Srinibas Pradhan Constructions IPO...
28 Feb, 2026
Om Power Transmission IPO
The Om Power Transmission IPO is a book-built issue comprising a fresh issue of up to 90,000,000 equity shares and an offer for sale (OFS) of up to 1,000,000 equity shares, with the face value of ₹10 for each equity share. The company filed its DRHP with SEBI on September 30, 2025.
The price band and official dates of listing and subscription will be announced later through the RHP. The equity shares are proposed to be listed on the BSE and NSE platforms. The Book Running Lead Manager (BRLM) for the issue is Beeline Capital Advisors Private Ltd., and MUFG Intime India Private Ltd. is the registrar to the issue.
Company Background
Om Power Transmission Ltd. was originally incorporated on June 29, 2011. It commenced operations in the state of Gujarat and has since evolved into a specialized EPC contractor. In September 2025, the company was converted into a public limited company to facilitate the Om Power Transmission IPO.
The company is headquartered in Ahmedabad, Gujarat, where it has built its presence over the last 14 years as a key player in the regional power transmission sector. Om Power Transmission has progressed from a small EPC entrant to a company with enhanced execution capabilities for complex high-voltage projects, primarily serving state utilities and private developers.
Operations & Product Range
Om Power Transmission Ltd. operates as a one-stop solution provider in the power transmission infrastructure segment. Its core business activities include:
- • Execution of High Voltage (HV) and Extra High Voltage (EHV) transmission lines ranging from 11 kV to 400 kV.
- • Establishment of substations with capacities ranging from 66 kV to 220 kV, including Air Insulated Substations (AIS) and Gas Insulated Substations (GIS).
- • Trenching, laying, and termination of underground cables for HT and LT power systems.
- • Provision of long-term operation and maintenance services for substations and transmission lines to ensure grid reliability.
Facilities & Capacity
The operational presence of Om Power Transmission Ltd. has been primarily concentrated in Gujarat, where it has delivered more than 100 projects since inception. The company is now expanding its geographical footprint by securing projects in Rajasthan and Punjab, marking its entry into North India.
As of August 31, 2025, the company had an unexecuted order book of ₹77,619.35 lakhs across 56 projects. A portion of the IPO proceeds is proposed to be utilized for the purchase of machinery and equipment such as digital pullers, tensioners, and cranes to support project execution.
Brands & Market Presence
Om Power Transmission Ltd. operates under its corporate brand and has established a strong market presence in Western India, particularly in Gujarat. The company is registered as a Class ‘AA’ contractor with Gujarat Energy Transmission Corporation Ltd. (GETCO), enabling it to undertake transmission line projects up to 400 kV and substation projects up to 220 kV.
The company is known for its execution capabilities and was awarded “Best EPC Company” during 2015–17 at the GETCO Vendor Conference. It also holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, reflecting its adherence to quality, environmental, and safety standards.
Revenue Streams & Business Model
Om Power Transmission Ltd. derives revenue from multiple segments, including transmission line EPC projects (51.77%), underground cabling projects (28.47%), operation and maintenance services (11.20%), and substation EPC projects (8.32%), with the majority of revenue historically generated from Gujarat. In Fiscal Year 2025, the company reported revenue from operations of ₹27,943.51 lakhs.
The business model is gradually diversifying with increasing contributions expected from projects in Rajasthan and Punjab. The company secures orders through a mix of government tenders, including public sector utilities, and private sector clients.
Management & Shareholding
Om Power Transmission Ltd. is promoted by Kalpesh Dhanjibhai Patel, Kanubhai Patel, and Vasantkumar Narayanbhai Patel. Prior to the IPO, the promoters collectively held 92.24% of the paid-up equity share capital. Post-issue, their shareholding will be diluted due to the fresh issue of shares and the offer for sale component.
Board & Key Management
The Board of Directors is led by Chairman Kalpesh Dhanjibhai Patel, Managing Director Kanubhai Patel, and Whole-Time Director Vasantkumar Narayanbhai Patel. The board also includes independent directors such as Anand Mohan Tiwari, Alpesh Dharamsinh Desai, Ishvarlal Mafatlal Bhavsar, and Shikha Agarwal, ensuring strong governance, transparency, and oversight.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Om Power Transmission IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Om Power Transmission IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹10 per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Issue and Offer for Sale (OFS) |
| Total Issue Size | Up to 1,00,00,000 Equity Shares |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | Up to 90,00,000 Equity Shares |
| Offer for Sale | Up to 10,00,000 Equity Shares |
| Net Offered to Public | - |
| Issue Type | 100% Book Built Offer |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | 2,66,70,00,000 shares |
| Share Holding Post Issue | - |
Om Power Transmission IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | 5:00 PM on the Bid/Offer Closing Date |
Om Power Transmission IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | - | ₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | - | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | - | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | - | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | - | Over ₹10,00,000 |
Om Power Transmission IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 92.26% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • More than 14 years of experience, with the commissioning of over 1,000 circuit kilometers of transmission lines and several substations, which is an indication of strong project execution abilities.
- • Diversified order book in transmission lines, substations and O&M business, which gives a clear indication of revenue visibility.
- • The promoters have been associated with the company since its inception, which gives them strong domain knowledge of the power transmission business.
- • Provides a one-stop solution for all its services, including underground cabling and O&M, which helps the company tap a larger part of the value chain.
Om Power Transmission IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 150.17 | 281.65 | 22.08 | 72.65 | 72.05 | 18.90 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 117.85 | 184.39 | 7.41 | 50.64 | 50.04 | 26.23 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 105.14 | 121.71 | 6.23 | 43.36 | 42.76 | 25.57 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 35.83% |
| ROCE | 41.76% |
| Debt/Equity | 0.26 |
| RoNW | 30.40% |
| PAT Margin | 7.84% |
| EBITDA Margin | 12.66% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.98 | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
The company intends to utilize the net proceeds from the fresh issue of the Om Power Transmission IPO for the following key purposes:
- • Funding working capital requirements to support execution of its growing order book.
- • Repayment or prepayment of certain borrowings to strengthen the balance sheet.
- • Investment in machinery and equipment to enhance execution capabilities.
- • General corporate purposes.
Conclusion
The Om Power Transmission IPO provides the company with an opportunity to strengthen its financial position and scale operations beyond its core market of Gujarat. With a solid EPC track record, a robust order book exceeding ₹77,000 lakhs, and increasing diversification into underground cabling and multi-state projects, the company is strategically positioned to benefit from India’s ongoing power infrastructure expansion. The IPO proceeds are expected to enhance execution capacity, improve tendering capabilities for larger projects, and support long-term growth in the power transmission sector.
IPO DRHP Status
| # | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 30-09-2025 | View DRHP |
| 2 | SEBI/Exchange approval received | 13-02-2026 | - |
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Frequently Asked Questions (FAQs)
-
What is the total size of the Om Power Transmission IPO?
The IPO consists of a total issue of up to 10,000,000 equity shares, which includes a fresh issue of up to 9,000,000 shares and an offer for sale of up to 1,000,000 shares.
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Who are the book-running lead managers for the Om Power Transmission IPO?
Beeline Capital Advisors Private Ltd. is the book-running lead manager for the issue.
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What does Om Power Transmission Ltd. do?
The company provides Engineering, Procurement and Construction (EPC) services for power transmission lines, substations and underground cabling, along with Operation & Maintenance (O&M) services.
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How will the proceeds from the Om Power Transmission IPO be used?
The net proceeds will be used to fund long-term working capital, repay outstanding borrowings, purchase machinery and equipment and for general corporate purposes.
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Is the Om Power Transmission IPO a fresh issue or an offer for sale?
This IPO is a mix of both a fresh issue of 90,000,000 equity shares by the company and an offer for sale (OFS) of 1,000,000 equity shares by the existing promoters.
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Where is Om Power Transmission Ltd. headquartered?
The company is headquartered in Ahmedabad, Gujarat.
