Om Power Transmission IPO Opens April 9: Price Band, Dates & Details

Om Power Transmission Limited, an Ahmedabad-based Engineering, Procurement and Construction (EPC) company specialising in power transmission infrastructure, is set to open its initial public offering (IPO) for public subscription on April 9, 2026. The issue will remain open for bidding until April 13, 2026. The company has fixed a price band of ₹166 to ₹175 per equity share for the mainboard offering, which seeks to raise a total of ₹150.06 crore. The shares are proposed to be listed on both BSE and NSE, with a tentative listing date of April 17, 2026.

IPO Structure and Issue Size

The Om Power Transmission IPO is a book-built issue comprising two components. The fresh issue portion amounts to ₹132.56 crore, while the Offer for Sale (OFS) component stands at ₹17.50 crore. Under the OFS, promoters Kalpesh Dhanjibhai Patel, Kanubhai Patel, and Vasantkumar Narayanbhai Patel will partially offload their stake in the company.

The total issue consists of 85,75,000 equity shares with a face value of ₹10 each. The investor quota is divided as follows: 50 percent is reserved for Qualified Institutional Buyers (QIBs), 15 percent for Non-Institutional Investors (NIIs or HNIs), and the remaining 35 percent for retail individual investors.

Lot Size and Investment Details

Retail investors can apply for a minimum of one lot, which consists of 85 shares, translating to a minimum investment of ₹14,875 at the upper end of the price band. The maximum application for retail investors is 13 lots, amounting to 1,105 shares and a total investment of ₹1,93,375.

For Small HNI (S-NII) investors, the minimum bid is 14 lots (1,190 shares) at ₹2,08,250, while the maximum is 67 lots (5,695 shares) at ₹9,96,625. Big HNI (B-NII) investors can apply for a minimum of 68 lots (5,780 shares), requiring an investment of ₹10,11,500.

Key IPO Timeline

Use of IPO Proceeds

The net proceeds from the fresh issue are proposed to be deployed across three key areas:

• Capital expenditure for machinery and equipment: ₹11.21 crore, intended for the purchase of digital pullers, tensioners, cranes, and other project execution tools.
• Repayment of outstanding borrowings: ₹25.00 crore, aimed at reducing the company's debt load and improving its balance sheet.
• Long-term working capital requirements: ₹55.00 crore, to support the execution of the company's growing order book.

The remaining proceeds are earmarked for general corporate purposes.

About Om Power Transmission Limited

Incorporated in June 2011 and headquartered in Ahmedabad, Gujarat, Om Power Transmission Limited is an EPC company that specialises in turnkey execution of high voltage (HV) and extra high voltage (EHV) power transmission projects. Its service offerings include transmission lines, substations, underground cabling systems, and Operation and Maintenance (O&M) services for infrastructure up to 400 kV.

The company holds a Class 'AA' contractor registration with Gujarat Energy Transmission Corporation Limited (GETCO), which qualifies it to execute transmission line projects up to 400 kV and substation projects up to 220 kV. It also holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, reflecting standards across quality management, environmental management, and occupational health and safety.

The company has a strong operational footprint in Western India, with the majority of its projects historically concentrated in Gujarat. It has been progressively diversifying into underground cabling and multi-state projects in recent years.

As of August 31, 2025, the company reported an unexecuted order book of approximately ₹77,619 lakh across 56 ongoing projects, providing near-term revenue visibility.

Financial Performance

Om Power Transmission has demonstrated notable revenue and profit growth in recent years. The company reported revenue of ₹281.65 crore for the financial year ended March 2025, compared to ₹184.39 crore in FY2024, reflecting a significant year-on-year increase. On the profitability front, the company reported a net profit of ₹22.08 crore in FY2025, up from ₹7.41 crore in FY2024.

The post-issue market capitalisation of the company is estimated at approximately ₹599.29 crore at the upper end of the price band.

Lead Manager and Registrar

Beeline Capital Advisors Pvt. Ltd. is the book running lead manager for the IPO. MUFG Intime India Pvt. Ltd. has been appointed as the registrar for the issue. Allotment status can be checked on MUFG Intime's official website following the allotment date of April 15, 2026.

Sector Context

India's power transmission sector is undergoing a period of significant infrastructure investment, driven by the government's focus on grid modernisation, renewable energy integration, and rural electrification. EPC companies operating in the high voltage and extra high voltage segment are key executors of this infrastructure build-out. The growing pipeline of government-backed transmission projects, particularly under schemes aimed at strengthening the national grid, is expected to support demand for specialised EPC contractors in the coming years.

Om Power Transmission's positioning as a Class 'AA' GETCO-registered contractor, along with its established order book and track record of executing projects up to 400 kV, places it within a segment that is directly aligned with this infrastructure expansion narrative.

How to Apply

Investors can apply for the Om Power Transmission IPO through the ASBA (Application Supported by Blocked Amount) facility via their bank's internet banking portal. Applications can also be submitted through registered stockbrokers using the UPI payment mechanism. The deadline for applying is the close of business on April 13, 2026.