Om Power Transmission's initial public offering (IPO) has garnered a subscription rate of only 0.39 times as of April 9, 2026, receiving bids for 23.69 lakh shares against an offer of 60.02 lakh shares. The IPO, which opened on April 9 and will close on April 13, has a price band set between ₹166 and ₹175 per share. Investors can bid for a minimum of 85 equity shares. The offer includes a fresh issue of 75.75 lakh equity shares and an offer for sale of 10 lakh equity shares by promoters Kalpesh D. Patel, Kanubhai Patel, and Vasantkumar N. Patel. The company intends to utilize the proceeds from the fresh issue for various purposes: ₹11.21 crore for capital expenditures, ₹25 crore for repaying borrowings, and ₹55 crore for working capital needs. As of December 31, 2025, Om Power Transmission had total borrowings of ₹38.47 crore and an order book worth ₹744.6 crore across 58 projects. The company, founded in 2011, specializes in high-voltage power transmission and primarily serves public sector undertakings, generating approximately 84% of its revenue from this sector.