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Oriana Power IPO vs Zeal Global Services IPO

Comparison between Oriana Power IPO and Zeal Global Services IPO.

IPO Details

Oriana Power IPO is a SME Fixed Price IPO proposed to list at NSE SME while Zeal Global Services IPO is a SME Fixed Price proposed to list at NSE SME.

 Oriana Power IPOZeal Global Services IPO
LogoOriana Power IPO LogoZeal Global Services IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersCorporate Capital Ventures Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerShare India Securities Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Oriana Power IPO is up to ₹56.64 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹34.63 Cr. The final issue price of Oriana Power IPO is ₹118.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

 Oriana Power IPOZeal Global Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹115.00 per share
Issue Price (Upper)₹118.00 per share
Issue Price (Final)₹118.00 per share₹103.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1200 shares
Fresh Issue Size48,00,000 shares33,62,400 shares
Fresh Issue Size (Amount)up to ₹56.64 Crup to ₹34.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total48,00,000 shares33,62,400 shares
Issue Size Total (Amount)up to ₹56.64 Crup to ₹34.63 Cr

IPO Timetable

Oriana Power IPO opens on Aug 01, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Oriana Power IPO and Zeal Global Services IPO is Aug 03, 2023, and Aug 01, 2023, respectively.

 Oriana Power IPOZeal Global Services IPO
Anchor Bid DateJul 31, 2023
Issue OpenAug 01, 2023Jul 28, 2023
Issue CloseAug 03, 2023Aug 01, 2023
Basis Of Allotment (Tentative)Aug 08, 2023Aug 04, 2023
Initiation of Refunds (Tentative)Aug 09, 2023Aug 07, 2023
Credit of Share (Tentative)Aug 10, 2023Aug 08, 2023
Listing date (Tentative)Aug 11, 2023Aug 09, 2023
Anchor Lockin End date 1Sep 07, 2023
Anchor Lockin End date 2Nov 06, 2023

Financials & KPIs

Oriana Power IPO P/E ratio is 20.7, as compared to Zeal Global Services IPO P/E ratio of 13.83.

 Oriana Power IPOZeal Global Services IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets78.0055.7329.65
Total Income133.95101.4733.77
Profit After Tax12.696.962.82
NET Worth36.2217.767.71
Reserves and Surplus29.5111.604.64
Total Borrowing14.897.690.75
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jan 202331 Mar 202231 Mar 202131 Mar 2020
Assets49.6931.9518.9322.03
Total Income95.05121.2860.9576.71
Profit After Tax8.275.241.701.34
NET Worth21.1612.776.034.36
Reserves and Surplus19.2010.825.433.76
Total Borrowing12.441.941.712.58
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.4%100%
Promoter Shareholding (Post-Issue)61.41%73.4%
P/E Ratio20.713.83
Market Cap₹226.36 Cr.₹137.09 Cr.
ROE41.05
ROCE58
Debt/Equity0.15
EPS₹20.85₹8.46
RoNW34.1056.56

Shares Offered

In the Oriana Power IPO Retail Individual Investors (RII) are offered 16,80,000 shares while in Zeal Global Services IPO retail investors are offered 16,80,000 shares. Qualified Institutional Buyers (QIB) are offered 9,60,000 shares in Oriana Power IPO and in Zeal Global Services IPO.

 Oriana Power IPOZeal Global Services IPO
Anchor Investor Reservation14,40,000 shares
Market Maker Reservation2,55,600 shares1,77,600 shares
QIB9,60,000 shares
NII7,20,000 shares16,80,000 shares
RII16,80,000 shares16,82,400 shares
Total48,00,000 shares33,62,400 shares

Bids Received (Subscription)

Oriana Power IPO subscribed 123.60x in total, whereas Zeal Global Services IPO subscribed 4.05x.

 Oriana Power IPOZeal Global Services IPO
QIB (times)72.16x
NII (times)251.74x4.26x
RII (times)204.04x3.85x
Total (times)123.60x4.05x

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Oriana Power IPO Vs Zeal Global Services IPO