Om Power Transmission IPO Set for Listing Tomorrow with Positive Market Signals
Om Power Transmission IPO listing tomorrow: Here’s what GMP hints ahead of debut
Mint
Image: Mint
Om Power Transmission's initial public offering (IPO) is scheduled for listing on April 17, following a successful subscription period. The grey market premium (GMP) indicates a potential listing price of ₹176.5, slightly above the upper IPO price of ₹175. The company aims to raise ₹150 crore for various operational needs.
- 01Om Power Transmission IPO listing set for April 17, 2023.
- 02IPO received strong demand, with non-institutional investors subscribing 7.06 times.
- 03Grey market premium (GMP) indicates a potential listing price of ₹176.5.
- 04Company aims to raise ₹150 crore for machinery, debt repayment, and working capital.
- 05Beeline Capital Advisors is the lead manager for the IPO.
Advertisement
In-Article Ad
The Om Power Transmission IPO, scheduled for listing on April 17, 2023, has garnered significant interest, particularly from non-institutional investors who subscribed 7.06 times. The IPO, priced between ₹166 and ₹175 per share, aims to raise ₹150 crore for operational purposes, including purchasing machinery and repaying debts. The grey market premium (GMP) currently stands at +1.5, suggesting an estimated listing price of ₹176.5, which is about 0.86% higher than the upper IPO price. The IPO consisted of a fresh issue of 75.75 lakh shares and an offer-for-sale of 10 lakh shares from promoters. Beeline Capital Advisors is managing the offering, while MUFG Intime India serves as the registrar.
Advertisement
In-Article Ad
The successful listing of the Om Power Transmission IPO may boost investor confidence in the power infrastructure sector, potentially leading to increased investments in similar companies.
Advertisement
In-Article Ad
Reader Poll
Are you planning to invest in the Om Power Transmission IPO?
Connecting to poll...
Read the original article
Visit the source for the complete story.