it’s exciting, experts suggest looking beyond the gray market for investment decisions.

3. Oriana Power’s Focus and Growth

Oriana Power specializes in solar system installations, with two key business divisions:

  • CAPEX: Undertaking solar projects’ engineering, procurement, construction, and operation.
  • RESCO: Providing solar energy solutions based on the BOOT model (Build, Own, Operate, Transfer).

4. Strong Financial Performance

The company’s financials reflect its strength and growth potential:

  • FY 2021: Net profit of Rs 2.82 crore
  • FY 2022: Net profit rose to Rs 6.95 crore
  • FY 2023: Impressive jump to Rs 12.69 crore net profit

The recent buzz surrounding Oriana Power’s IPO and the staggering 87% premium it commanded highlights the dynamic nature of the Indian stock market. Investors, both seasoned and new, have been closely monitoring the market to seize opportunities like these. As the stock market continues to witness significant movements and lucrative prospects, it becomes imperative for individuals to equip themselves with the necessary knowledge and skills to navigate this ever-changing landscape successfully.

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