Om Power IPO Day 4: GMP ₹3 (₹-1), Subscription 0.7x
The Om Power IPO, currently open for subscription on the NSE mainboard, has entered its fourth day with a mixed performance across investor categories. As of the close of Day 4, the overall subscription stands at 0.71 times, indicating continued interest but with varying levels of enthusiasm from different investor segments. The IPO, priced at ₹166 per share, is set to close on April 13, 2026, giving potential investors a final opportunity to participate.
| Date | GMP | Est. Listing |
|---|---|---|
| 17 Apr | +₹2 | ₹177 |
| 16 Apr | +₹2 | ₹177 |
| 15 Apr | +₹2 | ₹177 |
| 14 Apr | +₹2 | ₹177 |
| 13 Apr | +₹3 | ₹178 |
Subscription Status
Analyzing the category-wise subscription reveals an interesting dynamic. The Qualified Institutional Buyers (QIB) segment has shown the strongest interest, subscribing 1.18 times. This is a positive signal, as QIB participation often reflects the confidence of institutional investors in a company’s long-term prospects. The Non-Institutional Investor (NII) category, however, is currently undersubscribed at 0.38 times, suggesting a more cautious approach from high-net-worth individuals. The retail segment, a key driver for many IPOs, is also undersubscribed at 0.59 times. With a lot size of 85 shares, retail investors are looking for compelling value propositions to commit their capital.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 1.54x | |
| NII / HNI | 7.06x | |
| QIB | 3.65x | |
| Total | 3.33x |
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 13 Apr | 1.54x | 7.06x | 3.65x | 3.33x |
| 10 Apr | 0.58x | 0.38x | 1.18x | 0.71x |
| 09 Apr | 0.30x | 0.11x | 0.78x | 0.39x |
GMP Update
The Grey Market Premium (GMP) for Om Power IPO has seen a slight dip. Currently standing at ₹3, it has decreased by ₹1 from yesterday’s ₹4. The GMP represents the premium at which the IPO shares are trading in the unofficial market before listing. A ₹3 GMP suggests an expected listing price of approximately ₹169 (Issue Price ₹166 + GMP ₹3). While this indicates a potential modest gain on listing, the decrease from the previous day might be a point of consideration for some investors. The previous GMP of ₹4 had hinted at a slightly higher listing potential.
Should You Apply?
The decision to apply for the Om Power IPO hinges on a balanced assessment of the subscription data and GMP trends. The robust QIB subscription is a notable positive. However, the undersubscription in the retail and NII categories, coupled with the recent dip in GMP, warrants careful consideration. Investors should conduct thorough due diligence on the company’s fundamentals, future growth prospects, and management quality. As per SEBI advisories, investors are encouraged to make informed decisions based on their risk appetite and financial goals. For a comprehensive overview of the Om Power IPO, including financial details and expert opinions, you can View Full Om Power IPO Details.