Mumbai:
Shares of power infrastructure company Om Power Transmission Ltd made a decent debut on Friday, listing at a 6 per cent premium to the issue price of Rs 175. The listing at a premium is significant amid market volatility. The stock opened trading at Rs 186, up 6.28 per cent from the issue price on the National Stock Exchange. Later, it surged 11.42 per cent to hit a high of Rs 195 apiece. Also, the listing is better than what the grey market premium (GMP) had suggested.
On the BSE, Om Power Transmission’s shares made a debut at Rs 181.19, registering a 3.49 per cent jump. Later, it hit a high of Rs 190.15, a gain of Rs 15.15 or 8.66 per cent. The market cap of the company stood at Rs 651.17 crore.
