Om Power Transmission shares likely to make subdued listing on Friday; check GMP

Om Power Transmission shares are likely to make a subdued listing on Friday, based on the latest grey market trends.

According to platforms tracking the grey market activities, the shares of Om Power Transmission are commanding a GMP of up to 1 percent. Investorgain quoted a GMP of Rs 2.2 for the shares of the company, indicating a listing gain of 1.26 percent. Meanwhile, IPO Watch quoted a GMP of 0.74 percent.

The initial public offering of power infrastructure company received 3.33 times subscription on the closing day of bidding on Monday.

The Rs 150-crore IPO received bids for 1.99-crore shares against 60.02-lakh shares on offer, as per NSE data.

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The category for non-institutional investors fetched 7.06 times subscription. The quota for qualified institutional buyers (QIBs) received 3.65 times subscription and the portion meant for retail individual investors (RIIs) got subscribed 1.54 times.

Price range for the IPO is fixed at Rs 166-175 per share.