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HomeIPOOm Power Transmission

About Om Power Transmission

Founded in the year 2011, Om Power Transmission Limited has been an EPC organization that specializes in power transmission infrastructure, boasting over 14 years of experience. The main areas of competence of the organization include executing projects for the construction of high voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling works in turnkey basis, which include engineering, supply, erection, testing and commissioning among other O&M activities. The company is accredited according to the standards of ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015. As at December 31, 2025, the total number of unexecuted projects in the Order Book is 58 with an estimated cost of ₹ 74,460.27 lakhs; of which 51 are EPC projects and 7 are O&M projects. On December 31, 2025, the number of substations that the company is operating and maintaining is 124.On December 31, 2025, the number of permanent employees in the company is 1,164.

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Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
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National Stock Exchange of India

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17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
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Om Power Transmission

Om Power Transmission

Open Date

Apr 9, 2026

Close Date

Apr 13, 2026

listed

Min Investment

₹14,875

Lot Size

85 Shares

Issue Size

₹150.06 Cr

Price Range

₹166 - ₹166

Listing Date

Apr 17, 2026

IPO Doc

RHP PDF

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹3(+1.81%)GMP
1.71%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Om Power Transmission IPO - Issue Objectives

The company will use ₹25 crore for repayment of the outstanding loan availed by the business. The company will use ₹11.20 crore for the purchase of machinery and equipment. The company will use ₹55 crore to fund the working capital needs of the business. Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Repayment of loan

18.7%

Capital expenditure

8.4%

Working capital

41.3%

General corporate purposes

31.6%

1

Repayment of loan

The company will use ₹25 crore for repayment of the outstanding loan availed by the business.

18.70%
2

Capital expenditure

The company will use ₹11.20 crore for the purchase of machinery and equipment.

8.40%
3

Working capital

The company will use ₹55 crore to fund the working capital needs of the business.

41.30%
4

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses

31.60%

IPO Subscription Status

QIB
3.65x
NII
7.06x
Individual
1.54x
Total
3.33x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Om Power Transmission

In Cr.

Key Performance Indicator31-Dec-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue276.50281.65184.39121.71
EBITDA34.2435.6614.4711.93
Expenses
Profit After Tax23.3722.087.416.23
Assets240.06150.17117.85105.14
Net Worth119.8472.6550.6443.36
Reserves93.1772.0550.0442.76
Borrowing38.4718.9026.2325.57

Om Power Transmission - Promoter(s)

Kalpesh Dhanjibhai Patel

Kanubhai Patel

Vasantkumar Narayanbhai Patel

Pre Issue Share Holding

92.26%

Post Issue Share Holding

68.92%

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Proven track record with timely delivery

The company has built a solid execution track record in the last 14+ years for executing power transmission EPC projects with success on difficult HV/EHV projects on transmission lines, substations, and underground cabling. It has delivered projects ranging from 66 kV to 400 kV, including projects delivered ahead of schedule, like the 66 kV line (18 km in 4 months) and the 220 kV line (83 km). As of December 31, 2025, it has delivered 500 CKM of transmission lines and underground cables.

02

Strong order book

The company has built a solid and growing pipeline of work worth ₹744.60 crore as of December 31, 2025, consisting of 58 projects, giving the company solid visibility in the medium term. Pipeline growth in the recent past is a testament to its scalability and ability to consistently win projects. The diverse mix consists of 51 EPC projects and 8 O&M contracts.

03

Complex engineering & special projects

The company has also handled complex and technically challenging projects like 36 QD-type towers having a height of 76.00 meters, each weighing 98.00 MT for 400 kV, and executing difficult crossings such as HVDC lines.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Dependence on competitive bidding

The company’s growth is highly dependent on winning EPC tenders, but its bid conversion remains inconsistent. Project awards have declined from 35 in FY23 to 15 in 9MFY26, while order inflows have been volatile due to dependence on a few large contracts. Any delay in tenders or failure to secure big projects could impact revenue visibility and earnings stability.

02

Reliance on PSUs for revenue

The company is majorly dependent on government entities, with 83.74% of the order book, amounting to ₹623.50 crores in 9MFY26, coming from PSUs. Because of this, risks such as policy changes, tender delays, budgetary constraints, and slower payments arise. Any reduction in PSU capex or adverse contract changes could significantly impact financial performance.

Contact Details

Om Power Transmission

703 to 706, 7th Floor, Fortune Business Hub, Near Shell Petrol Pump, Science City Road, Sola, Ahmedabad, Gujarat - 380060.

+917574880021
cs@optl.in
https://ompowertransmission.com/

Registrar Contact Details

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
ompower.ipo@in.mpms.mufg.com
https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Om Power Transmission IPO - FAQs

Om Power Transmission IPO is a Mainboard IPO. The issue is priced at 166-₹175. The minimum order quantity is 85 Shares. The IPO opens on 9 Apr, and closes on 13 Apr. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2026-04-08
  • Bidding Starts2026-04-09
  • Bidding Ends2026-04-13
  • Allotment Finalisation2026-04-15
  • Release of Funds2026-04-16
  • Demat Transfer2026-04-16
  • Listing2026-04-17
04

Operations & maintenance expertise

Other than project execution, the company also offers operations and maintenance services. As of August 31, 2025, it manages about 134 substations up to 220 kV, thus giving experience and support through recurrent work.

03

High working capital intensity

The company has very high needs for working capital, which has risen from 53.65% of total assets in FY23 to 62.42% in 9MFY26. While this is a demonstration of growth, it also means that there is more reliance on external sources of funding. This makes the organisation vulnerable to any execution delays.

04

Customer concentration risk

Revenue concentration remains high, as ~97% of revenue comes from the top 10 customers, with the top customer contributing up to 71.55% in 9MFY26. Losing a key client or a reduction in order allocation could seriously impact revenues and margins. Lack of diversification also reduces pricing power when competing for contracts.

05

Order book realisation and execution risk

Though there is already a strong order book of ₹744.60 crore, the revenue recognition process could still be at risk of delays and other challenges like scope changes and project cancellations. The company’s historical performance has not always been consistent, with realisation percentages of between 54% and 87%.