- Key IPO Details
- Subscription Breakdown (Day 1 - As of 10:54 AM)
- GMP Trend
- Strengths vs Risks Summary
- About Om Power Transmission
- Conclusion
Om Power Transmission IPO opened today (April 9, 2026) with a price band of ₹166 to ₹175 per share and a total issue size of ₹150.06 crore. The Grey Market Premium (GMP), which is an unofficial indicator of listing demand, is ₹7, suggesting an expected return of about 4%. Subscription currently stands at 0.06x in the early hours.
Key IPO Details
| Detail | Information |
| Issue Size | ₹150.06 crore |
| Price Band | ₹166 to ₹175 per share |
| Lot Size | 85 shares |
| IPO Dates | 9 Apr to 13 Apr 2026 |
| Listing Date | 17 Apr 2026 |
| Use of Funds | Expansion, debt repayment, and working capital. Indicates growth focus with improved financial stability |
Subscription Breakdown (Day 1 - As of 10:54 AM)
| Category | Subscription | What it means |
| Retail | 0.12x | Early bids seen |
| NII (HNI) | 0.02 | Limited participation so far |
| QIB | 0.00x | No bids yet |
| Total | 0.06x | Initial subscription stage |
Demand data reflects early bidding activity as the IPO has just opened.
GMP Trend
| Date | GMP (₹) | Trend | Signal |
| Pre-IPO (8 Apr) | 7 | Stable | Mild positive sentiment |
| Day 1 (9 Apr) | 7 | No change | Steady expectations |
As per investorgain.com and media reports, the GMP remains stable at ₹7, indicating steady but limited listing gain expectations.
Disclaimer: GMP is not regulated or endorsed by stock exchanges or SEBI. INDmoney does not support grey market trading. It is only an informal indicator and may change quickly. Investors should do their own research before investing.
Strengths vs Risks Summary
| Strengths | Risks |
| Strong order book of ₹744.60 crore provides clear revenue visibility | High client concentration with 71.55% revenue from a single client |
| Profit growth of 88.2% shows strong earnings momentum | Negative operating cash flow of ₹37.39 crore raises concern |
| Expansion into new states supports future growth | Fixed-price contracts expose margins to raw material price risk |
| Government-backed projects provide stability | High working capital requirement due to the project-based nature |
The business shows strong growth visibility, but cash flow pressure and client concentration remain key risks.
Also Read: Om Power Transmission IPO Review: Strong Growth Story, One Big Risk You Cannot Ignore
About Om Power Transmission
Om Power Transmission operates in the power infrastructure space, mainly building and maintaining electricity transmission systems. It works on EPC (Engineering, Procurement, and Construction) contracts, where it designs, procures materials, and executes power line and substation projects. Most of its clients are government utilities. The company also earns recurring income through long-term maintenance contracts, giving it a mix of project-based and stable revenue streams.
Conclusion
The IPO has opened with stable GMP and early subscription numbers, which are typical for the first few hours of bidding. Investors should not rush decisions based on initial data. Tracking how subscriptions build across retail and institutional categories over the next two days will provide a clearer picture of overall demand and conviction.
For detailed information, visit Om Power Transmission’s official IPO page at INDmoney.
Disclaimer
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