Om Power Transmission IPO 81% Subscribed, QIBs 1.18x
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- Om Power Transmission announced its IPO will list on BSE and NSE on April 17 with a fresh issue of Rs 133 crore and an OFS of Rs 17 crore, pricing at Rs 176‑177 per share versus the Rs 175 issue price.
- Qualified Institutional Buyers (QIBs) oversubscribed the IPO by 1.18 times, taking up 17.15 lakh shares.
- Retail Individual Investors (RIIs) subscribed 74% of their 30.01 lakh share allocation.
- Non‑Institutional Investors (NIIs) took 49% of the 12.86 lakh shares reserved for them.
- Grey market premium fell to about 1%, down from a previous 2%, indicating a modest listing gain.
- Om Power Transmission reported an order book of Rs 744 crore across 58 projects, nine‑month revenue of Rs 276 crore, PAT of Rs 23 crore, with a 12% EBITDA margin and 8% PAT margin.
- IPO proceeds will be allocated to Rs 55 crore working capital, Rs 25 crore debt repayment, and Rs 11 crore capital expenditure.
Why it matters: Retail investors and QIBs stand to benefit from the IPO’s allocation and modest listing gain, while the company secures capital for expansion, debt reduction, and capex, strengthening its balance sheet amid a stable order pipeline. The modest grey‑market premium also suggests limited upside for short‑term traders, indicating that the primary upside lies in the firm’s long‑term project pipeline.
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