Om Power Transmission IPO Review | APPLY or AVOID?
Om Power Transmission Ltd started in 2011. It operates in the power infrastructure industry and provides Engineering, Procurement, and Construction (EPC) services to its customers across India. This business is based in Gujarat. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio.
Om Power Transmission Ltd shows rapid growth, but there remains a key point to consider for investors. The company is transitioning from a regional player to a national contractor while maintaining high capital efficiency.
IPO Details | |
|---|---|
| Issue Type | Book Building |
| IPO Category | Mainboard |
| Face Value | ₹10 Per Share |
| Fresh Issue | ₹132.56 Cr |
| Offer for Sale | ₹17.50 Cr |
| Listing At | NSE BME |
Reservation & Lot Size | |
|---|---|
| Retail (Min) | 85 Shares | ₹14,875 |
| Retail (Max) | 13 Lot | 1105 Shares | ₹1,93,375 |
| S-HNI (Min) | 14 Lot | 1190 Shares | ₹2,08,250 |
| S-HNI (Max)| 67 Lot | 5695 Shares | ₹9,96,625 |
| B-HNI (Min) | 68 Lot | 5780 Shares | ₹10,11,500 |
| Market Maker | 14.25% |
✅ Strengths
⚠️ Challenges
Financial Update
The company released its restated financial statements for the year ending March 31, 2025. Total revenue increased to ₹281.65 crore. The net profit for the same period was ₹22.08 crore. Assets increased by 27.42% compared to the previous year. The company has been growing its net profit very quickly; 88.17% average increase each year for the last three years. Its overall strength and size are improving, with significant increases in assets, net worth, and profit since the fiscal year 2023. Profit margins and earnings have also risen sharply. However, the company has recently taken on more debt, which seems to be funding this expansion. Investors should keep an eye on this increased borrowing.
IPO Valuation
The upper price band is ₹175. This price leads to a Price-to-Earnings (P/E) ratio of 27.13 based on FY25 earnings. The average P/E for the industry is approximately 28.00.
Kalpesh Dhanjibhai Patel, Kanubhai Patel and Vasantkumar Narayanbhai Patel are the company’s promoters.
IPO Objective
Company will use Offer proceeds to meet stated objectives:
Promoters & Lead Manager
Peer Comparison
Below is the comparison of the company with its listed peers using data from April 06, 2026. The company shows a healthy Return on Net Worth (RoNW) that competes well with established players. The P/E ratio of Om Power is higher than Rajesh Power but lower than Advait Energy.
| Particulars | Dec-25 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| EBITDA Margin (%) | 12.47 | 13.55 | 8.80 | 11.14 |
| PAT Margin (%) | 8.51 | 7.90 | 4.05 | 5.17 |
| EPS (₹) | 9.17 | 8.98 | 3.01 | 2.54 |
| ROE (%) | 19.49 | 30.39 | 14.64 | 14.35 |
| ROCE (%) | 26.53 | 41.76 | 18.41 | 15.45 |
| ROA (%) | 9.73 | 14.70 | 6.29 | 5.92 |
| Debt to Equity (x) | 0.32 | 0.26 | 0.52 | 0.58 |
Financial data sourced from annual reports and stock exchange data, using restated financial statements for 2024-25. NAV per share (closing net worth divided by weighted average number of paid-up equity shares) and RoNW (net profit after tax divided by closing net worth).
IPO Review & Analyst Rating
Om Power Transmission is a specialized player in the Indian electricity expansion story. Om Power will upgrade substations and diversify revenue from Gujarat to Rajasthan and Punjab by 2028. However, investors must stay cautious and requires careful evaluation.
| Analyst Name | Recommendation |
|---|---|
| Dilip Davda | Not Rated |
| Axis Capital Ltd | Not Rated |
| Brokerage Firms | Not Rated |
Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.
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