Oriana Power Limited IPO (Oriana Power IPO) Detail

Oriana Power Ltd. secures a Rs. 343.90 Mn contract for a 7MW DC Solar Power Plant! Partnering with a leading cement company in Rajasthan, Also handling Aux panel supply, metering, and cable laying for a new training center. 🏗️ EPC phase to complete in 5 months.

kya aaj UC lagega ?

A small analysis-

Dated 27/8/2023

Gensol Engineering- MCap 2,100 Cr Sales 371 Cr >> 5.66 times
KPI Green- 3,335 Cr Sales 644 Cr >> 5.17 Crore
Oriana Power MCap 699 Cr (FY24 Revenue approx 330Crores on a lower side)>> 2.12 Cr

In addition, Hydrogen play will also to be factored in.

ભાવ ભગવાન છે || भारत में निवेश करें || খেলা হবে ||

5.66, 5.17 & 2.12 in times

Circuit revise may be from Monday.........as today 10th trading day............

New Deal Update: Oriana has partnered with Bharat Coking Coal Limited (BCCL) to build a state-of-the-art 20MW AC ground-mounted solar
photovoltaic (PV) power plant. The EPC phase is expected to be completed within 12 months and is valued at ~₹ 138 Crores.

Bought this at 281 level. For long term horizon.

ketne lot liya sirji. i purchase on pre opening @302
long term what is the length duration ?

I bought it as a FD. No plan to sell in near time. Its a sure shot multibagger stock.

@MRavichandran 
Can u please provide ur view on CellPoint? R u still holding ur all shares?

Off topic: cff fluid control

Does anyone hold this stock? It's trading @364 ATH. Anyone can have information or view on this, please share.
Thanking you.

Sir ATH 398 Jake aaya:)

Off topic: cff fluid control

Company has received the contract for procurement of spares of P75 project totaling to approx. RS. 1.93 crores (including tax)

LC broken and UC started......

looks like Today or Tomorrow LC will Open than North journey with haults.....will start.........In Med to Long term definitely good bat.........
Holding Alloted lots...........and planning to add more today or Tomorrow.........

Tomorrow LC will open. IMO

@NaniNaresh 
📌📌
▪️Anil Kumar Goel bought 4,00,000 shares,
▪️Prashant Jain( Jt. MD & CEO at JSW Energy) - bought 5,53,500 shares🔥,
▪️Neeraj Gupta bought 5,53,500 shares,
▪️Seema Sawtal bought 5,40,000 shares of ORIANA POWER LTD.
(all shares were allotted in private placement at price Rs52.5-105, 1:1 bonus after that was also given)(holdings as on July 22 ,2023 )

📌📌In November 2021, at the COP-26 Summit in Glasgow, Prime Minister Mr. Narendra Modi made a promise to increase India’s renewable energy generation capacity to 500 GW, and meet 50% of India’s energy needs through renewable means by the year 2030.

📌India is targeting about 450 Gigawatt (GW) of installed renewable energy capacity by 2030 – about 280 GW (over 60%) is expected from solar.

📌ORIANA's Topline increased from Rs. 5 cr. in 2018 to Rs. 133 cr. in 2023.

✅Expanded geographical footprint to Kenya, Africa. Completed 2 projects on a turnkey basis.

📍📍Oriana Power Limited provides solar energy solutions. They offer their services to industrial and commercial customers. Their vision is to offer high-quality solar energy solutions such that individuals and organizations can use sustainable and renewable energy sources for a better future.

▪️Oriana Power offers low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems and off-site solar farms i.e. Open access.

▪️Oriana Power Limited's operations can be divided into the following:

📍1)Capital Expenditure (CAPEX): This involves Engineering, Procurement, construction, and operation of solar projects. Under the CAPEX model, it offers Engineering, Procurement, construction, and operation of solar projects. Under CAPEX Model the company has delivered projects with a capacity exceeding 100 MW at various locations across India till date since commencement of business activity in this area of service i.e. June 2017.
(AN EPC PROJECT PORTFOLIO OF 80 MW+ ACROSS INDIA AND AFRICA, INCLUDING 4+ MW OF FLOATING SOLAR, 13+ MW GROUND-MOUNTED AND 55 MW+ ROOFTOP INSTALLATIONS)

📍2)Renewable Energy Service Company (RESCO): In this model, they provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis. Under the RESCO model, OPL operates through 18 subsidiaries. Its subsidiaries provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis, allowing customers to enjoy the benefits of solar energy without the upfront investment. All the Investment, Commissioning and maintenance are done at the company's end and in lieu of that it sells power to the end consumer through a Power Purchase agreement generally agreed for 25 years.

📌Some in depth details of earnings:
▪️1 MW installed under a RESCO project usually generates revenues of Rs. 12.5 crore over 25 years (~Rs. 54 lac per year).
▪️However, when it comes to profitability, Rs. 5.30 crore on PAT levels is achieved over 25 years. Of the total cumulative PAT, ~40% is achieved in the first 15 years, while balance 60% is generated in the next ten years (showcases accelerated profitability as costs decrease).
▪️The company has as on date, a total capacity of 30 MW as its RESCO book which accounts for an assured cumulative revenues of Rs. 375 crore to accrue in the next 25 years. And will lead to a cumulative PAT of ~Rs. 150 crore during the period.
▪️The company expects to expand its RESCO book to ~2X till March 2024 - leading to a robust earning visibility.
▪️70% of the projects costs are funded by Banks (SBI is the key banker for Oriana).

📌📌
IPO price: Rs.118
IPO size: 59.66 CR
Cmp:Rs286
Market cap: 547CR
P/E: 50
For the last three fiscals, OPL has reported an average EPS of Rs. 20.85 and an average RoNW of 35.36%.(pre ipo)

📌FINANCIALS:
▪️FY23 revenue is 137.3 CR as compared to 124.96 CR(FY22), 10%✅ growth yoy.
▪️FY23 PAT is 10.93 CR as compared to 6.95 CR(FY22), 57.3%✅ growth yoy.
346% 🔥growth in revenue in last 2 years.
970%🔥 growth in PAT in last 2 years.
(considering the incentive scheme from GoI, this segment has bright prospects ahead.)

📌IPO funds:
The company will utilize Rs. 23.00 cr. for working capital, Rs.20.00 cr. for investment in subsidiary companies, Rs. 2.00 cr. for capex on infrastructure and technology for expansion. The company is a holding company with 18 subsidiaries.

📌As per the offer document, the company has shown KPI Green Energy and Gensol Engg as their listed peers. They are currently trading at a P/E of 37.87, and 72.55 (as of July 28, 2023). However, they are not truly comparable on an apple-to-apple basis.

📌Client: Hindustan Aeronautics Limited ,Hero Cycle Private Limited, Tata Memorial Hospital, Mrs. Bectors Food Specialities Limited , Saint Gobain Glass India Limited), Adani Mundra Solar PV Limited , Hindustan Copper Limited , National High Speed Rail Corporation limited ,Sarvodya Kanya Vidyalaya (at 21 locations in Delhi ) , Mahindra CIE Automotive Limited, Sona BLW Precision Forgings Limited , Coal India Limited ,Welspun India , Oppl SPV CG Private Limited, Tecniqa Green Venture Private Limited.

📌SECTOR GROWTH:
▪️The global solar energy market was valued at $52.5 billion in 2018 and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026.
▪️India intends to achieve net zero carbon emissions by 2070 and to meet 50% of its electricity needs from renewable sources by 2030 marks a historic point in the global effort to combat climate change.
▪️Investment in renewable energy in India reached a record US$ 14.5 billion in FY22, an increase of 125% over FY21.
▪️The growth of the solar energy market is driven by increase in environmental pollution and provision of government incentives & tax rebates to install solar panels.

📌STRENGTH:
1)Experience Management Team .
2)Training and Skill development programs to strengthens Operation & Maintenance Team.✅
3)Investment in Subsidiary Companies Our company has set up Eighteen subsidiary companies for different solar power project. Our subsidiary company have installed multiple MW capacities at Delhi, Rajasthan, Madhya Pradesh, Haryana, Gujrat , Maharashtra etc.✅
4)24/7 Premium Support System.✅
5)ESG (Environment, Social and Governance):Our company help to protect the environment by powering with 100% renewable energy.
6)Existing number, visible order book and favourable national policy support We had an EPC project portfolio of more than 80 MW across India and Africa which combined 4+ MW of projects under floating solar, 13+ MW projects in ground mounted and 55 MW+ projects in rooftop.🔥
7)Conserving precious water and land, through the innovative solution of floating solar.✅

📌FUTURE PLAN:
▪️Company to operate in higher wattage projects going forward.
▪️Expects to diversify into Green Hydrogen.
▪️Rerating opportunity on the horizon.
▪️Leadership in CAPEX - high MW projects.
▪️Scaling up the RESCO Business.

📌📌📌Disclosure: Not a buy recommendation. only for study and education purpose.Please dont buy any stock blindly. please consult your financial advisor before investing.

Sjogi sir......any news about globalpet?...it is not moving at all....

1. Anil Kumar Goel 2,00,000
2. Tikri Investments (Beneficiary Owner Prashant Jain) 1,00,000
3. Neeraj Vishnukumar Gupta 1,00,000
Pvt placement on 14/2/2023, price is not disclosed.
Later due to bonus allotments the figures are what given by you.

Seems some big HNI investor should onboard to lift ORIANA from LC.
Will it happen soon? finger crossed

Dont sell in panic. Below are big HNIs bought ORIANA on listing day.

11-AUG-2023      ORIANA      Oriana Power Limited      SOCIETE GENERALE      BUY      2,00,400      308.31      -
11-AUG-2023      ORIANA      Oriana Power Limited      VORA FINANCIAL SERVICES PVT LTD      BUY      1,20,000      302.00      -

@lokes @MRavichandran @SJogi 
Sir, Your valuable suggestions are helpful here

Any news about q1 results of oriana ?

How many LC expected? 230-240 k around chance milega kya

@Takamichi Can they (Vora) enter again to sell at lower price? Or it's a one time event. It looks like they don't have problems making loss. In Cell point, synoptics, bizotic and many more, it was seen that they manipulate persistently untill stock is completely broken to never rise again.

You have seen how sme works.... They may enter to make an LC or break an LC .....but this being a much better sector and stock than cell point or bizotic so similar thing won't happen here.....
And they work in cordination with MM and LM.... This keeps the stock running.....

Applied in 37 SME IPOs till now in retail category each time with 4 different dmat accounts of my family members( ofcourse having different PAN numbers) since last 1.5 years but never got a single allotment raising a serious doubt about the transperancy of allotment process.

super handsome profit who alloted...

CG friends,
Looks good for the counter as BIG FII SCOIETE GENERAL has entered in open market buy....

11 Aug, 2023PURCHASE
SOCIETE GENERALE
Qty
200400
Price
308.31
% Traded
2.99

Anil Kumar Goel bought 4,00,000 shares,
▪️Prashant Jain( Jt. MD & CEO at JSW Energy) - bought 5,53,500 shares🔥,
▪️Neeraj Gupta bought 5,53,500 shares,
▪️Seema Sawtal bought 5,40,000 shares of ORIANA POWER LTD.
(all shares were allotted in private placement at price Rs52.5-105, 1:1 bonus after that was also given)(holdings as on July 22 ,2023 )

📌📌In November 2021, at the COP-26 Summit in Glasgow, Prime Minister Mr. Narendra Modi made a promise to increase India’s renewable energy generation capacity to 500 GW, and meet 50% of India’s energy needs through renewable means by the year 2030.

📌India is targeting about 450 Gigawatt (GW) of installed renewable energy capacity by 2030 – about 280 GW (over 60%) is expected from solar.

📌ORIANA's Topline increased from Rs. 5 cr. in 2018 to Rs. 133 cr. in 2023.

✅Expanded geographical footprint to Kenya, Africa. Completed 2 projects on a turnkey basis.

📍📍Oriana Power Limited provides solar energy solutions. They offer their services to industrial and commercial customers. Their vision is to offer high-quality solar energy solutions such that individuals and organizations can use sustainable and renewable energy sources for a better future.

▪️Oriana Power offers low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems and off-site solar farms i.e. Open access.

▪️Oriana Power Limited's operations can be divided into the following:

📍1)Capital Expenditure (CAPEX): This involves Engineering, Procurement, construction, and operation of solar projects. Under the CAPEX model, it offers Engineering, Procurement, construction, and operation of solar projects. Under CAPEX Model the company has delivered projects with a capacity exceeding 100 MW at various locations across India till date since commencement of business activity in this area of service i.e. June 2017.
(AN EPC PROJECT PORTFOLIO OF 80 MW+ ACROSS INDIA AND AFRICA, INCLUDING 4+ MW OF FLOATING SOLAR, 13+ MW GROUND-MOUNTED AND 55 MW+ ROOFTOP INSTALLATIONS)

📍2)Renewable Energy Service Company (RESCO): In this model, they provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis. Under the RESCO model, OPL operates through 18 subsidiaries. Its subsidiaries provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis, allowing customers to enjoy the benefits of solar energy without the upfront investment. All the Investment, Commissioning and maintenance are done at the company's end and in lieu of that it sells power to the end consumer through a Power Purchase agreement generally agreed for 25 years.

📌Some in depth details of earnings:
▪️1 MW installed under a RESCO project usually generates revenues of Rs. 12.5 crore over 25 years (~Rs. 54 lac per year).
▪️However, when it comes to profitability, Rs. 5.30 crore on PAT levels is achieved over 25 years. Of the total cumulative PAT, ~40% is achieved in the first 15 years, while balance 60% is generated in the next ten years (showcases accelerated profitability as costs decrease).
▪️The company has as on date, a total capacity of 30 MW as its RESCO book which accounts for an assured cumulative revenues of Rs. 375 crore to accrue in the next 25 years. And will lead to a cumulative PAT of ~Rs. 150 crore during the period.
▪️The company expects to expand its RESCO book to ~2X till March 2024 - leading to a robust earning visibility.
▪️70% of the projects costs are funded by Banks (SBI is the key banker for Oriana).

📌📌
IPO price: Rs.118
IPO size: 59.66 CR
Cmp:Rs310
Market cap: 593CR
P/E: 54
For the last three fiscals, OPL has reported an average EPS of Rs. 20.85 and an average RoNW of 35.36%.(pre ipo)

📌FINANCIALS:
▪️FY23 revenue is 137.3 CR as compared to 124.96 CR(FY22), 10%✅ growth yoy.
▪️FY23 PAT is 10.93 CR as compared to 6.95 CR(FY22), 57.3%✅ growth yoy.
346% 🔥growth in revenue in last 2 years.
970%🔥 growth in PAT in last 2 years.
(considering the incentive scheme from GoI, this segment has bright prospects ahead.)

📌IPO funds:
The company will utilize Rs. 23.00 cr. for working capital, Rs.20.00 cr. for investment in subsidiary companies, Rs. 2.00 cr. for capex on infrastructure and technology for expansion. The company is a holding company with 18 subsidiaries.

📌As per the offer document, the company has shown KPI Green Energy and Gensol Engg as their listed peers. They are currently trading at a P/E of 37.87, and 72.55 (as of July 28, 2023). However, they are not truly comparable on an apple-to-apple basis.

📌Client: Hindustan Aeronautics Limited ,Hero Cycle Private Limited, Tata Memorial Hospital, Mrs. Bectors Food Specialities Limited , Saint Gobain Glass India Limited), Adani Mundra Solar PV Limited , Hindustan Copper Limited , National High Speed Rail Corporation limited ,Sarvodya Kanya Vidyalaya (at 21 locations in Delhi ) , Mahindra CIE Automotive Limited, Sona BLW Precision Forgings Limited , Coal India Limited ,Welspun India , Oppl SPV CG Private Limited, Tecniqa Green Venture Private Limited.

📌SECTOR GROWTH:
▪️The global solar energy market was valued at $52.5 billion in 2018 and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026.
▪️India intends to achieve net zero carbon emissions by 2070 and to meet 50% of its electricity needs from renewable sources by 2030 marks a historic point in the global effort to combat climate change.
▪️Investment in renewable energy in India reached a record US$ 14.5 billion in FY22, an increase of 125% over FY21.
▪️The growth of the solar energy market is driven by increase in environmental pollution and provision of government incentives & tax rebates to install solar panels.

📌STRENGTH:
1)Experience Management Team .
2)Training and Skill development programs to strengthens Operation & Maintenance Team.✅
3)Investment in Subsidiary Companies Our company has set up Eighteen subsidiary companies for different solar power project. Our subsidiary company have installed multiple MW capacities at Delhi, Rajasthan, Madhya Pradesh, Haryana, Gujrat , Maharashtra etc.✅
4)24/7 Premium Support System.✅
5)ESG (Environment, Social and Governance):Our company help to protect the environment by powering with 100% renewable energy.
6)Existing number, visible order book and favourable national policy support We had an EPC project portfolio of more than 80 MW across India and Africa which combined 4+ MW of projects under floating solar, 13+ MW projects in ground mounted and 55 MW+ projects in rooftop.🔥
7)Conserving precious water and land, through the innovative solution of floating solar.✅

📌FUTURE PLAN:
▪️Company to operate in higher wattage projects going forward.
▪️Expects to diversify into Green Hydrogen.
▪️Rerating opportunity on the horizon.
▪️Leadership in CAPEX - high MW projects.
▪️Scaling up the RESCO Business.

To,
All experts of CG
What to expect in future? Kuch price correction ki umeed hai ya koi or share dekhe😜
From an innocent retailer

Listing like this happened in phantom digital, in which it listed at Rs 315 and IPO price was RS 100 and later on it went to 153. Same here, listing is 2.8x of IPO price but here one thing is solar boom going on like ahasolar, insolation, waare, solex are booming so it may gain because of this boom/momentum and India high green energy targets by 2030.

Phantom is nearly 550 now a days