In 2026, India’s IPO market continues to witness strong momentum, driven by increased retail participation, stable equity markets, and growing investor interest in infrastructure and capital-intensive sectors. Companies operating in power, energy, and EPC segments are gaining attention due to the government’s continued focus on infrastructure expansion and electrification projects.
Against this backdrop, Om Power Transmission Limited is set to launch its IPO on April 9, 2026. Here is a detailed insight into the company, its IPO details, and the broader industry outlook.
About Om Power Transmission Ltd.
Incorporated in June 2011, Om Power Transmission Limited is a power transmission infrastructure company specialising in engineering, procurement, and construction services. The company has over 14 years of experience in executing turnkey projects across high-voltage and extra-high voltage transmission lines, substations, and underground cabling.
Its services include design, engineering, supply, installation, testing, commissioning, and maintenance of transmission infrastructure. The company is certified under ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 standards, ensuring quality and operational excellence.
As of December 31, 2025, the company has:
- An order book of 58 projects valued at ₹744.60 crore
- 51 EPC projects and 7 operation and maintenance contracts
- 124 substations under operation and maintenance
- A workforce of 1,164 permanent employees
Business Verticals
- Transmission Line EPC Projects
- Substation EPC Projects
- Underground Cable Projects
- Operation and Maintenance Services
Om Power Transmission IPO Details
The IPO is a book-building issue aggregating to ₹150.06 crore, comprising a fresh issue and an offer for sale.
The company intends to utilise the funds towards capital expenditure, repayment of borrowings, working capital requirements, and general corporate purposes.
Important IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | April 9, 2026 |
| IPO Close Date | April 13, 2026 |
| Allotment Date (Tentative) | April 15, 2026 |
| Initiation of Refunds | April 16, 2026 |
| Credit of Shares to Demat | April 16, 2026 |
| Listing Date (Tentative) | April 17, 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 13, 2026 |
Key IPO Details
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹166 to ₹175 per share |
| Lot Size | 85 Shares |
| Total Issue Size | 85,75,000 shares (₹150.06 Cr) |
| Fresh Issue | ₹132.56 Cr |
| Offer for Sale | ₹17.50 Cr |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-issue | 2,66,70,000 shares |
| Shareholding Post-issue | 3,42,45,000 shares |
Lot Size of Om Power Transmission IPO
| 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 |
Om Power Transmission Ltd. Financials
The company has demonstrated consistent growth in its financial performance over recent years.
Key Company Financials (₹ Crore)
| Period Ended | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Assets | 240.06 | 150.17 | 117.85 | 105.14 |
| Revenue | 276.50 | 281.65 | 184.39 | 121.71 |
| Profit After Tax | 23.37 | 22.08 | 7.41 | 6.23 |
| Net Worth | 119.84 | 72.65 | 50.64 | 43.36 |
| Total Borrowing | 38.47 | 18.90 | 26.23 | 25.57 |
Key Performance Indicators
- ROE: 24.28%
- ROCE: 26.53%
- Debt to Equity: 0.32
- PAT Margin: 8.45%
- EBITDA Margin: 12.38%
IPO Objects of the Issue
The company proposes to utilise the net proceeds for:
- Capital expenditure towards machinery and equipment
- Repayment or prepayment of borrowings
- Funding long-term working capital requirements
- General corporate purposes
Om Power Transmission Ltd.: Industry Outlook
- India’s power transmission sector is witnessing strong growth driven by rising electricity demand and renewable energy integration.
- Government initiatives such as rural electrification, smart grids, and green energy transitions are boosting EPC opportunities.
- Expansion of transmission infrastructure is critical to support renewable energy targets and industrial growth.
- Increasing investments in transmission and distribution networks are expected to create long-term demand for EPC companies.
- The sector benefits from policy support and large-scale infrastructure spending by both central and state governments.
Conclusion
Om Power Transmission Limited operates in a high-growth infrastructure segment with strong execution capabilities and a healthy order book. The company has demonstrated consistent financial performance and expansion into multiple regions beyond its initial stronghold.
However, investors should carefully evaluate risks such as project execution delays, dependency on order inflows, and sustainability of recent profit growth. Based on current financials, the IPO appears fairly priced, and long-term investors with an interest in the infrastructure and power sector may consider evaluating this opportunity.
