Oswal Pumps IPO will open on June 13, 2025, and close on June 17, 2025. Established in 2003, Oswal Pumps is one of the leading manufacturers of solar-powered submersibles, monoblock pumps, and electric motors. Under the brand name “Oswal,” the company sells its products to diverse markets such as residential, industrial, and agricultural. In this blog, we’ll know in detail about the Oswal Pumps IPO, including its pricing, allotment, financials, and risk factors.
Oswal Pumps IPO Date
The key pointers for the Oswal Pumps IPO dates are:
- Bidding Opening Date: June 13, 2025
- Bidding Closing Date: June 17, 2025
- Oswal Pumps IPO Allotment Date: June 18, 2025
- Initiation of Refunds (in case of less or no allotment): June 19, 2025
- Shares Credited to Your Demat Account: June 19, 2025
- IPO Listing Date: June 20, 2025
- Listing on Exchange: BSE and NSE
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Oswal Pumps IPO Issue Size
Oswal Pumps IPO valuation, as denoted by the market capitalization, came in the range of ₹6,700 crores – ₹6,998 crores.
Here are the important Oswal Pumps IPO details:
- Oswal Pumps IPO Price Band: ₹584 to ₹614 per share
- Face Value: ₹1 per share
- Lot Size: 24 Shares
- Issue Size and Amount: 225 lakh shares (amounting to ₹1,387.34 crores)
- Fresh Issue Size and Amount: 144 lakh shares (amounting to ₹890 crores)
- OFS and Amount: 81 lakh shares of ₹1 each (amounting to ₹497.34 crores)
Oswal Pumps IPO Proceeds Usage
Oswal Pumps IPO proceeds will be used for the following purposes:
- Capital Expenditure: ₹89.86 crores will be used to fulfill the capital expenditure requirements of the company.
- Investment in Subsidiary: ₹272.75 crores will be invested in the Oswal Solar (wholly-owned subsidiary) for setting up a new manufacturing facility at Karnal (Haryana).
- Loan Repayment: ₹280 crores will be utilised for repayment or pre-payment of loans.
- Subsidiary Loan: ₹31 crores will be used for repayment or pre-payment of loans taken by the wholly-owned Subsidiary, Oswal Solar.
- OFS Component: The offer for sale proceeds will directly go to the promoter selling shareholder.
Oswal Pumps IPO Reservations
Oswal Pumps IPO reservations to different investors are:
- For QIBs: Not more than 50% of the offer
- For NIIs: Not less than 15% of the offer
- For Retail Investors: Not less than 35% of the offer
Oswal Pumps IPO Lot Size
Oswal Pumps IPO lot size is 24 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply for in this IPO are:
| Applicant Type | Lot Size | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail (Min) | 1 | 24 | ₹14,736 |
| S-HNI (Min) | 14 | 336 | ₹2,06,304 |
| B-HNI (Min) | 68 | 1,632 | ₹10,02,048 |
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Oswal Pumps IPO Details: Promoter Holding
Shorya Trading Company Private Limited, Vivek Gupta, and Ess Aar Corporate Services Private Limited are the top three promoters of Oswal Pumps Limited.
Vivek Gupta is the only promoter selling shareholder in this IPO with a pre-offer shareholding of 25.17%.
Oswal Pumps IPO: Company Overview
Oswal Pumps Limited is one of the fastest-growing solar pump manufacturing companies in India, with a CAGR revenue growth of 45.07% between FY22 and FY24. It manufactures solar-powered and grid-connected submersibles, monoblock pumps, electric motors, and solar modules.
As of December 31, 2024, the company has executed 38,132 Turnkey Solar pumping Systems orders under the PM Kusum Scheme, and it is one of the largest suppliers under this scheme. It has two manufacturing units in Karnal (Haryana), wherein one is for the pumps and motors, and the other is for solar modules.
Apart from this, it has a wide network of 925 distributors, specially focused towards the North India region. The company also exports its products to over 22 countries, including Nepal, Australia, and Dubai.
India’s pump market is expected to grow at a CAGR of 9.2% from ₹38,050 crores in FY25 to ₹59,190 crores in FY30. This market is witnessing higher demand from all the main sectors, such as residential, commercial, and agricultural. Some of the key driving factors for this market are the rise in infrastructure projects and water-development missions, urbanization, and growing demand for electric motors in consumer electronics and the automobile industry.
Oswal Pumps IPO: Financial Performance
Oswal Pumps Limited’s key financials for different periods are as follows:
| Particulars (in ₹ Cr) | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | % Change (FY24 – FY23) |
|---|---|---|---|---|
| Revenue from Operations | 1,065.67 | 758.57 | 385.04 | 97.01% |
| Profit After Tax | 216.71 | 97.67 | 34.20 | 185.58% |
| EBITDA | 321.01 | 150.12 | 57.82 | 159.63% |
| Net Worth | 378.80 | 160.17 | 59.97 | 167.08% |
| Total Borrowings | 346.30 | 75.42 | 59.28 | 27.23% |
| Assets | 1,096.01 | 511.28 | 252.30 | 102.65% |
- In FY24, Oswal Pumps Limited’s revenue from operations rose by 97.01% YoY to ₹758.57 crores, while PAT grew by 185.58% YoY to ₹97.67 crores.
- The EBITDA also increased to ₹150.12 crores, a growth of 159.63% from the previous financial year.
- The total borrowings grew by 27.23% YoY to ₹75.42 crores in FY24. At the same time, assets also rose by 102.65% to ₹511.28 crores.
Oswal Pumps IPO: Peer Analysis
Here are the key ratios of Oswal Pumps Limited in comparison to its peers:
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- Oswal Pumps Limited’s EPS is ₹9.82, which means it is making less money on each share as compared to competitors.
- Oswal Pumps has a high pre-issue PE ratio of 62.54, highlighting that the stock is in the overvalued zone.
- EBITDA margin is the second-highest in the industry at 19.79%, and ROCE is also quite high at 81.85%.
- Net Debt to Equity Ratio stood at 0.42 and is within the ideal range of less than 1.
Oswal Pumps IPO Risk Factors
Oswal Pumps IPO GMP is ₹57 as of June 10, 2025 (at 16:54). It is expected to list at a 9.28% gain at a price of ₹671. However, GMP is not a safe or assured criterion to bid for an IPO.
Oswal Pumps Limited is exposed to various risk factors that can eventually affect its business and investors’ perception:
Revenue is highly concentrated on the supply of Turnkey Solar Pumping Systems under the PM Kusum Scheme.
- Any decrease in government funding or inability to secure contracts can affect the business and financial performance.
- The revenue is focused on the agriculture sector, which makes the company prone to sector-specific risks.
- Earnings are mainly derived from the sales of products in Haryana, and any regional disruptions could affect the business.
- The two manufacturing facilities are located in Haryana, which exposes the operations to the geographical risks such as weather conditions, social, and political events.
- The business is working capital intensive, and any failure to accumulate the working capital can affect the operations and business.
Oswal Pumps IPO Details: Contact Details
Here are details of the registered address and registrar name of Oswal Pumps Limited:
- Registered Office Address: Oswal Estate, NH-1, Kutail Road, P. O. Kutail, District Karnal, Haryana 132037, India
- Email: investorrelations@oswalpumps.com
- Company Website: https://www.oswalpumps.com/
- Registrar Name: MUFG Intime India Private Limited
For all the insights on Oswal Pumps IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for Oswal Pumps IPO easily on the SMC ACE App by opening free demat account now.
Frequently Asked Questions – FAQs
1. What is the company profile of Oswal Pumps Limited?
Oswal Pumps is one of the leading vertically integrated solar pumps manufacturing companies in India. It offers more than 1000 products, including submersible pumps, pressure pumps, sewage pumps, submersible winding wires, electric motors, and panels.
2. Who is the director of Oswal Pumps Ltd?
Mr. Vivek Gupta is the MD and Chairman of Oswal Pumps with more than 18 years of experience in the pump industry.
3. What is the size of Oswal Pumps IPO?
The issue size of the Oswal Pumps IPO is approximately ₹1,387 crores, which includes the fresh issue size of ₹890 crores and the OFS size of ₹497 crores.
4. What is the Oswal Pumps IPO Listing Date?
Oswal Pumps IPO listing date is June 20, 2025 (Friday), and it is a mainboard IPO which will list on BSE and NSE.
References:
https://www.iiflcap.com/Upload/InvestmentBanking/Prospects/Oswal_Pumps_Limited_-_Red_Herring_Prospectus.pdf
https://www.investorgain.com/gmp/oswal-pumps-ipo-gmp/1268/
Author: All Content is verified by SMC Global Securities.
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