Oriana Power plans to raise up to Rs 60 crore through IPO, says CEO
Oriana Power plans to come out with an Initial Public Offering (IPO) by the end of this month or early August to raise up to Rs 60 crore, its CEO Rupal Gupta said on Friday.
The proceeds will be utilised towards working capital, asset building and technology upgradation, Gupta said at a press conference.
The Draft Red Herring Prospectus (DRHP) has been filed for listing of shares on NSE Emerge.
Gupta said the IPO is expected to hit the market by the end of this month or the first week of August.
