Om Power Transmission is set to launch an initial public offering (IPO) to raise over Rs 150 crore from the primary market. The company provides solutions for power infrastructure. Ahead of its launch, the grey market premium (GMP) indicated a premium of less than 1% for the issue.
Investors who want to bid for shares in the IPO must check the following details before making an investment call.
Om Power Transmission IPO GMP Today
According to InvestorGain, the GMP for the Om Power Transmission IPO stood at Rs 1.5 on April 8. It indicates a listing price of Rs 176.5 apiece at a premium of 0.86% on the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
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Om Power Transmission IPO: Key Details
The Om Power Transmission IPO is a book-built issue of Rs 150.06 crore. It comprises a fresh issue of 76 lakh shares worth Rs 132.56 crore and an offer-for-sale (OFS) of 10 lakh shares amounting to Rs 17.50 crore.
To participate in the IPO, retail investors need to bid for a single lot size of 85 shares, requiring an investment of Rs 14,875. Small Non-Institutional Investors need to bid for 14 lots, amounting to an investment of Rs 2,08,250. Big Non-Institutional Investors can participate in the IPO by bidding for a minimum of 68 lots. It will lead to an investment of Rs 10,11,500.
The price band for the IPO is set at Rs 166 to Rs 175 per share.
The subscription window will be open from April 9 to April 13, with the allotment expected to be finalised on April 15. The company will transfer shares to the demat accounts of successful bidders on April 16, and refunds for non-allottees will be done on the same day.
Shares of the company are scheduled to list on the BSE and NSE on April 17.
Qualified Institutional Buyers (QIBs) will be offered a maximum of 50% of the offer. Retail investors will be allocated a minimum of 35% of the issue, and at least 15% will be reserved for Non-Institutional Investors.
Beeline Capital Advisors Ltd. is the book-running lead manager, and MUFG Intime India Ltd. is the registrar of the issue.
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Use Of Proceeds
The company will use proceeds from the IPO to fund capex, clear debt, fund long-term working capital requirement and for general corporate purposes.
About Om Power Transmission
Om Power Transmission, an Ahmedabad-based infrastructure company, delivers engineering, procurement, and construction (EPC) services focused on power transmission. It has carved out expertise in turnkey execution of extra-high-voltage and high-voltage transmission lines, substations, and underground cabling projects.
Financials
The company reported a 198% year-on-year (YoY) jump in profit after tax (PAT) to Rs 22.08 crore in FY25 from Rs 7.41 crore in FY24. Revenue from operations rose 53% YoY to Rs 279.43 crore in FY25 from Rs 182.76 crore in FY24.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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