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.

What is the estimated listing price for Oriana Power Limited IPO?

Based on the upper price band of ₹118 and current GMP of ₹125, the estimated listing price is ₹243 (approx. 105.9% gain).

What is the expected profit per lot for Oriana Power Limited IPO?

With a lot size of 1200 shares and current GMP of ₹125, expected profit per retail application lot is approximately ₹1,50,000.

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

Live Grey Market Premium

Oriana Power Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹125+105.9%

Issue Price (Upper)

₹118

Band: ₹115 – ₹118

Estimated Listing Price

₹243

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,41,600

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹125	105.9%	₹243
30 Oct 2026	+₹125	105.9%	₹243
29 Oct 2026	+₹113	95.3%	₹231

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Oriana Power Limited IPO GMP today?

The latest grey market premium for Oriana Power Limited IPO is ₹125, which indicates an expected listing price of ₹243.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.