Om Power Transmission IPO concluded on Monday, receiving a 3.33 times subscription. Meanwhile, as the subscription period completed, the bidders now await share allotment.
The company will complete the share allotment process on April 15, and the shares most likely will make their stock market debut on April 17.
According to official data, the Rs 150-crore initial share sale of power infrastructure company received bids for 1,99,65,140 shares against 60,02,730 shares on offer.
The initial share sale was opened for public subscription on April 9.
Subscription Status
– The shares reserved for non-institutional investors were subscribed 7.06 times.
– The qualified institutional buyers (QIBs) quota received 3.65 times the subscription.
– The retail individual investors (RIIs) section got 1.54 times the subscription.
Om Power Transmission GMP
Despite a decent subscription, the company’s share demand remained due to the grey market. However, it rose slightly from the previous day’s premium. According to Investorgain, Om Power Transmission IPO GMP today is Rs 2.2 (last updated 01:59 PM). With this, the shares are expected to list at Rs 177.2, up 1.26 per cent as compared to the IPO’s price band of 175.
Earlier, Om Power Transmission IPO GMP on Monday was Rs 1.
IPO Details
Price band was fixed at Rs 166-175
Issue Size: Rs 150 crore
IPO Dates: April 9 to April 13
Share Allotment: April 15
Share Listing Date: April 17 (Expected)
Stock Market Holiday Today
The domestic equity market is closed today, April 14, for Ambedkar Jayanti, according to the National Stock Exchange and Bombay Stock Exchange calendars.