New Delhi, April 13 -- The initial public offering (IPO) of Gujarat-based Om Power Transmission, a power transmission infrastructure engineering, procurement, and construction (EPC) company, witnessed a sharp rise in investor interest, particularly from institutional participants, on the final day of bidding, pushing the subscription rate to over three times.

The issue, which opened on Thursday, April 9, closed today. During the three-day bidding period, it attracted bids for 1.99 crore shares against over 60 lakh shares on offer, resulting in a subscription rate of 3.3 times, according to exchange data.

The non-institutional buyer segment showed strong interest in the issue, with the quota being subscribed seven times, while the qualif...