MUMBAI – Om Power Transmission Limited, a Gujarat-based specialist in high-voltage power infrastructure, is set to enter the primary market with its Initial Public Offering (IPO) on Thursday, April 09, 2026. The company has established a price band of ₹ 166 to ₹ 175 per equity share, aiming to raise approximately ₹ 15,006.25 lakhs at the upper end of the price spectrum.
Offer Structure and Timeline
The public issue consists of a fresh issue of up to 75,75,000 equity shares and an offer for sale (OFS) of up to 10,00,000 equity shares by existing shareholders.
Investors can bid for a minimum of 85 equity shares and in multiples thereof. The three-day subscription window will close on Monday, April 13, 2026, while the anchor investor bidding is scheduled for April 08. The shares are proposed to be listed on both the National Stock Exchange (NSE) and the BSE Limited.
A Decade of Infrastructure Excellence
Founded in 2011, Om Power Transmission has carved a niche in the Engineering, Procurement, and Construction (EPC) segment. The company focuses on high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, and underground cabling.
To date, the firm has commissioned over 1,000 circuit kilometers (CKM) of transmission lines and 11 substations. Its expertise spans the full EPC value chain—from design and engineering to commissioning and long-term operation and maintenance (O&M) services.
Financial Performance: A Growth Story
The company’s financial trajectory has seen a sharp upward curve. Between Fiscal 2023 and Fiscal 2025, Om Power’s revenue from operations surged from ₹ 12,023.63 lakhs to ₹ 27,943.51 lakhs, representing a CAGR of 52.45%. Even more impressive is the bottom-line growth; profit for the year grew at a CAGR of 88.17% over the same period.
For the nine-month period ending December 31, 2025, the company reported a robust revenue of ₹ 27,454.28 lakhs and a profit after tax of ₹ 2,336.80 lakhs, signaling sustained momentum heading into the IPO.
Strategic Roadmap
The net proceeds from the fresh issue are earmarked for critical growth drivers:
- Capital Expenditure: Purchasing advanced machinery and equipment to enhance execution capacity.
- Debt Management: Pre-payment or repayment of certain outstanding borrowings to strengthen the balance sheet.
- Working Capital: Supporting the long-term operational needs of increasingly complex projects.
"The IPO is expected to support our next phase of growth by strengthening operational capabilities and supporting participation in larger projects," said Kalpesh Dhanjibhai Patel, Chairman and Executive Director.
Market Participation
The offer is structured to cater to diverse investor classes:
- Qualified Institutional Buyers (QIB): Up to 42,87,175 shares.
- Non-Institutional Investors (NII): At least 12,86,475 shares.
- Retail Individual Investors (RII): At least 30,01,350 shares.
Beeline Capital Advisors Private Limited is acting as the Book Running Lead Manager, with MUFG Intime India Private Limited serving as the Registrar to the issue.
- Paresh B. Mehta