Om Power Transmission IPO Allotment Status: Check via BSE, NSE, and MUFG Websites

Om Power Transmission IPO Set to Debut Amid Market Volatility

The Indian stock markets will witness the debut of Om Power Transmission public offer on Friday, amidst the ongoing volatility triggered by the Iran war. Ahead of the D-Street listing, the allotment of the IPO is likely to be finalized today.

Investors who subscribed to the offering will soon be able to verify their allotment status through various platforms. The IPO received a moderate response, getting subscribed 3.33 times overall, according to the latest data available on the BSE. The issue attracted bids for nearly 1.99 crore equity shares against an offer size of 60.02 lakh shares during the three-day subscription period.

| Segment | Subscription Multiple | | --- | --- | | Non-Institutional Investors (NIIs) | 7.06 times | | Qualified Institutional Buyers (QIBs) | 3.65 times | | Retail Investor Segment | 1.54 times |

Demand was strongest from non-institutional investors (NIIs), who subscribed 7.06 times their quota. Qualified institutional buyers (QIBs) bid 3.65 times, while the retail investor segment was subscribed 1.54 times.

The company aimed to raise around Rs 150.06 crore at the upper price band of Rs 175 per share. The IPO consisted of a fresh issue of 75.75 lakh shares worth Rs 132.56 crore, along with an offer-for-sale (OFS) of 10 lakh shares valued at Rs 17.5 crore by promoters. The stock is expected to debut on the exchanges on April 17.

In the grey market, the shares were trading at a slight premium of about 1%, suggesting a subdued listing performance, as per market participants.

Om Power Transmission operates in the power transmission EPC space, handling turnkey projects involving high-voltage and extra-high voltage transmission lines, substations, and underground cabling. It also provides operations and maintenance services. The company intends to use the IPO proceeds primarily for capital expenditure and repayment of debt.