Om Power Transmission IPO allotment likely tomorrow; here's how to check status on NSE, BSE and registrar sites

The allotment of shares for the Om Power Transmission IPO is expected to be finalised tomorrow, April 15, following the closure of the public issue on April 13. Investors who applied for the issue will soon be able to check their allotment status across multiple platforms.

As per the latest BSE data, the power transmission infrastructure EPC company saw a decent response from investors, with the IPO subscribed 3.33 times overall. The issue received bids for 1.99 crore equity shares against an offer size of 60.02 lakh shares during the three-day subscription window.

Also Read: PropShare Celestia IPO sees 79% subscription on day 2, non-institutional investors lead

Among investor categories, non-institutional investors led the demand, subscribing 7.06 times their allotted quota. Qualified institutional buyers (QIBs) subscribed 3.65 times, while the retail portion saw a subscription of 1.54 times.

The company aimed to raise up to Rs 150.06 crore through the IPO at the upper price band of Rs 175 per share. The issue comprised a fresh issue of 75.75 lakh shares worth Rs 132.56 crore and an offer-for-sale of 10 lakh shares worth Rs 17.5 crore by promoters. Shares are expected to list on the exchanges on April 17.

Also Read: IPO Action: Two IPOs set to open this week, three listings lined up

In the grey market, the stock was trading at a marginal premium of around 1%, indicating a muted listing outlook, according to market observers.

As the investors wait for the allotment, here’s how to check status on BSE, NSE and the designated registrar.

How to check Om Power Transmission IPO allotment status on registrar site

Visit MUFG Intime India website

Select "Om Power Transmission" from the dropdown menu

Enter details such as PAN, Application Number, or Demat Account Number

Click on the 'Search' button

View your allotment status

How to check Om Power Transmission IPO allotment status on BSE

Go to the BSE website

Click on 'Status of Issue Application' under 'Investor Services'

Select 'Application Status Check'

Choose the issue type and "Om Power Transmission"

Enter your PAN or Application Number

Complete the captcha verification

Click 'Search' to view status

How to check Om Power Transmission IPO allotment status on NSE

Visit the NSE website

Navigate to "Invest" or search for "Verify IPO Bids"

Under Resources & Tools, select IPO Bid Verification

Choose "Om Power Transmission" from the dropdown

Enter your Application Number or PAN

Fill in any additional required details

Complete the captcha verification

Click Submit to check your allotment status

Om Power Transmission, based in Gujarat, undertakes turnkey projects in high-voltage and extra-high voltage transmission lines, substations, and underground cabling, along with operations and maintenance services. The company plans to use IPO proceeds for capital expenditure and debt repayment.