Om Power Transmission IPO Allotment Status to be Available Tomorrow: How to Check on NSE, BSE and Registrar Websites

Om Power Transmission IPO Allotment Status Expected to be Finalised on April 15

The allotment of shares for the Om Power Transmission IPO is expected to be finalised tomorrow, April 15, following the closure of the public issue on April 13. Investors who applied for the issue will soon be able to check their allotment status across multiple platforms.

According to the latest BSE data, the power transmission infrastructure EPC company saw a decent response from investors, with the IPO subscribed 3.33 times overall. The issue received bids for 1.99 crore equity shares against an offer size of 60.02 lakh shares during the three-day subscription window.

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The company aimed to raise up to Rs 150.06 crore through the IPO at the upper price band of Rs 175 per share. The issue comprised a fresh issue of 75.75 lakh shares worth Rs 132.56 crore and an offer-for-sale of 10 lakh shares worth Rs 17.5 crore by promoters. Shares are expected to list on the exchanges on April 17.

In the grey market, the stock was trading at a marginal premium of around 1%, indicating a muted listing outlook, according to market observers.

As the investors wait for the allotment, here's how to check status on BSE, NSE, and the designated registrar.

Om Power Transmission, based in Gujarat, undertakes turnkey projects in high-voltage and extra-high voltage transmission lines, substations, and underground cabling, along with operations and maintenance services. The company plans to use IPO proceeds for capital expenditure and debt repayment.

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