Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Oswal Energies Ltd. on December 9, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Oswal Energies Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹250.00 crores and an offer for sale (OFS) of upto 0.46 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Monarch Networth Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Oswal Energies IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹250 Cr) |
| Offer for Sale | 46,00,008 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 4,76,65,233 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Jul 19, 2025 |
| SEBI/Exchange approval received | Tue, Dec 9, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2013, Oswal Energies Limited is an integrated engineering, procurement, and construction (EPC) company and a manufacturer of process equipment and packages, providing end-to-end solutions from concept to commissioning. The company operates through two primary divisions: the Project Division and the Heavy Engineering Division.
Under the Project Division, the company undertakes EPC services for surface facilities, early production facilities, steel pipeline networks, gas processing plants, and cross-country pipelines.
The Heavy Engineering Division is engaged in the manufacturing and supply of heavy equipment and products, including process equipment, process skids, and process packages.
The company operates a manufacturing facility located in Gandhinagar, Gujarat.
The customer portfolio includes Frontier Petroleum Services LLC, Vedanta Limited, Synergia Energy Limited, Sun Petrochemicals Private Limited, Thermax Limited, Fives India Engineering & Projects Private Limited, and Koerting Engineering Private Limited.
Since the beginning of Fiscal 2023, the company has executed five EPC projects under the Project Division with a total contract value of approximately ₹3,348.64 million and completed 21 contracts under the Heavy Engineering Division, valued at approximately ₹991.83 million.
As of March 31, 2025, the company employed 285 full-time personnel.
Oswal Energies Ltd.'s revenue increased by 57% and profit after tax (PAT) rose by 119% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 321.44 | 218.16 | 113.39 |
| Total Income | 412.67 | 262.69 | 160.43 |
| Profit After Tax | 65.80 | 30.08 | 5.34 |
| EBITDA | 90.95 | 37.38 | 9.78 |
| NET Worth | 122.70 | 56.91 | 26.87 |
| Total Borrowing | 19.32 | 15.73 | 10.73 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding long-term working capital requirements of the Company | 177.13 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 73.27% |
| ROCE | 82.42% |
| Debt/Equity | 0.12 |
| RoNW | 73.27% |
| PAT Margin | 15.94% |
| EBITDA Margin | 22.14% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.80 | |
| Promoter Holding | 100% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission) | |
| 2 | Commission/ processing fee for SCSBs and Bankers to the Issue and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for the members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 3 | Fees payable to Registrar to the Offer | |
| 4 | Listing fees, SEBI filing fees, book building software fees, NSDL and CDSL fee and other regulatory expenses | |
| 5 | Printing and stationery expenses | |
| 6 | Advertising and marketing expenses | |
| 7 | Fees payable to the Statutory Auditor, industry service provider and RoC consultant | |
| 8 | Fees payable to the legal counsels to the Offer |
Lead Manager Reports
Oswal Energies IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Oswal Energies IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Oswal Energies IPO using UPI as a payment gateway. Zerodha customers can apply in Oswal Energies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Oswal Energies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Oswal Energies IPO dates are not announced. Please check back again after some time.
Oswal Energies IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Oswal Energies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Oswal Energies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Oswal Energies IPO allotment status.
The Oswal Energies IPO listing date is not yet announced. The tentative date of listing is .
