Om Power Transmission IPO Review: Latest GMP, Key Highlights, and Should You Apply?
The Om Power Transmission IPO is now open (April 9–13, 2026), and the current signal is clear: fundamentals look strong, but GMP suggests limited listing gains.
If you want a quick decision:
- Short term: Moderate to low listing gains expected
- Long term: Looks promising due to strong growth
Let’s break it down with real data.
Om Power Transmission IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | April 9, 2026 |
| IPO Close Date | April 13, 2026 |
| Price Band | ₹166 to ₹175 per share |
| Face Value | ₹10 per share |
| Lot Size | 85 shares |
| Minimum Investment | ₹14,875 |
| Issue Size | ₹150 crore |
| Fresh Issue | ₹132.56 crore |
| Offer for Sale | ₹17.5 crore |
| Listing Date | April 17, 2026 |
| Listing Exchange | BSE & NSE |
| Allotment Date | April 15, 2026 |
Latest GMP (Grey Market Premium)
| Date | GMP (₹) | Expected Listing Gain |
|---|---|---|
| Latest | ₹1 to ₹7 | ~0.8% to 4% |
| Trend | Weak to Moderate | Flat to Mild Gains |
- Estimated listing price: ~₹176–₹182
- Signal: No strong hype in grey market
What it means:
- GMP is low, indicating cautious sentiment
- Listing gains may be limited or flat
Company Overview
Om Power Transmission is an EPC (Engineering, Procurement, and Construction) company focused on:
- High-voltage and extra-high voltage transmission lines
- Substations and underground cabling
- Turnkey power infrastructure projects
The company has 14+ years of experience in the power sector.
Financial Performance (Latest)
| Financial Year | Revenue (₹ Cr) | Profit (₹ Cr) |
|---|---|---|
| FY24 | 184.39 | 7.41 |
| FY25 | 281.65 | 22.08 |
Key Insights:
- Revenue growth is very strong (50%+ jump)
- Profit growth is sharp and improving
- Indicates strong execution and order flow
Key Strengths
1. Strong Financial Growth
- Revenue and profit growing rapidly
- Improving margins
2. Industry Tailwinds
- Government push for:
- Power infrastructure
- Renewable integration
- Grid expansion
3. Anchor Investor Confidence
- ₹45 crore raised from anchor investors before IPO
- Includes institutional participation
Risks to Watch
1. Weak GMP Signal
- Market is not very bullish
- Listing gains uncertain
2. EPC Business Risk
- Revenue depends on:
- Project execution
- Government contracts
- Order inflow
3. Market Sentiment
- Current IPO market is cautious
- Could affect subscription and listing performance
Valuation Check
- Estimated P/E: ~19x (approx)
- Peer comparison:
- Some peers trade higher (25x–50x range)
Verdict:
- Reasonably priced, not cheap, not expensive
Should You Apply?
For Listing Gains (Weak Case)
- GMP is low
- Expect flat to small gains
For Long-Term Investment (Stronger Case)
Apply if you believe in:
- Power infrastructure growth
- Company execution capability
- Earnings growth trend
Best Strategy
- Conservative investors: Wait for listing
- Aggressive investors: Apply with small allocation
Expert Verdict
This is a “Long-term APPLY, Short-term AVOID” type IPO.
- Fundamentals: Strong
- GMP: Weak
- Risk level: Moderate
Key Takeaways
- IPO open from April 9 to 13
- Price band: ₹166–₹175
- GMP is low, signals limited listing gains
- Financial growth is strong
- Better suited for long-term investors
FAQs
Q. What is the latest GMP of Om Power Transmission IPO?
Around ₹1 to ₹7, indicating weak to moderate demand.
Q. Is this IPO good for listing gains?
Not ideal. Gains may be minimal or flat.
Q. Is it good for long-term investment?
Yes, due to strong financial growth and sector tailwinds.
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Lemonn (Formerly known as NU Investors Technologies Pvt. Ltd) do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
