Om Power Transmission IPO to hit Dalal Street on April 9; price band set at Rs 166-175 per share

Om Power Transmission, a power transmission infrastructure EPC company, will launch its Rs 150-crore initial public offering (IPO) for subscription later this week on April 9.

The price band for the offer has been fixed at Rs 166–175 per share, valuing the company at Rs 617 crore.

The IPO of 85.75 lakh shares comprises 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 planned earlier, as per the draft document filed in September 2025. 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 will finalise the IPO share allotment by April 15, and its shares are expected to be listed on the bourses on April 17.

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Ahmedabad-based Om Power Transmission, which has expertise in executing high-voltage and extra-high-voltage transmission lines, substations, and underground cabling projects, intends to utilise Rs 11.2 crore from the fresh issue for the purchase of machinery and equipment, and Rs 25 crore for the repayment of certain borrowings.

Further, Rs 55 crore will be utilised for long-term working capital requirements, and the remaining amount will be used for general corporate purposes.

Since the start of operations 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 Gujarat.

As of December 2025, “our unexecuted order book comprised 58 projects amounting to Rs 744.6 crore, including 51 EPC projects and 7 operation & maintenance contracts, while we operate and maintain 124 substations,” Om Power Transmission said in its DRHP.

The 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.

Further, profit for the nine-month period ended December 2025 stood at Rs 23.4 crore, with revenue of Rs 274.5 crore.