Oriana Power IPO allotment and GMP
Oriana Power Limited is all set to announce the IPO share allotment on Tuesday, August 8th. Investors eagerly awaiting the outcome of their applications can access the Oriana Power IPO allotment status through the registrar’s portal, Skyline Financial Services Private Ltd.
The basis of allotment will determine the number of shares allocated to each investor. In case of non-allotment, the refund process will begin on Wednesday, August 9th. For those fortunate enough to secure shares, they will be credited to their demat accounts by Thursday, August 10th.
Mark your calendars as Oriana Power is scheduled to be listed on NSE SME on Friday, August 11th. If you have applied for the Oriana Power Limited IPO, you can effortlessly check your allotment status on the website of the IPO registrar, Skyline Financial Services Private Ltd, by following these simple steps:
Step 1:
Visit the official link – https://www.skylinerta.com/ipo.php, which will redirect you to Oriana Power Limited IPO’s registrar’s website, Skyline Financial Services Private Ltd.
Step 2:
Select the IPO name from the dropdown menu, which will be available only after the allocation process is completed.
Step 3:
Choose any of the three options to check your status – Application No, Demat Account, or PAN.
- Income Tax PAN (permanent account number) number: Enter your 10-digit alphanumeric PAN number and click ‘Submit.’
- Application number or CAF number: Input your application or CAF number exactly as it appears on the acknowledgement paper issued after completing the IPO application process, then click ‘Search’ and ‘Submit.’
- Beneficiary ID: Provide your demat account’s beneficiary ID, combining the depository participant (DP) ID and client ID. Ensure the correct format, and click ‘Submit.’
Step 4:
The screen will display the IPO status and the number of Oriana Power Limited IPO shares allotted to you.
Oriana Power IPO GMP Update:
The grey market premium (GMP) for Oriana Power IPO is currently at +120, indicating a substantial increase compared to previous trading sessions. This suggests that the shares of Oriana Power are trading at a premium of ₹120 in the grey market as of Monday, according to topsharebrokers.com.
Based on the upper end of the IPO price band and the current grey market premium, the estimated listing price for Oriana Power shares is ₹238 per share, a remarkable 101.69% higher than the IPO price.
Analysts from topsharebrokers.com anticipate a strong listing and a positive trend, as evident from the increasing GMP. With such promising prospects, retail investors are encouraged to consider participating in this IPO. The GMP ranges from ₹95 to ₹120, reflecting investors’ willingness to pay above the issue price.
‘Grey market premium’ serves as an indicator of investors’ readiness to pay a premium over the IPO price.
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