Om Power Transmission Limited, an EPC (Engineering, Procurement and Construction) company, is launching its Initial Public Offering (IPO) worth ₹150.06 crore. The company focuses on power transmission infrastructure, executing projects across various voltage levels.

The IPO is structured as a book-built issue, comprising:

• Fresh Issue: ₹132.56 crore
• Offer for Sale (OFS): ₹17.50 crore

This combination indicates both:

• Fundraising for business growth
• Partial stake sale by existing shareholders

IPO Dates and Listing Timeline

Key dates for the IPO are:

• IPO Opening Date: April 9, 2026
• IPO Closing Date: April 13, 2026
• Allotment Date: April 15, 2026
• Listing Date: April 17, 2026 (Tentative)
• Exchange: BSE

This IPO follows a standard subscription and listing cycle.

Price Band and Investment Details

The price band is set at:

• ₹166 to ₹175 per share

Lot Size and Investment Requirement

• Lot Size: 85 shares

Retail Investors

• Minimum 1 lot (85 shares)
• Investment: ₹14,875

HNI Investors

• Minimum 14 lots (1,190 shares)
• Investment: ₹2,08,250

This lower entry barrier for retail investors makes the IPO:

• More accessible compared to many SME issues

Market Capitalisation

At the upper price band of ₹175:

• Market Capitalisation: ₹599.29 crore

This places the company in:

• Upper SME / small-cap category

Company Business Model

Om Power Transmission operates as a turnkey EPC solutions provider, offering:

Core Services

• Design and engineering
• Procurement of materials
• Construction and installation
• Testing and commissioning
• Operations & Maintenance (O&M)

Project Capabilities

The company executes projects including:

• Transmission lines (11 kV to 400 kV)
• Substations (up to 220 kV)
• Underground cabling systems

This positions the company as:

• A key player in power infrastructure development

Revenue Model

The company earns revenue through:

• Turnkey EPC contracts

Clients include:

• Government bodies
• Private sector companies

This ensures:

• Long-term contracts
• Predictable revenue streams

Industry Outlook

India’s power and infrastructure sector is growing due to:

• Increasing electricity demand
• Expansion of transmission networks
• Renewable energy integration

This creates strong opportunities for:

• EPC companies like Om Power Transmission

Strengths of the Company

1. Strong EPC Expertise

End-to-end execution capability helps in:

• Efficient project delivery
• Cost control

2. Presence in Power Sector

The company operates in a:

• High-demand and essential sector

3. Diverse Project Portfolio

Involvement in multiple project types ensures:

• Revenue diversification

Grey Market Premium (GMP) Analysis

The GMP of Om Power Transmission IPO is currently ₹0, indicating:

• Neutral market sentiment
• Limited expectations of listing gains

Important Note

• GMP is unofficial and unregulated
• It depends on market demand and supply
• Should not be the only factor for investment decisions

Lead Manager and Registrar

• Lead Manager: Beeline Capital Advisors Private Limited
• Registrar: MUFG Intime India Private Limited

These entities play a key role in:

• Managing the IPO process
• Ensuring transparency

Risk Factors

1. Execution Risk

EPC projects may face:

• Delays
• Cost overruns

2. Dependence on Infrastructure Spending

Revenue depends on:

• Government policies
• Capital expenditure cycles

3. SME Segment Risks

• Limited liquidity
• Higher volatility

Growth Opportunities

1. Power Sector Expansion

Increasing electricity demand creates:

• Continuous need for transmission infrastructure

2. Renewable Energy Integration

Growth in solar and wind energy requires:

• Strong transmission networks

3. Government Initiatives

Programs focused on:

• Infrastructure development
• Power sector reforms

Investment Perspective

Positives

• Strong EPC business model
• Exposure to power infrastructure
• Reasonable retail entry investment

Concerns

• Flat GMP (₹0)
• Execution risks
• SME volatility

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