{"id":68205,"date":"2026-04-09T11:24:21","date_gmt":"2026-04-09T05:54:21","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=68205"},"modified":"2026-04-09T11:24:24","modified_gmt":"2026-04-09T05:54:24","slug":"om-power-transmission-ipo-gmp-day-1","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/","title":{"rendered":"Om Power Transmission IPO GMP Day 1: \u20b91.5 Premium, Price Band \u20b9166\u2013175 \u2014 Should You Apply?"},"content":{"rendered":"<p>The <strong>Om Power Transmission IPO GMP<\/strong> on Day 1 (April 9, 2026) stands at \u20b91.5. Against the upper price band of \u20b9175, the expected listing price is \u20b9176.5 \u2014 a 0.86% premium in the grey market. The GMP has been range-bound in the \u20b90\u2013\u20b91.5 band since April 3. A flat to marginal premium is not surprising given broader market pressure from the US tariff shock (26% reciprocal tariff on Indian goods announced in early April 2026).<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP Metric<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td>IPO Upper Price Band<\/td><td>\u20b9175<\/td><\/tr><tr><td>Grey Market Premium (GMP)<\/td><td>\u20b91.5<\/td><\/tr><tr><td>Expected Listing Price<\/td><td>\u20b9176.5<\/td><\/tr><tr><td>Expected Listing Gain<\/td><td>~0.86%<\/td><\/tr><tr><td>GMP High (April 4)<\/td><td>\u20b91.5<\/td><\/tr><tr><td>GMP Low (April 3)<\/td><td>\u20b90<\/td><\/tr><\/tbody><\/table><\/figure><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#IPO_Key_Details_at_a_Glance\" title=\"IPO Key Details at a Glance\">IPO Key Details at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#About_Om_Power_Transmission\" title=\"About Om Power Transmission\">About Om Power Transmission<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Financials_Revenue_PAT_Growth\" title=\"Financials: Revenue, PAT &amp; Growth\">Financials: Revenue, PAT &amp; Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#IPO_Objectives_Where_Is_the_Money_Going\" title=\"IPO Objectives: Where Is the Money Going?\">IPO Objectives: Where Is the Money Going?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Key_Strengths\" title=\"Key Strengths\">Key Strengths<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Explosive_Order_Book_Growth\" title=\"Explosive Order Book Growth\">Explosive Order Book Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Revenue_CAGR_of_5245\" title=\"Revenue CAGR of 52.45%\">Revenue CAGR of 52.45%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Sector_Tailwind\" title=\"Sector Tailwind\">Sector Tailwind<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Experienced_Promoters\" title=\"Experienced Promoters\">Experienced Promoters<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Risks_You_Must_Know\" title=\"Risks You Must Know\">Risks You Must Know<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Gujarat_Concentration_Risk\" title=\"Gujarat Concentration Risk\">Gujarat Concentration Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#PSU_Dependency\" title=\"PSU Dependency\">PSU Dependency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Competitive_Bidding_Pressure\" title=\"Competitive Bidding Pressure\">Competitive Bidding Pressure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Promoter_Concentration\" title=\"Promoter Concentration\">Promoter Concentration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Thin_EPC_Margins\" title=\"Thin EPC Margins\">Thin EPC Margins<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Should_You_Apply_Our_View\" title=\"Should You Apply? Our View\">Should You Apply? Our View<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#How_to_Apply_for_Om_Power_Transmission_IPO\" title=\"How to Apply for Om Power Transmission IPO\">How to Apply for Om Power Transmission IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#What_is_Om_Power_Transmission_IPO_GMP_today\" title=\"What is Om Power Transmission IPO GMP today?\">What is Om Power Transmission IPO GMP today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#What_is_the_price_band\" title=\"What is the price band?\">What is the price band?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#When_is_the_listing_date\" title=\"When is the listing date?\">When is the listing date?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#What_is_the_lot_size\" title=\"What is the lot size?\">What is the lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#What_does_Om_Power_Transmission_do\" title=\"What does Om Power Transmission do?\">What does Om Power Transmission do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#What_is_the_issue_size\" title=\"What is the issue size?\">What is the issue size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#How_has_Om_Power_Transmission_grown_financially\" title=\"How has Om Power Transmission grown financially?\">How has Om Power Transmission grown financially?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/om-power-transmission-ipo-gmp-day-1\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"IPO_Key_Details_at_a_Glance\"><\/span><strong>IPO Key Details at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Parameter<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>IPO Open Date<\/td><td>April 9, 2026<\/td><\/tr><tr><td>IPO Close Date<\/td><td>April 13, 2026<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b9166 \u2013 \u20b9175 per share<\/td><\/tr><tr><td>Issue Size<\/td><td>\u20b9150.06 crore<\/td><\/tr><tr><td>Fresh Issue<\/td><td>\u20b9132.56 crore<\/td><\/tr><tr><td>Offer for Sale (OFS)<\/td><td>\u20b917.50 crore<\/td><\/tr><tr><td>Lot Size<\/td><td>85 shares<\/td><\/tr><tr><td>Minimum Investment (Retail)<\/td><td>\u20b914,875<\/td><\/tr><tr><td>S-HNI Minimum<\/td><td>\u20b92,08,250 (1,190 shares)<\/td><\/tr><tr><td>B-HNI Minimum<\/td><td>\u20b910,11,500 (5,780 shares)<\/td><\/tr><tr><td>Registrar<\/td><td>MUFG Intime India Pvt. Ltd.<\/td><\/tr><tr><td>Lead Manager<\/td><td>Beeline Capital Advisors Pvt. Ltd.<\/td><\/tr><tr><td>Allotment Date<\/td><td>April 15, 2026<\/td><\/tr><tr><td>Refund \/ Demat Credit<\/td><td>April 16, 2026<\/td><\/tr><tr><td>Listing Date<\/td><td>April 17, 2026<\/td><\/tr><tr><td>Listing Exchange<\/td><td>BSE + NSE<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Om_Power_Transmission\"><\/span><strong>About Om Power Transmission<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Om Power Transmission Limited is a Gujarat-based EPC (Engineering, Procurement, and Construction) company with over 14 years of operational experience in India\u2019s power transmission infrastructure sector. Founded in June 2011, it specialises in high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations, and underground cabling projects on a turnkey basis.<\/p><p><strong>Track Record (as of December 31, 2025):<\/strong><\/p><ul class=\"wp-block-list\"><li>Completed 1,000+ circuit kilometres (CKM) of transmission lines<\/li>\n\n<li>Built and commissioned 11 substations<\/li>\n\n<li>Currently operating and maintaining 134 substations<\/li>\n\n<li>Order book: \u20b9744.60 crore (58 projects \u2014 51 EPC + 7 O&amp;M)<\/li>\n\n<li>Permanent employees: 1,164<\/li><\/ul><p><strong>Certifications: <\/strong>ISO 9001:2015, ISO 45001:2018, ISO 14001:2015<\/p><p><strong>Promoters: <\/strong>Kalpesh Dhanjibhai Patel, Kanubhai Patel, Vasantkumar Narayanbhai Patel<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financials_Revenue_PAT_Growth\"><\/span><strong>Financials: Revenue, PAT &amp; Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09112100\/om_power_financials_gmp-1024x536.jpg\" alt=\"Financials: Revenue, PAT &amp; Growth\" class=\"wp-image-68212\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09112100\/om_power_financials_gmp-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09112100\/om_power_financials_gmp-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09112100\/om_power_financials_gmp-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09112100\/om_power_financials_gmp-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09112100\/om_power_financials_gmp-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09112100\/om_power_financials_gmp-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09112100\/om_power_financials_gmp.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Om Power Transmission has delivered standout revenue growth, but profitability deserves scrutiny before you apply.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year<\/strong><\/td><td><strong>Revenue (\u20b9 Cr)<\/strong><\/td><td><strong>Net Profit (\u20b9 Cr)<\/strong><\/td><td><strong>PAT Margin<\/strong><\/td><\/tr><tr><td>FY23<\/td><td>120.23<\/td><td>6.23<\/td><td>~5.2%<\/td><\/tr><tr><td>FY24<\/td><td>182.76<\/td><td>7.41<\/td><td>~4.1%<\/td><\/tr><tr><td>FY25<\/td><td>279.43<\/td><td>22.08<\/td><td>~7.9%<\/td><\/tr><\/tbody><\/table><\/figure><p>Revenue grew at a <strong>CAGR of 52.45% from FY23 to FY25<\/strong>. Net profit jumped from \u20b96.23 crore in FY23 to \u20b922.08 crore in FY25 \u2014 a nearly 3.5x increase in two years. PAT margins improved meaningfully in FY25, though they remain relatively thin at around 7.9%, which is typical for EPC businesses. At the upper price band and FY25 PAT, the post-IPO P\/E works out to approximately <strong>38\u201342x<\/strong> on a fully diluted basis.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"IPO_Objectives_Where_Is_the_Money_Going\"><\/span><strong>IPO Objectives: Where Is the Money Going?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The \u20b9132.56 crore fresh issue proceeds will be used for:<\/p><ol class=\"wp-block-list\"><li><strong>Capital expenditure <\/strong>\u2014 purchase of machinery and equipment<\/li>\n\n<li><strong>Debt repayment <\/strong>\u2014 pre-payment of outstanding borrowings<\/li>\n\n<li><strong>Long-term working capital <\/strong>requirements<\/li>\n\n<li><strong>General corporate purposes<\/strong><\/li><\/ol><p>The \u20b917.50 crore OFS component goes to the promoters and does not benefit the company directly.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Strengths\"><\/span><strong>Key Strengths<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explosive_Order_Book_Growth\"><\/span><strong>Explosive Order Book Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The unexecuted order book grew <strong>68.58% YoY<\/strong> \u2014 from \u20b9441.68 crore at end of FY25 to \u20b9744.60 crore as of December 2025. This provides strong revenue visibility for FY26 and FY27.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Revenue_CAGR_of_5245\"><\/span><strong>Revenue CAGR of 52.45%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Consistent top-line compounding over three years reflects strong execution capability and repeat business from PSU clients.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sector_Tailwind\"><\/span><strong>Sector Tailwind<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>India is targeting 500 GW of renewable energy capacity by 2030. Every wind farm, solar park, and new substation requires HV\/EHV transmission infrastructure \u2014 Om Power\u2019s core business. Central and state government capex in T&amp;D is structurally growing.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Experienced_Promoters\"><\/span><strong>Experienced Promoters<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The promoter team has domain expertise built over 14+ years in the sector with a verifiable track record of project execution.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Risks_You_Must_Know\"><\/span><strong>Risks You Must Know<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gujarat_Concentration_Risk\"><\/span><strong>Gujarat Concentration Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>A significant portion of Om Power Transmission\u2019s historical revenue and project portfolio is concentrated in Gujarat. Regional exposure means economic or policy disruptions in one state can meaningfully impact financials.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"PSU_Dependency\"><\/span><strong>PSU Dependency<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>PSUs accounted for 65\u201387% of the order book across FY23\u2013FY25. Any slowdown in government capex spending, tender delays, or policy changes can directly affect new order intake.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Competitive_Bidding_Pressure\"><\/span><strong>Competitive Bidding Pressure<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Projects are won through competitive tenders. Aggressive pricing by competitors can erode margins, and failure to win bids would directly shrink the order pipeline.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Promoter_Concentration\"><\/span><strong>Promoter Concentration<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>After the IPO, promoters will continue to hold a majority stake, giving them significant influence over corporate decisions.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Thin_EPC_Margins\"><\/span><strong>Thin EPC Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>At ~7.9% PAT margin in FY25, there is limited buffer if input costs (steel, copper, transformers) spike or project execution delays occur.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Should_You_Apply_Our_View\"><\/span><strong>Should You Apply? Our View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>Om Power Transmission IPO GMP<\/strong> of \u20b91.5 on Day 1 signals limited grey market enthusiasm \u2014 the market is pricing in a near-par listing rather than a blockbuster debut. That said, the fundamentals tell a more interesting story.<\/p><p>The 52% revenue CAGR, 68% order book growth, and direct exposure to India\u2019s energy transmission mega-theme make this a sector-relevant IPO. The valuations at ~38\u201342x P\/E are not cheap but are in line with mid-cap EPC peers in the power sector.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>The Concern<\/strong> Gujarat concentration, PSU dependency, and global macro headwind from US tariffs weigh on near-term sentiment.<\/td><td><strong>Who Should Apply<\/strong> Long-term investors (12-month+ horizon) with conviction in India\u2019s T&amp;D infrastructure theme and comfort with EPC business risk.<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Apply_for_Om_Power_Transmission_IPO\"><\/span><strong>How to Apply for Om Power Transmission IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li><strong>Step 1: <\/strong>Screen IPO details and check live subscription status on your broker platform<\/li>\n\n<li><strong>Step 2: <\/strong>Log in to your demat + trading account (Zerodha, Upstox, HDFC Securities, or any ASBA-enabled bank)<\/li>\n\n<li><strong>Step 3: <\/strong>Navigate to the IPO section, search for \u201cOm Power Transmission,\u201d and place your bid at the cut-off price (\u20b9175) for best allotment chances<\/li>\n\n<li><strong>Step 4: <\/strong>Enter your UPI ID and approve the payment mandate before the April 13 close<\/li>\n\n<li><strong>Step 5: <\/strong>Check allotment status on April 15 via the MUFG Intime India website or your broker platform<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Om_Power_Transmission_IPO_GMP_today\"><\/span><strong>What is Om Power Transmission IPO GMP today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Om Power Transmission IPO GMP on Day 1 (April 9, 2026) is \u20b91.5, indicating an expected listing price of approximately \u20b9176.5 \u2014 a premium of 0.86% over the upper price band of \u20b9175.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_price_band\"><\/span><strong>What is the price band?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Om Power Transmission IPO price band is \u20b9166 to \u20b9175 per equity share, with a face value of \u20b910.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_is_the_listing_date\"><\/span><strong>When is the listing date?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Om Power Transmission IPO listing date is April 17, 2026, on both BSE and NSE.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_lot_size\"><\/span><strong>What is the lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The lot size is 85 shares. The minimum investment for retail investors is \u20b914,875 (1 lot at the upper price band of \u20b9175).<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_does_Om_Power_Transmission_do\"><\/span><strong>What does Om Power Transmission do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Om Power Transmission is a Gujarat-based EPC company specialising in high-voltage and extra-high voltage transmission lines, substations, and underground cabling projects on a turnkey basis for power sector clients.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_size\"><\/span><strong>What is the issue size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The total issue size is \u20b9150.06 crore \u2014 comprising a fresh issue of \u20b9132.56 crore and an OFS of \u20b917.50 crore by the promoters.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_has_Om_Power_Transmission_grown_financially\"><\/span><strong>How has Om Power Transmission grown financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Revenue grew from \u20b9120.23 crore in FY23 to \u20b9279.43 crore in FY25, a CAGR of 52.45%. Net profit jumped from \u20b96.23 crore to \u20b922.08 crore in the same period.<\/p><p><em>Investments in securities are subject to market risk. Please read all related documents carefully before investing. This content is for educational purposes only and does not constitute investment advice.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/emiac-technologies-ipo-gmp-day-1\"><strong>Emiac Technologies IPO GMP: Day 1 IPO Live Updates<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/emiac-technologies-ipo-subscription-status-day-1\"><strong>Emiac Technologies IPO Subscription Status Day 1<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/sai-parenterals-ipo-gmp-day-4\"><strong>Sai Parenteral\u2019s IPO GMP: Day 4 IPO Live Updates<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/powerica-ipo-gmp-day-4\"><strong>Powerica IPO GMP: Day 4 IPO Live Updates<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/powerica-ipo-subscription-status-day-4\"><strong>Powerica IPO Subscription Status Day 4&nbsp;<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Om Power Transmission IPO GMP on Day 1 (April 9, 2026) stands at \u20b91.5. Against the upper price band of \u20b9175, the expected listing price is \u20b9176.5 \u2014 a 0.86% premium in the grey market. The GMP has been range-bound in the \u20b90\u2013\u20b91.5 band since April 3. A flat to marginal premium is not<\/p>\n","protected":false},"author":28,"featured_media":68213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015,1352],"class_list":["post-68205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo","tag-ipo-gmp"],"metadata":{"_edit_lock":["1775714127:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:75:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/om_power_financials_gmp.jpg\";a:2:{s:2:\"id\";i:68212;s:11:\"source_type\";s:13:\"media-library\";}s:84:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/om_power_financials_gmp-1024x536.jpg\";a:2:{s:2:\"id\";i:68212;s:11:\"source_type\";s:13:\"media-library\";}s:107:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09112100\/om_power_financials_gmp.jpg\";a:2:{s:2:\"id\";i:68212;s:11:\"source_type\";s:13:\"media-library\";}s:116:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09112100\/om_power_financials_gmp-1024x536.jpg\";a:2:{s:2:\"id\";i:68212;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["65"],"rank_math_title":["Om Power Transmission IPO GMP Day 1: Price, Listing &amp; Review"],"rank_math_description":["Om Power Transmission IPO GMP Day 1 is \u20b91.5 (0.86%). IPO opens April 9\u201313, price band \u20b9166\u2013175, listing April 17. 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