Oswal Energies IPO

Oswal Energies IPO Details

Oswal Energies IPO is a 100% book-built issue comprising a fresh issue of ₹250 crore and an offer for sale (OFS) of 46 lakh equity shares, with the face value of ₹10 per share. The company filed its DRHP with SEBI on July 18, 2025.

The price band and the official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager of the issue is Monarch Networth Capital Ltd., while the registrar to the issue is MUFG Intime India Private Ltd.

Oswal Energies IPO Date & Timeline

Oswal Energies Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on July 18, 2025. However, the specific Oswal Energies IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.

Oswal Energies IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Oswal Energies IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Oswal Energies Ltd. was incorporated on January 28, 2013, as Oswal Infra-Park Ltd. in Ahmedabad, Gujarat. However, the company was renamed Oswal Infrastructure Limited in 2016 following a scheme of arrangement and then, currently, for the public listing procedure, it converted into a public limited company named Oswal Energies Limited in June 2024 to reflect its focused commitment to the broader energy sector.

The company has established itself as an integrated EPC player providing end-to-end solutions from concept to commissioning, developing in-house manufacturing capabilities to move beyond simple construction into complex engineering and process equipment fabrication.

Operations & Product Range

Oswal Energies Ltd.’s operations are structured across two primary verticals: the Project Division and the Heavy Engineering Division. The Project Division is responsible for providing customised EPC services to customers in the upstream petroleum industry by dealing with facilities on the surface, early production units and cross-country pipelines. The Heavy Engineering Division, on the other hand, deals with the fabrication of process equipment such as process skids, modular packages and pressure vessels.

Facilities & Capacity

Oswal Energies Ltd. is a well-equipped manufacturing facility in Gandhinagar, Gujarat, India, which is capable of executing heavy fabrication and assembly operations. The firm currently has a manufacturing capacity of 2,000 MT per annum till March 31, 2025. With this, the company has several certificates from around the globe, including ISO 9001:2015 and ASME U/U2, for making high-pressure vessels in the energy industry.

Brands & Market Presence

Oswal Energies Ltd. has maintained a very cordial relationship with top players from both within and outside the country in the oil and gas industry, as the company has made some significant contract deals with leading companies like Vedanta Limited, ONGC and Shell. Although the company is mainly involved in its primary business in India, it has also managed to build an international market base in Asia, Europe and Africa.

Revenue Streams & Business Model

The primary revenue channel of Oswal Energies Ltd. is generated through the execution of turnkey EPC projects and the sale of manufactured process equipment. In FY25, the Project Division contributed approximately 72.32% of total revenue from operations, while the Heavy Engineering Division accounted for the remaining 27.68%. India-based projects contributed 83.5% of revenue in FY25, while exports accounted for 16.49%, allowing the company to capitalise on India's rising energy infrastructure spending while maintaining global quality standards.

Management & Shareholding

Oswal Energies Ltd. is promoted by Dixit Jitendra Bokadia, Jayant Babulal Bokadia and Ratan Babulal Bokadia. Before the IPO, the promoters and promoter group held a significant percentage of ownership in the company, but after the IPO, the promoters’ stakeholding will dilute as the offer has 46 lakh equity shares for sale by existing shareholders.

Board & Key Management

The leadership of Oswal Energies Ltd. is led by a team of experts with many years of experience. Mr. Ratan Babulal Bokadia serves as the vice Chairman and gives strategic direction to the firm, also handling the daily operations as a Managing Director, along with Whole-Time Directors, Mr. Jayant Babulal Bokadia and Mr. Dixit Jitendra Bokadia. To ensure good governance, the board includes Independent Directors, Ulhas P.Dharmadhikari, Arpana Sandeep Shah and Nagaraj Giridhar for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.