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Om Power Transmission Limited
OMPOWER·₹166 – ₹175·Opens 2026-04-09
★★★☆☆3/5
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Overall
Price Band: ₹166 – ₹175
Min. Investment: ₹14,875
Lot Size: 85 shares
Issue Size: 150.06
About the Company
What does this company do?
Om Power Transmission Limited is an Engineering, Procurement and Construction (EPC) company offering integrated end-to-end services in power transmission infrastructure including transmission lines (up to 400 kV), substations, underground cabling, and operation & maintenance of substations. Incorporated in 2011 and pri…
IPO Details
Issue parameters, key dates and structure.
Reservation Structure
QIB (Qualified Institutional Buyers)
Up to 50%
Up to 60% of QIB portion may be allocated to Anchor Investors on discretionary basis
NII / HNI (Non-Institutional Investors)
Not less than 15%
RII (Retail Individual Investors)
Not less than 35%
Products & Brands
Key offerings and brand portfolio of the company.
Transmission Line EPC: End-to-end EPC services for overhead transmission lines up to 400 kV including tower erection, stringing and commissioning
Financial Performance
P&L, Balance Sheet and Cash Flow — all figures in ₹ Crores.
| Particulars (₹ Cr) | FY2023 | FY2024 | FY2025 | 9M FY2026 (Apr–Dec 2025) |
|---|---|---|---|---|
| Revenue from Operations | 120.24 | 182.76 | 279.44 | 274.54 |
| Other Income | 1.47 | 1.63 | 2.21 | 1.96 |
| EBITDA | 13.40 | 16.10 | 37.87 | 36.20 |
| EBITDA Margin | 11.1% | 8.8% | 13.6% | 13.2% |
| Depreciation & Amortisation | 1.32 | 1.32 | 1.19 | 1.50 |
| EBIT | 12.08 | 14.78 | 36.68 | 34.70 |
| Finance Costs (Interest) | 4.40 | 5.24 | 6.00 | 5.34 |
| PBT (Profit Before Tax) | 7.68 | 9.53 | 30.67 | 29.36 |
| Tax | 1.44 | 2.12 | 8.59 | 5.996 |
| PAT (Net Profit) | 6.24 | 7.41 | 22.08 | 23.37 |
| PAT Margin | 5.2% | 4.1% | 7.9% | 8.5% |
All figures in ₹ Crores (INR). Data sourced from DRHP/RHP.
Key Financial Ratios
Valuation and profitability metrics at the IPO price.
EPS — Basic (₹)
—
FY2025 — pre-IPO share capital was 6,00,000 shares; post-bonus 2,66,70,000 shares. Restated EPS not provided in extract.
EPS — Diluted (₹)
—
FY2025
P/E Ratio
—
At upper band of ₹175; EPS not restated in extract
RoNW (%)
30.39
FY2025: PAT ₹22.08 Cr / Net Worth ₹72.65 Cr
NAV per Share (₹)
—
Pre-issue; post-bonus share capital 2,66,70,000 shares. NAV = Net Worth / shares = 72.65 Cr / 2,66,70,000 = ₹27.24
Debt/Equity
0.26
FY2025: Total Debt ₹18.90 Cr / Net Worth ₹72.65 Cr
EBITDA Margin (%)
13.55
FY2025: EBITDA ₹37.87 Cr / Revenue ₹279.44 Cr
PAT Margin (%)
7.90
FY2025: PAT ₹22.08 Cr / Revenue ₹279.44 Cr
Revenue CAGR
52.4%
2-yr CAGR FY2023–FY2025: (279.44/120.24)^0.5 - 1
Objectives of the Issue
How the company intends to use the IPO proceeds.
⚠
Fund long-term working capital needs to enhance financial capacity for bid deposits, performance guarantees, and project-specific mobilisation advances
1
Procurement of equipment for project execution including stringing of transmission lines, fault detection in underground cables, transportation, loading and unloading of material
2
Remaining net proceeds to be used for general corporate purposes
SWOT Analysis
Internal strengths & weaknesses; external opportunities & threats.
💪Strengths
Strong EPC execution track record in power transmission
AA class accreditation with Gujarat state utility for projects up to 400 kV
Large and diversified order book of ₹74,460.27 lakhs
Experienced promoter team with 14+ years in power sector
ISO-certified processes
Operating 124 substations
⚠️Weaknesses
High geographical concentration in Gujarat
Working capital intensive operations
Relatively small scale compared to national EPC players
Dependence on government clients
🚀Opportunities
India's power T&D infrastructure expansion projected at USD 280 billion between FY24–FY30
Government target of 500 GW renewable energy by 2030
Annual addition of ~17,500 CKM of transmission lines planned
Expansion into new states — Rajasthan, Punjab, Dadra & Nagar Haveli
🔥Threats
Intense competition from larger, well-capitalised EPC companies
Policy and regulatory changes affecting power sector
Project execution risks and timeline overruns
Rising material costs impacting margins
Contingent liabilities from tax demands
Competitive Strengths
Key advantages highlighted in the DRHP.
✓
Strong track record in EPC execution with over 440 CKM of transmission lines and 4 substations completed
✓
AA class accreditation with state power transmission utility in Gujarat enabling bids up to 400 kV
✓
Experienced promoter team with deep industry knowledge since 2011
✓
Expanding geographical footprint into Rajasthan, Punjab and Dadra & Nagar Haveli
✓
Large and growing order book of ₹74,460.27 lakhs as of December 31, 2025
✓
ISO-certified processes and demonstrated technical competence in EHV execution
✓
Operating and maintaining 124 substations as of December 31, 2025
Promoters & Shareholding
Pre & post-IPO shareholding pattern. Click a promoter card to learn more.
Promoters
Shareholding Pattern
92.25%68.93%
7.75%31.07%
PrePost
Key Risks
Material risk factors to consider before applying.
⚠
Geographical concentration risk with historically concentrated operations in Gujarat
⚠
Dependence on government/state utility clients for project awards
⚠
Working capital intensive business with significant cash outflows from operations
⚠
Contingent liabilities relating to income tax and GST demands totalling ₹168.18 lakhs
⚠
Competition from larger EPC players for high-value projects
⚠
Project execution risks including delays beyond stipulated timelines
⚠
Risk of non-fulfilment of bank guarantees and performance guarantees
◆ Neutral
Should You Apply?
Om Power Transmission Limited is a Gujarat-based EPC company specialising in power transmission infrastructure including transmission lines (up to 400 kV), substations, underground cabling, and O&M services. The company has demonstrated strong revenue growth (2-yr CAGR ~52%) and improving profitability with PAT of ₹22.08 Cr in FY2025. With a robust order book of ₹74,460.27 lakhs and expansion into new geographies, the company is well-positioned to benefit from India's power sector growth. However, working capital intensity, geographical concentration in Gujarat, and the relatively small scale of operations are key risks. At the indicative price of ₹175 per share, valuations appear reasonable subject to final price band disclosure.
⚠️ This is not investment advice. CheckIPO provides information for educational purposes only. Always consult a SEBI-registered financial advisor before investing.
IPO Timeline
Key milestones from opening to listing.
📅
Issue open date
2026-04-09
🔒
Issue close date
2026-04-13
⏰
UPI mandate deadline
2026-04-13
🎯
Allotment finalization
2026-04-15
💰
Refund initiation
2026-04-16
📦
Share credit
2026-04-16
🏛️
Listing date
2026-04-17
Lead Managers & Registrar
Institutions managing the issue and handling allotment.
Book Running Lead Managers (1)
Beeline Capital Advisors
Registrar to the Issue
📋
MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
Registrar to the Issue
Company Details
Registered information and contact details.
Company Name
Om Power Transmission Limited
CIN
U45204GJ2011PLC066092
Registered Office
703 to 706, 7th Floor, Fortune Business Hub, Nr. Shell Petrol Pump, Science City Road, Sola, Ahmedabad-380060, Gujarat, India
Contact Person
Hardikkumar Jitendrabhai Patel
Designation
Company Secretary and Compliance Officer
Phone
+91-75748 80021
Email
cs@optl.inWebsite
www.ompowertransmission.com