Om Power Transmission to List on BSE and NSE on April 9, Price Fixed at Rs 166-175 Per Share

Om Power Transmission Set to Launch Rs 150-Crore IPO on April 9

Om Power Transmission, a power transmission infrastructure EPC company, is gearing up to launch its initial public offering (IPO) for subscription later this week on April 9. The company has fixed the price band for the offer at Rs 166–175 per share, valuing it at Rs 617 crore. The IPO comprises 85.75 lakh shares, including a fresh issue of 75.75 lakh shares and an offer-for-sale (OFS) of 10 lakh shares by the promoters.

The offer size has been reduced from 1 crore equity shares as per the draft document filed in September 2025. The Securities and Exchange Board of India cleared the IPO papers on February 13, 2026. The IPO anchor book will open for a day on April 8, while the public issue will remain open until April 13.

The company plans to utilise the funds raised from the IPO for various purposes. Specifically, Rs 11.2 crore will be used for the purchase of machinery and equipment, while Rs 25 crore will be utilised for the repayment of certain borrowings. Additionally, Rs 55 crore will be allocated for long-term working capital requirements, and the remaining amount will be used for general corporate purposes.

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Om Power Transmission, which has expertise in executing high-voltage and extra-high-voltage transmission lines, substations, and underground cabling projects, has a strong presence in Gujarat. Since its inception in 2011, the company has commissioned transmission lines, substations, and underground cables, covering over 1,000 circuit kilometres of transmission lines and 11 substations in the state.

The company's financial performance in recent years has been healthy, with profit growing threefold to Rs 22.1 crore in FY25 from Rs 7.4 crore in the previous year. Revenue during the same period increased 52.9 percent to Rs 279.4 crore from Rs 182.8 crore.

Om Power Transmission's unexecuted order book comprised 58 projects amounting to Rs 744.6 crore, including 51 EPC projects and 7 operation & maintenance contracts, as of December 2025. The company also operates and maintains 124 substations. The shares are expected to be listed on the bourses on April 17, with the company finalising the IPO share allotment by April 15.

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Beeline Capital Advisors has been appointed as the sole book-running lead manager for managing the Om Power Transmission IPO.