Om Power Transmission’s ₹150 crore IPO allotment has been finalized after a modest 3.33x subscription, with stronger HNI participation standing out. Share credits and refunds will be processed on April 16, ahead of an April 17 listing on both BSE and NSE. Investors can check allotment status via MUFG Intime India or the BSE website.
Om Power Transmission’s Rs 150 crore IPO is nearing its close with about 81% subscription. Retail demand remains steady, but grey market premiums point to a modest potential listing gain rather than a blockbuster. The EPC company plans to use IPO proceeds for business expansion, reducing debt, and supporting its strong order book amid competitive power transmission projects.
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Citius Transnet InvIT’s ₹1,105 crore IPO began with zero grey market premium, pointing to a flat debut rather than a pop. The road-infrastructure issue drew lukewarm demand on day one, led mainly by non-institutional investors. Because the offer is yield-focused, the stock may hover close to issue price, limiting quick gains for early bidders.
Mehul Telecom’s SME IPO has opened for subscription, raising Rs 28 crore with a price band of Rs 96–98. The issue is aimed at funding working capital and general corporate requirements. Early grey market signals point to a modest premium, suggesting a possible slight gain on listing for investors watching the GMP closely.
Safety Controls and Devices’ Rs 48 crore IPO has opened for bidding with a flat grey market premium, hinting at cautious investor sentiment. The EPC company, focused on substations and solar projects, plans to use proceeds for working capital and debt repayment. While anchor interest and government-linked projects provide comfort, execution risk and SME liquidity remain key watchouts.
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