Oswal Pumps Limited IPO

Oswal Pumps Limited is about to launch its IPO, rolling the offer out as a book-built issue valued at roughly 1,387 crore rupees. The offering combines a new issue worth 890 crore with a secondary sale of up to 81 lakh shares worth 497 crore. Buyers will bid within a band of 584 to 614 rupees per share, and they must apply for at least 24 shares as a single lot. Subscription opens on June 13, 2025, and will close four days later on June 17. If all goes to plan, the company will announce allotments on June 18 and the new stock should start trading on both the BSE and NSE two days after that, on June 20.

Company Background

Oswal Pumps Limited was incorporated in 2003 in Karnal, Haryana manufactures and distributes a wide range of pumping solutions for domestic, agricultural, and industrial applications. The company's product portfolio includes solar pumps, submersible and monoblock pumps, pressure and sewage pumps, electric motors, submersible winding wires and cables, and electric panels.

Operations & Product Range

Facility & Production:

Oswal Pumps now runs a plant that occupies about 41,076 sqm, enough room to keep up with the 636 distributors it serves in FY24, up from 473 two years earlier. The workforce stands at 164 people as of today. With this capacity, the firm produces thousands of products, everything from submersible and monoblock pumps to pressure and sewage pumps, plus electric motors, winding wire, uPVC pipes and fittings, and electric panels-covering needs that stretch from homes to farms and factories.

Brands & Market Presence:

• Solar-powered and grid-connected submersible and monoblock pumps
   
• ● Pressure pumps
  
• ● Sewage pumps
  
• ● Electric motors (induction and submersible)
  
• ● Submersible winding wires and cables
  
• ● Electric panels
   

As of August 31, 2024, Oswal Pumps has delivered 26,270 complete solar-pump systems under government programmes like the PM-KUSUM scheme, showing its solid place as a trusted supplier. The firm also ships products to 17 countries spread across the Asia-Pacific, the Middle East and North Africa.

Revenue Channels

• Domestic Sales: Major revenues come from supplying pumps and turnkey solar pumping systems to state governments and institutions under schemes like PM-KUSUM.
  
• Exports: The company exports its products to 17 countries, diversifying its revenue base.
  
• Distribution Network: Oswal Pumps has expanded its distributor network from 473 (March 2022) to 636 (March 2024), enhancing its market reach.
  

Management & Shareholding

Promoters:
The company has Vivek Gupta( the main seller in the OFS part) along with Amulya Gupta, Shivam Gupta and three corporate promoter entities i.e Ess Aar Corporate Services Private Limited, Shorya Trading Company Private Limited and Singh Engcon Private Limited.

Shareholding:
Pre IPO promoters hold almost 100% of the shares but post-IPO, the promoter shareholding will be diluted due to the OFS and fresh issue, but exact post-issue shareholding figures are not specified till date.