Om Power Transmission Shares Begin Public Trading with 6% Premium to Initial Offering Price
Om Power Transmission
IPOOm Power Transmission Makes Decent Market Debut with 6% Premium
Om Power Transmission, a leading power transmission company, made a strong market debut on Friday, listing at a premium of 6.29% over its initial public offer (IPO) price on the National Stock Exchange (NSE). The company's shares were listed at Rs 186 per share, surpassing market expectations.
The Rs 150-crore IPO issue had a price band of Rs 166-175 per share and was subscribed 3.33 times in the primary market between April 9-13. On the Bombay Stock Exchange (BSE), the shares of the company were listed at Rs 181.10 per share, a premium of 3.49%.
Market Capitalisation Reaches Rs 620.18 Crore
The company's market capitalisation post listing of shares stood at Rs 620.18 crore. This is a significant milestone for Om Power Transmission, marking a new chapter in its growth journey.
Subscription Numbers
The IPO issue received strong subscription numbers, with the category for non-institutional investors fetching 7.06 times subscription. The quota for qualified institutional buyers (QIBs) received 3.65 times subscription, while the portion meant for retail individual investors (RIIs) got subscribed 1.54 times.
| Category | Subscription Times |
|---|---|
| Non-Institutional Investors | 7.06 |
| Qualified Institutional Buyers (QIBs) | 3.65 |
| Retail Individual Investors (RIIs) | 1.54 |
Read also: SMR Jewels IPO Successfully Lists with Institutional Support
Investor Takeaway
Om Power Transmission shares listed with a 6% premium, indicating a positive market debut.
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