Om Power Transmission IPO Day 2: Subscription nears 50% so far; QIBs lead—Check details

Om Power Transmission IPO: Om Power Transmission has opened its initial public offering (IPO) for subscription on April 9, 2026, aiming to raise Rs 150 crore through a book-built issue, with a mix of fresh issue and offer for sale (OFS) of shares.

Om Power Transmission IPO subscription status

As of 12:20 pm, the IPO had received bids for 29.47 lakh shares out of the net offer, resulting in a 49 times the overall subscription, with the Qualified Institutional Buyers (QIBs) leading the bidding.

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• Qualified Institutional Buyers (QIBs) have booked 0.78 times, with 13.37 lakh shares bid out of the 17.15 lakh shares reserved.
• The Non-Institutional Investors (NIIs) category is seeing subdued demand and is subscribed 0.19 times, with 2.44 lakh shares bid out of the 12.86 lakh reserved.
• Retail Individual Investors (RIIs) have booked 0.46 times the allotted shares so far, with 13.65 lakh shares bid out of the 30.01 lakh shares.

Om Power Transmission IPO issue details

The Rs 150 crore IPO comprises a mix of fresh issue of 0.76 crore shares and offer-for-sale (OFS) of 0.10 crore shares.

Om Power Transmission IPO price band and lot size

The price band for the IPO has been fixed at Rs 116 to Rs 175 per share. At the upper end of the price band, the company commands a market valuation of approximately Rs 599 crore.

Investors can bid for shares in a lot size of 85 shares. At the upper price band of Rs 175 per share, the minimum investment required for retail investors is Rs 14,875.

Om Power Transmission IPO key dates

• Subscription date: From April 9, the public issue will remain open for bidding until April 13, 2026.
• Allotment date: The allotment of shares is expected to be finalised on April 15, 2026.
• Listing date: The Om Power Transmission IPO shares are scheduled to list on the BSE and NSE with a tentative listing date of April 17, 2026.

Om Power Transmission IPO investor category reservation details

The IPO has reserved nearly:

• 50 per cent of the net offer for Qualified Institutional Buyers (QIBs)
• 15 per cent for Non-Institutional Investors (NIIs)
• 35 per cent for Retail Investors (RIIs)

Om Power Transmission IPO Lead Manager and Registrar

The book-running lead manager for the issue is Beeline Capital Advisors Pvt Ltd, while MUFG Intime India Pvt Ltd has been appointed as the registrar.

How the company plans to use the IPO proceeds?

The company intends to use the proceeds from its upcoming initial public offering (IPO) for several purposes. Some of it is planned to be used for capital expenditure to acquire machinery and equipment, while another portion is planned for pre-payment or repayment, in full or in part, of certain existing borrowings.

Others will be allocated to meet long-term working capital requirements, and the remaining funds will be used for general corporate purposes.

Om Power Transmission Company Overview

Om Power Transmission Limited, incorporated in June 2011, is a power transmission infrastructure company engaged in engineering, procurement, and construction (EPC) projects.

The company has over 14 years of experience in executing high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, and underground cabling projects on a turnkey basis.

Its services cover the full project cycle, including design, engineering, supply, erection, installation, testing, commissioning, and operation and maintenance (O&M).