The initial public offering (IPO) of Om Power Transmission, a Gujarat-based company specializing in power transmission infrastructure, saw a significant subscription rate of 3.3 times on its final bidding day. The IPO, which opened on April 9, 2025, attracted bids for 1.99 crore shares against an offer of 60 lakh shares. Notably, the non-institutional buyer segment was highly active, with a subscription rate of 7 times, while the qualified institutional buyer (QIB) and retail investor portions were subscribed 3.65 times and 1.54 times, respectively. The IPO aims to raise ₹150 crore (approximately $18 million USD) and is priced between ₹166 and ₹175 per share. The proceeds will be used for capital expenditures, machinery purchases, debt repayment, and working capital needs. The grey market premium (GMP) for the shares is currently at ₹1.3, suggesting a potential listing price of ₹177, indicating a modest upside over the upper issue price. The shares are expected to be allotted by April 15, 2025, and will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on April 17, 2025.