Om Power Transmission IPO Opens Today: Price Band, Key Highlights, Risks & Should You Subscribe?
India’s power infrastructure story is accelerating, and Om Power Transmission Limited is aiming to plug directly into this growth with its ₹150.06 crore IPO, opening for subscription today, April 9, 2026.
With decades of EPC experience and a strong order book pipeline, the company is now looking to strengthen its balance sheet and fund its expansion plans.
Below is a complete, investor‑focused breakdown containing all essential insights, financial metrics, offer details, and growth drivers.
IPO Snapshot
| Detail | Information |
|---|---|
| Company | Om Power Transmission Limited |
| Industry | Power Transmission EPC |
| IPO Size | ₹150.06 crore |
| Fresh Issue | ₹132.56 crore |
| Offer for Sale (OFS) | ₹17.50 crore |
| Price Band | ₹166 – ₹175 per share |
| Lot Size | 85 shares |
| Minimum Investment (Retail) | ₹14,875 |
| Listing | NSE & BSE |
| Issue Opens | April 9, 2026 |
| Issue Closes | April 13, 2026 |
| Listing Date | April 17, 2026 |
Company Overview
Incorporated in 2011, Om Power Transmission provides engineering, procurement, and construction (EPC) services for:
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High Voltage (HV) lines
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Extra‑High Voltage (EHV) transmission lines (up to 400 kV)
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Substations (AIS & GIS)
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Underground cabling
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Long‑term O&M contracts
The company has matured into a major EPC contractor with a strong footprint across Gujarat and new projects in Rajasthan & Punjab.
As of December 31, 2025, the company had:
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58 unexecuted projects valued at ₹744.60 crore
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124 substations currently under operation & maintenance
How Will the IPO Money Be Used?
The fresh issue proceeds are earmarked for:
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Capital expenditure – purchase of machinery
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Repayment of borrowings
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Long‑term working capital
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General corporate purposes
Demand Split for the IPO
| Investor Category | Allocation |
|---|---|
| QIBs | ~50% |
| Retail | ~35% |
| NIIs | ~15% |
Timeline for Allotment & Listing
| Event | Date |
|---|---|
| Issue Opens | April 9 |
| Issue Closes | April 13 |
| Allotment Finalization | April 15 |
| Refunds & Demat Credit | April 16 |
| Listing | April 17 |
Financial Overview (Condensed Snapshot)
Om Power Transmission has demonstrated strong financial growth over the past three years. The company’s revenue increased from ₹121.7 crore in FY23 to ₹279.4 crore in FY25, reflecting robust execution and rising order inflows.
Profitability has improved significantly, with PAT rising from ₹6.24 crore in FY23 to ₹22.08 crore in FY25, indicating expanding margins and better operational efficiency. The company reported an EBITDA margin of ~13–14% in FY25.
The business maintains a healthy return profile, with RoNW around 35%, highlighting efficient capital utilization.
A key strength is its strong order book of over ₹776 crore, providing solid revenue visibility for the coming years.
At the upper price band, the IPO is valued at around 30x P/E, which appears reasonable considering its growth trajectory and improving profitability, though the business remains working capital intensive, typical of EPC players.
Strengths of Om Power Transmission
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Large & diversified order book of ₹744.60 crore
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Strong execution capabilities across HV/EHV infrastructure
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Growing presence in North India
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Recurring O&M revenue → long‑term visibility
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Sector tailwinds due to India’s grid modernization push
Key Risks to Consider
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EPC businesses operate on thin margins
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Working‑capital‑heavy sector → cash flow stress possible
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Dependent on government & utility projects
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Execution delays can impact profitability
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High competition in the EPC space
Offer Structure & Valuation (At Upper Band)
| Metric | Value |
|---|---|
| Face Value | ₹10 |
| Price Band | ₹166–₹175 |
| Lot Size | 85 shares |
(PE comparisons will depend on final EPS disclosures.)
Should You Subscribe?
Om Power Transmission sits in a high‑growth sector, with the government accelerating transmission upgrades across India.
Its robust order book, EPC capabilities, and planned capex expansion position it well for future growth.
However, investors should weigh typical EPC risks:
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High working capital requirements
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Project execution dependence
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Competitive pressure
Risk‑tolerant investors, especially those looking at infrastructure‑linked themes, may find this IPO appealing from a long‑term perspective.
Final Word
Om Power Transmission’s IPO arrives at a time when India’s power grid modernization is booming. With credible execution strength, expansion momentum, and a strong pipeline of projects, the company is well‑positioned — but investors must acknowledge the inherent volatility of EPC businesses.