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Om Power Transmission IPO is a Book Built Issue aggregating up to 150 crore 6 lakh 25 thousand rupees. The issue consists of a fresh issue of 75,75,000 shares (aggregating up to 132 crore 56 lakh 25 thousand rupees) and an offer for sale of 10,00,000 shares (aggregating up to1 crore 75 lakh 25 thousand rupees).
The IPO will open for subscription on 9 April 2026 and close on 13 April 2026. The basis of allotment will be finalized on 15 April 2026. The shares will be listed on BSE and NSE on 17 April 2026.
The price band for the IPO is set at ₹166 to ₹175 per share. The minimum amount required for a retail investor is ₹14,875 (1 shares, 85 lot). The minimum amount required for an sHNI investor is ₹2,08,250 (1,190 shares, 14 lots).
Beeline Capital Advisors Pvt Ltd is the lead manager and MUFG Intime India Private Limited is the registrar of the IPO.
Refer to Om Power Transmission RHP for more detailed information.
IPO Details Upcoming
IPO Issue Details
Om Power Transmission IPO Lot Size & Required Amount
Number of Shares Per Lot = Shares
| Application | Lot(s) | Shares | Amount |
|---|---|---|---|
|
Retail (Min) Minimum investment required for Retail Individual Investors (RII). |
1 | 85 | ₹14,875 |
|
Retail (Max) Maximum investment allowed for Retail Individual Investors (Must be under ₹2 Lakhs). |
13 | 1105 | ₹1,93,375 |
|
S-HNI (Min) Minimum investment for Small High Net-worth Individuals (sHNI) (Must be above ₹2 Lakhs). |
14 | 1190 | ₹2,08,250 |
|
S-HNI (Max) Maximum investment for Small High Net-worth Individuals (sHNI) (Must be up to ₹10 Lakhs). |
67 | 5695 | ₹9,96,625 |
|
B-HNI (Min) Minimum investment for Big High Net-worth Individuals (bHNI) (Must be above ₹10 Lakhs). |
68 | 5780 | ₹10,11,500 |
IPO Reservation
Om Power Transmission IPO offers total 8575000 shares (100.00%) . Out of which 4287175 shares (50.00%) allocated to QIB, 1286475 shares (15.00%) allocated to NII, 3001350 shares (35.00%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
|
QIB Shares Offered
Qualified Institutional Buyers (e.g., mutual funds, banks). |
4287175 shares (50.00%) |
|
NII (HNI) Shares Offered
Non-Institutional Investors, also known as High Net-worth Individuals. |
1286475 shares (15.00%) |
|
Retail Shares Offered
Retail Individual Investors applying for up to ₹2 Lakh. |
3001350 shares (35.00%) |
| Total Shares Offered | 8575000 shares (100.00%) |
| 30 Dec 25 In Cr. | 31 Mar 25 In Cr. | 31 Mar 24 In Cr. | 31 Mar 23 In Cr. | |
|---|---|---|---|---|
| Assets | 240.06 | 150.17 | 117.85 | 105.14 |
| Revenue | 276.5 | 281.65 | 184.39 | 121.71 |
| Profit After Tax | 23.37 | 22.08 | 7.41 | 6.23 |
| EBITDA | 34.24 | 35.66 | 14.47 | 11.93 |
| Net Worth | 119.84 | 72.65 | 50.64 | 43.36 |
| Total Borrowing | 93.17 | 72.05 | 50.04 | 42.76 |
| Reserves & Surplus | 38.47 | 18.9 | 26.23 | 25.57 |
Financial Performance Indicator (FPI)
| FPI | 31 Dec 2025 | 31 Mar 2025 |
|---|---|---|
ROE Return on Equity (ROE) is a measure of financial performance... | 24.28% | 35.83% |
ROCE Return on Capital Employed indicates how efficiently a company uses its capital. | 26.53% | 41.76% |
Debt/Equity A ratio comparing total liabilities to shareholder equity. | 0.32 | 0.26 |
| RoNW | 19.50 | 30.40 |
| PAT Margin | 8.45% | 7.84% |
| EBITDA Margin | 12.38% | 12.66% |
| Pre IPO | Post IPO | |
|---|---|---|
EPS Rs Earnings Per Share is a company's profit divided by outstanding shares. | 9.17 | |
| Promoter Holding | 93.36% |
IPO Peer Comparison
| Company Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Viviana Power Tech | 25.15(Viviana) | 32.96(Viviana) | 32.96(Viviana) | 95.10(Viviana) | 34.65(Viviana) | (Viviana) |
| Advait Energy Transitions | 57.52(Advait) | 29.06(Advait) | 28.82(Advait) | 182.03(Advait) | 16.27(Advait) | (Advait) |
| Rajesh Power Services | 16.38(Rajesh) | 57.74(Rajesh) | 57.74(Rajesh) | 146.31(Rajesh) | 35.44(Rajesh) | (Rajesh) |
| Om Power Transmission | (Om) | 8.98(Om) | 8.98(Om) | 29.53(Om) | 30.40(Om) | (Om) |
IPO Subscription Status
Currently there is no any subscription data available for IPO. IPO subscription Status data will be available on because IPO will open for subscription on and close on .About
Incorporated on 29 June 2011, Om Power Transmission Limited is an engineering, procurement, and construction (EPC) company operating in the power transmission infrastructure sector. The company provides integrated end to end turnkey solutions, covering everything from conceptualisation, design, engineering, and supply, to erection, installation, testing, and commissioning. It specialises in power transmission infrastructure designing, building, and maintaining the high voltage backbone that moves electricity from generation sources to end consumers across India.The company’s operations are divided into four primary business verticals:
Transmission Line EPC Projects: The company designs, engineers, and constructs high voltage (HV) and extra-high voltage (EHV) transmission lines ranging from 11 kV to 400 kV. These projects involve a supply component (procuring towers, conductors, optical fibre cables, and stringing accessories) and a service component (detailed route surveys, site preparation, tower foundation, stringing, testing, and securing statutory approvals)
Substation EPC Projects: The company provides end to end EPC services for building conventional and renewable energy evacuation substations ranging from 66 kV to 220 kV. This includes constructing Air Insulated Substations (AIS) and Gas Insulated Substations (GIS), as well as integrating SCADA (Supervisory Control and Data Acquisition) monitoring systems for remote supervision and operational efficiency.
Underground Cabling Projects: For areas where overhead lines are not feasible due to space constraints or safety concerns, the company executes underground cable projects for HV and EHV power systems.
Operation and Maintenance (O&M) Services: The company provides comprehensive, long term O&M services for substations (up to 220 kV) and transmission lines. This encompasses preventive and corrective maintenance, routine condition based maintenance, round the clock system monitoring, real time data logging, and specialized equipment testing to ensure the continuous availability and reliability of assets.
Credentials: The company holds a “AA Class” certification from GETCO (Gujarat Energy Transmission Corporation), the highest category authorising it to erect transmission towers up to 400 kV and substations up to 220 kV. It is also triple ISO certified: ISO 9001:2015 (Quality), ISO 45001:2018 (Safety), and ISO 14001:2015 (Environment).
Clients: Over 83% of the order book comes from public sector undertakings such as state electricity utilities. The private client base includes renewable energy developers (K P Energy Ltd), industrial users, and infrastructure projects including the Mumbai–Ahmedabad Bullet Train corridor.
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:| S.No | Objects | Amount (in ₹, Cr) |
| 1 | Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment | 11.21 |
| 2 | Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company | 25.00 |
| 3 | Funding long-term working capital requirement of the Company | 55.00 |
| 4 | General Corporate Purposes | |
| Total | 91.21 |
IPO Review
Strength1. Massive Order Book Relative to Revenue: The order book stood at ₹744.60 Cr as of 31 December 2025 approximately 2.7× annual revenue. A book to bill ratio above 2.5× provides exceptional near term revenue visibility and reduces earnings uncertainty significantly for investors.
2. Dominant PSU Client Base: Over 83% of the order book comes from state utilities and government entities.
3. Diversified Business Verticals: Transmission lines (70% of order book), substations (23%), underground cabling (4%), and O&M services (4%)
Weakness1. Heavy Geographic Concentration in Gujarat: Despite the recent expansion, 79% of the December 2025 order book is still from Gujarat.
2. PSU Dependency: 83% revenue comes from PSU.
3. Negative Operating Cash Flow: Despite strong profits, the company reported negative cash flow from operations.
4. Capital Intensive Industry: EPC is a business where scale matters enormously. Larger competitors like Adani Transmission, KEC International, and Sterlite Power have far greater financial muscle for large bids, better procurement terms, and access to cheaper capital.