Om Power Transmission IPO: Allotment, GMP, Listing 2026

What is happening with the IPO now

Om Power Transmission’s initial public offering (IPO) is moving into its post-bidding phase, with the basis of allotment expected to be finalised on April 15, 2026. The public issue was open for subscription from April 9 to April 13, 2026. After allotment, the process shifts to refunds and demat credit on April 16. The stock is tentatively scheduled to list on both the NSE and BSE on April 17.

The IPO drew participation across investor categories, and coverage described demand as firm across classes by the end of the bidding window. Alongside subscription trends, market attention has centred on the grey market premium (GMP), which has stayed in a low single-digit range and points to modest listing expectations rather than a sharp debut pop.

Key dates investors are tracking

The schedule has largely followed the standard IPO timeline. The bidding window opened on April 9 and closed on April 13, with UPI mandate confirmation cut-off referenced at 5:00 PM on April 13. The basis of allotment is expected on April 15. Refund initiation and share credit to demat accounts are expected on April 16. Listing is expected on April 17 on the BSE and NSE.

For applicants, the practical checkpoints are the allotment status on April 15 and demat credit on April 16, because that determines whether funds are blocked longer or released through refunds. The listing date becomes relevant for both long-term investors assessing entry price and short-term participants focused on listing-day price discovery.

IPO size and structure

Om Power Transmission IPO is described as a book-built mainboard issue of ₹150.06 crore. It includes both a fresh issue and an offer for sale (OFS). The fresh issue is ₹132.56 crore and the OFS component is ₹17.50 crore.

In share terms, the issue size is stated as 85,75,000 shares. This comprises 75,75,000 shares in the fresh issue and 10,00,000 shares in the OFS. As noted in the available details, the OFS proceeds go to the promoters and do not accrue to the company.

Price band, lot size, and minimum investment

The price band is set at ₹166 to ₹175 per share, with a lot size of 85 shares. For retail investors, the minimum application amount at the upper price band is ₹14,875 for one lot.

For the sHNI category, the minimum cited application is ₹2,08,250 for 1,190 shares, or 14 lots. These thresholds matter because they define ticket sizes and can influence category-wise participation, especially when listing gains indicated by the GMP are modest.

Grey market premium (GMP) and implied listing price

GMP readings in the available reports suggest limited but positive expectations. One update cited a GMP of ₹4.5 as of April 15. Using the upper end of the price band at ₹175, that implies an estimated listing price around ₹179.2 (cap price plus GMP) and an expected gain of about 2.57%.

Earlier datapoints showed GMP shifting over time. It was reported at ₹1.5 on Day 1 (April 9), and around ₹3.5 as of April 10. Another update put the Day 3 GMP in a range of ₹3 to ₹5, implying a broad expected listing zone of ₹178 to ₹180 against the ₹175 cap. The common thread across these signals is that the premium has been marginally improving, but remains low.

Note: GMP is not official data and is based on informal market activity.

Who is managing the issue

The IPO’s book-running lead manager is Beeline Capital Advisors Pvt. Ltd. MUFG Intime India Pvt. Ltd. is the registrar to the issue. These intermediaries handle the book-building process, coordination with exchanges, and post-issue steps such as finalising the basis of allotment and processing refunds and demat credit.

Business snapshot: what the company does

Om Power Transmission operates in the engineering, procurement and construction (EPC) segment, focusing on power transmission infrastructure. The company is described as having over 14 years of experience, and another reference places its establishment in 2011.

Its work includes high-voltage (HV) and extra-high-voltage (EHV) transmission lines, substations, and underground cabling. This positions it in a segment closely linked to India’s grid expansion and transmission buildout, particularly as new generation capacity is added.

Where the fresh issue money is planned to go

The use of proceeds is outlined across multiple needs. One set of details breaks this into ₹55 crore towards working capital requirements, ₹25 crore for debt repayment, and ₹11 crore for capital expenditure. Other issue descriptions also note capital expenditure (purchase of machinery and equipment), pre-payment of outstanding borrowings, long-term working capital requirements, and general corporate purposes.

Before the IPO opened, the company is reported to have raised ₹45 crore from anchor investors on April 8, signalling institutional participation ahead of the public bidding window.

IPO allocation and investor categories

The allocation structure earmarks up to 50% of the issue for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and a minimum of 35% for retail investors. These limits set the framework for how shares are distributed across categories once bids are processed.

Subscription commentary in the available coverage points to active participation from retail and QIBs early in the process. Separately, one update referenced an overall subscription of 0.39x after Day 1, while another referenced 0.73x on the last day, highlighting that demand metrics were being closely tracked into the final sessions.

Key IPO facts at a glance

Why the low GMP matters for market expectations

A GMP in the ₹3 to ₹5 range on a ₹175 upper band points to a narrow listing gain expectation. That can affect how different investors approach the issue. For listing-focused participants, a small implied premium leaves less room for volatility on listing day.

The coverage also notes that broader market conditions have been cautious, with references to volatility and risk-off sentiment affecting primary market appetite. Against that backdrop, the modest GMP is being treated as a signal of selective demand rather than aggressive pricing in the grey market.

Conclusion

Om Power Transmission’s ₹150.06 crore IPO is now set for allotment on April 15, with refunds and demat credit expected on April 16 and a tentative listing on April 17 on the NSE and BSE. GMP trends into April 15 suggested modest implied gains of around 2.6% at the upper price band, though grey market indicators remain unofficial. The next confirmed milestones for investors are the basis of allotment and the share credit schedule, followed by listing-day price discovery on April 17.