Om Power Transmission IPO

About Om Power Transmission IPO

The IPO of Om Power Transmission comprises a fresh issue and an offer for sale aggregating up to 90,00,000 and 10,00,000 equity shares. The total issue comprises up to 1,00,00,000 equity shares. It’s a 100% book-built issue. The price band is TBA. The IPO opens on TBA and closes on TBA.

The allotment of shares will take place on TBA. The credit of shares to the Demat accounts of the allottees will take place on TBA, while initiation of refunds will take place on TBA.

The listing date is on TBA and the allotment date is on TBA.

Om Power Transmission is a power transmission infrastructure engineering, procurement, and construction (EPC) company with over 14 years of experience. Its expertise lies in the execution of high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling projects delivered on a turnkey basis, encompassing design, engineering, supply, erection, installation, testing, commissioning, and comprehensive operation and maintenance (O&M) services.

Objectives of Om Power Transmission IPO

The company proposes to utilise the IPO proceeds for:

• Funding of capital expenditure requirements of the company towards purchase of machinery and equipment
  
• Pre-payment/ re-payment, in part or full, of certain outstanding borrowings
  
• Funding long-term working capital requirement
  
• General corporate purposes
  

Industry Outlook

India has been experiencing a significant and steady increase in the demand for power and electricity, driven by rapid urban development, industrial growth, and the increasing use of electricity across sectors such as transport, housing, and manufacturing. Government-led initiatives promoting household electrification, electric mobility, and renewable energy integration are further accelerating this demand.

Starting from 1626 billion units (BU) in FY 2024, the requirement is projected to rise to 1907 BU by FY 2027 and further to 2473 BU by FY 2032. This progression reflects the rising demand driven by factors such as industrial growth, urbanisation, increased household electrification and the uptake of new electricity intensive sectors like electric mobility and green hydrogen. Over this period, the CAGR from FY 2024 to FY 2032 is ~ 5.4%, signifying a healthy and sustained pace of growth in energy consumption.

Also, India’s power generation and transmission sectors are projected to expand 2.2 times, reaching USD 280 billion between FY24 and FY30. The country’s total power generation capacity is expected to increase from 442 GW in FY24 to 673 GW by FY30. Renewable energy capacity is also set to expand, with annual capacity additions projected to increase 3.5 times between FY24 and FY27 compared to FY10-20, aligning with India’s target of achieving 500 GW of renewable energy by 2030.

Om Power Transmission Company Information

Om Power Transmission is a power transmission infrastructure engineering, procurement, and construction (EPC) company with over 14 years of experience. Its expertise lies in the execution of high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling projects delivered on a turnkey basis, encompassing design, engineering, supply, erection, installation, testing, commissioning, and comprehensive operation and maintenance (O&M) services.

Since commencement of its operations in 2011 in Gujarat, it has commissioned transmission lines, substations and underground cables, covering in aggregate over 1,000 circuit kilometers (CKM) of transmission lines and 11 substations respectively.

Strengths of Om Power Transmission

• Track record of execution capabilities and timely completion of projects
• Strong order book across business verticals
• Strong and consistent financial performance
• Experienced promoters and senior management team, having domain knowledge

Risks of Om Power Transmission

• Failure to qualify for, compete or win new contracts could negatively impact business
• Inability to collect receivables due from customers in a timely manner could affect business and financial conditions
• Delays in tenders along with adverse changes in government policies could affect operations and financial performance
• Loss of top customers or a significant reduction in purchases by any of them could adversely affect business
• Significant social, political, or economic changes in transmission line sector could adversely affect operations
• The company enters into and will continue to enter into, related-party transactions which may potentially involve conflicts of interest
• Inability to accurately estimate the cost may lead to a reduction in the expected rate of return and profitability estimates
• Inability to recover some additional expenses could adversely affect financial conditions, result of operations and cash flows
• Portfolio and revenue generation concentrated in the state of Gujarat
• Insufficient cash flows or are unable to access suitable financing to meet working capital requirements and loan repayment obligations could adversely affect business

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: MUFG Intime India
• Book Running Lead Manager: Beeline Capital Advisors

Om Power Transmission Business Model

Om Power Transmission operates in the following business verticals:

• Transmission line EPC projects: The company operates as an EPC service provider in the power transmission infrastructure segment, where transmission lines play a pivotal role in the electricity supply chain.

• Substation EPC projects: The company provides end-to-end services for substation projects, encompassing design, supply, erection, testing, commissioning, and civil works for both conventional and renewable energy evacuation substations.

• Underground cable projects: The company undertakes underground cabling projects for high voltage (HV) and extra high voltage (EHV) power systems, providing comprehensive services such as trenching, cable laying, jointing, and termination.

• Operation and maintenance services: The company provides long-term operation and maintenance (O&M) services for substations and transmission lines, ensuring continuous availability and reliability of assets.

Om Power Transmission Growth Trajectory

The significant growth of Om Power Transmission’s business in the last three fiscals has contributed considerably to its financial strength. Its revenue from operations increased from ₹120.2363 crores in fiscal 2023 to ₹279.4351 crores in fiscal 2025, representing a CAGR of 52.45%. Its profit for the year increased from ₹6.2287 crores in fiscal 2023 to ₹22.0848 crores in fiscal 2025, representing a CAGR of 88.17%.

Further, on account of efficient utilisation of resources, effective control over operational expenses, asset light model, the company has been able to generate RoCE of 41.76%, 18.41% and 15.45% and RoE of 35.83%, 15.77% and 15.18%, for the financial year ended March 31, 2025, 2024 and 2023, respectively.

Om Power Transmission Market Position

Since commencement of operations in 2011 in Gujarat, Om Power Transmission 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 extend to transmission lines ranging from 11 kilovolts (“kV”) to 400 kV and substations up to 220 kV.

During the last three fiscals, the company has completed EPC works aggregating to more than 450 CKM of transmission lines, and underground cables, and 4 substations. In recognition of its execution capabilities and reliability, it has received recognition as ‘Best EPC Company’ consecutively for two financial years i.e. 2015–17 at Gujarat Energy Transmission Corporation’s (GETCO) Vendor Conference, reflecting our growing reputation within the regional transmission utility.

Its operations are underpinned by a strong focus on quality, safety, and environmental management. It's certified under ISO 9001:2015 (Quality Management), ISO 45001:2018 (Occupational Health & Safety Management), and ISO 14001:2015 (Environmental Management). Additionally, our technical credentials are endorsed by the AA Class certification from GETCO, authorising it to undertake erection of transmission lines and towers up to 400 kV and substations up to 220 kV.

How to Check Allotment Status of Om Power Transmission IPO?

1. Visit the Registrar’s Website

• Visit the website of MUFG Intime India
  
• Choose ‘Public Issues’ from Investor Services dropdown
  
• Choose the name of the company from ‘Select Company’ dropdown
  
• Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
  
• Click on Submit to check the status
  

2. Check on the National Stock Exchange Website

The National Stock Exchange (NSE) website has an IPO bid verification module. You can use it to check the allotment status of Om Power Transmission IPO. Go to the NSE website and find the ‘Invest’ tab. Click on ‘Verify IPO Bids’ under ‘Resources & Tools’.

On the NSE IPO bid verification page, enter:

• Company name from dropdown
  
• Application number
  
• PAN
  

Then click ‘Submit’ to know the allotment status.

3. Check on BSE Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the ‘Investors’ tab. Under ‘Investors’, click on ‘IPO’. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Select ‘Equity’ from the dropdown menu
  
• Choose ‘Om Power Transmission’ in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click ‘Search’ to know allotment status
  

How to Apply for the Om Power Transmission IPO?

To apply for this IPO:

• Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.