Oriana Power Ltd - IPO

Oriana Power Ltd IPO Details

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 Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 48,00,000 equity shares aggregating to Rs. 56.64 crores (the Net Issue). The issue and the net issue will constitute 26.36% and 25.02% respectively of the post issue paid up equity share capital of the company.

Objective of issue

Funding of working capital requirements. Investment in subsidiary companies. Capital expenditure on infrastructure & technology for expansion. General corporate expenses.

Oriana Power Ltd Contact Details

Oriana Power Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - cs@orianapower.com

Website - www.orianapower.com