What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Oriana Power Limited IPO allotment date?

The basis of allotment for Oriana Power Limited IPO is scheduled to be finalized on 8 Aug 2023.

Where can I check Oriana Power Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 9 Aug 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Oriana Power Limited

ListedSME

Renewable Energy & Power · NSE

Incorporated in 2013, Oriana Power Limited provides solar energy solutions to industrial and commercial customers, aiming to promote sustainable and renewable energy usage. The company offers low-carbon energy solutions through on-site solar installations, including rooftop and ground-mounted systems, as well as off-site solar farms via open access. Oriana Power operates under two models: Capital Expenditure (CAPEX), involving engineering, procurement, construction, and operation of solar projects, and Renewable Energy Service Company (RESCO), delivering solar solutions on a BOOT (Build, Own, Operate, Transfer) basis.

Price Band

₹115 – ₹118

Issue Size

₹59.66 Cr

Lot Size

1200 shares

GMP

₹125

+105.9%

Est. Listing

₹243

at current GMP

Subscribed

176.65x

overall

Open

1 Aug 2023

3 Aug 2023

Allotment

8 Aug 2023

Refund

9 Aug 2023

Demat Credit

10 Aug 2023

Listing

11 Aug 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Oriana Power Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

8 Aug 2023

Basis finalization

Refunds Initiate

9 Aug 2023

Mandate release

Demat Credit

10 Aug 2023

Shares in demat

Listing Debut

11 Aug 2023

Trading begins

About Oriana Power Limited Public Issue & Market Profile

Oriana Power Limited is bringing an initial public offering (IPO) in the Renewable Energy & Power sector with an aggregate issue size of ₹59.66 Crores. The shares are offered at a price band of ₹115 to ₹118 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,41,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-08-10, while un-allotted funds or UPI block mandates will be released on 2023-08-09.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.