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PNN
Mumbai (Maharashtra) [India], March 14: Om Power Transmission Limited (Om Power, "The Company") a power transmission infrastructure engineering, procurement, and construction ("EPC") company engaged in executing high-voltage ("HV") and extra-high voltage ("EHV") transmission lines, substations, underground cabling projects, and providing comprehensive operation and maintenance ("O&M") services, has received approval with SEBI in preparation for its Initial Public Offering ("IPO"). The IPO will comprise up to 1,00,00,000 equity shares with a face value of 10 each, consisting of a Fresh Issue of up to 90,00,000 Equity Shares and an Offer for Sale of up to 10,00,000 Equity Shares. The Company's objective is to (i) Fund capital expenditure requirements of the Company towards the Purchase of machinery and equipment; (ii) Pre-payment or repayment, in part or full, of certain outstanding borrowings availed by the Company;(iii) Funding long-term working capital requirements of the Company; and (iv) For general corporate purposes. For the financial year ended 31st March 2025, the Company reported Revenue of 27,943.51 lakhs, EBITDA of 3,565.60 lakhs & Profit After Tax (PAT) of 2,208.48 lakhs. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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