Shares of Om Power Transmission made a strong stock market debut and continued positive momentum, rising as much as 12 per cent over the issue price of ₹175.
The stock listed at ₹186 on the NSE, marking a premium of 6.2 per cent to the IPO price. It extended gains during the session to hit a high of ₹195.30. On the BSE, the shares debuted at ₹181.10, reflecting a more modest premium of 3.5 per cent, and later climbed to an intraday high of ₹190.15.
The listing performance comes after moderate investor interest in the public issue, which was subscribed 3.33 times overall.
The IPO aimed to raise ₹150.06 crore, comprising a fresh issue of 75.75 lakh shares aggregating to ₹132.56 crore, along with an offer for sale (OFS) worth ₹17.50 crore by promoters Vasantkumar Narayanbhai Patel, Kanubhai Patel and Kalpesh Dhanjibhai Patel.
The healthy debut indicates positive investor sentiment toward the company despite only moderate subscription levels during the IPO bidding process.