Oswal Pumps IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 13 Jun 2025
Close Date
Tue, 17 Jun 2025
Price Band
₹ 584 – 614
Lot Size
24
Issue Size
₹ 1,387.34 Cr
Minimum Investment
₹ 14,736 (24 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Oswal Pumps IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,387.34 Crore, comprising a fresh issue of 1.45 Crore equity shares aggregating to ₹890.00 Crore and an offer for sale (OFS) of 81.00 Lakh equity shares aggregating to ₹497.34 Crore by the existing shareholders.
The Oswal Pumps IPO remained open for subscription from June 13, 2025, to June 17, 2025. The basis of allotment was finalized on June 18, 2025, and the company's shares were listed on the NSE and BSE on June 20, 2025.
The company had fixed the price band at ₹584 to ₹614 per share, with a lot size of 24 shares. Retail investors were required to make a minimum investment of ₹14,736 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. IIFL Capital Services Limited, Axis Capital Limited, CLSA India Private Limited, JM Financial Limited, and Nuvama Wealth Management Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Oswal Pumps Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Oswal Pumps IPO Timeline (Tentative)
- IPO Open Date
- Fri, 13 Jun 25
- IPO Close Date
- Tue, 17 Jun 25
- Basis of Allotment
- Wed, 18 Jun 25
- Initiation of Refunds
- Thu, 19 Jun 25
- Credit of Shares to Demat
- Thu, 19 Jun 25
- Listing Date
- Fri, 20 Jun 25 — NSE & BSE
Open Date
13 June 2025
Close Date
17 June 2025
Basis Of Allotment
18 June 2025
Listing Date
20 June 2025
IPO Subscription
Check Live Subscription →The Oswal Pumps IPO has received bids for 55,80,42,696 shares against 1,62,12,980 shares offered, resulting in an overall subscription of 34.42x. the NII category is subscribed 36.7x, Retail Investors 3.6x, and QIBs 88.08x. Within the NII category, BNII is subscribed 43.78x, while SNII is subscribed 22.53x.
QIB
88.08x
NII
36.7x
BNII
43.78x
SNII
22.53x
RII
3.6x
Total
34.42x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 81,68,905 shares, representing 50.38% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 45,43,116 shares (28.02%), while Non-Institutional Investors (NIIs) receive 35,00,959 shares (21.6%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 4,543,116 | 28.02% |
| Non-Institutional | 3,500,959 | 21.6% |
| BNII | 2,333,973 | 14.4% |
| SNII | 1,166,986 | 7.2% |
| Retail Investors | 8,168,905 | 50.38% |
| Total | 16,212,980 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Oswal Pumps Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROCE % | 81.85 |
| Debt / Equity | 0.42 |
| RoNW % | 88.73 |
| Pat Margin % | 12.83 |
Peers Comparison
No Peer Comparision Available
About Oswal Pumps Limited
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.
Oswal Pumps IPO 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%
Oswal Pumps IPO Objective
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”).
Oswal Pumps Limited Address / Contact Details
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
Oswal Pumps IPO Lot Size
The Oswal Pumps IPO has a lot size of 24 shares. Retail investors require a minimum investment of ₹14,736 by applying for 1 lot (24 shares). The maximum application allowed for the retail category is 13 lots (312 shares), requiring an investment of ₹1,91,568.
| 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 |
Issue Reservation
- QIB — 28.02%
- NII — 21.6%
- RII — 50.38%
Book Running Lead Managers
- IIFL Capital Services Limited
- Axis Capital Limited
- CLSA India Private Limited
- JM Financial Limited
- Nuvama Wealth Management Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Oswal Pumps IPO?
Oswal Pumps IPO is a Book-building IPO with a total issue size of ₹1387.34 crore. The Oswal Pumps IPO price band is ₹584 to 614 per share. The Oswal Pumps IPO subscription opens on Fri, Jun 13, 2025, and closes on Tue, Jun 17, 2025. The Oswal Pumps IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Oswal Pumps IPO.
When will the Oswal Pumps IPO open for subscription?
The Oswal Pumps IPO opens on Fri, Jun 13, 2025 and closes on Tue, Jun 17, 2025
What is Oswal Pumps IPO Price Band?
Oswal Pumps IPO Price Band is ₹584 to 614 per share.
What is Oswal Pumps IPO Lot Size?
Oswal Pumps IPO lot size is 24 shares, Retail investors need a minimum investment of ₹14736 based on the upper price band
What is the minimum investment for Oswal Pumps IPO?
The minimum investment for Oswal Pumps IPO is ₹14736, based on one lot of 24 shares at the upper price band of ₹614 per share.
How to apply for Oswal Pumps IPO?
Investors can apply for the Oswal Pumps IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jun 17, 2025. The application amount remains blocked until the Oswal Pumps IPO allotment is finalized.
What is Oswal Pumps IPO Issue Size?
Oswal Pumps IPO issue size is ₹1387.34 crores.
What is the Oswal Pumps IPO Allotment Date?
Oswal Pumps IPO allotment date is Wed, Jun 18, 2025.
Who is the Oswal Pumps IPO Registrar?
The registrar for Oswal Pumps IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Oswal Pumps IPO allotment status, refund processing, and other IPO-related information.
What is the Oswal Pumps IPO GMP?
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 6.68% over the issue price.
Who is the Oswal Pumps IPO Lead Manager?
The book-running lead managers (BRLMs) for the Oswal Pumps IPO are IIFL Capital Services Limited, Axis Capital Limited, CLSA India Private Limited, JM Financial Limited, and Nuvama Wealth Management Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Oswal Pumps IPO Red Herring Prospectus (RHP).