Om Power Transmission Limited is set to launch its Initial Public Offering (IPO). It is an Engineering, Procurement, and Construction (EPC) company focused on high-voltage and extra-high-voltage transmission lines and substations.
The public issue will open on Thursday, April 9, 2026, and close on Monday, April 13, 2026. Find details about all the upcoming and latest IPOs, in our IPOs coming next week section.
Through a combination of a fresh issue and an Offer for Sale (OFS), the company aims to raise approximately ₹150.06 Crores to fund its capital expenditure, repay borrowings, and meet long-term working capital requirements.
In this article, you will find Om Power Transmission IPO GMP today, allotment date, price band, and a detailed review with financial performance, strength and weakness as well as valuation. For detailed subscription status, check out our daywise IPO subscription page.
Briefs of Om Power Transmission IPO Details:
- Price Band: ₹166 – ₹175 per equity share
- IPO Open / Close Dates: April 9, 2026 – April 13, 2026
- Face Value: ₹10 per Equity Share
- Lot Size: 85 Shares (Minimum Retail Investment: ₹14,875)
- Issue Size: 85,75,000 Equity Shares / ~₹150.06 Crores
- Fresh Issue: 75,75,000 Shares (~₹132.56 Cr)
- Offer for Sale (OFS): 10,00,000 Shares (~₹17.50 Cr)
- Registrar: MUFG Intime India Pvt. Ltd.
- Listing Exchange: BSE, NSE
You can check our detailed guide on MUFG Intime allotment status if you have any queries to registrar for allotment related issue.
IPO Reservation:
The offering is reserved as follows:
- QIB Portion: Not more than 50% of the Offer (Anchor Investors may be allocated up to 60% of the QIB portion).
- NII (HNI) Portion: Not less than 15% of the Offer.
- Retail (RII) Portion: Not less than 35% of the Offer.
WHAT Is The Om Power Transmission IPO GMP Today?
Find latest gmps of all the live, closed and upcoming IPOs at our gmp latest section which is updated daily.
You can track our GMP and listing performance reports at our IPO GMP vs Listing Accuracy Study where we analyse how gmp and listing are corelated.
Note: The Grey Market Premium (GMP) changes daily based on market demand. It is an unofficial indicator and is not regularised by SEBI, NSE, or BSE. Investors should not rely solely on GMP for investment decisions.
What Are The Important Om Power Transmission IPO Dates & Allotment Schedule?
For investors planning their capital allocation, here is the critical timeline for the issue:
- IPO Open Date: Thursday, April 9, 2026
- IPO Close Date: Monday, April 13, 2026
- Basis of Allotment Date: Wednesday, April 15, 2026
- Refund Initiation Date: Thursday, April 16, 2026
- Credit of Shares: Thursday, April 16, 2026
- Listing Date: Friday, April 17, 2026
What Are The Objectives of Om Power Transmission IPO?
The company proposes to utilise the Net Proceeds from the Fresh Issue towards the following strategic purposes:
- Working Capital: A major allocation of ₹55.00 Crores is earmarked for funding long-term working capital requirements, which is crucial for managing the earnest money deposits and retention money typical in EPC contracts.
- Debt Repayment: ₹25.00 Crores will be used to prepay or repay outstanding borrowings, reducing the overall finance costs.
- Capital Expenditure: ₹11.21 Crores is allocated for purchasing new machinery and equipment to support existing business operations.
- General Corporate Purposes: The remaining balance (up to 25% of Gross Proceeds) will be deployed for strategic initiatives, brand building, and operational contingencies.
(Note: The company will not receive any proceeds from the Offer for Sale).
How is The Financial Performance of Om Power Transmission?
The following table summarises the financial performance of the company based on restated financial statements.
(Figures in ₹ Crores)
Particulars | Period Ended 31 Dec 25 (9M) | FY 2024-25 | FY 2023-24 | FY 2022-23 |
Total Income | 276.50 | 281.65 | 184.39 | 121.71 |
Profit After Tax (PAT) | 23.37 | 22.08 | 7.41 | 6.24 |
EBITDA | 34.24 | 35.66 | 14.47 | 11.93 |
Total Borrowing | 38.47 | 18.90 | 26.23 | 25.57 |
Assets | 240.06 | 150.17 | 117.85 | 105.14 |
Source: RHP
Financial Analysis & Observations:
Total Income:
The company demonstrated exceptional revenue growth, expanding from ₹121.71 Crores in FY23 to ₹281.65 Crores in FY25. This robust 52.45% CAGR was driven by the execution of high-value integrated EPC projects in the underground cabling and transmission line segments, supported by India’s massive infrastructure push.
Profit After Tax (PAT):
PAT surged impressively from ₹6.24 Crores in FY23 to ₹22.08 Crores in FY25. The bottom-line momentum is sustaining, with the company reporting a PAT of ₹23.37 Crores in just the first nine months of FY26, reflecting enhanced operational leverage and optimisation of project costs.
EBITDA:
Operational efficiency has improved, with EBITDA reaching ₹35.66 Crores in FY25. The EBITDA margins expanded from 9.80% in FY23 to 12.66% in FY25, highlighting the company's ability to capitalise on economies of scale within its specialised EPC niche.
Total Borrowing:
Debt levels fluctuated to manage working capital needs, standing at ₹38.47 Crores by December 2025. However, the debt-to-equity ratio remains highly comfortable at 0.32x, providing financial flexibility without severely straining the balance sheet.
Assets:
The asset base nearly doubled from ₹117.85 Crores in FY24 to ₹240.06 Crores by December 2025. This rapid asset expansion is predominantly fueled by an increase in current assets, mirroring the company's growing unexecuted order book (over ₹744 Crores) and its geographical expansion.
What Are the P/E Ratio and Peer Comparison?
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹8.98, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 19.48x at the upper end of the price band (₹175).
P/E Ratio = ₹175(Price) / ₹8.98 (Earnings Per Share)
P/E Ratio ≈ 19.48x
Peer Comparison Table (FY 2025 Data):
Company | P/E Ratio | RoNW (%) | EPS (₹) |
Om Power Transmission | 19.48 | 30.40 | 8.98 |
Rajesh Power Services | 16.38 | 35.44 | 57.74 |
Viviana Power Tech | 25.15 | 34.65 | 32.19 |
Advait Energy Transitions | 57.52 | 16.27 | 29.06 |
Analysis:
Om Power Transmission is entering the market at a P/E multiple of approximately 19.48x based on its FY25 EPS.
When compared to the industry peers, this valuation sits comfortably between Rajesh Power Services (16.38x) and Viviana Power Tech (25.15x), and represents a massive discount to Advait Energy Transitions (57.52x).
Crucially, Om Power has a Return on Net Worth (RoNW) of 30.40%, placing its fundamental return profile strongly in line with the best-performing peers in the sector, suggesting a very reasonable pricing strategy.
How P/E of an IPO is related with listing performance, check it in our IPO Valuation vs Listing Performance Study 2026. For detailed IPO performance of 2026 check our detailed IPO analytic page.
What is The Industry Outlook of Om Power Transmission limited?
Growth Potential:
The Indian power transmission sector is experiencing structural tailwinds. To integrate the targeted 500 GW of renewable energy by 2030, massive investments are mandated in the national grid and EHV transmission lines.
Market Trends:
The EPC sector is shifting towards specialised turnkey providers who can manage end-to-end execution. Government allocations, such as the record ₹12.2 trillion capital expenditure for infrastructure, guarantee a steady pipeline of domestic projects for established contractors.
What Are The Strengths and Risks of Om Power Transmission IPO?
Strengths:
- Robust Order Book: With unexecuted orders worth over ₹744 Crores, the company has an excellent Book-to-Bill ratio of 2.71x, ensuring revenue visibility.
- High Capital Efficiency: The company boasts excellent return metrics, generating a Return on Capital Employed (RoCE) of 41.76% and an RoE of 35.83% in FY25.
- Sector Tailwinds: The company is perfectly positioned to capitalise on India's massive grid integration requirements for renewable energy.
Risks:
- Client Concentration: The top customer accounted for over 71% of revenue in the recent 9M period. Additionally, over 83% of the order book is tied to PSUs, exposing the company to government spending cycles.
- Working Capital Intensity: The EPC business demands heavy working capital. The company reported negative operating cash flows (-₹37.38 Crores) in the period ended December 2025.
- Input Cost Volatility: Operating on fixed-price contracts makes margins vulnerable to fluctuations in commodity prices (steel, copper, aluminium).
Key Considerations for Investors
This analysis is neutral and for informational purposes only.
- Valuation Context: At ~19.5x P/E, the pricing appears very competitive relative to the growth profile and industry peers, offering a potential margin of safety.
- Growth Trajectory: The massive, confirmed order book provides high confidence in near-term revenue realisation, though execution remains key.
- Risk Profile: Investors must balance the exceptional return ratios against the severe client concentration and the working capital-heavy nature of the EPC business.
Key Takeaways
- IPO Price: ₹175 per share (Upper Band).
- Min Investment: ₹14,875 (85 Shares).
- Valuation: P/E of ~19.48x
- Financials: Revenue ₹281 Cr (FY25);
- Allotment: April 15, 2026
- Listing: BSE & NSE on April 17, 2026.
FAQs on Om Power Transmission IPO
What is Om Power Transmission IPO GMP today?
The GMP is a dynamic market sentiment indicator. Please check trusted our latest gmp section.
What is Om Power Transmission IPO price band?
The price band is fixed at ₹166 to ₹175 per equity share.
What is Om Power Transmission IPO allotment date?
The allotment status is expected to be finalised on Wednesday, April 15, 2026.
How to check Om Power Transmission IPO allotment status?
Investors can check the status on the website of MUFG Intime India Pvt. Ltd. (the Registrar) or via the BSE/NSE IPO allotment portals.
What is Om Power Transmission IPO listing date?
The shares are tentatively scheduled to list on Friday, April 17, 2026.
Investment Perspective on Om Power Transmission IPO
Om Power Transmission presents a highly compelling growth narrative in the booming power infrastructure space.
With a massive order book, superior return ratios, and an attractive valuation compared to its peers, it stands out as a strong candidate.
However, the heavy reliance on a single client and the working capital-intensive nature of the EPC business are critical risks to monitor.
Disclaimer: This article is strictly for educational purposes. Please consult a SEBI-registered investment advisor before making any investment decisions.
