Om Power Transmission
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 17 Apr 2026 | ₹2 | +1.14% | ₹100 | ₹177 | ₹170 |
| 16 Apr 2026 | ₹2 | +1.14% | ₹100 | ₹177 | ₹170 |
| 15 Apr 2026 | ₹1 | +0.57% | ₹100 | ₹176 | ₹85 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 09 Apr 2026 – 13 Apr 2026
- Listing date
- 17 Apr 2026
- Face value
- ₹10 per share
- Price band
- ₹166 – ₹175
- Issue price
- ₹175 per share
- Lot size
- 85 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹150 Cr
- Market cap at offer price
- ₹599 Cr
- Promoter holding
- 92.26% → 68.92% pre-issue → post-issue
- ISIN
- INE25E901019
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Beeline Capital Advisors Pvt.Ltd.
- Registered office
- 703 to 706, 7th Floor, Fortune Business Hub, Nr.Shell Petrol Pump, Science City Road, Sola, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 25,72,270 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 85 shares per lot, in multiples, at ₹175
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 85 | ₹14,875 |
| 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 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹175 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.28 | 9.10 |
| P/E (×) | 21.14 | 19.23 |
| Price to book (×) | 5.93 | — |
| Market cap | — | ₹599 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 30.40%
- ROCE
- 41.76%
- Debt / equity
- 0.26
- PAT margin
- 7.84%
- EBITDA margin
- 12.66%
- NAV per share
- ₹29.53
- Price to book
- 5.93
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Om Power Transmission
Om Power Transmission Limited (formerly Om Power Transmission Private Limited) was incorporated on June 29, 2011 under the Companies Act, 1956 in Gujarat and was converted into a public limited company in September 2025. It is an engineering, procurement and construction (EPC) company in the power transmission infrastructure sector, executing high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling projects delivered on a turnkey basis — encompassing design, engineering, supply, erection, installation, testing and commissioning — together with comprehensive operation and maintenance (O&M) services. Its EPC capabilities extend to transmission lines ranging from 11 kV to 400 kV and substations up to 220 kV. Since commencing operations in 2011 in the State of Gujarat, it has commissioned in aggregate over 1,000 circuit kilometers (CKM) of transmission lines and 11 substations, and as of December 31, 2025 had an unexecuted Order Book of 58 projects amounting to ₹74,460.27 lakhs (51 EPC projects and 7 O&M contracts). The company wins work primarily through competitive bidding, with public sector undertakings accounting for 83.74% of its Order Book and GETCO contributing 71.55% of revenue from operations in the nine months ended December 31, 2025; 100.00% of its completed projects were concentrated in Gujarat. Revenue from operations was ₹27,454.28 lakhs for the nine months ended December 31, 2025 (₹27,943.51 lakhs in Fiscal 2025), and the company had 1,164 permanent employees as of December 31, 2025.
Company Analysis
from DRHPOm Power Transmission Limited is an engineering, procurement and construction (EPC) company in the power transmission infrastructure sector that executes high-voltage (HV) and extra-high-voltage (EHV) transmission lines, substations and underground cabling projects on a turnkey basis, along with operation and maintenance (O&M) services.
Om Power Transmission Limited (formerly Om Power Transmission Private Limited) was incorporated on June 29, 2011 under the Companies Act, 1956 in Gujarat and was converted into a public limited company in September 2025. It is an engineering, procurement and construction (EPC) company in the power transmission infrastructure sector, executing high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling projects delivered on a turnkey basis — encompassing design, engineering, supply, erection, installation, testing and commissioning — together with comprehensive operation and maintenance (O&M) services. Its EPC capabilities extend to transmission lines ranging from 11 kV to 400 kV and substations up to 220 kV. Since commencing operations in 2011 in the State of Gujarat, it has commissioned in aggregate over 1,000 circuit kilometers (CKM) of transmission lines and 11 substations, and as of December 31, 2025 had an unexecuted Order Book of 58 projects amounting to ₹74,460.27 lakhs (51 EPC projects and 7 O&M contracts). The company wins work primarily through competitive bidding, with public sector undertakings accounting for 83.74% of its Order Book and GETCO contributing 71.55% of revenue from operations in the nine months ended December 31, 2025; 100.00% of its completed projects were concentrated in Gujarat. Revenue from operations was ₹27,454.28 lakhs for the nine months ended December 31, 2025 (₹27,943.51 lakhs in Fiscal 2025), and the company had 1,164 permanent employees as of December 31, 2025.
Objects of the Issue
- Funding of capital expenditure requirements of our Company towards purchase of machinery and equipment ₹1,120.94 lakhs p.113
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by our Company ₹2,500.00 lakhs p.113
- Funding long-term working capital requirement of our Company ₹5,500.00 lakhs p.113
- General Corporate Purposes ₹2,810.82 lakhs p.113
Issue Structure
- Total Issue
- 85,75,000* Equity Shares of face value of ₹ 10 each aggregating to ₹ 15,006.25* lakhs
- Fresh Issue
- 75,75,000* Equity Shares of face value of ₹ 10 each aggregating to ₹ 13,256.25* lakhs
- Offer for Sale
- 10,00,000* Equity Shares of face value of ₹ 10 each aggregating to ₹ 1,750.00* lakhs by the Promoter Selling Shareholders
- Price Band
- Minimum price of ₹ 166.00 per Equity Share (Floor Price) and maximum price of ₹ 175.00 per Equity Share (Cap Price); Offer Price ₹ 175.00 per Equity Share
- Lot Size
- 85 Equity Shares of face value of ₹10 each and in multiples of 85 Equity Shares thereafter
- Face Value
- ₹ 10 each
Business Model
Earns revenue from turnkey EPC contracts (design, engineering, supply, erection, installation, testing, commissioning) for transmission lines, substations and underground cabling, and from defined-term operation and maintenance contracts for substations and transmission lines. Projects are won mainly through competitive bidding of government/PSU tenders (e.g., GETCO); billing is linked to work completion milestones, with clients retaining retention money (around 20% for government and around 10% for private customers) and requiring performance bank guarantees.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Kalpesh Dhanjibhai Patel | Promoter; Chairman and Executive Director | 32.28% | 25.14% |
| Kanubhai Patel | Promoter; Managing Director | 32.28% | 25.14% |
| Vasantkumar Narayanbhai Patel | Promoter; Whole-Time Director | 27.67% | 21.55% |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.