The IPO price band is set between ₹166 and ₹175 per equity share, with a minimum lot size of 85 shares. As of Day 2, the IPO has been subscribed 71% overall, with the Qualified Institutional Buyers (QIB) portion subscribed 1.18 times, while the Non-Institutional Investors (NII) and retail portions have been booked at 0.38 times and 0.58 times, respectively. This indicates a strong interest from institutional investors, which often bodes well for the overall success of the offering.

In a notable development, the IPO has secured ₹45.01 crore from three anchor investors, which adds to the confidence surrounding the offering. The grey market premium (GMP) for the IPO currently stands at +₹2, suggesting that the estimated listing price of Om Power Transmission shares could reach ₹177. This positive GMP reflects investor sentiment and expectations regarding the company’s performance post-listing.

SBICAP Securities has provided insights into the valuation of the IPO, stating that at the upper price band of ₹175, the issue is valued at a price-to-earnings (P/E) ratio of 27.1x based on FY25 earnings and 19.2x based on annualized 9MFY26 earnings. This valuation indicates a healthy outlook for the company, especially given its demonstrated financial performance.

According to SBICAP Securities, Om Power Transmission has shown impressive growth, with revenue, EBITDA, and PAT increasing at a compound annual growth rate (CAGR) of 52%, 73%, and 88%, respectively, between FY23 and FY25. This growth trajectory positions the company favorably in the competitive landscape of power transmission services.

Exencial Research Partners has also weighed in, describing Om Power Transmission as a compelling investment opportunity. The company boasts a robust order book exceeding ₹744 crore, strong return metrics, and an improving financial landscape, which further enhances its attractiveness to potential investors. The recommendation is clear: subscribe for a favorable long-term outlook.

The basis of allotment for the IPO will be finalized on April 15, with refunds initiated on April 16. Shares are expected to be credited to demat accounts on the same day, and the official listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is anticipated on April 17. Investors are closely monitoring these developments as they prepare for the next steps in the IPO process.

As the IPO progresses, market observers are optimistic about the potential for Om Power Transmission to make a strong debut. The combination of a solid business model, strong financial performance, and positive investor sentiment could lead to a successful listing, setting the stage for future growth in the power transmission sector.

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Raajmarg Infra Investment Trust has successfully launched its IPO, aggregating approximately INR 60,000 million, and has been oversubscribed nearly 14 times. This marks a significant milestone as it stands as the largest public offering in the road sector in India.

The IPO involved the listing of units on BSE Limited and National Stock Exchange of India Limited, reflecting strong investor interest in infrastructure assets. Raajmarg Infra holds an initial portfolio of five toll road assets, which are expected to generate steady revenue streams.

In addition to Raajmarg’s offering, several other companies are also making headlines with their IPO plans. Rentomojo Ltd aims to raise funds through a fresh issue of Rs 150 crore and an offer-for-sale, with proceeds earmarked for debt repayment and general corporate needs.

Other notable IPOs include Vishvaraj Environment Limited with a size of ₹2,250 crore, SAEL Industries Limited at ₹4,575 crore, and Symbiotec Pharmalab Limited at ₹2,180 crore. Prasol Chemicals Limited is also set to launch an IPO sized at ₹500 crore, while NoPaperForms Solutions Limited is targeting an IPO of approximately ₹500–600 crore.

During the week ending March 27, 2026, SEBI issued observations on six Draft Red Herring Prospectuses (DRHPs), indicating a busy period for the IPO market in India. This surge in activity highlights the growing confidence among investors in the infrastructure and technology sectors.

As the IPO landscape evolves, market observers are keenly watching how these offerings perform post-listing and what impact they will have on the broader market. Details remain unconfirmed regarding the exact timelines for these upcoming IPOs, but the momentum suggests a robust pipeline ahead.

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The Innovision IPO is poised to raise ₹323 crore, with shares priced between ₹521 and ₹548 each. The bidding window for this public offering opens on March 10 and closes on March 12, 2026.

Investors can purchase shares in lots of 27, making the minimum investment significant given the price band. The expected allotment date for shares is March 13, 2026, followed by a listing date on March 17, 2026.

Market Insights

Currently, shares are trading at a grey market premium (GMP) of ₹0, indicating a cautious sentiment among investors. Analysts have mixed views on the IPO’s valuation, with some suggesting that the issue appears highly priced, given its price-to-earnings (PE) ratio stands around 45 at the end of FY25.

Swastika Investmart noted that Innovision’s return on net worth (RoNW) of 35.45% is the highest in its peer group, signaling efficient capital use. This performance partially justifies the premium, although concerns about the high valuation persist.

According to Ventura Securities, Innovision has shown robust growth over the past two years, driven by its expansion in toll plaza management and manpower services. This growth trajectory may attract investors looking for potential in the infrastructure and service sectors.

However, SBI Securities cautioned that the IPO valuations appear to be premium, which could deter some risk-averse investors. The market’s reaction to the IPO will likely depend on the overall sentiment during the bidding period.

Innovision Ltd specializes in providing manpower services, toll plaza management, and skill development training across India. The company’s diverse service offerings position it well within the growing infrastructure sector.

As the IPO date approaches, observers are keen to see how the market will respond to Innovision’s pricing and growth potential. Details remain unconfirmed regarding the final demand and investor interest as the bidding period unfolds.

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The Innovision IPO is scheduled to open for bidding from March 10 to March 12, 2026, with a price band set between ₹521 and ₹548 per share. The company aims to raise a total of ₹323 crore, of which ₹68 crore is reserved for an Offer for Sale (OFS).

The lot size for this IPO is 27 shares, making it accessible for a range of investors. The expected allotment date for shares is March 13, 2026, followed by the anticipated listing date on March 17, 2026. KFin Technologies has been appointed as the registrar for the Innovision IPO.

Market Insights

Currently, shares are trading at a grey market premium (GMP) of ₹0, indicating a cautious sentiment among investors. Analysts have mixed views regarding the IPO’s pricing and valuation. Swastika Investmart noted that Innovision’s return on net worth (RoNW) of 35.45% is significantly higher than its peers, suggesting efficient capital use and partially justifying the premium.

However, Avinash Gorakshkar from the market has pointed out that the issue appears highly priced, with a price-to-earnings (PE) ratio around 45 at the end of FY25. This raises questions about the sustainability of such valuations in the current market environment.

Innovision has shown robust growth over the past two years, driven by its expansion in toll plaza management and manpower services across India. Ventura Securities highlighted this growth trajectory as a positive sign for potential investors.

Despite the optimistic growth outlook, SBI Securities cautioned that the IPO valuations appear to be premium, which could deter some investors. As the bidding date approaches, market participants are closely monitoring the situation.

Details remain unconfirmed regarding the final demand and investor sentiment as the IPO date nears, making it essential for potential investors to stay informed.

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