| Annual Financials | Mar 2023 | Mar 2024 | Mar 2025 |
| Revenue | 120.24 | 182.76 | 279.44 |
| Expenses | 114.03 | 174.86 | 250.97 |
| Other Income | 1.47 | 1.63 | 2.21 |
| Total Revenue | 121.71 | 184.39 | 281.65 |
| Profit Before Tax | 7.68 | 9.53 | 30.67 |
| Net Profit | 6.24 | 7.41 | 22.08 |
Om Power Transmission
Om Power Transmission IPO
₹14,110
0.69 xOver-subscribedBidding Dates 09 Apr, 26 -13 Apr, 26
Min Investment ₹14,110
Lot Size85
Price Range ₹166 – ₹175
Issue Size ₹150.06 Cr.
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IPO Subscription Details
Retail Subscription Details
0.58 x
Non-Institutional Buyers (sHNI)
0.41 x
Non-Institutional Buyers (bHNI)
0.25 x
Qualified Institutional Buyers (QIB)
1.18 x
Total0.69 x
0.69 x IPO Timeline
IPO Offer Start
09 Apr,26
IPO Offer Ends
13 Apr,26
Allotment Finalisation
15 Apr,26
Refund Initiation
16 Apr,26
Listing of Shares
17 Apr,26
IPO Analysis
Strengths
The company has over 14 years of experience as a Gujarat-based power transmission infrastructure EPC company with demonstrated capabilities in delivering high-voltage and extra-high voltage transmission lines, substations and underground cabling projects. The company has completed more than 440 CKM of transmission lines in the nine months period ended December 31, 2025 and last three Fiscals, with over 63.82% being 220 kV or higher voltage class.
As of December 31, 2025, the company's Order Book consisted of 58 projects aggregating to ₹ 74,460.27 lakhs with a Book to Bill ratio of 2.71 times. The Order Book has grown consistently and provides revenue visibility, with transmission line EPC projects constituting 69.69% of total Order Book, followed by substation EPC projects at 22.72%.
The company's revenue from operations increased from ₹ 12,023.63 lakhs in Fiscal 2023 to ₹ 27,943.51 lakhs in Fiscal 2025, representing a CAGR of 52.45%. Profit for the year grew from ₹ 623.72 lakhs in Fiscal 2023 to ₹ 2,208.48 lakhs in Fiscal 2025, representing a CAGR of 88.17%. The company achieved RoCE of 26.53% and RoE of 24.28% for nine months ended December 31, 2025.
Risks
The company's business depends on its ability to qualify for and win contracts through competitive bidding processes. Failure to qualify or compete successfully could negatively impact business operations, financial condition, and growth prospects.
The company's project portfolio and revenue generation is concentrated entirely in Gujarat state (100% of completed projects). This regional concentration exposes the company to economic, political, and local market risks.
Trade receivables amounted to ₹14,406.60 lakhs as of December 31, 2025, with 7.82% outstanding for over six months. The company may not be able to collect receivables in a timely manner, adversely affecting cash flows and financial condition.
Objectives
The company proposes to utilize Net Proceeds towards purchase of machinery and equipment to be used in existing business operations. The equipment includes digital pullers, tensioners, cable fault locators, tractors, cranes, trucks, testing equipment, and other specialized machinery for transmission line and substation projects.
The company intends to utilize Net Proceeds to repay/prepay, in full or in part, certain working capital facilities and borrowings availed from banks and financial institutions. This will help reduce existing borrowings and maintain favorable debt-equity ratio.
The company proposes to utilize Net Proceeds to fund long-term working capital requirements for existing and proposed projects. This includes managing trade receivables, inventory, bank guarantees, retention money, and other operational requirements in the transmission infrastructure EPC business.
The company proposes to deploy balance Net Proceeds towards general corporate purposes including funding growth opportunities, working capital requirements, acquisitions, strategic initiatives, strengthening marketing capabilities, brand building exercises and business development initiatives, subject to not exceeding 25% of Gross Proceeds.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2023 | Mar 2024 | Mar 2025 |
| Total Assets | 105.14 | 117.85 | 150.17 |
| Current Assets | 73.66 | 84.57 | 130.44 |
| Fixed Assets | 31.48 | 33.28 | 19.73 |
| Total Equity & Liabilities | 105.14 | 117.85 | 150.17 |
| Total Liabilities | 61.78 | 67.21 | 77.52 |
| Current Liabilities | 58.38 | 63.32 | 71.99 |
| Non Current Liabilities | 3.40 | 3.90 | 5.53 |
| Total Equity | 43.36 | 50.64 | 72.65 |
Cash Flow
| Cash Flow | Mar 2023 | Mar 2024 | Mar 2025 |
| Net Cash Flow | 0.09 | 0.02 | 0.51 |
| Investing Activities | -0.80 | 1.07 | 1.40 |
| Operating Activities | 10.05 | 3.53 | 12.45 |
| Financing Activities | -9.16 | -4.58 | -13.33 |
About Om Power Transmission
Om Power Transmission Limited is a power transmission infrastructure engineering, procurement, and construction (EPC) company with over 14 years of experience. The company specializes in executing high-voltage and extra-high voltage transmission lines, substations and underground cabling projects on a turnkey basis, covering design, engineering, supply, erection, installation, testing, commissioning, and...more
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Managing DirectorKanubhai Patel
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