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Oswal Pumps IPO is a bookbuilt issue of Rs 1387.34 crore. It combines a fresh issue of 1.45 crore shares aggregating to ₹890.00 crore and an offer for sale of 0.81 crore shares aggregating to ₹497.34 crore.
The IPO opens for subscription on June 13, 2025, and closes on June 17, 2025. The allotment is expected to be finalized on Wednesday, June 18, 2025. The price band for the IPO is set at ₹584 to ₹614 per share, and the minimum lot size for an application is 24 shares.
Company Summary
Incorporated in 2003, Oswal Pumps Limited is a manufacturer and distributor of pumps. The company offers a diverse range of products catering to domestic, agricultural, and industrial applications, including solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires & cables, and electric panels.
As of August 31, 2024, the company had executed orders for 26,270 turnkey solar pumping systems directly under the PM-KUSUM Scheme for several states, including Haryana, Rajasthan, Uttar Pradesh, and Maharashtra.
The company operates a manufacturing facility located in Karnal, Haryana, which covers a total land area of 41,076 square meters as of March 31, 2024.
The company has a growing network of distributors across India, increasing from 473 distributors as of March 31, 2022, to 636 distributors as of March 31, 2024. Further, between April 1, 2021, and March 31, 2024, Oswal Pumps exported its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.
As of March 31, 2024, the company had a team of 164 employees.
Company Strengths
- Largest supplier of agri-solar pumps under the Government of India’s PM-KUSUM scheme
- Vertically integrated manufacturing with strong engineering and design capabilities.
- Wide product portfolio across diverse specifications and progressive manufacturing according to the current market needs
- The company is ISO 9001:2015 certified for its quality management system, ISO 14001:2015 certified for its environmental management system, and ISO 45001:2018 certified for its occupational health and safety management system.
- Expanding reach through an extensive distribution network in India with 925 distributors as of December 2024.
- Backed by an experienced Promoter and leadership team
Company Financials
Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 1096.01 | 511.28 | 252.30 | 221.84 |
Revenue | 1067.34 | 761.23 | 387.47 | 361.11 |
Profit After Tax | 216.71 | 97.67 | 34.20 | 16.93 |
Net Worth | 378.80 | 160.17 | 59.97 | 24.57 |
Reserves and Surplus | 387.96 | 173.42 | 73.22 | 37.82 |
Total Borrowing | 346.30 | 75.42 | 59.28 | 87.54 |
Amount in ₹ crore |
Objectives of IPO
Funding certain capital expenditure of the Company. | 89.86 |
Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for funding the setting up of new manufacturing units at Karnal, Haryana. | 272.76 |
Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company. | 280.00 |
Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar. | 31.00 |
General corporate purposes. | – |
Expected amount in ₹ crore |
Promoters of the company
Vivek Gupta, Amulya Gupta, Shivam Gupta, Ess Aar Corporate Services Private Limited, Shorya Trading Company Private Limited and Singh Engcon Private Limited are the company promoters.
IPO Details
IPO Date | June 13, 2025 to June 17, 2025 |
Listing Date | Jun 20, 2025 |
Face Value | ₹1 per share |
Price Band | ₹584 to ₹614 per share |
Lot size | 24 shares |
Total Issue size | 2,25,95,114 shares (aggregating up to ₹1387.34 Cr) |
Fresh issue | 1,44,95,114 shares (aggregating up to ₹890.00 Cr) |
Offer for Sale | 81,00,000 shares of ₹ 1 (aggregating upto ₹497.34 Cr) |
Issue type | Bookbuilding IPO |
Listing at | NSE, BSE |
Lot Allocation Details
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 24 | ₹14,736 |
Retail (Max) | 13 | 312 | ₹1,91,568 |
S-HNI (Min) | 14 | 336 | ₹2,06,304 |
S-HNI (Max) | 67 | 1608 | ₹9,87,312 |
B-HNI (Min) | 68 | 1632 | ₹10,02,048 |
Allotment Schedule
Basis of Allotment | Wed, June 18, 2025 |
Initiation of Refunds | Thu, Jun 19, 2025 |
Credit of Shares to Demat | Thu, Jun 19, 2025 |
Tentative Listing Date | Fri, Jun 20, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on June 17, 2025 |
IPO Reservation
Investor Category | Shares Offered |
QIB Shares Offered | Not more than 50% of the Offer |
Retail Shares Offered | Not less than 35% of the Offer |
NII (HNI) Shares Offered | Not less than 15% of the Offer |
To check allotment, click here
Disclaimer: Investments in the Securities market and Mutual Funds are subject to market risks. Read all the related documents carefully before investing | The securities are quoted as an example and not as a recommendation | Brokerage will not exceed the SEBI-prescribed limit | Margins will be collected as per the exchange norms.
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