Om Power Transmission IPO opens today. Check GMP, price band, subscription and other details

The IPO of Om Power Transmission opened for subscription on Thursday, with grey market signals indicating a flat listing amid cautious sentiment in the primary market. The Rs 150 crore issue, which will close on April 13, has a price band of Rs 166-175 per share. The IPO is a mix of a fresh issue of Rs 133 crore and an offer for sale worth Rs 17 crore. Shares are scheduled to list on the BSE and NSE on April 17.

Despite steady fundamentals, the IPO is currently commanding a grey market premium (GMP) of 0%, suggesting no immediate listing gains are expected. This comes at a time when investor appetite for IPOs has moderated due to broader market volatility and mixed listing performances.

Retail investors can apply for a minimum lot size of 85 shares, requiring an investment of Rs 14,875 at the upper end of the price band. The issue has reserved not more than 50% for qualified institutional buyers (QIBs), at least 35% for retail investors, and 15% for non-institutional investors.


Ahead of the IPO, the company raised Rs 45 crore from anchor investors on April 8, indicating some institutional interest, though secondary market cues remain subdued.

Om Power Transmission is an EPC player focused on power transmission infrastructure, with capabilities across high-voltage and extra-high voltage transmission lines, substations and underground cabling. The company also provides operation and maintenance services and has executed projects for government utilities and private sector clients.

As of December 2025, the company had an order book of about Rs 744 crore across 58 projects, providing revenue visibility. It also operates and maintains 124 substations, reflecting a diversified presence across its core segments.

Financially, the company has shown consistent growth. Revenue stood at Rs 276 crore for the nine months ended December 2025, while profit after tax came in at Rs 23 crore. Margins have remained stable, with EBITDA margin at around 12.4% and PAT margin at 8.45%.

The IPO proceeds will be used largely for business expansion and balance sheet strengthening. This includes Rs 55 crore towards working capital requirements, Rs 25 crore for debt repayment and Rs 11 crore for capital expenditure.

However, the lack of grey market premium suggests investors remain selective, especially in a market where geopolitical tensions and liquidity concerns have led to cautious participation in new listings.

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