In the grey market, the stock is currently trading at a modest premium of Rs 1.5 (around 0.86%) over its issue price of Rs 175—hinting at a muted debut. Based on this, the estimated listing price is approximately Rs 176.5, indicating a mild listing gain.
The IPO will remain open from April 9 to April 13, 2026, with a price band set between Rs 166 and Rs 175 per share. Investors can bid in lots of 85 shares, requiring a minimum investment of Rs 14,875 at the upper price band.
The allotment is expected to be finalised on April 15, 2026, and the company is likely to make its stock market debut on both NSE and BSE on April 17.
About Om Power Transmission
Founded in June 2011, Om Power Transmission Limited is an EPC (engineering, procurement, and construction) company specialising in power transmission infrastructure, with over 14 years of industry experience.
The company focuses on delivering turnkey solutions for high-voltage (HV) and extra-high voltage (EHV) projects, including transmission lines, substations, and underground cabling. Its end-to-end capabilities cover design, engineering, procurement, installation, testing, commissioning, as well as comprehensive operation and maintenance (O&M) services.
Objects of the Issue
The proceeds from the IPO will be primarily utilised to support the company’s growth and strengthen its financial position. A portion of Rs 11.21 crore will be allocated towards capital expenditure, specifically for the purchase of machinery and equipment.
Additionally, Rs 25.00 crore will be used for the pre-payment or repayment, either in part or in full, of certain outstanding borrowings, helping reduce the company’s debt burden. The largest share, Rs 55.00 crore, is marked for meeting long-term working capital requirements to support ongoing operations and expansion.
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The remaining funds will be used for general corporate purposes.
On the financial front, the company reported a strong performance in FY25, with profit surging 198% to Rs 22.08 crore compared to Rs 7.41 crore in the previous fiscal year. Revenue also witnessed robust growth, rising 53% year-on-year to Rs 281.65 crore from Rs 184.39 crore.
Beeline Capital Advisors Pvt. Ltd. is serving as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. has been appointed as the registrar.
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