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Om Power share price jumps 10% in debut trade | IPO listing

Summary

Om Power Share Price: Om Power Transmission had issued its shares at Rs 175 via IPO. Om Power Transmission, which is a power infrastructure company, commanded a market capitalisation of Rs 651.17 crore.

Om Power share price jumps 10% in debut trade | IPO listing
Om Power share price jumps 10% in debut trade | IPO listing

Om Power Share Price Listing: Shares of Om Power Transmission on Friday (April 17) surged as much as 11 per cent to end the listing session on a strong note. Om Power shares close at Rs 193.38 on NSE, up 10.5 per cent from the IPO issue price of Rs 175.

On the BSE, Om Power Transmission settled 8.66 per cent higher at Rs 190.15.

Om Power Transmission, which is a power infrastructure company, commanded a market capitalisation of Rs 651.17 crore, according to BSE data.

Om Power Share Price Listing BSE

Earlier in the morning, Om Power shares listed with a premium of over 6 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. Later, it jumped 8.65 per cent to Rs 190.15.

Om Power Share Price Listing NSE

At the NSE, the stock began the day at Rs 186, registering a jump of 6.28 per cent.

The initial public offering of Om Power Transmission Ltd received 3.33 times subscription.

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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