Om Power Transmission Makes Waves on Market Debut

Om Power Transmission Ltd made a strong market debut, with its shares listing at a 6% premium compared to the Rs 175 issue price. The stock opened at Rs 181.10 on the BSE, a 3.48% increase.

Trading momentum continued as shares surged to Rs 190.15, marking an 8.65% rise. The NSE witnessed a similar upbeat start, with shares commencing at Rs 186, representing a 6.28% jump.

The company's IPO was oversubscribed by 3.33 times on Monday, generating Rs 150 crore. The issue comprised 75.75 lakh fresh shares and a sale offer of 10 lakh shares, set within a price range of Rs 166 to Rs 175 per share. The market capitalization stood at Rs 642.09 crore.