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Oswal Pumps Ltd. opened its IPO on 13 June, aiming to raise up to ₹890 Crores via a combination of Fresh Issue and Offer for Sale (OFS). The price band has not been disclosed yet.
Founded in 2003, Oswal Pumps is a vertically integrated manufacturer of solar and submersible pumps, electric motors, solar modules, and windings. The company operates two facilities on a combined 41,076 sqm area in Karnal, Haryana.
The IPO comprises a fresh issue of ₹890 Crores and an OFS of 8.1 million shares by promoter Vivek Gupta
Oswal Pumps IPO’s timeline is as follows:
Event |
Date |
|---|---|
Opening of Anchor book |
12 June 2025 |
IPO opens for subscription on |
13 June 2025 |
IPO closes on |
17 June 2025 |
Basis of allotment |
18 June 2025 (tentative) |
Listing date |
20 June 2025 (tentative) |
The table outlines the sequence from subscription opening to expected listing.
Funds from the fresh issue will support:
₹89.86 Crores for capital expenditures
₹273 Crores for Oswal Solar subsidiary expansion
₹280 Crores for repaying debt
₹31 Crores for Oswal Solar debt repayment
Remaining proceeds for general corporate purposes
FY24 revenue grew to ₹758.57 Crores (up from ₹385.04 Crores in FY23)
FY24 Profit After Tax surged to ₹97.67 Crores (from ₹34.20 Crores in FY23)
Nine-month revenue to December 2024 reached ₹1,065.67 Crores, with PAT of ₹216.71 Crores
The lead managers are IIFL Capital, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management. MUFG Intime India serves as registrar.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
Economic Times — Oswal Pumps files DRHP for Rs 890 crore IPO, https://economictimes.indiatimes.com/markets/ipos/fpos/oswal-pumps-files-drhp-for-rs-890-crore-ipo/articleshow/121722870.cms
Business Standard — Oswal Pumps IPO to open for bidding on June 13: Here’s all you need to know, https://www.business-standard.com/markets/news/oswal-pumps-ipo-to-open-for-bidding-on-june-13-here-s-all-you-need-to-know-125060900235_1.html
Free Press Journal — Oswal Pump’s IPO will be open from June 13 to 17; price band yet to be declared, https://www.freepressjournal.in/business/oswal-pumps-ipo-will-be-open-from-june-13-to-17-price-brand-yet-to-be-declared
Moneycontrol — Solar pump maker Oswal Pumps' Rs 890 crore IPO to open between June 13‑17 to fund capex, https://www.moneycontrol.com/news/business/ipo/solar-pump-maker-oswal-pumps-rs-890-crore-ipo-to-open-between-june-13-17-13104790.html
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Posted on 05 Jun
Geetanjali Lachke
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