Om Power Transmission IPO Sees 0.71% Subscription Rate
Om Power Transmission IPO subscribed 0.71%
Business Standard
Image: Business Standard
Om Power Transmission's initial public offering (IPO) received bids for 42.47 lakh shares, representing a 0.71% subscription rate against the 60.02 lakh shares on offer. The IPO, which opened on April 9, 2026, and closes on April 13, 2026, has a price band set between ₹166 and ₹175 per share.
- 01The IPO was subscribed 0.71 times as of April 10, 2026.
- 02Bids received totaled 42.47 lakh shares against 60.02 lakh shares available.
- 03The price band for the shares is set between ₹166 and ₹175.
- 04Proceeds will fund capital expenditure, debt repayment, and working capital needs.
- 05Om Power Transmission has an order book of ₹744.6 crore across 58 projects.
Advertisement
In-Article Ad
Om Power Transmission's initial public offering (IPO) has been subscribed 0.71 times, with bids for 42.47 lakh shares received against 60.02 lakh shares available. The IPO opened for bidding on April 9, 2026, and will close on April 13, 2026, with a price range set between ₹166 and ₹175 per share. The offer comprises a fresh issue of 75.75 lakh equity shares and an offer for sale of 10 lakh equity shares. The promoters, Kalpesh D. Patel, Kanubhai Patel, and Vasantkumar N. Patel, are selling shares as part of the offer. Funds from the IPO will be allocated to capital expenditure, debt repayment, and working capital needs. As of December 31, 2025, Om Power Transmission reported a consolidated net profit of ₹23.37 crore and sales of ₹274.54 crore. The company primarily serves public sector undertakings (PSUs) and has a significant order book valued at ₹744.6 crore.
Advertisement
In-Article Ad
The subscription rate indicates investor interest and could affect the company's future funding and growth plans.
Advertisement
In-Article Ad
Reader Poll
Are you considering investing in the Om Power Transmission IPO?
Connecting to poll...
More about Om Power Transmission
Read the original article
Visit the source for the complete story.

