Om Power Transmission IPO Day 1 Highlights: GMP dips! Issue booked 39% amid QIB buying — Time to apply?

Om Power Transmission IPO was booked 39% at the end of the first day on strong QIB buying. Their quota was booked 78%. The NII portion was subscribed 11% and the retail segment received 29% bids.

Om Power Transmission Limited is well-positioned as a power transmission EPC player, with capabilities across transmission lines, substations, and underground cabling projects. Its focus on turnkey execution, operational efficiency, and strong presence in high-growth regions enables it to capitalize on the increasing investments in transmission infrastructure.

Investors may consider the IPO as a potential long-term investment opportunity.

Om Power Transmission IPO was subscribed 50% so far on the first day of the bidding process on Thursday.

Om Power Transmission Limited is an engineering, procurement and construction (EPC) company operating in the power transmission and distribution sector.

The company provides integrated, end-to-end services including design, engineering, supply, construction, testing, commissioning and operation and maintenance of transmission infrastructure projects.

Om Power Transmission’s IPO reflects the broader structural opportunity in India’s power infrastructure build-out, especially in transmission EPC. The company has demonstrated strong earnings growth and operates in a sector backed by long-term government capex tailwinds. However, the muted grey market premium suggests that near-term listing gains may remain limited.

From an investment perspective, this IPO appears better suited for long-term investors who are aligned with India’s infrastructure growth story, rather than those seeking short-term listing pops.

— Tushar Badjate, Director of Badjate Stock & Shares Pvt Ltd.

Om Power Transmission IPO GMP has declined to ₹4. This means that shares of Om Power Transmission are commanding a premium of ₹4 above the offer price from ₹7 earlier. At the current GMP, Om Power Transmission IPO listing price will be ₹4, a premium of 2.2%.

Om Power Transmission IPO was booked 7% in the first hour of bidding. The demand traction was seen in the NII and retail segments.

NII quota was booked 2% and the retail portion was susbcribed 13%. QIB category did not see any bids yet.

• Subscription Period: April 9 to April 13
• Basis of Allotment: April 15
• Refunds/Unblocking ASBA Fund: April 16
• Credit of Share to Demat A/c: April 16
• Listing Date: April 17

The net proceeds from the offer will be utilised for funding of capital expenditure requirements of the company towards the purchase of machinery and equipment, pre-payment/ re-payment, in part or in full, of certain outstanding borrowings, funding long-term working capital requirements, and the general corporate purposes.

Initially focused on Gujarat, it has now expanded into Rajasthan, Punjab, and the Union Territories of Dadra & Nagar Haveli and Daman & Diu. It has delivered consistent growth in both revenue and profitability, with an order book of ₹744.60 crore as of December 31, 2025.

However, the sharp rise in profitability from FY25 onwards raises concerns about the sustainability of earnings.

Based on current financials, the valuation seems to factor in most near-term positives, leaving limited upside. Investors with adequate capital and a long-term horizon may consider allocating a moderate portion of their portfolio.

— Swastika Investmart

Om Power Transmission IPO has opened for the first day of the bidding today. The investors can apply till 5 pm today. Thereafter the bidding will open on Friday and Monday in the same time period.

Om Power Transmission IPO has secured ₹45.01 crore from three anchor investors prior to its inaugural public offering. The major anchor investor was Mauritius-based Craft Emerging Market Fund PCC, through its Elite Capital Fund and Citadel Capital Fund, which acquired a total of 16.57 lakh shares for over ₹29 crore.

Morgan Stanley Asia (Singapore) purchased 5.71 lakh shares in Om Power Transmission for ₹10 crore, while Sunrise Investment Trust, via the Sunrise Investment Opportunities Fund, acquired 3.43 lakh shares for ₹6.01 crore.

Om Power Transmission IPO GMP has edged higher to ₹7. This means that shares of Om Power Transmission are commanding a premium of ₹7 above the offer price. A few days back, the GMP was ₹1.5.

At the current GMP, Om Power Transmission IPO listing price will be ₹182, a premium of 4%.