Oswal Pumps IPO
Open MainLineCurrent GMP
₹41 (+6.68%)
Price Band
₹ 584 – 614
Lot Size
24
Issue Size
₹1387.34 Cr
Minimum Investment
₹14736 (24 Shares)
Listing Date
20 June 2025
Subscription
34.42x
About the Company
Oswal Pumps Limited is one of India’s fastest-growing vertically integrated manufacturers of solar pumps, with a revenue CAGR of 45.07% between Fiscal 2022 and 2024. Established in 2003, the company has over 22 years of experience in pump engineering and has expanded its product range to include solar and grid-connected submersible and monoblock pumps, electric motors, and solar modules, all under the 'Oswal' brand.
A key growth driver has been its participation in the Government of India’s PM Kusum Scheme, under which it supplies solar-powered agricultural pumps and Turnkey Solar Pumping Systems (TSPs). As of December 2024, Oswal had supplied approximately 38% of all solar pumps installed under the scheme nationwide. The company operates advanced, ISO-certified manufacturing facilities in Karnal, Haryana, with integrated production for pumps, motors, and solar modules, and has a significant presence through its distribution network across India and exports to 22 countries.
Its innovation in pump technology, focus on in-house manufacturing, and sustainable practices like component recycling have further strengthened its market position.
Promoters
- Vivek Gupta, Amulya Gupta
- Shivam Gupta
- Ess Aar Corporate Services Private Limited
- Shorya Trading Company Private Limited
- Singh Engcon Private Limited
Promoters Holding
Holding Pre Issue
99.98%
Holding Post Issue
80.07%
Objects of the Issue
The Company Oswal Pumps IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding certain capital expenditure of our Company;
- Investment in our wholly-owned Subsidiary, Oswal Solar, in the form of equity, for funding the setting up of new manufacturing units at Karnal, Haryana;
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by our Company;
- Investment in our wholly-owned Subsidiary, Oswal Solar, in the form of equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar; and
- General corporate purposes (collectively, the “Objects”).
Address / Contact Info
Oswal Pumps Limited
Oswal Estate, NH-1, Kutail Road,
P. O. Kutail, District Karnal,
Haryana 132037
Phone: +91 18 4350 0307
Email: investorrelations@oswalpumps.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 13 June 2025
IPO Close Date
Tuesday, 17 June 2025
Basis of Allotment
Wednesday, 18 June 2025
Initiation of Refunds
Thursday, 19 June 2025
Credit of Shares to Demat
Thursday, 19 June 2025
Listing Date
Friday, 20 June 2025 — NSE & BSE
Important Dates
Open Date
13 June 2025
Close Date
17 June 2025
Basis Of Allotment
18 June 2025
Listing Date
20 June 2025
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1096.01 | 511.28 | 252.3 | 221.84 |
| Revenue | 1067.34 | 761.23 | 387.47 | 361.11 |
| Profit After Tax | 216.71 | 97.67 | 34.2 | 16.93 |
| Net Worth | 378.8 | 160.17 | 59.97 | 24.57 |
| Reserve & Surplus | 387.96 | 173.42 | 73.22 | 37.82 |
| Total Borrowings | 346.3 | 75.42 | 59.28 | 87.54 |
EPS Pre
9.82%
EPS Post
25.35%
P/E Pre
62.54
P/E (Post Issue)
24.22x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 0 |
| ROCE % | 81.85 |
| Debt / Equity | 0.42 |
| RoNW % | 88.73 |
| PbW | 0 |
| Pat Margin % | 12.83 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 4543116 | 28.02 | 0 |
| Non-Institutional | 3500959 | 21.6 | 0 |
| BNII | 2333973 | 14.4 | 0 |
| SNII | 1166986 | 7.2 | 0 |
| Retail Investors | 8168905 | 50.38 | 0 |
| Total | 16212980 | 100 | 0 |
Subscription Status ( Tue, 17 Jun 25 01:52 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 4543116 | 400138176 | 88.08x |
| Non-Institutional | 3500959 | 128470944 | 36.7x |
| BNII | 2333973 | 102183216 | 43.78x |
| SNII | 1166986 | 26287728 | 22.53x |
| Retail Investors | 8168905 | 29433576 | 3.6x |
| Total | 16212980 | 558042696 | 34.42x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 24 | 14,736.00 |
| Retail (Max) | 13 | 312 | 191,568.00 |
| S-HNI (Min) | 14 | 336 | 206,304.00 |
| S-HNI (Max) | 67 | 1,608 | 987,312.00 |
| B-HNI (Min) | 68 | 1,632 | 1,002,048.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- IIFL Capital Services Limited
- Axis Capital Limited
- CLSA India Private Limited
- JM Financial Limited
- Nuvama Wealth Management Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Oswal Pumps IPO is a Book-building IPO worth ₹1387.34 crores. The price band is ₹584 to 614 per share. The IPO opens on Fri, Jun 13, 2025 and closes on Tue, Jun 17, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Oswal Pumps IPO opens on Fri, Jun 13, 2025 and closes on Tue, Jun 17, 2025
Oswal Pumps IPO Price Band is ₹584 to 614.
Oswal Pumps IPO lot size is 24, and the minimum amount required for application is ₹14736.
The minimum investment for Oswal Pumps IPO is approximately ₹14736 based on the upper price band.
To apply for the Oswal Pumps IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Jun 17, 2025. After submission, funds are blocked until the basis of allotment of Oswal Pumps IPO is finalised.
Oswal Pumps IPO issue size is ₹1387.34 crores.
Oswal Pumps IPO allotment date is Sat, Jun 27, 2026.
The registrar for Oswal Pumps IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Oswal Pumps IPO through their official website or helpline.
The Oswal Pumps IPO GMP (Grey Market Premium) is ₹41 as of Fri, Jun 20, 2025. Based on the upper price band of ₹614 per share, the estimated Oswal Pumps IPO listing price is ₹655, indicating a potential listing gain of approximately 31% over the issue price.