Oswal Pumps Limited is a manufacturer and distributor of pumps. The company offers a diverse range of products catering to domestic, agricultural, and industrial applications, including solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires & cables, and electric panels.
As of August 31, 2024, the company had executed orders for 26,270 turnkey solar pumping systems directly under the PM-KUSUM Scheme for several states, including Haryana, Rajasthan, Uttar Pradesh, and Maharashtra.
The company operates a manufacturing facility located in Karnal, Haryana, which covers a total land area of 41,076 square meters as of March 31, 2024.
The company has a growing network of distributors across India, increasing from 473 distributors as of March 31, 2022, to 636 distributors as of March 31, 2024. Further, between April 1, 2021, and March 31, 2024, Oswal Pumps exported its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.
As of March 31, 2024, the company had a team of 164 employees.
Oswal Pumps IPO – Details
| IPO Opening Date | 13 June 2025 |
| IPO Closing Date | 17 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: [] Shares Worth ₹172.00 Crore Fresh Issue: [] Shares Worth ₹890 Crore Offer For Sale: 81,00,000 Shares Worth ₹[] Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹584 – ₹614 per share |
| Market Lot | 24 Shares |
| Min Order | 24 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Oswal Pumps IPO – Date Schedule
| IPO Open Date | 13 June 2025 |
| IPO Close Date | 17 June 2025 |
| Basis of Allotment | 18 June 2025 |
| Initiation of Refund | 19 June 2025 |
| Credit of Shares to Demat Account | 19 June 2025 |
| IPO Listing Date | 20 June 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 17, 2025 |
Oswal Pumps IPO – Lots Size & Price
| 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 | 1608 | ₹9,87,312 |
| B-HNI (Min) | 68 | 1632 | ₹10,02,048 |
Competitive Strength
- One of the largest supplier of solar powered agricultural pumps under the PM Kusum Scheme, well positioned to capitalise on strong industry tailwinds;
- Vertically integrated manufacturing competencies;
- Strong engineering and design capabilities;
- Comprehensive product portfolio in multiple product specifications;
- Strong presence in major agricultural states in India, including Haryana, and growing presence in other states;
- Extensive distribution network catering to a diversified customer base; and
- Experienced Promoter and senior management team.
Company Promoters
- Vivek Gupta
- Amulya Gupta
- Shivam Gupta
- Ess Aar Corporate Services Private Limited
- Shorya Trading Company Private Limited
- Singh Engcon Private Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 361.10 | 337.16 | 16.92 | 87.54 |
| 31 March 2023 | 387.47 | 340.87 | 34.19 | 59.28 |
| 31 March 2024 | 761.23 | 631.35 | 97.66 | 75.42 |
| 31 December 2024 | 1067.34 | 781.82 | 216.70 | 346.30 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 81.85% |
| Debt/Equity | 0.42 |
| RoNW | 88.73% |
| PAT Margin | 12.83 |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- Funding certain capital expenditure of the Company.
- Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or 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 the Company.
- Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar.
- General corporate purposes.
Oswal Pumps IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Kirloskar Brothers Limited | 41.94 |
| 2 | 10 | Shakti Pumps (India) Limited | 66.72 |
| 3 | 1 | WPIL Limited | 27.31 |
| 4 | 2 | KSB Limited | 66.79 |
| 5 | 10 | Roto Pumps Limited | 42.08 |
Oswal Pumps IPO Promoter Holding
| Pre Issue Share Holding | 99.88% |
| Post Issue Share Holding | – |
Oswal Pumps IPO Prospectus
Company Contact Information
| Oswal Pumps Limited Oswal Estate NH-1, Kutail Road, P. O. Kutail, District Karnal, Karnal, Haryana Phone: +91 18 4350 0307 Email: investorrelations@oswalpumps.com Website: http://www.oswalpumps.com/ |
Oswal Pumps IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: oswalpumps.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Oswal Pumps IPO Lead Manager(s)
| 1. JM Financial Limited 2. Axis Capital Limited 3. CLSA India Private Limited 4. Nuvama Wealth Management Limited 5. IIFL Capital Services Limited |
Oswal Pumps IPO FAQs
| What is Oswal Pumps IPO? Oswal Pumps IPO is a main-board IPO. The issue is priced at ₹584 to ₹614 per equity share. The IPO is to be listed on BSE & NSE. |
| When Oswal Pumps IPO will open? The IPO is to open on 13 June 2025 for QIB, NII, and Retail Investors. |
| What is Oswal Pumps IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Oswal Pumps IPO? You can apply Oswal Pumps IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Oswal Pumps IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Oswal Pumps IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Oswal Pumps IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Oswal Pumps IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Oswal Pumps IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Oswal Pumps IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Oswal Pumps IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Oswal Pumps IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Oswal Pumps IPO Size? Oswal Pumps IPO size is ₹[] Crore. |
| What is the Oswal Pumps IPO Price Band? Oswal Pumps IPO Price Band is ₹584 to ₹614. |
| What is Oswal Pumps IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 24 Shares with ₹14,736, while the maximum bid is 13 Shares with ₹1,91,568. |
| What is the Oswal Pumps IPO Allotment Date? Oswal Pumps IPO allotment date is 18 June 2025. |
| What is the Oswal Pumps IPO Listing Date? Oswal Pumps IPO listing date is 20 June 2025. The IPO is to be listed on BSE and NSE. |
