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Om Power Transmission IPO

Om Power Transmission came to market through an IPO that opened on 9 April 2026 and closed on 13 April 2026, and the shares listed on 17 April 2026 on BSE, NSE. The price band was ₹166 to ₹175 per share and one lot was 85 shares, so the minimum application was ₹14,875. The issue size was ₹150.06 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.

MUFG Intime India Pvt.Ltd was the registrar to the issue, and Beeline Capital Advisors Pvt.Ltd was the lead manager.

Issue details

Issue type
Book Built Issue
Price band
₹166 to ₹175
Lot size
85 shares
Minimum investment
₹14,875
Face value
₹10 per share
Issue size
₹150.06 crore
Fresh issue
75,75,000 shares (aggregating up to ₹132.56 crore)
Offer for sale
10,00,000 shares (aggregating up to ₹17.5 crore)
Listing at
BSE, NSE
Registrar
MUFG Intime India Pvt.Ltd
Lead managers
Beeline Capital Advisors Pvt.Ltd
Promoter holding before the issue
92.26%
Promoter holding after the issue
68.92%

Timeline

Opens
9 April 2026
Closes
13 April 2026
Allotment
15 April 2026
Listing
17 April 2026

Subscription status by day

As of 13 April 2026.

Day
1
2
3

Listing day and after

Issue price
₹175
Listed on
17 April 2026

About Om Power Transmission

Founded in the year 2011, Om Power Transmission Limited has been an EPC organization that specializes in power transmission infrastructure, boasting over 14 years of experience. The main areas of competence of the organization include executing projects for the construction of high voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling works in turnkey basis, which include engineering, supply, erection, testing and commissioning among other O&M activities.

The company is accredited according to the standards of ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015. As at December 31, 2025, the total number of unexecuted projects in the Order Book is 58 with an estimated cost of ₹ 74,460.27 lakhs; of which 51 are EPC projects and 7 are O&M projects.

On December 31, 2025, the number of substations that the company is operating and maintaining is 124.On December 31, 2025, the number of permanent employees in the company is 1,164.

As described in the offer document.

Objects of the issue

  • Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment - ₹11.21 Cr
  • Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company - ₹25.00 Cr
  • Funding long-term working capital requirement of the Company - ₹55.00 Cr
  • General corporate purposes

Strengths

  • Successful Execution History: More than 14 years of proven expertise in Power Transmission EPC projects, including HV/EHV lines, substations, and underground cabling projects from conception to completion.
  • Highly Experienced Management: The promoters and management have a high level of industry expertise and help the company grow by delivering superior operational performance.
  • Diverse Order Book: Order book consisting of 58 projects (~₹744.6 Crores) ensures visibility, and expansion outside Gujarat in several states enhances revenue and diversity opportunities.

Risks

  • Bidding Process Risk: Most projects are awarded on the basis of a competitive bidding process. Not being successful in securing new tenders can negatively impact the performance of the business.
  • Region-Specific Risk: A lot of projects are concentrated in Gujarat, making the business prone to regional risks.
  • Estimation Risk: Incorrect estimation of costs of projects could affect margins and reduce profitability.

Financials (₹ crore)

Metric31-Dec-2531-Mar-2531-Mar-2431-Mar-23

Listed peers

Om Power
RoNW 30.4%%
Rajesh Power
RoNW 35.4%%
Advait Energy
RoNW 16.2%%
Viviana Power
RoNW 34.6%%

Om Power Transmission collects over Rs 45 crores from anchor investors prior to going public. Craft Emerging Market Fund PCC Limited (registered in Mauritius), through their two funds Elite Capital Fund and Citadel Capital Fund, was the biggest anchor investor, who purchased a total of 16.57 lakh shares for over Rs 29 crore.

Morgan Stanley Asia (Singapore) acquired 5.71 lakh shares of Om Power Transmission for Rs 10 crore, whereas Sunrise Investment Trust acquired 3.43 lakh shares of Om Power Transmission for Rs 6.01 crore.

Promoters

Kalpesh Dhanjibhai Patel, Kanubhai Patel, Vasantkumar Narayanbhai Patel. Promoter holding 92.26% before the issue and 68.92% after.

Application sizes

Retail (min)
1 lot, 85 shares, ₹14,875
Retail(max)
13 lots, 1105 shares, ₹1,93,375
sHNI(min)
14 lots, 1190 shares, ₹2,08,250
sHNI(max)
67 lots, 5695 shares, ₹9,96,625
bHNI(min)
68 lots, 5780 shares, ₹10,11,500

Valuation

EPS Pre IPO
₹8.28
EPS Post IPO
₹9.10
P/E Pre IPO
21.13
P/E Post IPO
19.23
ROE
35.83%
ROCE
41.76%
RoNW
30.40%
PAT Margin
7.84%
Debt/Equity
0.26
Price/Book
5.93
Market Cap
₹599.29 Cr

Registrar and allotment status

Registrar
MUFG Intime India Pvt.Ltd
Allotment status
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Phone
+91-22-4918 6270
Email
ompower.ipo@in.mpms.mufg.com

Work out the listing gain for this IPO

How allotment works

If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.

The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.

Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.

What happens on listing day

Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.

For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.

Questions about the Om Power Transmission IPO

What is Om Power Transmission IPO?

Om Power Transmission IPO was a ₹150.06 crore book-built issue, comprising a fresh issue of ₹132.56 crore and an offer for sale of ₹17.5 crore. It was priced at ₹166–₹175 per share with a lot size of 85 shares (₹14,875). The IPO was open from April 9 to April 13, 2026 and was subscribed 3.33x. Shares listed on BSE and NSE on April 17, 2026 at ₹186, a 6.3% premium to the issue price of ₹175. MUFG Intime India Pvt.

Ltd. is the registrar. Beeline Capital Advisors Pvt. Ltd. is the book running lead manager.

What is the price band of Om Power Transmission IPO?

The price band of Om Power Transmission IPO is ₹166 to ₹175 per share.

What is the lot size of Om Power Transmission IPO?

The lot size of Om Power Transmission IPO is 85 shares.

What is the minimum investment for Om Power Transmission IPO?

The minimum investment for Om Power Transmission IPO is approximately ₹14,875 based on the upper price band.

What is the allotment date of Om Power Transmission IPO?

The allotment date of Om Power Transmission IPO is Apr 15, 2026.

What was the GMP of Om Power Transmission IPO before listing?

Om Power Transmission IPO's final recorded GMP before listing was ₹1 per share (a 1% premium over the ₹175 upper price band). The shares listed at ₹186. GMP is unofficial and does not forecast or guarantee the actual listing price.

How has Om Power Transmission IPO share price performed since listing?

Om Power Transmission IPO listed on Apr 17, 2026. It was issued at ₹186.0(NSE) and is currently around ₹128.40 as on 2-Nov-2026 3:30 PM, which is approximately -26.6% versus issue price. The 52-week high is ₹206.00.

How to check Om Power Transmission IPO allotment status?

You can check Om Power Transmission IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Om Power Transmission IPO allotment status on Rupix for quick and easy access.

What was the price band of the Om Power Transmission IPO?

₹166 to ₹175 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.

What was the lot size of the Om Power Transmission IPO?

One lot was 85 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,875.

What was the minimum investment in the Om Power Transmission IPO?

₹14,875, for one lot of 85 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.

When did the Om Power Transmission IPO open and close?

It opened on 9 April 2026 and closed on 13 April 2026.

When was the allotment of the Om Power Transmission IPO?

The basis of allotment was published on 15 April 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.

When did Om Power Transmission list on BSE, NSE?

The shares listed on 17 April 2026 on BSE, NSE.

How large was the Om Power Transmission IPO?

The issue size was ₹150.06 crore. The fresh issue was 75,75,000 shares (aggregating up to ₹132.56 crore). The offer for sale was 10,00,000 shares (aggregating up to ₹17.5 crore).