Oriana IPO sees strong response from investors

There has been tremendous enthusiasm among investors regarding the IPO of Oriana Power Limited. This IPO has been subscribed more than 230 times during 3 days of subscription. Investors have spent lavishly to subscribe to the IPO. The price band of Oriana Power Limited’s IPO was Rs 115 to Rs 118 per share.The gray market has also given indications of excellent listing.

This IPO was subscribed more than 176 times on the third day. The IPO was subscribed 251 times in the non-institutional buyers category and 204 times in the retail investors category. Earlier on August 2, the IPO of Oriana Power Limited was subscribed 40.58 times and 13.45 times on the first day.

According to experts tracking the gray market, Oriana Power Limited was trading at a premium of Rs 103 today i.e. on August 3. If the same condition remains till the listing, then the company can benefit up to 87.29 percent to the investors on the first day itself. The IPO of Oriana Power Limited was opened on 1 August. Investors had a chance to subscribe to it till August 3 i.e. Thursday.