Om Power Transmission IPO Allotment Today: Check Status Online; GMP And Other Details

Om Power Transmission’s initial public offering (IPO) share allotment is expected to be finalised on April 15. The subscription window for the public issue opened on April 9 and closed on April 13. All successful bidders will receive their allotment on April 16, and those who failed to receive a share allotment will receive the redemption amount on the same day. The stock is expected to debut on NSE and BSE on April 17. For the issue, Beeline Capital Advisors was the book-running lead manager, and MUFG Intime India is the registrar. The grey market premium (GMP) indicates decent gains on the listing of the stock.

By the end of the bidding window, Om Power’s IPO garnered firm demand from across investor classes. Investors subscribed to around 19.97 million shares, over 3.3 times the offer size. Non-institutional investors (NIIs) led the demand at the issue, booking over 7 times their quota, or applying for 9.08 million shares. Larger NIIs booked over 8 times their quota, while smaller NIIs booked around 5 times their quota.

Om Power’s IPO was a book-build issue of Rs. 150.06 crore. The issue had a mix of fresh issue of 7.6 million shares along with an offer-for-sale (OFS) component consisting of 1 million shares. The price band of the issue was at Rs. 166-177 per share with the lot size of 85 shares. Retail individual investors needed to invest at least Rs. 14,875 to apply.

Om Power IPO GMP indicates decent gains on listing. According to the latest GMP posted across websites, shares of the company are expected to be listed at Rs. 4.5 premium to the price at the issue, or at Rs. 179.5 per share with nearly 2.6 per cent gain. The GMP has marginally improved since the bidding window opened.