Oriana Power IPO vs Zeal Global Services IPO

Comparision between Oriana Power IPO and Zeal Global Services IPO.

IPO Details

Oriana Power IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Zeal Global Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Oriana Power IPO	Zeal Global Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	Expert Global Consultants Private Limited
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Share India Securities Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Oriana Power IPO is up to ₹59.66 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹36.46 Cr. The final issue price of Oriana Power IPO is ₹118.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

	Oriana Power IPO	Zeal Global Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹115.00 per share
Issue Price (Upper)	₹118.00 per share
Issue Price (Final)	₹118.00 per share	₹103.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	50,55,600 shares	35,40,000 shares
Fresh Issue Size (Amount)	up to ₹59.66 Cr	up to ₹36.46 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	50,55,600 shares	35,40,000 shares
Issue Size Total (Amount)	up to ₹59.66 Cr	up to ₹36.46 Cr

IPO Timetable

Oriana Power IPO opens on Aug 01, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Oriana Power IPO and Zeal Global Services IPO is Aug 03, 2023, and Aug 01, 2023, respectively.

	Oriana Power IPO	Zeal Global Services IPO
Anchor Bid Date	Jul 31, 2023
Issue Open	Aug 01, 2023	Jul 28, 2023
Issue Close	Aug 03, 2023	Aug 01, 2023
Basis Of Allotment (Tentative)	Aug 08, 2023	Aug 04, 2023
Initiation of Refunds (Tentative)	Aug 09, 2023	Aug 07, 2023
Credit of Share (Tentative)	Aug 10, 2023	Aug 08, 2023
Listing date (Tentative)	Aug 11, 2023	Aug 09, 2023
Anchor Lockin End date 1	Sep 07, 2023	Sep 03, 2023
Anchor Lockin End date 2	Nov 06, 2023	Nov 02, 2023

Financials

Oriana Power IPO P/E ratio is 20.7, as compared to Zeal Global Services IPO P/E ratio of 13.83.

Oriana Power IPO

Zeal Global Services IPO

Financial

Oriana Power Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	2,964.83	3,376.98	282.38	771.29	464.29	75.23
31-Mar-22	5,572.69	10,146.86	695.53	1,775.82	1,159.82	769.07
31-Mar-23	7,799.99	13,395.37	1,268.52	3,621.84	2,950.84	1,489.19
Amount in ₹ Lakhs

Zeal Global Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,203.03	7,671.09	133.60	435.76	375.76	258.00
31-Mar-21	1,893.07	6,094.93	169.61	603.09	543.09	171.41
31-Mar-22	3,194.82	12,127.77	524.30	1,277.22	1,081.82	194.32
31-Jan-23	4,969.26	9,505.38	826.65	2,115.61	1,920.21	1,243.92
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.40%

100.00%

Promoter Shareholding (Post-Issue)

61.41%

73.40%

P/E Ratio

20.7

13.83

Market Cap

₹226.36 Cr.

₹137.09 Cr.

ROE

1.97%

39.07%%

ROCE

46%%

0.56%

Debt/Equity

0.41

0.59

EPS

₹20.85

₹8.46

RoNW

35.36%%

48.73%%

Shares Offered

In the Oriana Power IPO retail investors (RII) are offered 16,80,000 shares while in Zeal Global Services IPO retail investors are offered 16,80,000 shares. Qualified institutional buyers (QIB) are offered 9,60,000 shares in Oriana Power IPO and 0 shares in Zeal Global Services IPO.

	Oriana Power IPO	Zeal Global Services IPO
Anchor Investor Reserveration	14,40,000 shares
Market Maker Reserveration	2,55,600 shares	1,77,600 shares
QIB	9,60,000 shares	0 shares
NII	7,20,000 shares	16,80,000 shares
RII	16,80,000 shares	16,82,400 shares
Employee	0 shares	0 shares
Others
Total	33,60,000 shares	33,62,400 shares

Bids Received (Subscription)

Oriana Power IPO subscribed 176.58x in total, whereas Zeal Global Services IPO subscribed 4.06x.

	Oriana Power IPO	Zeal Global Services IPO
QIB (times)	72.16x
NII (times)	251.74x	4.26x
Big NII (times)
Small NII (times)
RII (times)	204.04x	3.85x
Employee (times)
Other (times)
Total (times)	176.58x	4.06x

Compare with others

Oriana Power IPO	Zeal Global Services IPO
Crop Life Science IPO	Bondada Engineering IPO
Shelter Pharma IPO	Crop Life Science IPO
Sangani Hospitals IPO	Shelter Pharma IPO
Yudiz Solutions IPO	Sangani Hospitals IPO
Zeal Global Services IPO	Yudiz Solutions IPO
Innovatus Entertainment Networks IPO	Oriana Power IPO
Shri Techtex IPO	Innovatus Entertainment Networks IPO
Vinsys IT Services IPO	Shri Techtex IPO
Yasons Chemex Care IPO	Vinsys IT Services IPO
Committed Cargo Care IPO	Yasons Chemex Care IPO

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