New Delhi, 09 April (H.S.):

Om Power Transmission Ltd., a key player in power transmission infrastructure via EPC and O&M services, launched its ₹150.06 crore IPO today, open for bids until April 13. Allotment is slated for April 15, with shares crediting demat accounts on April 16 and tentative listing on BSE and NSE on April 17. Priced at ₹166-175 per share (face value ₹10), the lot size is 85 shares, requiring a minimum retail investment of ₹14,875 (1 lot) or up to ₹1,93,375 for 13 lots (1,105 shares). Employees receive an ₹8 discount per share.

The issue comprises a fresh issuance of 75.75 lakh shares (₹133 crore) and an offer-for-sale of 10 lakh shares. On April 8, anchors like Morgan Stanley Asia (Singapore), Krafft Emerging Market Fund PCC-Elite Capital Fund, Krafft Emerging Market Fund PCC-Citadel Capital Fund, and Sunrise Investment Trust-Sunrise Investment Opportunities Fund subscribed to 25.72 lakh shares at ₹175, raising ₹45.01 crore.

Reservations: 50% QIBs, 35% retail, 15% NIIs; book-running lead manager: Belain Capital Advisors Pvt. Ltd.; registrar: MUFG Intime India Pvt. Ltd.

Financial Snapshot

Om Power Transmission, founded in 2011, has shown robust growth. Net profit surged from ₹6.23 crore (FY23) to ₹7.41 crore (FY24), ₹22.08 crore (FY25), and ₹23.37 crore (9M FY26). Revenue climbed from ₹121.71 crore (FY23) to ₹184.39 crore (FY24), ₹281.65 crore (FY25), and ₹276.50 crore (9M FY26). Debt fluctuated: ₹25.57 crore (FY23), ₹26.23 crore (FY24), ₹18.90 crore (FY25), ₹38.47 crore (9M FY26). Net worth rose from ₹43.36 crore (FY23) to ₹119.84 crore (9M FY26); reserves/surplus from ₹42.76 crore to ₹93.17 crore; EBITDA from ₹11.93 crore to ₹34.24 crore (9M FY26). Order book stands at ₹744.6 crore as of Dec 31, 2025. Post-issue market cap: ~₹599 crore at upper band.

Capitalizing on India's power grid expansion, the IPO funds growth amid surging demand for transmission lines and substations.

Hindusthan Samachar / Jun Sarkar