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Oswal Pumps IPO is a book build issue of ₹1,387.34 crores. The issue is a combination of fresh issue of 1.45 crore shares aggregating to ₹890.00 crores and offer for sale of 0.81 crore shares aggregating to ₹497.34 crores.
Oswal Pumps IPO bidding started from Jun 13, 2025 and ended on Jun 17, 2025. The allotment for Oswal Pumps IPO was finalized on Jun 18, 2025. The shares got listed on BSE, NSE on Jun 20, 2025.
Oswal Pumps IPO price band is set at ₹614.00 per share . The lot size for an application is 24. The minimum amount of investment required by an retail is ₹14,736 (24 shares) (based on upper price). The lot size investment for sNII is 14 lots (336 shares), amounting to ₹2,06,304, and for bNII, it is 68 lots (1,632 shares), amounting to ₹10,02,048.
IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Oswal Pumps IPO RHP for detailed Information.
| IPO Date | June 13, 2025 to June 17, 2025 |
| Listing Date | June 20, 2025 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹584 to ₹614 per share |
| Issue Price Final | ₹614 per share |
| Lot Size | 24 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,25,95,114 shares (aggregating up to ₹1,387.34 Cr) |
| Fresh Issue | 1,44,95,114 shares (aggregating up to ₹890.00 Cr) |
| Offer for Sale | 81,00,000 shares of ₹1 (aggregating up to ₹497.34 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,94,82,300 shares |
| Share Holding Post Issue | 11,39,77,414 shares |
Oswal Pumps IPO offers total 2,25,95,114 shares. Out of which 1,12,97,556 (50.00%) allocated to QIB, 45,19,023 (20.00%) allocated to QIB (Ex- Anchor), 33,89,268 (15.00%) allocated to NII, 79,08,290 (35.00%) allocated to RII and 67,78,533 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,12,97,556 (50.00%) | NA |
| − Anchor Investor Shares Offered | 67,78,533 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 45,19,023 (20.00%) | NA |
| NII (HNI) Shares Offered | 33,89,268 (15.00%) | NA |
| − bNII > ₹10L | 22,59,512 (10.00%) | 6,724 |
| − sNII < ₹10L | 11,29,756 (5.00%) | 3,362 |
| Retail Shares Offered | 79,08,290 (35.00%) | 3,29,512 |
| Total Shares Offered | 2,25,95,114 (100.00%) |
Oswal Pumps IPO raises ₹416.20 crore from anchor investors. Oswal Pumps IPO Anchor bid date is June 12, 2025. Oswal Pumps IPO Anchor Investors list
| Bid Date | June 12, 2025 |
| Shares Offered | 67,78,533 |
| Anchor Portion Size (In Cr.) | 416.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 17, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 15, 2025 |
Oswal Pumps IPO opens on June 13, 2025, and closes on June 17, 2025.
| IPO Open Date | Fri, Jun 13, 2025 |
| IPO Close Date | Tue, Jun 17, 2025 |
| Tentative Allotment | Wed, Jun 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 Tue, Jun 17, 2025 |
Investors can bid for a minimum of 24 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 | 1,608 | ₹9,87,312 |
| B-HNI (Min) | 68 | 1,632 | ₹10,02,048 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,096.01 | 511.28 | 252.30 | 221.84 |
| Total Income | 1,067.34 | 761.23 | 387.47 | 361.11 |
| Profit After Tax | 216.71 | 97.67 | 34.20 | 16.93 |
| EBITDA | 321.01 | 150.12 | 57.82 | 38.52 |
| 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 | ||||
The market capitalization of Oswal Pumps IPO is ₹6998.21 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROCE | 81.85% |
| Debt/Equity | 0.42 |
| RoNW | 88.73% |
| PAT Margin | 12.83% |
| EBITDA Margin | 19.79% |
| Price to Book Value | 38.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.82 | 25.35 |
| P/E (x) | 62.54 | 24.22 |
The Company Oswal Pumps IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding certain capital expenditure of the Company. | 89.86 |
| 2 | 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 |
| 3 | Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company. | 280.00 |
| 4 | 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 |
| 5 | General corporate purposes. |
[Dilip Davda] OPL is one of the leading players in solar pumps segment. It marked growth in its top and bottom lines. Boost in bottom lines from FY24 onwards is attributed to its shift for solar pump segment. The company will be debt free post IPO and planned expansion will boost its income going forward. Based on its recent financial data, the issue appears aggressively priced. The segment is getting crowded with many corporates entering in this field. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | June 20, 2025 |
| BSE Script Code | 544418 |
| NSE Symbol | OSWALPUMPS |
| ISIN | INE0BYP01024 |
| Final Issue Price | ₹614 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
Oswal Pumps Ltd.
Oswal Estate NH-1,
Kutail Road, P. O. Kutail,
District Karnal,
Karnal, Haryana, 132037
Phone: +91 18 4350 0307
Email: investorrelations@oswalpumps.com
Website: http://www.oswalpumps.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: oswalpumps.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Oswal Pumps IPO is a main-board IPO of 2,25,95,114 equity shares of the face value of ₹1 aggregating up to ₹1,387.34 Crores. The issue is priced at ₹614 per share. The minimum order quantity is 24.
The IPO opens on June 13, 2025, and closes on June 17, 2025.
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 Pumps IPO using UPI as a payment gateway. Zerodha customers can apply in Oswal Pumps IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Oswal Pumps IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Oswal Pumps IPO opens on June 13, 2025 and closes on June 17, 2025.
Oswal Pumps IPO lot size is 24, and the minimum amount required for application is ₹14,736.
You can apply in Oswal Pumps 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 Pumps IPO will be done on Wednesday, June 18, 2025, and the allotted shares will be credited to your demat account by Thursday, June 19, 2025. Check the Oswal Pumps IPO allotment status.
The Oswal Pumps IPO listing date is on Friday, June 20, 2025.
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