Om Power Transmission Limited IPO — Overview & Company Insights
About the Company:-
Om Power Transmission Limited is a power transmission infrastructure company specializing in Engineering, Procurement, and Construction (EPC) services. The company focuses on executing high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, and underground cabling projects. Along with project execution, it also offers end-to-end Operation & Maintenance (O&M) services.
Experience & Core Expertise:-
Established as a Gujarat-based EPC company, Om Power Transmission Limited has over 14 years of industry experience. The company has strong expertise in handling transmission projects ranging from 11 kV to 400 kV and substation projects up to 220 kV capacity. Since its inception in 2011, it has successfully completed more than 1,000 circuit kilometres (CKM) of transmission lines and developed 11 substations, showcasing solid execution capabilities.
IPO Details:-
The Om Power Transmission Limited IPO is scheduled to open from April 9 to April 13, 2026, with the company aiming to raise approximately ₹150.06 crore through this public issue. The shares are proposed to be listed on both the NSE and BSE, providing investors with dual exchange exposure.
Market Capitalization:-
After the IPO, the company’s estimated market capitalization is expected to be around ₹599.29 crore, positioning it as a growing player in India’s power transmission infrastructure sector.
Om Power Transmission Limited IPO — Detailed Table
| Parameter | Details |
|---|---|
| Company Name | Om Power Transmission Limited |
| IPO Type | Book Built – Mainboard |
| Listing Exchange | NSE & BSE |
| IPO Open Date | 09 April 2026 |
| IPO Close Date | 13 April 2026 |
| Allotment Date | 15 April 2026 (Expected) |
| Listing Date | 17 April 2026 (Tentative) |
| Price Band | ₹166 – ₹175 per share |
| Face Value | ₹10 per share |
| Lot Size | 85 shares |
| Minimum Investment (Retail) | ₹14,875 (1 lot) |
| Issue Size | ₹150.06 crore |
| Fresh Issue | 75,75,000 shares (₹132.56 crore) |
| Offer For Sale (OFS) | 10,00,000 shares (₹17.50 crore) |
| Total Shares | 85,75,000 |
| Post-Issue Market Cap | ~₹599.29 crore |
Note:
This IPO is primarily growth-driven, as a major portion of the funds comes from the Fresh Issue, which will be used for business expansion and project development rather than promoter exit.
Om Power Transmission Limited IPO — Issue Break-up
Category-wise Allocation:-
| Category | Allocation |
|---|---|
| Qualified Institutional Buyers (QIB) | ~50% |
| Non-Institutional Investors (NII) | ~15% |
| Retail Individual Investors (RII) | ~35% |
Offer For Sale (OFS) Details:-
Under the OFS, promoters of Om Power Transmission Limited are selling part of their stake:
- Kalpesh Dhanjibhai Patel
- Kanubhai Patel
- Vasantkumar Narayanbhai Patel
Together, they are offloading a total of 10,00,000 shares, amounting to approximately ₹17.50 crore.
Note:
The OFS portion is relatively small compared to the fresh issue, indicating that the IPO is largely focused on raising funds for business growth rather than significant promoter exit.
Om Power Transmission Limited IPO — Objects of the Issue:-
Om Power Transmission Limited plans to utilize the net proceeds from the Fresh Issue in the following manner:
| Purpose | Amount (₹ Crore) |
|---|---|
| Capital Expenditure | ₹11.21 crore |
| Debt Repayment / Prepayment | ₹25 crore |
| Long-term Working Capital | ₹55 crore |
| General Corporate Purposes | Remaining amount |
Lead Managers & Registrar:-
| Role | Details |
|---|---|
| Book Running Lead Manager | Beeline Capital Advisors Private Limited |
| Registrar to the Issue | MUFG Intime India Private Limited |
Promoters & Management:-
| Position | Name |
|---|---|
| Chairman & Executive Director | Kalpesh Dhanjibhai Patel |
| Promoter | Kanubhai Patel |
| Promoter | Vasantkumar Narayanbhai Patel |
Key Insights:
- Promoters Kalpesh Dhanjibhai Patel and Kanubhai Patel bring 30+ years of industry experience.
- Strong technical expertise and industry connections support project execution and growth.
- Pre-issue promoter holding stood at 92.26%, which will dilute post-IPO.
Company Overview & Operations:-
Incorporated in June 2011, Om Power Transmission Limited operates as a specialized EPC company in the power transmission sector. It delivers turnkey projects, covering:
- Design & Engineering
- Procurement & Supply
- Installation & Testing
- Commissioning & Maintenance
Sectors / Clients Served:-
- State Electricity Utilities
- Renewable Energy Developers
- Power Grid Infrastructure Companies
Key Capabilities
| Segment | Details |
|---|---|
| Transmission Lines | 11 kV to 400 kV |
| Substations | 66 kV to 220 kV |
| Underground Cabling | Yes |
| O&M Services | Available |
Operational Scale:-
- Order book of ₹776.19 crore across 56 projects (as of Aug 31, 2025)
- Includes 50 EPC contracts and 6 O&M projects
- Managing 134 substations under maintenance
- Workforce of 1,164 employees (as of Dec 31, 2025)
- Expanding operations beyond Gujarat into Rajasthan and Punjab
Certifications:-
- ISO 9001:2015 — Quality Management
- ISO 45001:2018 — Occupational Health & Safety
- ISO 14001:2015 — Environmental Management
Summary:
The IPO funds are largely aimed at business expansion, debt reduction, and working capital, indicating a strong focus on scaling operations and improving financial stability.
Om Power Transmission Limited IPO — Financial Snapshot
Financial Performance:-
| Period | Revenue from Operations (₹ Cr) | PAT (₹ Cr) |
|---|---|---|
| FY23 | ₹120.24 | ₹6.24 |
| FY24 | ₹182.76 | ₹7.41 |
| FY25 | ₹279.43 | ₹22.08 |
Key Financial Metrics:-
- Revenue from operations grew at a strong CAGR of 52.45% (FY23–FY25)
- Profit After Tax (PAT) increased at an impressive CAGR of 88.17%
- RoCE (FY25): 41.76% — indicates efficient capital utilization
- Post-Issue P/E: 19.23x — fairly valued considering growth and margins
- GMP (7 April 2026): ₹1.5 — suggests cautious short-term sentiment
Company Strengths:-
- Experienced leadership — promoters bring 30+ years of industry expertise
- Strong order book of ₹744+ crore, ensuring future revenue visibility
- High financial growth with strong revenue and profit expansion
- ISO certified operations (Quality, Safety, Environment compliance)
- Diversified revenue via EPC + O&M services (recurring income advantage)
- Positive industry outlook due to India’s power infrastructure and renewable energy push
Key Risks & Challenges:-
- Heavy geographic concentration — major projects executed in Gujarat
- Rising receivables (₹144.07 crore) may create working capital pressure
- EPC risks — project delays, cost overruns, and approval dependencies
- Revenue volatility due to project-based business model
- Dependence on government/state utility clients
- Weak GMP reflects muted listing gain expectations
Disclaimer:-
This information is for educational purposes only. It is not investment advice. Before investing in the IPO of Om Power Transmission Limited, investors should carefully read the Red Herring Prospectus (RHP) and consult a financial advisor.
Stock market investments are subject to market risks.