Om Power Transmission IPO Subscription Reaches 81% on Final Day
Om Power Transmission IPO Day 3: Subscribed over 80%; GMP and key details
The Economic Times
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Om Power Transmission's initial public offering (IPO) has seen an overall subscription of 81% on its third and final day, with retail investors subscribing at 74%. The grey market premium has decreased to 1%, indicating a modest expected listing price of ₹176-177, slightly above the issue price of ₹175.
- 01Om Power Transmission's IPO is 81% subscribed on the final day.
- 02Retail investors have subscribed 74% of their allotted shares.
- 03The grey market premium has dropped to 1%, indicating muted sentiment.
- 04The expected listing price is around ₹176-177, above the issue price of ₹175.
- 05The IPO proceeds will support business expansion and debt repayment.
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Om Power Transmission's IPO, valued at ₹150.06 crore (roughly $18 million USD), has reached an overall subscription of 81% by the end of its third day of bidding. The retail segment has seen a 74% subscription rate. The grey market premium has softened to 1%, suggesting a modest listing gain, with expected prices around ₹176-177 compared to the issue price of ₹175. The IPO consists of a fresh issue of ₹133 crore and an offer for sale (OFS) of ₹17 crore. The company reported a revenue of ₹276 crore and a profit after tax (PAT) of ₹23 crore for the nine months ending December 2025, with a stable EBITDA margin of 12%. Proceeds from the IPO will be allocated for working capital, debt repayment, and capital expenditure.
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The IPO's performance reflects investor sentiment and could influence the company's future growth and funding capabilities.
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