**Om Power Transmission shares continued their strong momentum after listing, jumping as much as 12% over the issue price of ₹175 per share. The stock listed at ₹186 on the National Stock Exchange (NSE), marking a premium of 6.2% to the IPO price, and extended gains during the session to hit a high of ₹195.30. On the BSE, the shares debuted at ₹181.10, reflecting a more modest premium of 3.5% from the issue price, and later climbed to an intraday high of ₹190.15. The listing performance comes after moderate investor interest in the public issue, which was subscribed 3.33 times overall, indicating positive investor sentiment toward the company despite only moderate subscription levels during the IPO bidding process.
The public issue was subscribed 3.33 times in total, with the Retail Individual Investors (RIIs) segment booked 1.54 times, while the Non Institutional Investors (NII) portion was subscribed 7.06 times. The Qualified Institutional Buyers (QIBs) category received 3.65 times subscription. The IPO allotment date was April 15, Wednesday, and the company raised ₹150.06 crore from the book-building issue, which was a combination of fresh issue of 75.75 lakh equity shares worth ₹132.56 crore, and offer for sale of 10 lakh shares amounting to ₹17.50 crore. The mainboard offer was open for bidding from April 9 to April 13, with allotment finalised on April 16 and shares credited to allottees on the same date. As per ET Now, the IPO received bids for 1,99,65,140 shares against 60,02,730 shares on offer.
**The Om Power Transmission IPO price band was ₹166 to ₹175 per share, with Beeline Capital Advisors serving as the book running lead manager and MUFG Intime India as the registrar. The company's shares will be listed on both BSE and NSE, with the stock being a part of Special Pre-open Session (SPOS) on Friday, April 17, 2026. The offer was structured as a combination of fresh issue of 0.76 crore shares worth ₹132.56 crore and an offer for sale of 0.10 crore shares worth ₹17.50 crore. Investors could apply for the offer in lots of 85 shares and multiples thereafter, with the grey market premium of ₹2 per share indicating a muted debut that was significantly exceeded by the actual listing performance.
Om Power Transmission operates as an engineering procurement and construction (EPC) contractor in the power distribution sector, involved in the execution of extra-high-voltage and high-voltage transmission lines, substations and underground cabling projects on a turnkey basis. The company plans to use the fresh proceeds for funding capital expenditure needs towards the purchase of machinery and equipment, repayment of certain borrowings availed by the company and funding long-term working capital needs, along with general corporate purposes. The company expects to benefit from enhanced visibility and brand image, and creation of a public market for its equity shares in India.
