Oriana Power IPO Allotment To Finalize Today, 85% Listing Gains Expected
Oriana Power, a company that provides solar energy solutions, recently had its Initial Public Offering (IPO) for small and medium-sized businesses.
The IPO started on August 1 and ended on August 3. The process of allocating shares to investors who bid in the IPO is expected to be finalized on August 8, which means today.
People who participated in the bidding can check their allotment status on the official website of the IPO’s Registrar, which is Skyline Financial Services Private Limited.
To check the status of their allotment, investors can follow these steps:
- Go to the Registrar’s website using this link.
- Choose “Oriana Power Private Limited” from the “Company Name” dropdown menu.
- Enter your PAN (Permanent Account Number) in the provided field.
- Click on “Search” and wait for the page with the allotment details to load.
- Your IPO application status should be displayed on the screen.
The IPO for Oriana Power is getting attention in the “gray market,” an unofficial market for trading shares before they officially list on a stock exchange. In this market, the shares of Oriana Power are being traded at a higher price than the IPO price.
This suggests that when the shares are listed on the NSE SME exchange on August 11, they might start at a higher price, potentially resulting in good profits for early investors.
For those who didn’t get allotted shares in the IPO, the refund process will start on August 9. On August 10, shares will be credited to the demat accounts of those who were allotted shares.
The vision of Oriana Power company to provide customized and affordable solar energy solutions to the people. Before the IPO, the company received investment from notable investors in the energy industry.
The shares of Oriana Power are expected to be available for trading on 11th August on the NSE SME exchange. And as stated above, the potential listing gains can be up to 85% or higher.