Om Power Transmission IPO: ₹166-175 Price Band Set, Key Dates and Issue Details Revealed

Om Power Transmission IPO Sees Listing Approval

The Om Power Transmission IPO price band has been fixed at ₹166 to ₹175 per equity share, with a face value of ₹10. The initial public offering (IPO) is scheduled to open for subscription on Thursday, April 9 and will close on Monday, April 13. Prior to the public issue, the allocation to anchor investors is scheduled to take place on Wednesday, April 8.

IPO Details

Om Power Transmission, a power transmission infrastructure EPC company based in Ahmedabad, is seeking to raise ₹150 crore through the IPO. The offering includes a fresh issue of 75.75 lakh shares and an offer-for-sale of 10 lakh shares by the promoters. The proceeds from the IPO will primarily be allocated towards acquiring machinery and equipment, repaying specific debts, and meeting working capital needs.

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Reservation of Shares

The IPO has reserved not more than 50% of the shares for qualified institutional buyers (QIB), not less than 15% for non-institutional investors (NII), and not less than 35% of the offer for retail investors. The lot size for the IPO is 85 equity shares, with multiples of 85 equity shares available thereafter.

Listing and Refunds

The basis of allotment of shares is expected to be finalized on Wednesday, April 15, with refunds initiated on Thursday, April 16. The shares are expected to be credited to the demat account of allottees on the same day, following refunds. Listing on the BSE and NSE is scheduled for Friday, April 17.

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Company Overview

Om Power Transmission is an engineering, procurement, and construction (EPC) company specializing in power transmission infrastructure, with over 14 years of industry experience. The firm's proficiency lies in executing high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, and underground cabling projects, delivered on a turnkey basis.

Peer Comparison

According to the company's red herring prospectus (RHP), the company's listed peers include Rajesh Power Services Ltd (P/E of 16.38), Advait Energy Transitions Ltd (P/E of 57.52), and Viviana Power Tech Ltd (P/E of 25.15).

Note: The comparison table highlights the price-to-earnings (P/E) ratio of Om Power Transmission's listed peers.