Om Power Transmission IPO Day 1: Subscribed 6% in early bids; Check GMP and other details

Om Power Transmission’s IPO, valued at Rs 150.06 crore, opened for subscription today. In the initial hours, the issue saw a 6% subscription on the 60.02 lakh shares on offer. The retail portion fared slightly better, with 11% subscription. The IPO will remain open for bidding until Monday, April 13.

Grey market trends suggest a modest listing, with a premium of around 4% (Rs 7) over the issue price of Rs 175, indicating an estimated listing price of Rs 182.

The Rs 150 crore issue comprises a fresh issue of Rs 133 crore and an offer for sale (OFS) worth Rs 17 crore. Shares are scheduled to list on the BSE and NSE on April 17.

Retail investors can apply for a minimum of 85 shares, requiring an investment of Rs 14,875 at the upper end of the price band. Allocation is structured with up to 50% reserved for qualified institutional buyers (QIBs), at least 35% for retail investors, and 15% for non-institutional investors.

The company secured Rs 45 crore from anchor investors on April 8, reflecting some institutional interest, although secondary market signals remain subdued.

Om Power Transmission IPO subscription status:

As of 10:45 AM on Day 1, the IPO was subscribed 5% overall on the 60.02 lakh shares on offer, according to BSE data.

Retail Individual Investors (RIIs): 11% subscribed on 30.01 lakh shares.
Non-Institutional Investors (NIIs): 2% subscribed on 12.86 lakh shares.
Qualified Institutional Buyers (QIBs): No bids received yet on 17.15 lakh shares.

Om Power Transmission GMP today

Grey market trends suggest a modest listing, with a premium of around 4% (Rs 7) over the issue price of Rs 175, pointing to an estimated listing price of Rs 182. Note: The Grey Market Premium (GMP) is an unofficial indicator and does not guarantee the actual listing price.

Om Power Transmission Overview

Om Power Transmission is an EPC (Engineering, Procurement, and Construction) company specializing in power transmission infrastructure. Its expertise spans high-voltage and extra-high-voltage transmission lines, substations, and underground cabling. The company also offers operation and maintenance services and has executed projects for both government utilities and private-sector clients.

As of December 2025, the company’s order book stood at approximately Rs 744 crore across 58 projects, providing strong revenue visibility. Additionally, it operates and maintains 124 substations, demonstrating a diversified presence across its core segments.

On the financial front, the company has delivered steady growth. Revenue for the nine months ended December 2025 was Rs 276 crore, with a profit after tax (PAT) of Rs 23 crore. Margins have remained stable, with an EBITDA margin of around 12.4% and PAT margin of 8.45%.

Proceeds from the IPO will primarily be used to support business expansion and strengthen the balance sheet. This includes Rs 55 crore for working capital, Rs 25 crore for debt repayment, and Rs 11 crore for capital expenditure.

Beeline Capital Advisors Pvt. Ltd. is the book running lead manager, while MUFG Intime India Pvt. Ltd. serves as the registrar for the issue.

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