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Om Power Transmission listing: Shares of Om Power Transmission were off to a firm start as they listed at a premium of up to 6% in the Indian stock market on Friday, April 17.

Om Power Transmission share price debuted 6.29% higher at ₹186 on the NSE as against the initial public offering (IPO) price of ₹175. Meanwhile, on BSE, Om Power Transmission shares listed at 181.10, a premium of 3.49%.

The listing was better than expectations as suggested by the grey market premium (GMP). Om Power Transmission IPO GMP today was just ₹2, signalling a listing pop of 1.14%.

The mainboard offer, worth ₹150.06 crore, was open for bidding from April 9 to April 13. The allotment for the offer was finalised on April 16, and the shares were credited on April 16 to allottees, while to non-allottees, the refund was initiated on the same date.

The offer received a decent response from investors, with the non-institutional investor (NII) quota booked the most at 7.06 times. The qualified institutional buyer (QIB) segment was subscribed 3.65 times, and the retail segment 1.54 times. Overall, Om Power Transmission IPO's subscription status was 3.33 times at the final day of the bidding process.

The offer was a combination of fresh issue of shares of 0.76 crore amounting to ₹132.56 crore and an offer for sale of 0.10 crore shares worth ₹17.50 crore.

The company plans to use the fresh proceeds for funding capital expenditure needs of the company 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.

Om Power Transmission IPO price band was set at ₹166 to ₹175 per share. Investors could apply for the offer in lots of 85 shares and multiples thereafter.

Beeline Capital Advisors acted as the book-running lead manager and MUFG Intime India was the registrar of the issue.

(This is a developing story. Check back for updates)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.

At Mint, Saloni has been part of the markets team for nearly two years, where she currently works as Chief Content Producer. In this role, she plays a key part in shaping market coverage, driving editorial strategy, and ensuring timely, accurate, and insightful reporting across. She has been closely involved in breaking news coverage and in crafting stories that help decode the complex financial developments.

Before joining Mint, Saloni worked with some of India’s leading business newsrooms, including The Economic Times and Business Standard. Throughout her career, she has worn multiple hats—ranging from reporting and editing to contributing in-depth features and identifying new storytelling formats and market trends.

Her experience in fast-paced digital newsrooms has given her an edge in simplifying complex market concepts without losing analytical depth. Outside of work, Saloni enjoys reading books and spending time with her pet.

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