Om Power Transmission IPO Sees 3.33x Subscription on Final Day, Listing Details to Follow

Om Power Transmission's IPO Closes with Decent Subscription

Om Power Transmission, a leading power transmission infrastructure EPC company, successfully closed its initial public offering (IPO) on April 13, with a decent subscription of 3.33 times across all categories of investors. The company had aimed to raise up to Rs 150.06 crore via the IPO, priced at the upper end of the band of Rs 166-175 per share.

The offer consisted of a fresh issue of 75.75 lakh shares worth Rs 132.56 crore, as well as an offer-for-sale of 10 lakh shares worth Rs 17.5 crore by promoters. During the three-day subscription period, the company received bids for 1.99 crore equity shares, exceeding the offer size of 60.02 lakh shares.

Subscription Details

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Om Power Transmission will finalize the IPO share allotment by April 15, with the shares set to be available for trading on the bourses effective April 17. The company's IPO shares were trading at a 1 percent premium in the grey market, according to market observers.

The company plans to utilize the proceeds from the fresh issue, totaling Rs 150.06 crore, as follows: Rs 11.2 crore for the purchase of machinery and equipment, Rs 25 crore for debt repayment, Rs 55 crore for long-term working capital requirements, and the remaining funds for general corporate purposes.

Om Power Transmission operates as an EPC service provider in the power transmission infrastructure segment, with an unexecuted order book of 58 projects worth Rs 744.6 crore as of December 2025. The company's order book includes 51 EPC projects and 7 O&M contracts. Beeline Capital Advisors is acting as the merchant banker for the Om Power Transmission IPO.

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