Noida-based solar energy firm Oriana Power closes its pre-IPO funding round
The Noida-based solar energy solutions provider Oriana Power has closed its pre-IPO funding round for a minority stake of 10 to 11 per cent of the total Initial Public Offering (IPO). Several investors, including Prashant Jain of JSW Energy (Jindal Group), Meru’s founder Neeraj Gupta, and MSMEx’s founder Amit Kumar participated in the funding round, with Anil Kumar Goel leading the investors.
Oriana Power has already filed its Draft Red Herring Prospectus (DRHP) with the National Stock Exchange Emerge (NSE Emerge), the SME-dedicated stock exchange, for its proposed IPO. The IPO will involve the issuance of 50.55 lakh equity shares at a face value of Rs 10 each through the book-building route.
