Om Power Transmission IPO is a book-built issue worth ₹150.06 crores. It includes a fresh issue of 0.76 crore shares amounting to ₹132.56 crores and an offer for sale of 0.10 crore shares worth ₹17.50 crores.
The IPO will open for subscription on April 9, 2026, and close on April 13, 2026. The allotment is expected to be finalised on April 15, 2026, with a tentative listing date of April 17, 2026 on both NSE and BSE.
The price band for the issue is set between ₹166 and ₹175 per share. Investors can apply in lots of 85 shares, requiring a minimum investment of ₹14,875 at the upper price band. For sNII investors, the minimum investment is ₹2,08,250 for 14 lots, while bNII investors need ₹10,11,500 for 68 lots.
Beeline Capital Advisors Pvt. Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. is the registrar. Refer to the RHP for complete details.
(Source: RHP)
Company Overview
Om Power Transmission Ltd. is an engineering, procurement, and construction (EPC) company focused on power transmission infrastructure, with over 14 years of experience. Established in 2011, the company specialises in high-voltage and extra-high voltage transmission lines, substations, and underground cabling projects delivered on a turnkey basis.
Its services cover the entire project lifecycle, including design, engineering, supply, installation, testing, commissioning, and ongoing operation and maintenance. The company has executed projects spanning more than 1,000 circuit kilometres of transmission lines and developed 11 substations.
Om Power Transmission operates across voltage ranges from 11 kV to 400 kV for transmission lines and up to 220 kV for substations. While its core operations began in Gujarat, it has expanded into Rajasthan, Punjab, and the union territory of Dadra and Nagar Haveli and Daman and Diu.
With a strong order book and consistent growth in revenue and profitability, the company continues to strengthen its position through quality execution, technical expertise, and a focus on operational efficiency.
(Source: RHP)
Industry Context
- India’s power sector is expanding rapidly due to urbanisation, industrial growth, and rising electricity demand. This creates strong opportunities for EPC companies like Om Power Transmission Ltd in transmission lines, substations, and grid infrastructure development across regions.
- The shift towards renewable energy, including solar and wind, is increasing the need for robust transmission networks. Companies with EPC expertise play a key role in connecting remote renewable projects to the national grid efficiently.
- Government reforms and initiatives such as Power for All, smart grids, and green energy corridors are modernising the electricity ecosystem. These efforts are driving investments in transmission and distribution, benefiting infrastructure-focused companies.
- Growing private sector participation and policy support are improving efficiency and innovation in the power sector. This evolving landscape supports long-term growth for companies involved in high-voltage transmission, grid expansion, and advanced energy infrastructure solutions.
(Source: RHP)
Business Strengths
- Strong execution track record with over 14 years of experience delivering high-voltage transmission, substation, and underground cabling EPC projects efficiently.
- Robust order book of ₹74,460 lakhs across 58 projects ensures strong revenue visibility and supports consistent business growth and expansion.
- Impressive financial performance with revenue CAGR of 52.45% and profit CAGR of 88.17%, reflecting operational efficiency and scalability.
- Experienced management team with deep expertise in finance, operations, and project execution drives strategic growth and strong industry relationships.
- Proven technical capability in executing complex projects up to 400 kV, supported by quality standards, certifications, and strong operation and maintenance services.
(Source: RHP)
Financial Performance
Om Power Transmission Limited – Financials (₹ in lakh)
| Particulars | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue from Ops | 27,454.28 | 27,943.51 | 18,276.16 | 12,023.63 |
| Total Income | 27,650.19 | 28,164.77 | 18,439.45 | 12,170.73 |
| Profit After Tax | 2,336.80 | 2,208.48 | 741.24 | 623.72 |
| EBITDA | 3,424.45 | 3,565.60 | 1,446.63 | 1,192.94 |
| Operating CF | (3,738.61) | 1,244.61 | 353.08 | 1,005.40 |
| Debt to Equity | 0.32 | 0.26 | 0.52 | 0.59 |
| Total Borrowings | 3,846.75 | 1,890.46 | 2,622.82 | 2,556.91 |
(Source: RHP)
Key Ratios & Metrics (Annualised)
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE (Return on Equity) | 24.28% | 35.83% |
| ROCE (Return on Capital Employed) | 26.53% | 41.76% |
| Debt/Equity | 0.32 | 0.26 |
| RoNW (Return on Net Worth) | 19.50% | 30.40% |
| PAT Margin | 8.45% | 7.84% |
| EBITDA Margin | 12.38% | 12.66% |
| Price to Book Value | – | 5.93 |
(Source: RHP)
Market Outlook & GMP Trends
As of April 7, 2026 at 06:57 PM, the grey market premium (GMP) for Om Power Transmission IPO stood at ₹1.5, indicating a stable trend over recent sessions. With a price band cap of ₹175, the estimated listing price is ₹176.5, suggesting a modest expected gain of 0.86% per share.
Over the past three days, GMP has shown slight upward movement from ₹0 to ₹1.5, reflecting improving sentiment in the grey market. While the trend hints at a positive listing outlook, the premium remains limited, indicating cautious investor optimism rather than strong speculative demand at current levels.
(Note: Grey market data is updated daily based on available market inputs. Grey market trends are unofficial and should not be considered a reliable indicator of listing performance.)
(Source: Investorgain)
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | 9 – 13 April, 2026 |
| Listing Date | Friday, April 17, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹166 to ₹175 per share |
| Lot Size | 85 Shares |
| Issue Type | Book Building IPO |
| Sale Type | Fresh Issue & Offer for Sale (OFS) |
| Total Issue Size | ₹150.06 Crores |
| Min. Retail Investment | ₹14,875 (1 lot) |
| Max. Retail Investment | ₹1,93,375 (13 lots) |
| Listing Exchange | BSE, NSE |
| Employee Discount | Not Available |
(Compiled from RHP and market updates)
Conclusion
Om Power Transmission IPO presents a steady opportunity backed by strong execution capabilities, a growing order book, and consistent financial performance. The company benefits from favourable industry tailwinds driven by rising power demand and renewable energy expansion.
While the GMP trend indicates modest listing gains, the long-term outlook depends on sustained growth and efficient execution. Investors should consider both the company’s fundamentals and sector potential before making a decision, keeping in mind that market conditions and business performance will ultimately shape returns.
Disclaimer: Investment in securities market is subject to market risks. Read all the related documents carefully before investing. This content is purely for information purpose only and in no way is to be considered as an advice or recommendation. The securities are quoted as an example and not as a recommendation. Investors are requested to do their own due diligence before investing.
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