Allocation for the IPO of Om Power Transmission Ltd is likely to be declared on April 15 after the closure of the issue on April 13. While the issue of the company, which sought to raise ₹150.06 crore, generated decent response from investors, it got subscribed 3.33 times in total, as per the data available on the BSE. Those investors, who bid for their share application form, can check their allocation details through the official websites of the exchange as well as the registrar.
The total share offer of the IPO was 75.75 lakh shares worth ₹132.56 crore, and there was an offer for sale of 10 lakh shares for ₹17.5 crore offered by the existing promoter(s). The upper limit of price band stood at ₹175 per share. In the three days bidding period, the company had seen bids for almost 1.99 crore equity shares against 60 lakh offer size. In terms of investor categories, the highest demand came from non-institutional bidders with more than 7 times subscription, followed by QIBs with 3.65 times subscription, and retail bidders with almost 1.54 times subscription.
For the investor community, the subscription ratios indicate that there is some pickiness involved on their part rather than a high level of interest. The grey market premium remains muted at close to 1%, implying a listing with no price upside or limited appreciation. Participants of the market who trade on the NSE and BSE take note of such signals since grey market activity below average implies flat performance on the listing day. Nevertheless, EPC firms associated with power transmission networks can create long-term value given the right order flow execution.
For future reference, the investor needs to keep an eye on the listing date in the vicinity of April 17 and gauge the performance of the stock upon its listing. The stock price behavior on listing and general market conditions will be instrumental in helping to determine if the stock appreciates or remains range-bound. Other important factors which need to be considered include the company’s fundamentals like the projects pipeline, growth rates, and margins once the quarterly report cards become available.
It is advisable for investors to seek the advice of a SEBI-registered financial advisor prior to investing.
Reviewed for accuracy and last updated on April 14, 2026.
