Om Power Transmission IPO: Issue Details, Financials And Key Risks

Om Power Transmission, a Gujarat-based power transmission company, is all set for its Initial Public Offering (IPO). The company’s listing will happen both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Om Power Transmission IPO will be open from 09 April 2026 until 13 April 2026. With a new IPO in the power segment around, here are some significant details investors should know.

Om Power Transmission: Key IPO Details

Here is a quick snapshot of Om Power Transmission’s IPO:

IPO opening date: 09 April 2026

IPO closing date: 13 April 2026

Anchor investor bidding date: 08 April 2026

Face value: ₹10 per share

Listing: NSE and BSE

Total issue size: Up to 85,75,000 equity shares

Fresh issue: Up to 75,75,000 equity shares

Offer for sale (OFS): Up to 10,00,000 equity shares

Price band: ₹166 - ₹175

IPO reservation: 50% for Qualified Institutional Buyers, 15% for Non-Institutional Bidders and 35% for Retail Individual Bidders

Beeline Capital Advisors Private Limited is appointed as the Book Running Lead Manager (BRLM). The IPO is taking place via the book-building route.

Who is Om Power Transmission?

Om Power Transmission Limited is engaged in EPC (Engineering, Procurement, Construction) activities in the power transmission space, bringing with it over 14 years of industry experience. It began operations in Gujarat in 2011. Since then, the company has steadily built its expertise in executing high-voltage (HV) and extra-high voltage (EHV) projects, most of which are delivered on a turnkey basis.

Its work spans the full project lifecycle. From design and engineering to procurement, installation, testing, and commissioning, the company works across multiple stages. It also continues to handle operations and maintenance. Over time, the company has commissioned more than 1,000 circuit kilometres (CKM) of transmission lines and developed 11 substations. Its capabilities go up to 400 kV (Kilovolt) for transmission lines and 220 kV for substations.

The company’s reach has been growing, backed by steady execution. In the past three years, the company has completed over 450 CKM of transmission and underground cabling work, along with several substations.

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What Should Investors Watch Out For?

The company plans to use a large share of the IPO proceeds to support its growth going forward. Of this, about ₹1,120.94 lakhs is set aside for capital expenditure on machinery and equipment. Another ₹2,500 lakhs is set aside for repayment or prepayment of borrowings. Then there is ₹5,500 lakhs, which will go towards long-term working capital. The remaining amount will be used for general corporate purposes.

There are a few strengths worth noting. The company has built a reliable execution track record over time, and its order book gives some visibility into future revenue. Financial performance, too, has been steadily improving.

That said, a few factors have to be watched out for. A significant portion of projects comes through competitive bidding, which makes future order inflows less predictable. A large part of the business is still concentrated in Gujarat, which does bring in some regional exposure. On top of that, revenue dependence on a limited set of customers remains high.

Working capital is another piece to watch. Since this is a capital-intensive business, delays in receivables can affect cash flows.

So, while the growth story is intact, it is not without its moving parts. Investors will need to weigh both sides carefully.

Source:

Om Power Transmission RHP