Bookbuilding IPO | ₹1,387 Cr | Listed at BSE, NSE | Fri, Jun 13, 2025 - Tue, Jun 17, 2025
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 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 Open
Fri, Jun 13, 2025
IPO Close
Tue, Jun 17, 2025
Issue Price
₹614 per share
Market Cap (Pre-IPO)
₹6,998.21 Cr
| IPO Date | 13 to 17 Jun, 2025 |
| Listed on | Fri, Jun 20, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹584 to ₹614 |
| Issue Price | ₹614 per share |
| Lot Size | 24 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,25,95,114 shares (agg. up to ₹1,387 Cr) |
| Fresh Issue | 1,44,95,114 shares (agg. up to ₹890 Cr) |
| Offer for Sale | 81,00,000 shares of ₹1 (agg. up to ₹497 Cr) |
| Share Holding Pre Issue | 9,94,82,300 shares |
| Share Holding Post Issue | 11,39,77,414 shares |
| BSE Script Code / NSE Symbol | 544418 / OSWALPUMPS |
| ISIN | INE0BYP01024 |
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 | Max 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%) |
Investors can bid for a minimum of 24 shares and in multiples thereof.
| 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 |
Oswal Pumps IPO raises ₹416.20 crore from anchor investors. Oswal Pumps IPO Anchor bid date is June 12, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jun 12, 2025 |
| Shares Offered | 67,78,533 |
| Anchor Portion (₹ Cr.) | 416.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jul 17, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Sep 15, 2025 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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. | 167.90 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 9.82 | 25.35 |
| P/E (x) | 62.54 | 24.22 |
| Promoter Holding | 94.84% | 75.68% |
| Market Cap | ₹6,998.21 Cr. |
The Oswal Pumps IPO is subscribed 34.42 times on June 17, 2025 5:04:35 PM (Day 3). The public issue subscribed 3.60 times in the retail category, 88.08 times in the QIB category, and 36.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 88.08 | 45,43,116 | 40,01,38,176 |
| NII | 36.70 | 35,00,959 | 12,84,70,944 |
| bNII (> ₹10L) | 43.78 | 23,33,973 | 10,21,83,216 |
| sNII (< ₹10L) | 22.53 | 11,66,986 | 2,62,87,728 |
| Retail | 3.60 | 81,68,905 | 2,94,33,576 |
| Total | 34.42 | 1,62,12,980 | 55,80,42,696 |
Total Applications: 12,77,297
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs' fees and commissions (including underwriting commission, brokerage and selling commission) | 39.13 |
| 2 | Brokerage / selling commission and processing fee for SCSBs, Sponsor Banks and fee payable to the Sponsor Banks for Bids made by RIBs and bidding/uploading charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs(3)(4)(5) (6) | 3.54 |
| 3 | Fees payable to the Registrar to the Offer | 0.20 |
| 4 | Fees payable to other parties, including but not limited to Statutory Auditors, Practicing Company Secretary, Independent Chartered Accountant, industry expert and the Chartered Engineer | 1.71 |
| 5 | Others (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees | 5.61 |
| 6 | Others (ii) Printing and stationery expenses | 1.56 |
| 7 | Others (iii) Advertising and marketing expenses | 4.01 |
| 8 | Others (iv) Fees payable to legal counsels | 7.54 |
| 9 | Others (v) Miscellaneous (comprising fees payable to additional intermediaries, if any, monitoring agency, chartered accountant(s) and company secretary that may be appointed in the course of Offer) | 12.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹614.00 | ₹614.00 |
| Open | ₹632.00 | ₹634.00 |
| Low | ₹621.90 | ₹622.25 |
| High | ₹649.15 | ₹652.00 |
| Last Trade | ₹624.90 | ₹625.35 |
Lead Manager Reports
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 Crores. The issue is priced at ₹614 per share. The minimum order quantity is 24.
The IPO opens on Fri, Jun 13, 2025, and closes on Tue, Jun 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 Fri, Jun 13, 2025 and closes on Tue, Jun 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 Thu, Jun 19, 2025. Check the Oswal Pumps IPO allotment status.
The Oswal Pumps IPO listing date is on Fri, Jun 20, 2025.
