ipos

Nifty Bank fell more than 0.5%, led lower by HDFC Bank and Kotak Mahindra Bank. Nifty Energy ended higher for an eighth consecutive day.

As per the latest GMP, Om Power Transmission shares are expected to list at Rs 176. Investors can expected a marginal listing gains of 1%.

The NSE Nifty 50 closed 1.6% higher to end above 24,200, while the BSE Sensex rallied over 1,200 points or 1.64% to settle above 78,100.

Om Power IPO allotment is expected on April 15, with listing on April 17. Grey market premium suggests modest listing gains of approximately 3%.

Near-term committed capacity additions include 750 megawatts in Navi Mumbai and 485 to 500 megawatts in Vizag.

ICICI Bank and Airtel are among the top gainers on the Nifty. Twelve out of 15 sectoral gauges compiled by the NSE traded lower, led by the NSE Nifty Auto Index's 1.7% fall.

The IPO bidding will close on April 13, with shares offered in a price band of Rs 166Rs 175 apiece.

Ahmedabad-based Om Power Transmission is a power transmission infrastructure engineering, procurement, and construction company.

The coming week will witness the launch of two IPOs for subscription including one mainboard and one SME IPO and few lisitngs.

Blackstone plans to raise about $2 billion from the IPO, which could begin formal marketing later this month, Bloomberg reported earlier Friday.

The Pune-based company, which filed preliminary IPO papers with Sebi in December, obtained its observations on April 9.

Wipro was the only stock trading higher in the Nifty IT Index, up 1.27%. Infosys led the declines, down 2.55%, followed by TCS at 1.97% and Mphasis at 1.90%.

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The issue comprises a fresh equity raise of Rs 132.56 crore along with an offer for sale (OFS) of shares worth Rs 17.50 crore.

The NSE Nifty 50 ended 0.9% lower to settle near 23,780 and the BSE Sensex slumped 1.2% or over 900 points to close marginally above 76,630.

Ahmedabad-based Om Power Transmission is a power transmission infrastructure engineering, procurement, and construction company.

The Ahmedabad-based power transmission firm reported a 198% rise in profit to Rs 22.08 crore in FY25 and plans to use IPO proceeds for capex and debt clearance.

The price band for the IPO is set between Rs 166 and Rs 175 per share.