Om Power Transmission IPO listing tomorrow: Here’s what GMP hints ahead of debut
Om Power Transmission IPO price band is ₹166-175, with subscriptions from April 9 to 13. The company looked to raise ₹150 crore, focusing on machinery purchases and debt repayment, with shares expected to list on April 17.
Om Power Transmission IPO listing: Shares of Om Power Transmission are slated to list in the Indian stock market tomorrow (Friday, April 17).
Om Power Transmission IPO allotment was finalised yesterday (Wednesday, April 15). Those who have been allocated shares can expect them to be credited to their demat accounts today, Thursday, April 16. Those who have not yet received their shares can also expect to receive the refund today.
The power infrastructure company launched its IPO for subscription from Thursday, April 9, to Monday, April 13. By the conclusion of the bidding period, the offering received a healthy response, particularly from non-institutional investors (NIIs) who subscribed to their portion 7.06 times, followed by qualified institutional buyers (QIBs, whose quota was booked 3.65 times.
Retail investors' segment showed a subscription rate of 1.54 times. Notably, on the third day of the offer, Om Power Transmission IPO subscription status stood at 3.33 times, as reported by the BSE.
Om Power Transmission IPO reserved not more than 50% of the shares in the public issue for QIBs, not less than 15% for NIIs, and not less than 35% of the offer is reserved for retail investors.
Om Power Transmission IPO price band was fixed in the range of ₹166 to ₹175 per equity share of the face value of ₹10. Investors could apply for the mainboard IPO in lot sizes of 85 equity shares and in multiples of 85 equity shares thereafter.
Om Power Transmission IPO GMP today
Ahead of the listing, Om Power Transmission IPO GMP signals a tepid debut.
Om Power Transmission IPO GMP or grey market premium is +1.5. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Om Power Transmission share price was indicated at ₹176.5 apiece, which is 0.86% higher than the IPO price of ₹175.
Based on the grey market activities observed in the last 12 sessions, the current GMP ( ₹1.5) indicates a downward trend. The minimum GMP recorded is ₹0.00, while the maximum is ₹7, according to analysts.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Om Power Transmission IPO details
A power transmission infrastructure EPC firm based in Ahmedabad decided to tap the capital markets to raise ₹150 crore by launching a share sale of 85.75 lakh shares.
This IPO consisted of a fresh issue of 75.75 lakh shares along with an offer-for-sale of 10 lakh shares from the promoters. The funds raised will be mainly used for purchasing machinery and equipment, repaying certain debts, and addressing working capital requirements.
Beeline Capital Advisors is acting as the book-running lead manager, while MUFG Intime India serves as the registrar for the issue.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
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