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Om Power Transmission IPO GMP: Om Power Transmission is gearing up for D-street listing. The company’s initial public offering (IPO) opened for bidding today, Thursday, April 9. With a Rs 150 crore IPO size, this power sector EPC company consist of a fresh issue of Rs 132 crore and an OFS of Rs 17.5 crore. Even before the subscriptions opened, the issue had generated significant buzz in the grey market, although the signals are not strong. Here are the significant details that you must go through before making any decision.
Om Power Transmission IPO: Price Band and investment details
The company has set a price band of Rs 166 to Rs 175 per share for this issue. The minimum lot size for retail investors is 85 shares, which will require an investment of approximately Rs 14,875. Investment limits have been set for large investors in different categories. The issue will open from April 9th until April 13th, with allotment expected on April 15th and listing on April 17th.
Om Power Transmission IPO response in grey market
Om Power Transmission’s business is focused on power transmission infrastructure. The company works on high-voltage and extra-high-voltage transmission lines, substations, and underground cabling projects. It also provides operation and maintenance services.
As of December 2025, the company had an order book of approximately Rs 744 crore, spread across 58 projects. It also operates and maintains 124 substations, which provide stability and visibility to its business.
Om Power Transmission: Financial performance
The company’s financial performance has shown consistent growth. For the nine months ended December 2025, revenue was Rs 276 crore, while profits were recorded at around Rs 23 crore. EBITDA margins were around 12.4 per cent and PAT margins were around 8.45 per cent, indicating stable performance.
Where will the money raised from Om Power Transmission IPO be used?
The company will invest a significant portion of the funds raised through this IPO to expand its business and strengthen its balance sheet. Approximately Rs 55 crore will be used for working capital, Rs 25 crore for debt repayment, and Rs 11 crore for capex. This is expected to strengthen both the company’s operational capabilities and financial position.
Om Power Transmission IPO GMP: Should you subscribe?
According to SBI Securities;
India’s Power Generation and Transmission market was valued at USD 125 bn in FY24, and is expected to grow to USD 280 bn by FY30P, registering a CAGR of 14.4% during FY24-FY30P.
Om Power Transmission: Key risks as per SBI Securities;
(i) The majority of projects are awarded through competitive bidding process. For Dec’25, OPTL’s bid win ratio stood at 35.7%. Failure to qualify for, compete for, or win new contracts could negatively impact its business.
(ii) Concentration of project portfolio and revenue generation in Gujarat.
(iii) Elevated days of trade receivables (191 days/117 days as of 9MFY26/FY25), primarily driven by higher dependency on PSU orders.
OPTL is a power transmission infrastructure EPC company with proven capabilities in executing HV and EHV transmission lines, substations, and underground cabling projects on a turnkey basis, along with comprehensive O&M services.
The company has demonstrated healthy financial performance with Revenue/EBITDA/PAT growing at a CAGR of 52%/73%/88% to Rs 279 cr/Rs 34 cr/Rs 23 cr respectively between FY23-25. Further, the company is well placed to capitalise on strong sector tailwinds, with India’s power generation and transmission market expected to expand from USD 125 bn in FY24 to USD 280 bn by FY30P, growing at a CAGR of 14.4%.
Additionally, the company also plans to repay its borrowings partially to the tune of Rs 25 cr, which will aid in savings of finance costs and boost profitability. At the upper price band of Rs 175, the issue is valued at a P/E of 27.1x/19.2x based on FY25 and annualised 9MFY26 earnings, respectively, on a post‑issue basis.
“We recommend investors to SUBSCRIBE to the issue at the cut-off price for a long-term investment horizon,” the brokerage noted.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
