Om Power Transmission IPO Day 1: 6% subscribed, retail
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- Om Power Transmission IPO was subscribed 6% overall on Day 1, with retail investors subscribing 11% of their allotted shares, while non-institutional investors subscribed 2% and QIBs had no bids.
- Grey market trends indicate a modest listing premium of around 4% (Rs 7) over the issue price of Rs 175, suggesting an estimated listing price of Rs 182.
- The company secured Rs 45 crore from anchor investors on April 8, reflecting some institutional interest despite the overall subdued secondary market signals.
- Om Power Transmission is an EPC company specializing in power transmission infrastructure, with an order book of Rs 744 crore across 58 projects as of December 2025, and plans to use IPO proceeds for working capital, debt repayment, and capital expenditure.
Why it matters: The IPO aims to raise Rs 150 crore, with shares scheduled to list on the BSE and NSE on April 17.
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