Om Power Transmission IPO Launches with Strong Demand on Day 1
Om Power Transmission IPO Day 1 LIVE: GMP jumps! Issue set to open at 10 am today
Mint
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The Om Power Transmission initial public offering (IPO) worth ₹150.06 crore opened for bidding on April 9, 2026, with a price band of ₹166 to ₹175 per share. The IPO features a fresh issue of shares and an offer for sale, and is expected to list at ₹182 based on the current grey market premium.
- 01Om Power Transmission IPO worth ₹150.06 crore opens for bidding on April 9, 2026.
- 02Price band set between ₹166 and ₹175 per share.
- 03The IPO includes a fresh issue of 0.76 crore shares and an offer for sale of 0.10 crore shares.
- 04Current grey market premium (GMP) is ₹7, indicating strong demand.
- 05Proceeds will be used for capital expenditure and debt repayment.
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The Om Power Transmission initial public offering (IPO), valued at ₹150.06 crore (approximately $18 million USD), commenced bidding on April 9, 2026, and will remain open until April 13, 2026. The IPO features a fresh issue of 0.76 crore shares totaling ₹132.56 crore and an offer for sale of 0.10 crore shares amounting to ₹17.50 crore. The price band is set between ₹166 and ₹175 per share. Currently, the grey market premium (GMP) has risen to ₹7, suggesting that the shares may list at ₹182, a 4% premium over the upper price band. The funds raised will be allocated for capital expenditures, debt repayment, and general corporate purposes. Beeline Capital Advisors Pvt. Ltd. serves as the lead manager for the issue, while MUFG Intime India Pvt. Ltd. is the registrar.
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The IPO's successful launch may boost investor confidence in the power transmission sector, potentially leading to job creation and infrastructure development.
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