Oriana Energy share worth opened on NSE SME change at ₹302 apiece and went on to hit intraday excessive of ₹317.10 apiece. Nevertheless, revenue reserving quickly triggered and it slipped to its intraday low of ₹286.90 apiece. Oriana Energy share worth as we speak is at the moment quoting round ₹307 per share ranges.

Oriana Energy IPO particulars

Oriana Energy IPO was launched at first of August 2023 and the general public difficulty was opened for bidding from 1st August to third August 2023. The ebook construct difficulty was supplied at a worth band of ₹115 to ₹118 per fairness share and one lot of the general public difficulty was comprising 1200 shares of the corporate. So, minimal funding of a retail investor on this SME IPO was ₹1,41,600 ( ₹118 x 1200). This difficulty was proposed for itemizing on NSE SME change.

Oriana Energy had supplied 5,055,600 shares for itemizing on the above mentioned bourses out of which 1,440,000 shares (28.48 per cent) have been reserved for anchor traders; 9.6 lakh shares (18.99 per cent) have been reserved for QIB traders, 7.2 lakh shares (14.24 per cent) have been reserved for HII class traders whereas 16.8 lakh shares (37.23 per cent) was reserved for retail traders.

The SME firm has claimed that web proceeds of the general public difficulty can be used for working capital necessities of the corporate, investments in subsidiary corporations and assembly the capital expenditure and growth of the corporate.

Up to date: 11 Aug 2023, 01:19 PM IST