Synopsis: The initial public offering (IPO) of Om Power Transmission Limited entered its second day of bidding today, Friday, April 10, 2026, receiving a measured response from investors. As of the close of Day 2, the issue has been subscribed 0.52 times (52%) overall. While institutional interest remains steady, the retail and non-institutional segments are showing more gradual participation.
Priced between ₹166 and ₹175 per share, the ₹150.06 crore IPO consists of a fresh issue of ₹132.56 crore and an offer for sale (OFS) of ₹17.50 crore. The funds raised will primarily be used for capital expenditure and debt repayment.
Om Power Transmission IPO Day 2: Subscription & GMP Update
Subscription Status: Category-wise Breakdown (Day 2)
As of 5:00 PM on April 10, 2026, the subscription data shows a clear divide between institutional and retail sentiment.
| Investor Category | Subscription Status |
| Qualified Institutional Buyers (QIB) | 0.78x |
| Non-Institutional Investors (NII) | 0.20x |
| Retail Individual Investors (RII) | 0.50x |
| Overall Subscription | 0.52x |
Note: The QIB portion is being led by steady participation from anchor investors, while the retail portion has seen a modest uptick from 0.31x on Day 1 to 0.50x today.
GMP Trend: Why Grey Market Sentiment is Cooling
The Grey Market Premium (GMP) for Om Power Transmission has witnessed a significant dip over the last 48 hours.
- Current GMP: The unofficial premium is currently trading at ₹3.25 to ₹3.50, down from ₹7 earlier in the week.
- Estimated Listing Price: Based on the upper price band of ₹175, the estimated listing price is approximately ₹178.50, indicating a potential listing gain of just ~2%.
- The “Wait and Watch” Approach: Analysts suggest that the drop in GMP reflects broader market caution and the “optical” nature of growth seen in recent infrastructure listings.
Key IPO Details & Timeline
| Event / Detail | Information |
| IPO Dates | April 9 – April 13, 2026 |
| Price Band | ₹166 – ₹175 per share |
| Lot Size | 85 Shares (₹14,875 minimum) |
| Total Issue Size | ₹150.06 Crore |
| Basis of Allotment | April 15, 2026 |
| Listing Date | April 17, 2026 (NSE & BSE) |
Also read about TCS Share
What This Means for a Layman
Think of the Om Power Transmission IPO like a mid-sized apartment project that just opened for bookings. On Day 2, about half of the units (52%) have been spoken for. While the “big banks” (QIBs) have shown early interest, the general public (Retail) is moving slowly, perhaps waiting to see how the market reacts on Monday before the issue closes.
The GMP drop is like the “resale price” of these apartments dropping slightly in the unofficial market. It suggests that if you buy a “unit” today, you shouldn’t expect to sell it for a massive profit on the first day. Instead, this is looking more like a long-term investment in India’s power grid infrastructure rather than a “quick money” scheme.
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