| Event | Date |
|---|---|
| Open Date | 09-04-2026 , Thursday |
| Close Date | 13-04-2026 , Monday |
| Tentative Allotment | 15-04-2026 , Wednesday |
| Tentative Listing Date | 17-04-2026 , Friday |
| Retail Appl. Cut Off Time | 13-04-2026 , Monday 05:00 PM |
| Non Retail Appl. Cut Off Time | 13-04-2026 , Monday 04:00 PM |
| Anchor Allotment | 08-04-2026 , Wednesday |
| Initiation Of Refund | 16-04-2026 , Thursday |
| Credit Of Share To Demat | 16-04-2026 , Thursday |
OM Power Transmission Limited is a power transmission infrastructure company with over 14 years of experience in Engineering, Procurement and Construction projects. The company executes high-voltage and extra-high-voltage transmission lines, substations, underground cabling projects and operation and maintenance services on a turnkey basis.
EPC means Engineering, Procurement and Construction. It includes design, engineering, procurement of materials, construction, erection, testing and commissioning of the project.
O&M means Operation and Maintenance. It refers to post-completion services where the company operates, monitors and maintains transmission lines or substations.
HV means High Voltage and EHV means Extra High Voltage. These terms are used for high-capacity power transmission systems.
CKM means Circuit Kilometres. It is a measurement used to represent the length of transmission lines.
kV means Kilovolt, a unit used to measure electrical voltage.
AIS means Air Insulated Substation and GIS means Gas Insulated Substation. These are types of substations based on insulation technology.
SCADA means Supervisory Control and Data Acquisition. It is used for remote monitoring and control of substations.
GETCO means Gujarat Energy Transmission Corporation Limited. PSU means Public Sector Undertaking. OEM means Original Equipment Manufacturer.
OM Power Transmission Limited is engaged in power transmission infrastructure projects. The company’s work includes transmission lines, substations, underground cabling and operation and maintenance services.
The company commenced operations in Gujarat in 2011. Since then, it has commissioned transmission lines, substations and underground cables covering more than 1,000 circuit kilometres of transmission lines and 11 substations in aggregate.
Its EPC capabilities extend to transmission lines ranging from 11 kV to 400 kV and substations up to 220 kV.
OM Power Transmission operates mainly through EPC and O&M contracts. In EPC projects, the company undertakes project design, engineering, material procurement, supply, erection, installation, testing and commissioning. In O&M services, the company operates and maintains substations and transmission lines after project completion.
This is an infrastructure execution business. Growth depends on order book size, tender wins, project execution, working capital management, timely completion and payment collection.
Transmission lines are used to transfer bulk electricity from power generation sources to substations and end-users. They are also important for grid stability and renewable energy evacuation.
The company executes transmission line projects across voltage levels from 11 kV to 400 kV. The scope includes route survey, design, engineering, procurement of towers and conductors, excavation, tower foundation, tower erection, stringing, testing and commissioning.
The company provides end-to-end services for substation projects, including design, supply, erection, testing, commissioning and civil works. It has executed Air Insulated Substations, Gas Insulated Substations and SCADA-based monitoring systems.
The company has experience in delivering substation EPC solutions ranging from 66 kV to 220 kV.
The company undertakes underground cabling projects for high-voltage and extra-high-voltage power systems. Underground cabling is generally used where overhead transmission lines are not feasible due to space constraints, safety concerns, right-of-way issues or urban infrastructure limitations.
Its services include trenching, cable laying, jointing and termination.
The company provides long-term operation and maintenance services for substations and transmission lines. These services help ensure continuous availability and reliability of power infrastructure assets.
As of December 31, 2025, the company had 4 total customers for O&M, including 3 customers for substation O&M and 2 customers for transmission line O&M.
| Business Vertical | 9M Dec 2025 | % of Revenue | FY2025 | % of Revenue | FY2024 | % of Revenue | FY2023 | % of Revenue |
|---|---|---|---|---|---|---|---|---|
| Transmission Lines EPC Projects | Rs. 12,293.33 lakh | 44.78% | Rs. 14,465.63 lakh | 51.77% | Rs. 10,727.20 lakh | 58.70% | Rs. 7,272.00 lakh | 60.48% |
| Substation EPC Projects | Rs. 5,727.50 lakh | 20.86% | Rs. 2,324.76 lakh | 8.32% | Rs. 1,353.61 lakh | 7.41% | Rs. 1,394.27 lakh | 11.60% |
| Underground Cabling Projects | Rs. 7,108.13 lakh | 25.89% | Rs. 7,955.63 lakh | 28.47% | Rs. 3,147.91 lakh | 17.22% | Rs. 1,281.60 lakh | 10.66% |
| Operation and Maintenance Services | Rs. 2,316.69 lakh | 8.44% | Rs. 3,129.62 lakh | 11.20% | Rs. 2,986.57 lakh | 16.34% | Rs. 2,069.41 lakh | 17.21% |
| Other Operating Revenue | Rs. 8.63 lakh | 0.03% | Rs. 67.87 lakh | 0.24% | Rs. 60.87 lakh | 0.33% | Rs. 6.35 lakh | 0.05% |
| Total | Rs. 27,454.28 lakh | 100.00% | Rs. 27,943.51 lakh | 100.00% | Rs. 18,276.16 lakh | 100.00% | Rs. 12,023.63 lakh | 100.00% |
Order book is a key indicator for EPC companies because it represents the committed portion of anticipated future revenue.
| Particulars | 9M Dec 2025 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Order Book | Rs. 74,460.27 lakh | Rs. 44,168.85 lakh | Rs. 51,560.95 lakh | Rs. 20,989.09 lakh |
| Book-to-Bill Ratio | 2.71x | 1.58x | 2.82x | 1.75x |
| Customer Category | 9M Dec 2025 | % of Order Book | FY2025 | % of Order Book | FY2024 | % of Order Book | FY2023 | % of Order Book |
|---|---|---|---|---|---|---|---|---|
| Public Sector Undertakings | Rs. 62,350.54 lakh | 83.74% | Rs. 37,195.05 lakh | 84.21% | Rs. 45,105.72 lakh | 87.48% | Rs. 13,804.38 lakh | 65.77% |
| Private Sector | Rs. 12,109.73 lakh | 16.26% | Rs. 6,973.80 lakh | 15.79% | Rs. 6,455.23 lakh | 12.52% | Rs. 7,184.71 lakh | 34.23% |
| Total | Rs. 74,460.27 lakh | 100.00% | Rs. 44,168.85 lakh | 100.00% | Rs. 51,560.95 lakh | 100.00% | Rs. 20,989.09 lakh | 100.00% |
| Customer Category | 9M Dec 2025 | % of Revenue | FY2025 | % of Revenue | FY2024 | % of Revenue | FY2023 | % of Revenue |
|---|---|---|---|---|---|---|---|---|
| Public Sector Undertakings | Rs. 23,965.75 lakh | 87.29% | Rs. 20,936.51 lakh | 74.92% | Rs. 10,398.84 lakh | 56.90% | Rs. 7,145.88 lakh | 59.43% |
| Private Sector | Rs. 3,488.53 lakh | 12.71% | Rs. 7,007.00 lakh | 25.08% | Rs. 7,877.32 lakh | 43.10% | Rs. 4,877.75 lakh | 40.57% |
| Total | Rs. 27,454.28 lakh | 100.00% | Rs. 27,943.51 lakh | 100.00% | Rs. 18,276.16 lakh | 100.00% | Rs. 12,023.63 lakh | 100.00% |
| Particulars | 9M Dec 2025 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue from Top Customer | 71.55% | 50.41% | 42.00% | 42.68% |
| Revenue from Top 10 Customers | 97.65% | 95.68% | 97.66% | 96.76% |
| Particulars | 9M Dec 2025 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Total Income | Rs. 27,650.19 lakh | Rs. 28,164.77 lakh | Rs. 18,439.45 lakh | Rs. 12,170.73 lakh |
| Revenue from Operations | Rs. 27,454.28 lakh | Rs. 27,943.51 lakh | Rs. 18,276.16 lakh | Rs. 12,023.63 lakh |
| Profit After Tax | Rs. 2,336.80 lakh | Rs. 2,208.48 lakh | Rs. 741.24 lakh | Rs. 623.72 lakh |
| Operating Cash Flows | Rs. -3,738.61 lakh | Rs. 1,244.61 lakh | Rs. 353.08 lakh | Rs. 1,005.40 lakh |
| Gross Profit | Rs. 6,452.59 lakh | Rs. 7,020.00 lakh | Rs. 4,526.34 lakh | Rs. 3,390.55 lakh |
| Gross Profit Margin | 23.34% | 24.92% | 24.55% | 27.86% |
| PAT Margin | 8.45% | 7.84% | 4.02% | 5.12% |
| EBITDA | Rs. 3,424.45 lakh | Rs. 3,565.60 lakh | Rs. 1,446.63 lakh | Rs. 1,192.94 lakh |
| EBITDA Margin | 12.38% | 12.66% | 7.85% | 9.80% |
| ROE | 24.28% | 35.83% | 15.77% | 15.18% |
| ROCE | 26.53% | 41.76% | 18.41% | 15.45% |
| Debt-to-Equity Ratio | 0.32x | 0.26x | 0.52x | 0.59x |
| Current Ratio | 1.86x | 1.81x | 1.34x | 1.26x |
| Net Capital Turnover Ratio | 2.62x | 4.57x | 4.29x | 3.11x |
| Particulars | 9M Dec 2025 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Order Book | Rs. 74,460.27 lakh | Rs. 44,168.85 lakh | Rs. 51,560.95 lakh | Rs. 20,989.09 lakh |
| Order Inflow | Rs. 56,335.07 lakh | Rs. 21,452.77 lakh | Rs. 49,446.74 lakh | Rs. 10,468.65 lakh |
| Number of Projects Completed | 15 | 26 | 11 | 25 |
| Number of Ongoing Projects | 58 | 42 | 48 | 36 |
| Number of Customers | 17 | 24 | 18 | 17 |
| Book-to-Bill Ratio | 2.71x | 1.58x | 2.82x | 1.75x |
| Project Win Rate | 35.71% | 40.58% | 43.75% | 46.05% |
The company serves public sector undertakings and private sector clients engaged in power generation, renewable energy, transmission and distribution, and civil construction.
The company undertakes large-scale transmission and substation EPC projects for government authorities and state-level utilities, including GETCO and other electricity boards.
The company executes infrastructure services for renewable energy clients, including substation and power evacuation-related projects.
The company undertakes dedicated transmission line and substation projects for industrial and corporate energy users.
The company has contributed to infrastructure initiatives, including complex transmission-line relocation and switching tasks.
The company has over 14 years of experience in power transmission infrastructure projects across transmission lines, substations and underground cabling.
Order book stood at Rs. 74,460.27 lakhs as of December 31, 2025, providing revenue visibility.
The company has capabilities in transmission lines up to 400 kV and substations up to 220 kV.
More than 63.82% of transmission lines erected during the nine months ended December 31, 2025 and the last three fiscals were of 220 kV or higher voltage class.
The company has ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 certifications. It also holds AA Class certification from GETCO.
The company has historically focused on Gujarat but has recently expanded operations to Rajasthan, Punjab and Dadra and Nagar Haveli and Daman and Diu.
OM Power Transmission Limited is a power transmission EPC company with strong execution experience, a sizeable order book and established relationships with public sector utilities.
The company operates in an important infrastructure segment linked to power transmission, grid expansion and renewable energy evacuation. Its capabilities across transmission lines, substations, underground cabling and O&M services provide diversified exposure within the transmission infrastructure space.
The financial growth has been strong, with revenue and PAT rising significantly from FY2023 to FY2025. The order book of Rs. 74,460.27 lakhs as of December 31, 2025 provides future revenue visibility.
OM Power Transmission is not a consumer-facing business. It is a project execution and infrastructure EPC company. Such companies should be evaluated based on order book quality, execution timeline, client concentration, payment collection cycle, working capital requirement, operating cash flow, project margins, debt levels and tender win rate.
This content is prepared only for educational and informational purposes for IPORupee users based on information available in the company’s RHP/DRHP and related disclosures.
| Category | Percentage | No. of Shares Offered | Amount |
|---|---|---|---|
QIB | 50.00 % | 42,87,500 | 75.03 Cr |
Retail | 35.00 % | 30,01,250 | 52.52 Cr |
Total HNI | 15.00 % | 12,86,250 | 22.51 Cr |
SHNI | 5.00 % | 4,28,750 | 7.50 Cr |
BHNI | 10.00 % | 8,57,500 | 15.01 Cr |
Om Power Transmission Limited allotted 25,72,270 equity shares to anchor investors at ₹175 per share on 08 Apr 2026 before the IPO opening. The total anchor allocation stood at 45.01 Cr across 4 anchor investors.
The largest anchor investor received 42.21% of the anchor portion. The top five anchor investors together received 25,72,270 shares, representing about 100.00% of the total anchor allocation.
| Rank | Anchor Investor Name | Shares Allocated | Allocation % | Allocation Amount |
|---|---|---|---|---|
| 1 | CRAFT EMERGING MARKET FUND PCC-CITADEL CAPITAL FUND | 10,85,790 | 42.21 % | 19.00 Cr |
| 2 | MORGAN STANLEY ASIA (SINGAPORE) PTE. | 5,71,455 | 22.22 % | 10.00 Cr |
| 3 | CRAFT EMERGING MARKET FUND PCC- ELITE CAPITAL FUND | 5,71,455 | 22.22 % | 10.00 Cr |
| 4 | SUNRISE INVESTMENT TRUST- SUNRISE INVESTMENT OPPORTUNITIES FUND | 3,43,570 | 13.35 % | 6.01 Cr |
The figures are based on the company’s stock exchange anchor allotment intimation. Anchor allocation is only an informational disclosure and does not indicate future listing performance.
| Application | Discount | Qty (Lot) | Total |
|---|---|---|---|
Retail MIN | - | 85 (1) | ₹ 14,875 |
Retail MAX | - | 1105 (13) | ₹ 1,93,375 |
SHNI MIN | - | 1190 (14) | ₹ 2,08,250 |
SHNI MAX | - | 5695 (67) | ₹ 9,96,625 |
BHNI MIN | - | 5780 (68) | ₹ 10,11,500 |
| Objective | No Of Shares | Amount |
|---|---|---|
Fresh Issue | 75,75,000 | 132.56 Cr |
Offer for Sale | 10,00,000 | 17.50 Cr |
| # | Title | Published Date |
|---|---|---|
| 1 | Om Power Transmission IPO – Day 3 Update | 13-04-2026 , Monday |
| Name | Contact Person | Telephone | Website | |
|---|---|---|---|---|
Beeline Capital Advisors Private Limited | Nikhil Shah | +91 079 4918 5784 | mb@beelinemb.com | www.beelinemb.com |
Understand company details, IPO size, price band, lot size, exchange listing, fresh issue and Offer for Sale (OFS) in simple language for retail investors.
This IPO is of Om Power Transmission Limited. The issue is scheduled to open on Thursday, 09 April 2026 and closes on Monday, 13 April 2026.
After the IPO process is completed, the shares are proposed to be listed on both NSE and BSE.
IPO size means the total amount offered to investors through the public issue.
For Om Power Transmission Limited IPO, the total issue size is Rs 150.06 crore, consisting of a fresh issue of Rs 132.56 crore and an Offer for Sale (OFS) of Rs 17.5 crore.
Price band is the price range within which investors can bid for shares in a book-built IPO.
For this IPO, the lower price band is Rs 166 per share and the upper price band is Rs 175 per share.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Om Power Transmission Limited IPO, the minimum lot size is 85 shares. At the upper price band of Rs 175 per share, the minimum application amount is Rs 14,875. Applications must be made in multiples of 85 shares.
Fresh Issue means the company issues new shares to investors and receives money from that part of the IPO.
For Om Power Transmission Limited IPO, the Fresh Issue size is Rs 132.56 crore. The company can use these funds for purposes mentioned in the IPO documents, such as business growth, repayment of borrowings, working capital, capital expenditure, or general corporate purposes.
Offer for Sale (OFS) means existing shareholders sell their shares to the public through the IPO.
For Om Power Transmission Limited IPO, the Offer for Sale (OFS) size is Rs 17.5 crore. In an OFS, the selling shareholders receive the money, and the company usually does not receive funds from that portion.
Understand the important IPO dates, allotment process, refund schedule and listing timeline in a retail-friendly format.
The IPO opening date is the first day on which investors can apply for the public issue.
For Om Power Transmission Limited IPO, the IPO opens on Thursday, 09 April 2026.
The IPO closing date is the last day on which investors can submit, modify, or cancel their IPO applications.
Om Power Transmission Limited IPO closes on Monday, 13 April 2026.
The tentative allotment date is the expected date on which the registrar finalizes the share allotment for valid IPO applications.
For Om Power Transmission Limited IPO, the tentative allotment date is Wednesday, 15 April 2026.
The tentative listing date is the expected date on which IPO shares begin trading on the stock exchanges.
Om Power Transmission Limited IPO is expected to list on Friday, 17 April 2026.
After allotment, funds are unblocked or refunds are initiated for non-allotted investors, while allotted shares are credited to investors' demat accounts before listing.
For Om Power Transmission Limited IPO, refund initiation is expected on Thursday, 16 April 2026, and credit of shares to demat accounts is expected on Thursday, 16 April 2026.
Understand IPO category-wise reservation, QIB quota, retail quota, HNI allocation, shareholder reservation and the meaning of structure columns in a simple format.
IPO structure shows how shares are divided among different categories of investors, such as QIB, Retail, NII/HNI, Employees, and Shareholders.
For Om Power Transmission Limited IPO, the available categories in the structure table include QIB, Retail, Non-Institutional Investors (NII/HNI). The NII/HNI category includes SHNI and BHNI sub-categories. Investors can use this table to understand category-wise allocation before applying.
QIB stands for Qualified Institutional Buyers. This category includes mutual funds, banks, insurance companies, and other large financial institutions.
In Om Power Transmission Limited IPO, 50% shares are reserved under the QIB category, with 42,87,500 shares offered, and an allocation amount of ₹75.03 crore.
The Retail category is reserved for individual investors and HUFs applying for up to Rs 2 lakh within the retail investment limit allowed under IPO rules.
In Om Power Transmission Limited IPO, 35% shares are reserved under the Retail category, with 30,01,250 shares offered, and an allocation amount of ₹52.52 crore.
NII/HNI stands for Non-Institutional Investors / High Net-Worth Individuals. This category generally includes investors applying for more than Rs 2 lakh, above the retail investment limit.
In Om Power Transmission Limited IPO, 15% shares are reserved under the NII/HNI category, with 12,86,250 shares offered, and an allocation amount of ₹22.51 crore.
SHNI stands for Small HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 2 lakh but not exceeding Rs 10 lakh.
In Om Power Transmission Limited IPO, 5% shares are reserved under the SHNI sub-category, with 4,28,750 shares offered, and an allocation amount of ₹7.50 crore.
BHNI stands for Big HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 10 lakh.
In Om Power Transmission Limited IPO, 10% shares are reserved under the BHNI sub-category, with 8,57,500 shares offered, and an allocation amount of ₹15.01 crore.
Understand retail lot size, HNI application limits, employee category, shareholder category and investment amount calculations using the IPO lot table.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Om Power Transmission Limited IPO, the minimum lot size is 85 shares. At the upper price band of Rs 175 per share, the minimum application amount is Rs 14,875. Applications must be made in multiples of 85 shares.
Retail minimum application shows the minimum application size for retail investors.
For Om Power Transmission Limited IPO, the Retail minimum application is 85 shares (1 lot) for about Rs 14,875.
Retail maximum application shows the maximum application size generally available under the retail category.
For Om Power Transmission Limited IPO, the Retail maximum application is 1,105 shares (13 lots) for about Rs 1,93,375.
SHNI minimum application shows the minimum application size for the Small HNI category.
For Om Power Transmission Limited IPO, the SHNI minimum application is 1,190 shares (14 lots) for about Rs 2,08,250.
SHNI maximum application shows the maximum application size available under the Small HNI category, when provided.
For Om Power Transmission Limited IPO, the SHNI maximum application is 5,695 shares (67 lots) for about Rs 9,96,625.
BHNI minimum application shows the minimum application size for the Big HNI category.
For Om Power Transmission Limited IPO, the BHNI minimum application is 5,780 shares (68 lots) for about Rs 10,11,500.
Understand important financial figures in simple language using the financial statement data available for the IPO.
Financial Highlights show important numbers from the company's financial statements. These may include income, expenses, profit, assets, liabilities, cash flow and other financial information, depending on the data available for the IPO.
The table displays available financial data based on the IPO information currently available. Fields may differ from company to company depending on disclosures and reporting format.
Investors should read the table to understand the company's financial performance and financial position over different periods.
The table may help users review income, expenses, profitability, balance sheet position, cash movement or other financial information, depending on the available data.
Financial statement line items may differ because companies operate in different industries and may follow different reporting formats.
Some companies may provide detailed financial breakup, while others may present broader financial categories.
Investors should review income, expenses, profitability, debt position, asset base, liabilities and cash flow position together.
A single financial figure should not be used alone to judge the company.
Profit is important, but it does not show the full financial picture.
Investors should also review revenue quality, expenses, debt, assets, liabilities, cash flow, valuation and business risks.
Cash flow helps investors understand how money moves in and out of the business.
A company may report profit but still face cash flow pressure, so cash flow should be reviewed along with profit, debt and balance sheet information.
No. Financial Highlights are useful, but investors should also review valuation, peer comparison, KPI data, business risks, IPO pricing, management discussion and official offer documents such as the RHP or DRHP.
Understand how the company may be compared with similar businesses using the peer comparison data available for the IPO.
Peer Comparison means comparing the IPO company with businesses operating in a similar sector or industry.
It helps investors understand the company in a broader industry context.
Peer Comparison helps investors understand how the company can be compared with similar businesses using available financial or valuation metrics.
It is useful for context, but it should not be treated as a final investment conclusion.
Peer comparison metrics may differ depending on the companies selected, accounting format, business model and available public information.
Investors should compare only relevant and similar metrics.
Investors should use the peer comparison table as a reference point.
Available metrics should be read together with business model, scale, profitability, margins, debt, growth, valuation and IPO pricing.
No. Peer Comparison does not directly decide whether an IPO is good or bad.
It only provides context for comparison. Final analysis should include financial statements, KPI data, valuation, risk factors and official offer documents.
No. Peer Comparison is only one part of IPO analysis.
Investors should also review financial statements, KPI data, business risks, valuation, IPO pricing and company fundamentals.
Understand important KPI metrics in simple language using the key performance indicator data available for the IPO.
Key Performance Indicators, or KPIs, are financial and valuation metrics used to understand profitability, efficiency, leverage, return-based ratios and earnings performance.
They help investors understand the company beyond basic financial figures.
KPIs help investors assess profitability, capital efficiency, leverage, valuation and earnings quality.
They should be reviewed together with financial statements, peer comparison and IPO pricing.
KPI data may differ depending on the company, industry, financial disclosures and available offer document information.
Not every IPO may provide every KPI, and some metrics may not be applicable to every business.
Investors should read KPI metrics together instead of relying on one ratio.
A single KPI may not give the full picture unless it is reviewed with financial statements, peer comparison, business model and valuation.
No. High or low KPI values need context.
The meaning of a ratio may differ depending on industry, business model, debt level, growth stage, profitability and IPO valuation.
No. KPI data is useful, but it should not be used alone.
Investors should also review financial statements, peer comparison, business risks, valuation, IPO pricing and official offer documents such as the RHP or DRHP.