Om Power Transmission IPO

About Om Power Transmission IPO

The Om Power Transmission IPO opens on Thursday, April 9, 2026 and closes on Monday, April 13, 2026. The allotment of shares will take place on Wednesday, April 15, 2026. The credit of shares to the demat account will take place on Thursday, April 16, 2026. The initiation of refunds will take place on Thursday, Apr 16, 2026. The listing of shares will take place on Friday, April 17, 2026.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 0.76 crores shares aggregating to ₹132.56 crores. The offer for sale portion includes 0.10 crore shares aggregating to ₹17.50 crores. The total number of shares is 85,75,000 and the aggregate amount is up to ₹150 crores.

Om Power Transmission IPO’s price band is set at ₹166 to ₹175 per share. The lot size for an application is 85. The minimum amount of investment required by a retail investor is ₹14,875 (85 shares) (based on upper price). The lot size investment required by sNIIs is 14 lots (1,190 shares), amounting to ₹2,08,250, and for bNIIs, it is 68 lots (5,780 shares), amounting to ₹10,11,500.

Om Power Transmission is a power transmission infrastructure engineering, procurement, and construction (EPC) company with over 14 years of experience. Its expertise lies in the execution of high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling projects delivered on a turnkey basis, encompassing design, engineering, supply, erection, installation, testing, commissioning, and comprehensive operation and maintenance (O&M) services.

Objectives of Om Power Transmission IPO

• Funding of capital expenditure requirements of the company towards purchase of machinery and equipment.
  
• Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the company.
  
• Funding long-term working capital requirement of the company.
  
• General corporate purposes.
  

Industry Outlook

India’s electricity transmission segment acts as the backbone of the power sector, enabling the transfer of electricity from generating stations to distribution networks across states and regions. The national grid, operated by the Power Grid Corporation of India and other state-level entities, is structured to handle high-voltage bulk transfers across long distances. A key characteristic of the Indian transmission system is its increasing inter-regional connectivity, ensuring resource optimization and power availability across different parts of the country. The transmission segment has witnessed significant modernization with the introduction of high-voltage direct current (HVDC) lines, smart grid technologies, and real-time monitoring systems. Policies have encouraged private sector participation through tariff-based competitive bidding and joint ventures, contributing to both capacity and operational efficiency. Transmission planning has become increasingly aligned with the expansion of renewable energy, with the development of dedicated green energy corridors and grid integration solutions for variable power sources.

About Om Power Transmission

Om Power Transmission is a power transmission infrastructure engineering, procurement, and construction (EPC) company with over 14 years of experience. Its expertise lies in the execution of high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling projects delivered on a turnkey basis, encompassing design, engineering, supply, erection, installation, testing, commissioning, and comprehensive operation and maintenance (O&M) services. Since commencement of its operations in 2011 in Gujarat, it has commissioned transmission lines, substations and underground cables, covering in aggregate over 1,000 circuit kilometers (CKM) of transmission lines and 11 substations respectively.

Strengths of Om Power Transmission

• Track record of execution capabilities and timely completion of projects.
  
• Strong order book across business verticals.
  
• Strong and consistent financial performance.
  
• Experienced promoters and senior management team, having domain knowledge.
  

Risks of Om Power Transmission

• Failure to qualify for, compete or win new contracts could negatively impact their business.
  
• Inability to collect receivables due from customers in a timely manner could affect business and financial conditions.
  
• Delays in tenders along with adverse changes in government policies could affect operations and financial performance.
  
• Loss of top customers or a significant reduction in purchases by any of them could adversely affect business.
  
• Significant social, political, or economic changes in the transmission line sector could adversely affect operations.
  
• Entering into, and will continue to enter into, related-party transactions which may potentially involve conflicts of interest.
  
• Inability to accurately estimate the cost may lead to a reduction in the expected rate of return and profitability estimates.
  
• Inability to recover some additional expenses could adversely affect financial conditions, result of operations and cash flows.
  
• Portfolio and revenue generation concentrated in the state of Gujarat.
  

@The peers of the Company have been selected on the basis of the following criteria:

(i) Sector and Service Scope: Peer companies should operate in the EPC contracting space, specifically for electrical infrastructure such as transmission lines and substations;

(ii) Geographic and Market Presence: Listed Companies with significant project execution experience across various states or with government/utility contracts are ideal peers; **All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the financial statements of the respective companies for the year ended March 31, 2025 submitted to the Stock Exchanges. *Financial information of the Company has been derived from the Restated Financial Information. ^^ To be finalised upon determination of the Offer Price and updated in the Prospectus.

Notes: 1. P/E ratio for the listed industry peers has been computed based on the closing market price of equity shares on BSE (“BSE”) and National Stock Exchange (“NSE”), as applicable, as on February 16, 2026 divided by the diluted earnings per share for the year ended March 31, 2025.

2. Enterprise Value is computed as the market capitalization plus the net debt as on March 31, 2025. Net debt for the year ended March 31,2025 has been computed as Total Debt minus Cash and cash equivalents minus bank balances, where-as Total Debt is computed as Non-Current Borrowings plus Current Borrowings. Market capitalisation is calculated on closing market price of equity shares on BSE and NSE, as applicable, on February 16, 2026 multiplied by closing number of shares as on March 31, 2025.

3. Enterprise Value of the company is computed as the market capitalization plus the net debt as on March 31, 2025. Net debt for the year ended March 31, 2025 has been computed as Total Debt minus Cash and cash equivalents minus bank balances, where-as Total Debt is computed as Non-Current Borrowings plus Current Borrowings. While, market capitalization of the company is calculated as Post Offer No of Shares multiplied by offer price per share.

4. Return on Net Worth (%) = Ratio of Profit /(loss) for the Fiscal 2025 to Restated Net Worth as of the last day of the Fiscal 2025. Net worth means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation each as applicable.

5. Net Asset Value per Equity Share = Net worth / Number of outstanding shares at the end of Fiscal 2025. Net worth means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation each as applicable. 6. EBITDA for the Company the year ended March 31, 2025 is calculated as Restated profit before tax plus Finance Costs, Depreciation and amortisation expense excluding other income.

Anchor Investor Bidding Date: Wednesday, April 08, 2026

Registrar: MUFG Intime India Private Limited
Book Running Lead Managers: Beeline Capital Advisors Private Limited

Om Power Transmission Business Model

Om Power Transmission operates as a power transmission infrastructure engineering, procurement, and construction company. Their business verticals include transmission line EPC projects, substation EPC projects, underground cable projects, and operation and maintenance services.

Om Power Transmission Growth Trajectory

Om Power Transmission’s Total Income for FY25 was ₹281.648 crores, whereas in FY24 and FY23 it was ₹184.394 crores and ₹121.707 crores, respectively.

The Profit After Tax for FY25 was ₹22.085 crores, whereas in FY24 and FY23 it was ₹7.412 crores and ₹6.237 crores, respectively.

Their EBITDA for FY25 was ₹35.656 crores, whereas in FY24 and FY23 it was ₹14.466 crores and ₹11.929 crores, respectively.

Om Power Transmission Market Position

As of December 31, 2025, their Order Book for Operation and Maintenance comprised 7 projects with an aggregate value of ₹ 27.406 crores.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹281.648 crores, ₹22.085 crores, and ₹ 35.656 crores, respectively.

How to apply for Om Power Transmission IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.