Oriana Power Ltd. has announced public offering of 5055600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 108.00 per share. The gross proceeds of the issue are expected to be Rs 5,965.61 lakhs.

The company's initial public offer (IPO) will open on 01 August 2023 and is expected to close on 03 August 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 115.00-118.00 per share.

The IPO includes a fresh Issue of 5055600 Equity Shares of the Company at an price of Rs 118.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Oriana Power Ltd. anticipates using the proceeds of the issue for This could include investments in technology, equipment, and infrastructure to support the growth and expansion of the business.

Corporate Capitalventures Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.