The Om Power Transmission initial public offering (IPO) is set to open for subscription on April 9, 2023, and will close on April 13, 2023. The company, based in Ahmedabad, specializes in engineering, procurement, and construction (EPC) services for power transmission infrastructure, and is looking to raise ₹150 crore (approximately $18 million USD) through this offering. The IPO price band is fixed between ₹166 and ₹175 per equity share, with a grey market premium suggesting a potential listing price of ₹176.5 per share, indicating a 0.86% increase over the IPO price. The offering includes 85.75 lakh shares, with 75.75 lakh being fresh issuances and 10 lakh shares sold by promoters. The proceeds will be utilized for purchasing machinery, settling debts, and enhancing working capital. The basis of allotment will be finalized on April 15, with shares expected to be credited to demat accounts by April 16, and listing on the BSE and NSE anticipated on April 17. The IPO has allocated shares for various investor categories, including 50% for qualified institutional buyers (QIB), 15% for non-institutional investors, and 35% for retail investors.