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Power IPO Opens Amid Slow Subscription
9 Apr
Summary
- Om Power Transmission's Rs 150 crore IPO opened April 9, 2026.
- Day 1 saw a slow subscription rate of 0.05 times.
- The IPO has a price band of Rs 166 to Rs 175 per share.
The Initial Public Offering (IPO) for Om Power Transmission, valued at approximately Rs 150 crore, opened for subscription on April 9, 2026. The issue is scheduled to close on April 13, 2026, with an expected listing on both the NSE and BSE on April 17, 2026.
As of 11:00 AM on the first day, the IPO experienced a slow subscription rate of 0.05 times. The retail investor portion saw a subscription of 0.10 times, while the non-institutional investor segment registered a minimal 0.01 times demand. Qualified institutional buyers had not yet placed any bids.
The IPO's price band is set between Rs 166 and Rs 175 per share. The grey market premium (GMP) indicated a modest listing outlook, with an estimated listing price around Rs 179. A lot size of 85 shares means a minimum investment of Rs 14,875 for retail investors.
Om Power Transmission, established in 2011, operates as an EPC contractor in the power transmission sector, handling high-voltage lines and substations. Proceeds from the IPO will be used for capital expenditure, debt repayment, and working capital. The company reported revenue of Rs 281.65 crore and a profit after tax of Rs 22.08 crore in FY25.
