Om Power Transmission Sets IPO Price Band at ₹166-175, Key Dates Announced

Original: Om Power Transmission IPO: Price band set at ₹166-175 apiece; check key dates, issue details, more

Mint•Apr 6, 20263 min

In a Nutshell

Om Power Transmission has set its initial public offering (IPO) price band at ₹166 to ₹175 per share, aiming to raise ₹150 crore through the offering. The IPO subscription period runs from April 9 to April 13, with shares expected to list on the BSE and NSE on April 17.

Key Points

01IPO price band fixed at ₹166-175 per share.
02Subscription period from April 9 to April 13.
03Allocation to anchor investors on April 8.
04Company aims to raise ₹150 crore through the IPO.
05Shares expected to list on April 17.

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Full Summary

Om Power Transmission, an engineering, procurement, and construction (EPC) company based in Ahmedabad, has announced its initial public offering (IPO) price band at ₹166 to ₹175 per share. The company plans to raise ₹150 crore by offering 85.75 lakh shares, which includes a fresh issue of 75.75 lakh shares and an offer-for-sale of 10 lakh shares by promoters. The IPO subscription will open on April 9 and close on April 13, with allocation to anchor investors scheduled for April 8. The shares are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on April 17. The proceeds from the IPO will be used for acquiring machinery, repaying debts, and meeting working capital needs. Om Power Transmission specializes in high-voltage and extra-high voltage transmission infrastructure and has over 14 years of industry experience.

Key Figures

₹150 crore

Total amount the company aims to raise through the IPO

85.75 lakh

Total shares being offered in the IPO

April 17

Expected listing date on BSE and NSE

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Why It Matters

The IPO could provide financial support for Om Power Transmission, potentially leading to increased job creation and infrastructure development in the power transmission sector.

Who is affected

Investors, employees in the power sector, and local communities benefiting from improved infrastructure.

What to know

Investors should consider their options and consult financial advisors before participating in the IPO.

FAQ

The IPO aims to raise funds for acquiring machinery, repaying debts, and meeting working capital needs.

Shares will be credited to the demat accounts of allottees on April 16.

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