Om Power Transmission IPO Day 3 LIVE: The price band for the IPO has been fixed at ₹166 to ₹175 per share.Om Power Transmission IPO Day 3 LIVE: Om Power Transmission’s IPO, a book-built issue valued at ₹150.06 crore, has entered its last day of bidding today, April 13.
The offer opened for subscription on April 9. As of the second day, the IPO was booked 71%. Today is the last day to apply for the mainboard IPO.
The offering includes a fresh issue of 0.76 crore shares worth ₹132.56 crore, along with an offer for sale (OFS) of 0.10 crore shares amounting to ₹17.50 crore.
The price band for the IPO has been fixed at ₹166 to ₹175 per share.
The company intends to use the net proceeds for capital expenditure on machinery and equipment, repayment or prepayment of certain borrowings, long-term working capital needs, and general corporate purposes. Anchor investor bidding was conducted on April 8, 2026.
Beeline Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. serves as the registrar.
Om Power Transmission operates as an EPC (engineering, procurement, and construction) company in the power transmission sector, handling high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, underground cabling, and offering operation and maintenance (O&M) services.
The grey market premium (GMP) for the IPO has declined to ₹2, down from ₹7 earlier. At this level, the expected listing gain stands at about 1.14%, indicating a modest premium over the issue price.
Track this space for LIVE updates on Om Power Transmission IPO Day 3
Prior to its initial public offering, Om Power Transmission IPO has secured ₹45.01 crore from three anchor investors.
The primary anchor investor was the Mauritius-based Craft Emerging Market Fund PCC, which, through its Elite Capital Fund and Citadel Capital Fund, acquired a total of 16.57 lakh shares for over ₹29 crore.
Morgan Stanley Asia (Singapore) purchased 571,000 shares in Om Power Transmission for ₹10 crore, whereas Sunrise Investment Trust, via the Sunrise Investment Opportunities Fund, acquired 343,000 shares for ₹6.01 crore.
The grey market premium (GMP) for the IPO has declined to ₹2, down from ₹7 earlier. At this level, the expected listing gain stands at about 1.14%, indicating a modest premium over the issue price.
Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.<br>
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