The Om Power Transmission IPO starts today. This includes information on GMP changes, a review, and highlights of the issue.
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The Om Power Transmission IPO will be open from April 9 to April 13, with a share price range of ₹166 to ₹175. The company has secured ₹45.01 crore from anchor investors and aims to raise ₹150 crore to support its infrastructure development projects.
The Om Power Transmission IPO will open for subscription from April 9 to April 13, with a price range of ₹166 to ₹175 per share and a lot size of 85 shares. The company has already secured ₹45.01 crore from anchor investors such as Craft Emerging Market Fund PCC, Morgan Stanley Asia (Singapore), and Sunrise Investment Trust. Om Power Transmission is an EPC company specializing in power transmission infrastructure and has over 14 years of experience.
The IPO will reserve up to 50% for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and 35% for retail investors. Currently, the grey market premium is about ₹7, which suggests a possible listing price of around ₹182, approximately 4% above the upper price range. However, indications suggest limited short-term gains.
The IPO seeks to raise ₹150 crore through a combination of new shares and an offer for sale. The funds will be used for purchasing machinery, repaying debts, and working capital. Allotment is expected on April 15, refunds and demat credits on April 16, and the listing is anticipated on April 17 on BSE and NSE.
The IPO will reserve up to 50% for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and 35% for retail investors. Currently, the grey market premium is about ₹7, which suggests a possible listing price of around ₹182, approximately 4% above the upper price range. However, indications suggest limited short-term gains.
The IPO seeks to raise ₹150 crore through a combination of new shares and an offer for sale. The funds will be used for purchasing machinery, repaying debts, and working capital. Allotment is expected on April 15, refunds and demat credits on April 16, and the listing is anticipated on April 17 on BSE and NSE.
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Originally published on major financial portals.
