April, 10 2026 Friday 05:02 Hrs
Last update 11-9-2025
  • SENSEX :   76,631.65

  • Top commodity trading and broking companies in India-931.25( -1.20%) 09-Apr-2026
top-arrow-market
Sensex 76631.65 -931.25  (-1.20) 09-Apr-2026
Previous Day Close
77562.9
Today's High/Low
High Low
  •  
  •  
77429.33 76347.9

IPO News

Om Power Transmission IPO subscribed 0.39 times
09-Apr-26   17:14 Hrs IST
Om Power Transmission received bids for 23,69,460 shares as against 60,02,730 shares on offer, according to stock exchange data at 17:00 IST on Thursday (09 April 2026). The issue was subscribed 0.37 times.

The issue opened for bidding on 09 April 2026 and it will close on 13 April 2026. The price band of the IPO is fixed between Rs 166 and 175 per share. An investor can bid for a minimum of 85 equity shares and in multiples thereof.

The offer includes a fresh issue of 75.75 lakh equity shares and an offer for sale of 10 lakh equity shares of Rs 10 each. The entire offer-for-sale portion is being made by the promoters: Kalpesh D. Patel (3.5 lakh shares), Kanubhai Patel (3.5 lakh shares), and Vasantkumar N. Patel (3 lakh shares).

Of the net proceeds from the fresh issue, the company proposes to utilize Rs 11.2094 crore towards funding capital expenditures, Rs 25 crore towards repaying in full or part of certain borrowing availed by the company, and Rs 55 crore towards funding working capital requirements and balance for general corporate purposes.

As of December 31, 2025, the company had total borrowings of Rs 38.4675 crore.

Om Power Transmission is an EPC company in power transmission, promoted by Kalpesh Patel, Kanubhai Patel, and Vasantkumar Patel. Founded in 2011, it executes high-voltage lines (11'400 kV), substations (up to 220 kV), and underground cabling, providing turnkey solutions including O&M. Primarily serving PSUs (~84% revenue), it operates mainly in Gujarat and has expanded to Rajasthan, Punjab, and Dadra & Nagar Haveli. Its order book stood at Rs 744.6 crore across 58 projects as of Dec 31, 2025.

Ahead of the IPO of Om Power Transmission on 23 March 2026, the company raised Rs 45.01 crore from anchor investors by allotting 25.72 lakh shares at Rs 175 each to 4 anchor investors.

For the nine months ended 31 December 2025, the firm recorded a consolidated net profit of Rs 23.37 crore and sales of Rs 274.54 crore.

Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.