Om Power Transmission's Listing Expected to Be Conservative on Friday Amid GMP Factors

Om Power Transmission IPO Sees Modest Listing Expectations

Om Power Transmission's shares are expected to have a subdued listing on Friday, based on the latest grey market trends.

According to platforms tracking grey market activities, the company's shares are commanding a Gross Market Premium (GMP) of up to 1 percent. Investorgain has quoted a GMP of 2.2 for the shares, indicating a listing gain of 1.26 percent. In contrast, IPO Watch has quoted a GMP of 0.74 percent.

The initial public offering (IPO) of power infrastructure company Om Power Transmission received a significant response, with 3.33 times subscription on the closing day of bidding on Monday. The IPO, which aimed to raise Rs 150 crore, received bids for 1.99 crore shares against 60.02 lakh shares on offer, as per NSE data.

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The subscription figures reveal a strong interest in the IPO, 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.

The price range for the IPO has been fixed at Rs 166-175 per share.