Om Power Transmission Shares Rise on Debut
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Om Power Transmission shares end 10.5% higher on debut. IPO subscribed 3.33 times. Market valuation at Rs 651.17 crore.
New Delhi, Apr 17 (PTI) Shares of power infrastructure company Om Power Transmission Ltd on Friday ended with a premium of 10.5 per cent against the issue price of Rs 175.
The stock started trading at Rs 181.10, up 3.48 per cent from the issue price on the BSE. It later jumped 8.65 per cent to settle at Rs 190.15 -- the highest trading permissible limit for the day.
At the NSE, the stock began the day at Rs 186, registering a jump of 6.28 per cent. It later ended at Rs 193.38, rallying 10.50 per cent.
The company's market valuation stood at Rs 651.17 crore.
The initial public offering of Om Power Transmission Ltd received 3.33 times subscription on the closing day of bidding on Monday.
The Rs 150-crore IPO had a fresh issue aggregating up to 75.75 lakh shares and an offer for sale of up to 10 lakh shares.
Price range for the IPO was Rs 166-175 per share.
The stock started trading at Rs 181.10, up 3.48 per cent from the issue price on the BSE. It later jumped 8.65 per cent to settle at Rs 190.15 -- the highest trading permissible limit for the day.
At the NSE, the stock began the day at Rs 186, registering a jump of 6.28 per cent. It later ended at Rs 193.38, rallying 10.50 per cent.
The company's market valuation stood at Rs 651.17 crore.
The initial public offering of Om Power Transmission Ltd received 3.33 times subscription on the closing day of bidding on Monday.
The Rs 150-crore IPO had a fresh issue aggregating up to 75.75 lakh shares and an offer for sale of up to 10 lakh shares.
Price range for the IPO was Rs 166-175 per share.
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