Patil Automation Limited IPO...
17 Jun, 2025
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:
Operating under the “Oswal” brand, the company offers a diverse range of products, including:
- 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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Oswal Pumps Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Oswal Pumps Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 13, 2025 to June 17, 2025 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Issue Price Band | ₹584 to ₹614 per share |
| Lot Size | 24 Shares |
| Total Issue Size | 2,25,95,114 shares (aggregating up to ₹1,387.34 Cr) |
| Fresh Issue | 1,44,95,114 shares (aggregating up to ₹890.00 Cr) |
| Offer for Sale | 81,00,000 shares of ₹1 (aggregating up to ₹497.34 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,94,82,300 shares |
| Share Holding Post Issue | 11,39,77,414 shares |
Oswal Pumps Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Jun 13, 2025 |
| IPO Close Date | Tue, Jun 17, 2025 |
| Tentative Allotment | Wed, Jun 18, 2025 |
| Initiation of Refunds | Thu, Jun 19, 2025 |
| Credit of Shares to Demat | Thu, Jun 19, 2025 |
| Tentative Listing Date | Fri, Jun 20, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 17, 2025 |
Oswal Pumps Limited IPO Lot Size
| 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 IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,12,97,557 (50.00%) |
| Anchor Investor Shares Offered | 67,78,533 (30.00%) |
| QIB (Ex. Anchor) | 45,19,024 (20.00%) |
| bNII > â¹10L | 22,59,511 (10.00%) |
| sNII < â¹10L | 11,29,756 (5.00%) |
| Retail Shares Offered | 79,08,290 (35.00%) |
| Total Shares Offered | 2,25,95,114 (100.00%) |
Oswal Pumps Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.88% | - |
Competitive Strength:
- ● Wide Product Range: Offers pumps and motors for home, farm, and factory uses.
- ● Deep Government Ties: Key supplier for state projects, mainly in solar applications.
- ● Export Footprint: Active in 17 countries outside India.
- ● Steady Financial Gains: Revenue climbed at 45.07% CAGR FY22-FY24; PAT jumped from 34.20 crore (FY23) to 97.67 crore (FY24).
- ● Widening Reach: Nationwide distributor network keeps getting larger.
Oswal Pumps Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 1,096.01 | 1,067.34 | 216.71 | 378.8 | 346.3 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 511.28 | 761.23 | 98 | 160 | 75 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 252.3 | 387.47 | 34.2 | 59.97 | 59.28 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 221.84 | 361.11 | 16.93 | 24.57 | 87.54 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 81.85% |
| Debt/Equity | 0.42 |
| RoNW | 88.73% |
| PAT Margin | 12.83 |
| Price to Book Value | 38.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.82 | 25.35 |
| P/E (x) | 62.54 | 24.22 |
IPO Objectives
-
The net proceeds from the fresh issue will be used for:
- 1. Capital expenditure (₹89.86 crore)
- 2. Investment in subsidiary Oswal Solar for new manufacturing units (₹272.76 crore)
- 3. Repayment/prepayment of certain borrowings (₹280 crore for Oswal Pumps, ₹31 crore for Oswal Solar)
- 4. General corporate purposes, including working capital and business development. Proceeds from the OFS will go to the selling shareholder(s), primarily promoter Vivek Gupta.
Conclusion
Oswal Pumps Limited has filed an IPO that gives buyers a shot at one of India's fastest-growing names in clean-energy pumps and water projects. Thanks to steady profits, a wide product line, and solid ties to both the state and overseas buyers, the firm looks ready to push ahead. Still, prospective backers need to weigh obvious risks like heavy debt and the firm's heavy dependence on ever-changing government policy.
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Frequently asked Questions (FAQs )
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1. What are the IPO dates for Oswal Pumps Limited?
The IPO opens on June 13, 2025, and closes on June 17, 2025. Allotment is expected by June 18, 2025, and listing is tentatively on June 20, 2025.
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2. What is the price band and lot size for the IPO?
The price band is ₹584 to ₹614 per share, with a minimum lot size of 24 shares.
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3. What is the total issue size of the Oswal Pumps IPO?
The IPO size is approximately ₹1,387.34 crore, comprising a fresh issue of ₹890 crore and an Offer for Sale (OFS) of ₹497.34 crore.
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4. What are the main objectives of the IPO?
Funds will be used for capital expenditure, investment in subsidiaries, repayment of borrowings, and general corporate purposes.
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5. Who are the promoters of Oswal Pumps Limited?
The promoters are Vivek Gupta, Amulya Gupta, and Shivam Gupta, along with three corporate promoter entities.
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6. What products does Oswal Pumps manufacture?
The company manufactures solar and grid-connected pumps, electric motors, submersible winding wires, cables, and electric panels, among others.
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7. How has the company performed financially?
Oswal Pumps’ revenue nearly doubled from ₹387.47 crore in FY23 to ₹761.23 crore in FY24, with PAT rising from ₹34.20 crore to ₹97.67 crore in the same period.
