Om Power Transmission IPO begins today with GMP movement, review, and issue highlights

Om Power Transmission IPO will open for subscription on April 9 and close on April 13, with a price band of ₹166 to ₹175 per share and a lot size of 85 shares. The company has already raised ₹45.01 crore from anchor investors, including Craft Emerging Market Fund PCC, Morgan Stanley Asia (Singapore), and Sunrise Investment Trust. Om Power Transmission is an EPC company focused on power transmission infrastructure with over 14 years of experience. The IPO reserves up to 50% for QIBs, at least 15% for NIIs, and 35% for retail investors. The grey market premium is currently around ₹7, indicating a possible listing price near ₹182, about 4% higher than the upper price band, though signals suggest limited short-term gains. The IPO aims to raise ₹150 crore through a mix of fresh issue and offer for sale, with funds to be used for machinery purchase, debt repayment, and working capital. Allotment is expected on April 15, refunds and demat credits on April 16, and listing is likely on April 17 on BSE and NSE.