| Price | Lot Size | Issue Date | Issue Size |
|---|---|---|---|
| ₹166 to ₹175 | 85 | 09th Apr, 2026 – 13th Apr, 2026 | ₹150 Cr |
Om Power Transmission Limited
Om Power Transmission Ltd. (OPTL), incorporated in 2011 in Gujarat, is an EPC (engineering, procurement, and construction) company specializing in power transmission infrastructure, with over 14 years of experience. The company focuses on executing high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, and underground cabling projects on a turnkey basis. Its services cover the entire project lifecycle, including design, engineering, supply, erection, installation, testing, commissioning, and comprehensive operation and maintenance (O&M). Since its inception, OPTL has commissioned transmission lines, substations and underground cables, covering in aggregate over 1,000 circuit kilometers (CKM) of transmission lines and 11 substations respectively. Its EPC capabilities span transmission lines ranging from 11 kV to 400 kV and substations up to 220 kV. During the nine months ended December 31, 2025, and over the past three financial years, the company has executed more than 500 CKM of transmission lines and underground cabling, along with 4 substations. As of December 31, 2025, OPTL’s unexecuted order book stood at Rs. 74,460.27 lakhs across 58 projects, including 51 EPC projects and 7 O&M contracts. Additionally, the company operated and maintained 124 substations. While OPTL’s operations have historically been concentrated in Gujarat, it has recently expanded into Rajasthan, Punjab, and the union territories of Dadra and Nagar Haveli and Daman and Diu, securing EPC project awards in these regions. The company emphasizes strong focus on quality, safety, and environmental standards, reflected in its certifications: ISO 9001:2015 (Quality Management), ISO 45001:2018 (Occupational Health & Safety), and ISO 14001:2015 (Environmental Management). OPTL serves a diverse client base that includes public sector undertakings such as state utilities and private sector clients, including renewable energy developers, corporates, industrial clients, and infrastructure operators. Its long-standing relationships with reputed clients and repeat business opportunities support its growth and ability to execute complex, large-scale projects across the power sector.
Objective of Om Power Transmission Limited
The company proposes to utilize the net proceeds towards funding the following objects:
- Funding of capital expenditure requirements of the company towards the purchase of machinery and equipment;
- Pre-payment/ re-payment, in part or in full, of certain outstanding borrowings availed by the company;
- Funding long-term working capital requirements of the company; and
- General corporate purposes.
Rationale To Om Power Transmission Limited
Investment Rationale
Consistent and timely project execution supports growth
The company has over 14 years of experience as a Gujarat-based EPC player in power transmission infrastructure, with proven capabilities in executing HV and EHV transmission lines, substations, and underground cabling projects. Its expertise spans the entire EPC value chain, including design and engineering, procurement, supply, construction, installation, and commissioning. The company undertakes transmission line projects ranging from 1 kV to 400 kV and substation projects ranging from 66 kV to 220 kV. OPTL has also demonstrated the ability to execute specialized transmission structures, such as 36 QD-type towers with a height of 76 meters and a weight of 98 MT for 400 kV applications, including challenging HVDC line crossings. Its execution track record reflects strong design and engineering capabilities, supported by robust internal systems that enable timely project completion. The company’s ability to deliver projects within stipulated timelines is driven by standardized processes, efficient resource allocation, and continuous improvements in execution methodologies. It strategically maintains inventories, equipment, and machinery close to project sites to optimize utilization and productivity. A key strength lies in its skilled workforce and management’s active involvement in project execution, which facilitates quicker decision-making, effective problem-solving, and optimal resource allocation. This hands-on approach helps minimize delays and improve overall efficiency, enabling consistent and reliable project delivery. Overall, OPTL’s project portfolio highlights its capability to execute transmission line and substation projects across multiple voltage classes and locations, demonstrating operational continuity, adaptability to diverse project requirements, and consistent performance within the power transmission infrastructure sector.
Strong order book across business verticals aid revenue visibility and operational scale-up
In the power transmission EPC industry, the order book is a key indicator of future performance, as it represents a committed portion of expected revenue. As of December 31, 2025, OPTL’s order book comprised 58 projects aggregating to Rs. 74,460.27 lakhs. The growth in its order book over the nine months ended December 31, 2025, and over the last three financial years has supported the scale-up of its operations and enhanced revenue visibility. The consistent expansion of the order book is driven by the company’s strong execution track record and its focus on maintaining high-quality standards in construction and project delivery. Until FY25, OPTL’s projects were concentrated in Gujarat, where it has established a solid operational presence. In line with its strategy to diversify geographically, the company has recently expanded into other regions, securing EPC contracts for transmission lines in Punjab, a substation project in Rajasthan, and a transmission EPC project in the Union Territory of Dadra & Nagar Haveli and Daman & Diu. Geographic diversification of the order book enables the company to tap into a wider range of project opportunities, thereby enhancing business volumes and improving margin potential. The strength and growth of its order book reflect its operational efficiency, execution capabilities, and established track record. Overall, the robust order pipeline provides near-term revenue visibility while positioning the company to scale its operations in line with growing opportunities in the power transmission and distribution sector.
Valuation of Om Power Transmission Limited
Om Power Transmission Ltd. is a power transmission infrastructure EPC company with expertise in executing high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, and underground cabling projects on a turnkey basis. Its capabilities span the entire EPC value chain, including design, engineering, supply, erection, installation, testing, commissioning, and comprehensive operation and maintenance (O&M) services. The company has commissioned over 1,000 circuit kilometers (CKM) of transmission lines and 11 substations. Its execution capabilities cover transmission lines ranging from 11 kV to 400 kV and substations up to 220 kV. India’s energy demand is projected to grow to 1,907 billion units (BU) by FY27 and 2,473 BU by FY32, alongside an increase in peak electricity demand from 216 GW in FY23 to 277 GW in FY27 and 366 GW in FY32. This anticipated rise is expected to drive significant expansion in transmission and distribution infrastructure to meet growing power requirements. OPTL’s strong execution track record, supported by robust engineering capabilities, efficient resource management, and timely project delivery, underpins its operational strength. A healthy and expanding order book across geographies enhances revenue visibility and supports scalability. Additionally, geographic diversification and consistent order inflows position the company to capitalize on emerging opportunities in the power transmission EPC sector. Financially, the company has demonstrated strong improvement in profitability, with PAT growing at a CAGR of 88.2% and EBITDA at 72.9% over FY23-FY25. During the same period, EBITDA margin improved from 9.9% to 12.8%, while PAT margin expanded from 5.2% to 7.9%, reflecting enhanced operational efficiency. At the upper price band of Rs. 175, Om Power Transmission Ltd. is valued at a P/E multiple of 19.5x based on FY25 earnings. Considering its improving margins, robust order book, and favorable industry outlook, we recommend a “SUBSCRIBE” rating for the issue from a medium- to long-term investment perspective.
What is the Om Power Transmission Limited IPO?
The initial public offer (IPO) of Om Power Transmission Limited offers an early investment opportunity in. A stock market investor can buy Om Power Transmission Limited IPO shares by applying in IPO before All Om Power Transmission Limited shares get listed at the stock exchanges. An investor could invest in Om Power Transmission Limited for short term listing gain or a long term.
How to apply for the Om Power Transmission Limited IPO through StoxBox?
To apply for the Om Power Transmission Limited IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Om Power Transmission Limited IPO open?
Om Power Transmission Limited IPO is opening on 09th Apr 2026. Apply Now
What is the lot size of the Om Power Transmission Limited IPO?
The Lot Size of Om Power Transmission Limited is 85 equity shares. Login to your account now.
When is the Om Power Transmission Limited IPO allotment date?
The allotment Date for Om Power Transmission Limited IPO is 15th Apr 2026. Login to your account now.
When is the Om Power Transmission Limited IPO listing date?
The listing Date for Om Power Transmission Limited is 17th Apr 2026. Login to your account now
What is the minimum investment required for the Om Power Transmission Limited IPO?
In the Retail segment the minimum investment required is Rs. 14,875. Login to your account now
What is the maximum investment allowed for Om Power Transmission Limited IPO?
In the Retail segment the maximum investment requirement is Rs. 1,93,375. Login to your account now
What are the risks associated with investing in the Om Power Transmission Limited IPO?
- The company secures the majority of its projects through competitive bidding. Any inability to qualify for, compete in, or win new contracts could negatively impact its business, financial condition, operating performance, growth prospects, and cash flow stability.
- Delays in obtaining private land or rights of way, removal of encroachments, environmental clearances, or resolution of related land issues, which are typically attributable to the company’s customers, may affect the timely execution of projects and could result in disputes or financial losses.
- The company faces competitive pressures from both existing players and new entrants across the public and private sectors. Intensifying competition and aggressive bidding may reduce its ability to secure future projects, which could adversely impact its business, financial condition, and results of operations.
When will the Om Power Transmission Limited IPO shares be credited to my Demat account?
The Om Power Transmission Limited will be credited to the account on allotment date which is 15th Apr 2026. Login to your account now
Where can I find the Om Power Transmission Limited IPO prospectus?
The prospectus of Om Power Transmission Limited IPO prospectus can be find on the website of SEBI, NSE and BSE
