The Om Power Transmission IPO opens for subscription on April 09, 2026, as Ahmedabad-based Om Power Transmission Limited enters the securities market with a mainboard IPO on BSE and NSE. This initial public offering includes a fresh issue of up to 75,75,000 equity shares and an offer for sale of up to 10,00,000 equity shares by existing promoters, aimed at strengthening the company's capital base and funding its robust expansion plans in the power infrastructure sector.
Om Power Transmission Limited was originally incorporated in June 2011 as ‘Om Power Transmission Private Limited’ and has built a scalable business model across providing engineering, procurement, and construction (EPC) services for power transmission, underground cabling, and substation projects. Operating across India with a strong foothold in Gujarat, the company has established a reputation for executing complex electrical infrastructure projects. As of December 31, 2025, the company’s unexecuted order book comprised 58 projects amounting to ₹74,460.27 lakhs (approximately ₹744.60 crore), reflecting its strong market position and project pipeline.
The net proceeds of this Om Power Transmission IPO will fund working capital requirements, repayment or prepayment of certain borrowings availed by the company, and general corporate purposes - supporting the next phase of Om Power Transmission Ltd's growth in the rapidly evolving Indian power sector.
Om Power Transmission IPO Details
| Particulars | Details |
|---|---|
| IPO Date | 09 to 13 Apr, 2026 |
| Listing Date | Fri, Apr 17, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹166 to ₹175 |
| Lot Size | 85 Shares |
| Minimum Investment Required | ₹14,875 (85 shares) |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Issue & OFS |
| Total Issue Size | Up to 85,75,000 Equity Shares |
| Fresh Issue | Up to 75,75,000 Equity Shares |
| Offer for Sale | Up to 10,00,000 Equity Shares |
| Listing At | BSE, NSE |
The Om Power Transmission IPO price band will be decided by the company in consultation with the Book Running Lead Manager. The face value of the equity shares is ₹10 each. Investors must read all related documents carefully and review the IPO application form before investing. The maximum lot size for retail investors will be determined based on the final price band to stay within the ₹2.00 lakh limit.
Om Power Transmission IPO Date & Timeline
| Event | Date |
|---|---|
| Anchor Investor Bidding Date | Wed, Apr 08, 2026 |
| IPO Opening Date | Thu, Apr 09, 2026 |
| IPO Closes | Mon, Apr 13, 2026 |
| Allotment | Wed, Apr 15, 2026 |
| Refund Initiation | Thu, Apr 16, 2026 |
| Credit of Shares | Thu, Apr 16, 2026 |
| Listing Date | Fri, Apr 17, 2026 |
The Om Power Transmission IPO date of opening is April 09, 2026, and the IPO open window closes on April 13, 2026. Listing is scheduled for April 2026 on BSE and NSE on April 17, 2026. The Om Power Transmission IPO is a mainboard IPO with IPO allotment finalised on April 15, 2026. Successful bidders will receive shares in their demat account on April 16, 2026. Those who fail to get the allotment will also receive refunds on April 16, 2026.
Om Power Transmission Limited - Company Overview
Om Power Transmission Limited was incorporated in June 2011 by company promoters including Mr. Kalpesh Dhanjibhai Patel, Mr. Kanubhai Patel, and Mr. Vasantkumar Narayanbhai Patel. The company transitioned from a private limited company to a public limited company in September 2025. Om Power Transmission Ltd has consistently focused on building specialized expertise in electrical contracting, substation construction, and high-voltage transmission lines, building a diverse portfolio backed by established systems and processes leading to consistent growth.
Om Power Transmission Limited operates from its registered and corporate office in Ahmedabad, Gujarat. The company has over 14 years of experience in the power transmission infrastructure sector, demonstrating capabilities in delivering high-voltage ("HV") and extra-high voltage ("EHV") transmission lines, substations, and underground cabling projects. The company's expertise covers the complete EPC value chain including design, engineering, procurement, supply, construction, installation, and commissioning.
Key strengths of the company include its deep technical expertise in EHV transmission and its ability to manage large-scale EPC projects. As of December 31, 2025, the company had 58 ongoing projects across various business verticals.
Registered Office: 703 to 706, 7th Floor, Fortune Business Hub, Nr. Shell Petrol Pump, Science City Road, Sola, Ahmedabad-380060, Gujarat, India.
Om Power Transmission Limited - Business Segments
Om Power Transmission Limited operates a diverse portfolio of electrical infrastructure solutions across four core segments - building a truly integrated power transmission platform across India.
Transmission Line EPC Projects
Transmission line EPC projects are the cornerstone of Om Power's business. The company handles the design, testing, fabrication, and installation of transmission towers and lines. This includes high-voltage lines (HV and EHV) that form the backbone of the national and state power grids. The company has experience in erecting circuit kilometers of transmission lines ranging from 11 kV to 400 kV.
Substation EPC Projects
The company specializes in the construction of electrical substations, ranging from 66kV to 400kV. This segment involves civil works, structural fabrication, and the installation of transformers, switchgears, and control systems. Substation projects are critical for voltage regulation and distribution across the grid.
Underground Cabling Works
As urban areas expand and demand more reliable power with minimal visual impact, Om Power has scaled its underground cabling vertical. This segment focuses on laying high-tension cables in metropolitan and industrial areas, providing a resilient alternative to overhead lines.
Operation and Maintenance (O&M) Services
Om Power Transmission provides long-term operation and maintenance services for power transmission assets. This segment ensures the longevity and efficiency of the infrastructure it builds, providing a steady stream of recurring revenue. The company leverages its technical expertise to offer comprehensive O&M solutions to its clients.
Om Power Transmission IPO - Company Financials
Om Power Transmission Limited has demonstrated strong growth in revenues and profitability across its restated consolidated financials. Revenue from operations increased from ₹12,023.63 lakhs in Fiscal 2023 to ₹27,943.51 lakhs in Fiscal 2025. For the nine-month period ended December 31, 2025, the company reported revenue from operations of ₹27,454.28 lakhs.
Financial Summary (₹ Lakhs) - Restated Consolidated
| Particulars | Dec 31, 2025 (9M) | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
|---|---|---|---|---|
| Revenue from Operations | 27,454.28 | 27,943.51 | 18,276.16 | 12,023.63 |
| EBITDA | 3,424.45 | 3,565.60 | 1,446.63 | 1,192.94 |
| Profit After Tax | 2,336.80 | 2,208.48 | 741.24 | 623.72 |
| Total Assets | 34,310.60 | 24,984.34 | 16,838.21 | 11,215.15 |
Key Highlights from Company Financials
Consistent Revenue Growth: Revenue from operations grew from ₹12,023.63 lakhs (FY23) to ₹27,943.51 lakhs (FY25), showing a robust growth trajectory.
Profitability Improvement: Profit After Tax (PAT) rose significantly from ₹623.72 lakhs in FY23 to ₹2,208.48 lakhs in FY25. For the nine months ended Dec 31, 2025, PAT already stands at ₹2,336.80 lakhs.
EBITDA Margins: The company has maintained healthy EBITDA margins, with EBITDA growing from ₹1,192.94 lakhs in FY23 to ₹3,565.60 lakhs in FY25.
Strong Order Book: As of December 31, 2025, the unexecuted order book stands at ₹74,460.27 lakhs, providing high revenue visibility for the coming years.
Asset Base: The total assets of the company have grown from ₹11,215.15 lakhs in FY23 to ₹34,310.60 lakhs as of December 31, 2025.
Strengths & Risks
Strengths
- Track Record of Execution: Over 14 years of experience in delivering HV and EHV transmission lines and substation projects.
- Robust Order Book: A strong pipeline of 58 ongoing projects with an aggregate value of ₹74,460.27 lakhs.
- Integrated EPC Capabilities: Expertise across the entire value chain from design and engineering to commissioning.
- Long-standing Relationships: Established relationships with various state power utilities and private sector entities.
Risks
- Geographic Concentration: A significant portion of the projects are currently concentrated in the state of Gujarat.
- Dependency on Government Contracts: The business is significantly dependent on contracts awarded by government-owned utilities.
- Project Execution Risks: Any delays in project execution or cost overruns could adversely affect the company's financial performance.
- Competitive Bidding: The company secures most of its projects through competitive bidding, which can impact margins.
Purpose of Funds
Capital Expenditure
- Purchase of machinery & equipment for EPC operations (Transmission line stringing, underground cable fault detection, logistics, etc.)
Working Capital Requirements
- To support project execution, bid deposits, guarantees, mobilization advances
- Important for EPC business cash cycles
General Corporate Purposes
- Flexible usage (capped at ≤25% of gross proceeds as per SEBI norms)
IPO Allocation Breakdown
Qualified Institutional Buyers (QIBs)
- Up to 50% of the total issue
Non-Institutional Investors (NIIs / HNIs)
- Minimum 15% of the issue
Retail Individual Investors (RIIs)
- Minimum 35% of the issue
Lead Manager and IPO Registrar
Beeline Capital Advisors Private Limited (BRLM)
Beeline Capital Advisors Private Limited is acting as the Book Running Lead Manager for the OM Power Transmission IPO. It is responsible for managing the entire IPO process, including pricing, marketing the issue to investors, and overseeing the book-building process to ensure successful subscription and compliance with SEBI regulations.
MUFG Intime India Private Limited - IPO Registrar
MUFG Intime India Private Limited is the registrar to the OM Power Transmission IPO. It handles key operational aspects such as processing investor applications, finalizing share allotment, managing refunds, and maintaining investor records, ensuring a smooth execution of the IPO.
How to Apply for OM Power Transmission IPO
- Open Tradejini demat account
- Go to IPO section in Products Menu
- Fill the IPO application form and bid within price band of ₹166 to ₹175
- Authorize UPI as payment method
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Investing in IPOs involves risks. Please read the Red Herring Prospectus (RHP) carefully before investing.
Conclusion: Should You Invest in Om Power Transmission IPO?
Om Power Transmission has demonstrated strong and consistent financial growth, with revenue nearly doubling from ₹18,276 crore in FY2024 to ₹27,943 crore in FY2025, and PAT tripling over the same period — a clear sign of operational momentum.
The IPO comes at a time when India's power transmission and infrastructure sector is witnessing a multi-year upcycle, backed by government capex, renewable energy expansion, and grid modernisation initiatives — all of which directly benefit companies in this space.
Key Positives:
- Rapid revenue and profit growth over 3 years
- Strong EBITDA margins improving year-on-year
- Listing on both BSE & NSE adds liquidity
- Sector tailwinds from India's energy transition
Key Risks:
- Valuation at ₹175 (upper band) needs scrutiny vs. listed peers
- 9M FY2026 numbers suggest growth may be moderating
- OFS component means some proceeds go to existing sellers, not the company
Always read all related documents carefully and consult a SEBI-registered advisor before investing.
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