Om Power Transmission IPO fully subscribed on Day 3: Check allotment date and steps

Om Power Transmission IPO: The initial public offering of Om Power Transmission Limited, a power transmission infrastructure engineering, procurement, and construction (EPC) company, was fully subscribed on Monday, April 13, the final day of bidding.

It secured bids for 63,91,065 shares compared to 60,02,730 shares on offer, according to the BSE data until 12:39 pm.

The part reserved for qualified institutional buyers (QIBs) has been subscribed 1.18 times, while non-institutional investors (NIIs) booked their portion 1.33 times. The quota for retail individual investors (RIIs) was subscribed 89%.

The initial public offering, with a price band of ₹166 to ₹175 per share, aims to raise ₹150.06 crore via fresh issuance of ₹132.56 crore and an offer for sale of ₹17.50 crore by the company's promoters Kanubhai Patel, Vasantkumar Narayanbhai Patel and Kalpesh Dhanjibhai Patel.

The fresh issue proceeds will be used for the following objectives:

• Fund capital expenditure needs for the purchase of machinery and equipment
• Debt repayment of certain outstanding borrowings
• Long-term working capital requirements
• General corporate purposes

Om Power Transmission is a power transmission infrastructure EPC firm with more than 14 years of experience. It holds expertise in the execution of high-voltage and extra-high-voltage transmission lines, substations and underground cabling projects delivered on a turnkey basis, involving design, engineering, supply, installation, testing, commissioning, and comprehensive operation and maintenance services.

Om Power Transmission IPO allotment and listing date

Om Power Transmission's IPO allotment is expected to be finalised on April 15. The listing on the NSE and the BSE will take place on April 17.

How to check Om Power Transmission IPO allotment status on NSE

• Visit NSE’s allotment status portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Pick 'Om Power Transmission' under the symbol 'OMPOWER'
• Fill in your application number and PAN card details
• Press the 'Submit' button

Steps to check Om Power Transmission IPO allotment status on MUFG Intime India

• Visit this link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Om Power Transmission Limited’ from IPO names
• Add any one: Application No, DP/Client ID, PAN, or Account No / IFSC
• Click on the ‘Submit’ button

Om Power Transmission IPO GMP

According to investorgain.com and media reports, unlisted shares of Om Power Transmission Ltd are trading at ₹177, reflecting a grey market premium (GMP) of 1.14% compared to the upper price band of ₹175.