Om Power Transmission Lists at ₹181.10, Up 8.00%

Om Power Transmission Ltd, incorporated in June 2011 as a power transmission infrastructure EPC company with over 14 years of experience specialising in high-voltage and extra-high voltage transmission lines, substations, and underground cabling projects delivered on turnkey basis with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications operating 124 substations with order book of ₹744.60 crore comprising 58 projects across Gujarat, Rajasthan, Punjab, and Union Territories employing 1,164 personnel, made a strong debut on BSE and NSE on Friday, April 17, 2026. The Om Power Transmission share price opened at ₹181.10 representing premium of 3.49% from issue price of ₹175.00, touched high of ₹190.15 (up 8.66% near upper circuit) before trading around ₹189.00 (up 8.00%).

Om Power Transmission Listing Details

Om Power Transmission launched its IPO at ₹175 per share with minimum investment of 85 shares costing ₹14,875 raising ₹150.06 crore (fresh issue ₹132.56 crore plus OFS ₹17.50 crore) including ₹45.01 crore from anchor investors. The IPO received healthy response with subscription of 3.33 times - retail investors at 1.54 times, NII strongly subscribed at 7.06 times, QIB at 3.65 times, total applications of 41,455.

First-Day Trading Performance

Listing Price: Om Power Transmission stock price opened at ₹181.10 representing premium of 3.49% from issue price, touched high of ₹190.15 (up 8.66% near upper circuit) before trading around ₹189.00 (up 8.00%), with VWAP at ₹187.69. The strong listing delivered healthy gains for IPO investors with turnover of ₹2.47 crore, traded volume of 1.32 lakh shares, delivery of 100%, and market capitalisation of ₹644.49 crore against pre-IPO market cap of ₹599.29 crore. The scrip is listed in T-to-T segment initially.

Growth Drivers and Challenges

Growth Drivers:

Strong Order Book: Unexecuted order book of ₹744.60 crore as of December 2025 comprising 51 EPC projects and 7 O&M contracts across transmission lines, substations, and underground cabling providing revenue visibility.

Strong Financial Growth: Revenue growing from ₹121.71 crore in FY23 to ₹281.65 crore in FY25 (131% growth), PAT growing from ₹6.23 crore to ₹22.08 crore (3.5x growth), healthy ROCE of 26.53%, ROE of 24.28%, PAT margin of 8.45%.

Challenges:

T-to-T Segment Listing: Initial listing in Trade-to-Trade segment requiring 100% delivery settlement limiting intraday trading activity.

Utilisation of IPO Proceeds

Working Capital: ₹55.00 crore for funding long-term working capital requirements supporting EPC project execution.

General Corporate Purposes: ₹28.11 crore for general corporate purposes.

Debt Repayment: ₹25.00 crore for prepayment/repayment of outstanding borrowings.

Capital Expenditure: ₹11.21 crore for purchase of machinery and equipment.

Financial Performance

Revenue: ₹276.50 crore for 9 months ended December 2025 (nearly matching full FY25), ₹281.65 crore for FY25, significant growth from ₹184.39 crore in FY24 and ₹121.71 crore in FY23.

Net Profit: ₹23.37 crore for 9 months FY26 (already exceeding full FY25), ₹22.08 crore in FY25, growth from ₹7.41 crore in FY24 and ₹6.23 crore in FY23, with post-IPO EPS of ₹9.10 and P/E of 19.23x. Investors tracking Om Power Transmission share price should note strong profitability growth backed by order book of ₹744.60 crore with EBITDA margin of 12.38% despite concerns over sustainability of boosted bottom lines.

Get the latest updates on upcoming IPO opportunities and listings.