What is the GMP of Om Power Transmission Limited IPO today?

The Grey Market Premium (GMP) for Om Power Transmission Limited IPO is currently ₹2. With an upper price band of ₹175, the estimated listing price is ₹177 per share, reflecting an expected listing gain of ~1.14%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Om Power Transmission Limited IPO?

The price band for Om Power Transmission Limited IPO is ₹166 to ₹175 per equity share. The minimum lot size is 85 shares, which requires a minimum retail application investment of ₹14,875.

What are the important dates for Om Power Transmission Limited IPO?

Om Power Transmission Limited IPO opens for subscription on 2026-04-09T00:00:00 and closes on 2026-04-13T00:00:00. The basis of allotment is scheduled for 2026-04-15T00:00:00, and shares are expected to list on 2026-04-17T00:00:00 on BSE, NSE.

How can I check the allotment status for Om Power Transmission Limited IPO?

You can check Om Power Transmission Limited IPO allotment status on the registrar's official portal (MUFG Intime India Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Om Power Transmission Limited IPO?

Investors can apply for Om Power Transmission Limited IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Om Power Transmission Limited IPO open and close?

The IPO opens on 9 Apr 2026, and closes on 13 Apr 2026.

What is Om Power Transmission Limited IPO price band?

The issue price band is ₹166.00 to ₹175.00 per equity share.

What is the Om Power Transmission Limited IPO lot size?

The minimum lot size is 85 shares per application.

What is the Om Power Transmission Limited IPO allotment date?

The allotment is scheduled on 15 Apr 2026.

Om Power Transmission Limited IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

150.00 Cr

Price Band

₹166.00 - ₹175.00

Lot Size

85 Shares

Min Investment

₹14,875

GMP

₹2

Subscription

3.33x

₹349.50 Cr

09 Apr 2026

IPO Opens

COMPLETED

13 Apr 2026

IPO Closes

COMPLETED

15 Apr 2026

Basis of Allotment

COMPLETED

16 Apr 2026

Refunds

COMPLETED

16 Apr 2026

Demat Credit

COMPLETED

17 Apr 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

09 Apr 2026

IPO ClosesDONE

13 Apr 2026

Basis of AllotmentDONE

15 Apr 2026

RefundsDONE

16 Apr 2026

Demat CreditDONE

16 Apr 2026

ListingDONE

17 Apr 2026

About Om Power Transmission Limited IPO

Om Power IPO open date is April 9, 2026 and the IPO will close on April 13, 2026. Om Power Transmission IPO is a Bookbuilding Issue. The company to raise around ₹150 crores via IPO that comprises fresh issue of ₹133 crores and offer for sale up to 10,00,000 equity shares with face value of ₹10 each.

Om Power Transmission IPO price band is ₹166 to ₹175 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Om Power Transmission IPO to list on BSE, NSE on April 17, 2026. The allotment of Om Power Transmission IPO date is April 15, 2026.

The company reported revenue of ₹281.65 crores in 2025 against ₹184.39 crores in 2024. The company reported profit of ₹22.08 crores in 2025 against profit of ₹7.41 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Om Power Transmission Limited IPO Details and Specifications
IPO Date	09 Apr 2026 to 13 Apr 2026
Face Value	₹10 Per Share
Price Band	₹166.00 - ₹175.00
Lot Size	85 Shares
Total Issue Size	Approx 150.00 Cr 85,75,000 Equity Shares
Fresh Issue	Approx 133.00 Cr 75,75,000 Equity Shares
Offer for Sale	Approx 18.00 Cr 10,00,000 Equity Shares
Retail Portion	35%
Sale Type	Offer for sale
Issue Type	Book-Building IPO
Listing Date	17 Apr 2026
Listing At	BSE & NSE
Total Subscription Amount	₹349.50 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	42,87,500	50.00%
- Anchor	25,72,270	30.00%
- QIB (Ex. Anchor)	17,15,230	20.00%
NII	12,86,250	15.00%
- bNII > ₹10L	8,57,500	10.00%
- sNII < ₹10L	4,28,750	5.00%
Retail	30,01,250	35.00%
Total	85,75,000	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	1	85	₹14,875
Individual investors (Retail) (Max)	13	1,105	₹1,93,375
S-HNI (Min)	14	1,190	₹2,08,250
S-HNI (Max)	67	5,695	₹9,96,625
B-HNI (Min)	68	5,780	₹10,11,500

About Company

Om Power Transmission is a power transmission infrastructure engineering, procurement, and construction (EPC) company that has over 14 years of experience in the energy infrastructure sector. Founded in June 2011, the firm is involved in the execution of high-voltage (“HV”) and extra-high voltage (“EHV”) transmission lines, substations, and underground cabling projects.

From design, engineering, supply, erection, installation, testing, commissioning, to comprehensive operation and maintenance (“O&M”) services, the firm offers complete end-to-end services for a project.

Over the last 3 years, Om Power Transmission has completed more than 450 CKM (circuit kilometers) of transmission lines, underground cables, and built and operated 124 substations as well. As of December 31, 2025, the firm includes 1,164 permanent employees.

Contact Details

Om Power Transmission Ltd.

703 to 706,

7th Floor, Fortune Business Hub,

Nr. Shell Petrol Pump, Science City Road, Sola,

Ahmedabad, Gujarat, 380060

+9175748 80021

cs@optl.in

Visit Website

Registrar

MUFG Intime India Pvt Ltd

91-22-49186270

ompower.ipo@in.mpms.mufg.com

Lead Managers

Beeline Capital Advisors Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
17-Apr-2026 12:00 PM	+₹2	₹177	+1.14%	₹170
16-Apr-2026 12:00 PM	+₹2	₹177	+1.14%	₹170
15-Apr-2026 12:00 PM	+₹4.5	₹179.5	+2.57%	₹382.5
14-Apr-2026 12:00 PM	+₹1.3	₹176.3	+0.74%	₹110.5
13-Apr-2026 12:00 PM	+₹1.3	₹176.3	+0.74%	₹110.5
11-Apr-2026 12:00 PM	+₹1.5	₹176.5	+0.86%	₹127.5
10-Apr-2026 12:00 PM	+₹3	₹178	+1.71%	₹255
09-Apr-2026 12:00 PM	+₹3	₹178	+1.71%	₹255
08-Apr-2026 12:00 PM	+₹1.5	₹176.5	+0.86%	₹127.5
07-Apr-2026 12:00 PM	+₹1.5	₹176.5	+0.86%	₹127.5
06-Apr-2026 12:00 PM	+₹1.5	₹176.5	+0.86%	₹127.5

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	3.65x	17,15,230	62,55,745	₹109.48 Cr
NII	7.06x	12,86,250	90,84,035	₹158.97 Cr
bNII > ₹10L	8.08x	8,57,500	69,31,070	₹121.29 Cr
sNII < ₹10L	5.02x	4,28,750	21,52,965	₹37.68 Cr
Retail	1.54x	30,01,250	46,31,480	₹81.05 Cr
Total	3.33x	60,02,730	1,99,71,260	₹349.50 Cr

Objects of the Issue

01 Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment : 11.21 Cr
02 Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company : 25.00 Cr
03 Funding long-term working capital requirement of the Company : 55.00 Cr
04 General Corporate Purposes : 28.11 Cr
05 Issue Expenses : 15.00 Cr

Company Financials

Period Ended	31 DEC 2025	31 MAR 2025	31 MAR 2024
Total Income	276.50	281.65	184.39
Profit After Tax	23.37	22.08	7.41
EBITDA	34.24	35.66	14.47
NET Worth	119.84	72.65	50.64
Reserves and Surplus	93.17	72.05	50.04
Total Borrowing	38.47	18.90	26.23

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2025
ROCE	41.76%
Debt/Equity Ratio	0.26
Return on Net Worth (RoNW)	30.40%
PAT Margin	7.84%
EBITDA Margin	12.66%
Net Asset Value (NAV)	₹29.53
Earning Per Share (EPS)	₹8.28

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Viviana Power Tech Limited	32.19	25.15	95.10	34.65	218.96
Advait Energy Transitions Limited	29.06	57.52	182.03	16.27	399.11
Rajesh Power Services Limited	57.74	16.38	146.31	35.44	1,107.44

IPO Anchor Investors

Anchor Investors Letter (PDF)

Promoters and Holding Pattern

Kalpesh Dhanjibhai Patel, Kanubhai Patel, Vasantkumar Narayanbhai Patel are the company's promoters of Om Power Transmission Limited.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	92.26%	68.92%
Others*	7.74%	31.08%

Strengths

The company claims to have a demonstrated track record in executing high-voltage and extra-high voltage transmission projects across the full EPC lifecycle. Its experience includes handling projects ranging from 11 kV to 400 kV transmission lines and substations, indicating operational capability across multiple voltage classes. It also states that certain projects have been completed ahead of schedule, including large-scale transmission lines.
The company claims to maintain a sizeable and diversified order book spanning EPC and operations and maintenance contracts. As of December 31, 2025, it reports 58 ongoing projects, which may provide visibility into future revenue and continuity of operations. The presence of both execution and maintenance contracts suggests involvement beyond one-time project delivery.
The company claims to have executed a significant volume of infrastructure in recent years, including over 500 circuit kilometres of transmission lines and underground cabling, along with multiple substations. Additionally, it reports managing and maintaining 124 substations, which indicates continued engagement with operational assets after project completion.
The company claims to have recorded substantial growth in revenue and profitability over recent financial periods. It reports a sharp increase in revenue and profit after tax between FY23 and FY25, along with improved EBITDA and net profit margins. Revenue from operations increased from Rs 120.24 crore in FY23 to Rs 182.76 crore in FY24 to Rs 279.43 crore in FY25, while PAT increased from Rs 6.24 crore in FY23 to Rs 7.41 crore in FY24 to Rs 22.08 crore in FY25. These figures suggest scaling of operations, although the sustainability of such growth would depend on future execution.
The company claims to be led by promoters and senior management with over three decades of experience in power transmission infrastructure and related electrical contracting work. The founding members have reportedly been associated with the company since its inception and have worked on both government and private sector projects involving transmission lines, substations, and cabling.
The company claims to follow structured project execution practices supported by standardised processes and resource allocation strategies. It attributes its ability to deliver projects within timelines to continuous improvements in execution methodologies. However, these operational efficiencies are internally stated and not independently verified.

Risks

The company’s business is heavily dependent on winning projects through competitive bidding processes. It claims to have submitted 42, 69, 64, and 76 bids during the nine months ended December 31, 2025 and FY25, FY24, and FY23, respectively, out of which only 15, 28, 28, and 35 bids were awarded. The value of awarded projects stood at Rs 563.35 crore, Rs 214.53 crore, Rs 494.47 crore, and Rs 104.69 crore for the same periods, indicating variability in conversion rates that could impact revenue visibility.
The company’s project execution and revenue generation have historically been concentrated in Gujarat. It reports that 100% of completed projects during the nine months ended December 31, 2025, and the last three financial years were based in a single state. This geographic concentration exposes the business to region-specific risks, including policy changes, local economic conditions, and disruptions.
The company has reported a rising level of trade receivables over recent periods. Trade receivables stood at Rs 144.07 crore, Rs 90.11 crore, Rs 69.89 crore, and Rs 57.82 crore as of December 31, 2025, and FY25, FY24, and FY23, respectively. A portion of these, amounting to Rs 11.26 crore (7.82%), Rs 8.62 crore (9.57%), Rs 13.68 crore (19.57%), and Rs 4.87 crore (8.43%), remained outstanding for more than six months, indicating potential long delays in collections.
The company has high working capital requirements relative to its scale of operations. Working capital stood at Rs 149.85 crore, Rs 85.05 crore, Rs 64.87 crore, and Rs 56.41 crore as of December 31, 2025 and FY25, FY24, and FY23, respectively, forming a significant proportion of total assets at 62.42%, 56.64%, 55.05%, and 53.65%. A large portion of revenue is also tied up in working capital, and fluctuations in the working capital turnover ratio indicate potential pressure on liquidity and cash flow management.
The company’s business is significantly dependent on public sector undertakings (PSUs) for both order inflow and revenue generation. It reports that PSUs contributed 83.74%, 84.21%, 87.48%, and 65.77% of its order book, with values of Rs 623.51 crore, Rs 371.95 crore, Rs 451.06 crore, and Rs 138.04 crore for the respective periods. Additionally, a substantial portion of revenue is linked to a limited number of PSU clients, including GETCO, making the business vulnerable to changes in government tendering activity, procurement policies, or delays in project awards.
The company has a high concentration of revenue from a limited number of customers. It reports that the top 10 customers contributed Rs 268.11 crore (97.65%), Rs 267.37 crore (95.68%), Rs 178.46 crore (97.66%), and Rs 116.34 crore (96.76%) of revenue for the nine months ended December 31, 2025, and FY25, FY24, and FY23, respectively. Revenue from its top customer alone accounted for Rs 196.44 crore (71.55%), Rs 140.85 crore (50.41%), Rs 76.76 crore (42.00%), and Rs 51.31 crore (42.68%), indicating significant dependence on a small client base.
The company’s order book and revenue are largely concentrated in the transmission line EPC segment. It reports that this segment contributed Rs 518.89 crore (69.69%), Rs 210.76 crore (47.72%), Rs 270.59 crore (52.48%), and Rs 97.30 crore (46.36%) of the total order book across the respective periods. This concentration exposes the business to sector-specific risks, including regulatory changes, shifts in infrastructure spending, and demand fluctuations within the transmission segment.
The company’s operating performance shows seasonality, with a higher concentration of revenue in the second half of the financial year. It reports revenues of Rs 84.31 crore, Rs 79.44 crore, and Rs 110.79 crore across the first three quarters of the nine months ended December 31, 2025, compared to Rs 106.59 crore in Q4 of FY25 alone. This indicates that a significant portion of execution and collections is dependent on the post-monsoon period, which may lead to uneven cash flows and quarterly performance volatility.
The company reported negative cash flow from operating activities of Rs 37.39 crore for the period ended December 31, 2025. The company’s negative cash flows from investing activities were Rs 1.55 crore in the period ended December 31, 2025, and Rs 0.80 crore in FY23. The negative cash flows from financing activities were Rs 13.33 crore in FY25, Rs 4.58 crore in FY24, and Rs 9.16 crore in FY23. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
As of December 31, 2025, the company had outstanding financial indebtedness of Rs 215.78 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.

Frequently Asked Questions (FAQ)

Comments0

Join the discussion

Please sign in to leave a comment or reply.

Sorted by

Loading IPO Details...

About Om Power Transmission Limited IPO

IPO Details

Om Power Transmission Limited IPO Details and Specifications
IPO Date	09 Apr 2026 to 13 Apr 2026
Face Value	₹10 Per Share
Price Band	₹166.00 - ₹175.00
Lot Size	85 Shares
Total Issue Size	Approx 150.00 Cr 85,75,000 Equity Shares
Fresh Issue	Approx 133.00 Cr 75,75,000 Equity Shares
Offer for Sale	Approx 18.00 Cr 10,00,000 Equity Shares
Retail Portion	35%
Sale Type	Offer for sale
Issue Type	Book-Building IPO
Listing Date	17 Apr 2026
Listing At	BSE & NSE
Total Subscription Amount	₹349.50 Cr

Investor Category

Shares Offered

% Net Issue

QIB

42,87,500

50.00%

- Anchor

25,72,270

30.00%

- QIB (Ex. Anchor)

17,15,230

20.00%

NII

12,86,250

15.00%

- bNII > ₹10L

8,57,500

10.00%

- sNII < ₹10L

4,28,750

5.00%

Retail

30,01,250

35.00%

Total

85,75,000

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

₹14,875

Individual investors (Retail) (Max)

1,105

₹1,93,375

S-HNI (Min)

1,190

₹2,08,250

S-HNI (Max)

5,695

₹9,96,625

B-HNI (Min)

5,780

₹10,11,500

About Company

Contact Details

Om Power Transmission Ltd.

703 to 706,

7th Floor, Fortune Business Hub,

Nr. Shell Petrol Pump, Science City Road, Sola,

Ahmedabad, Gujarat, 380060

+9175748 80021

cs@optl.in

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

17-Apr-2026 12:00 PM

+₹2

₹177

+1.14%

₹170

16-Apr-2026 12:00 PM

+₹2

₹177

+1.14%

₹170

15-Apr-2026 12:00 PM

+₹4.5

₹179.5

+2.57%

₹382.5

14-Apr-2026 12:00 PM

+₹1.3

₹176.3

+0.74%

₹110.5

13-Apr-2026 12:00 PM

+₹1.3

₹176.3

+0.74%

₹110.5

11-Apr-2026 12:00 PM

+₹1.5

₹176.5

+0.86%

₹127.5

10-Apr-2026 12:00 PM

+₹3

₹178

+1.71%

₹255

09-Apr-2026 12:00 PM

+₹3

₹178

+1.71%

₹255

08-Apr-2026 12:00 PM

+₹1.5

₹176.5

+0.86%

₹127.5

07-Apr-2026 12:00 PM

+₹1.5

₹176.5

+0.86%

₹127.5

06-Apr-2026 12:00 PM

+₹1.5

₹176.5

+0.86%

₹127.5

Om Power Transmission Limited IPO Details

About Om Power Transmission Limited IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Om Power Transmission Limited IPO open and close?

What is Om Power Transmission Limited IPO price band?

What is the Om Power Transmission Limited IPO lot size?

What is the Om Power Transmission Limited IPO allotment date?

What is the Om Power Transmission Limited IPO listing date?

What is the minimum investment required in Om Power Transmission Limited IPO?

Join the discussion

Om Power Transmission Limited IPO Details

About Om Power Transmission Limited IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Om Power Transmission Limited IPO open and close?

What is Om Power Transmission Limited IPO price band?

What is the Om Power Transmission Limited IPO lot size?

What is the Om Power Transmission Limited IPO allotment date?

What is the Om Power Transmission Limited IPO listing date?

What is the minimum investment required in Om Power Transmission Limited IPO?

Join the discussion