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IPO Insights: Upcoming Issues & Smart Investment Tips

Oswal Pumps IPO Opens for Subscription

Geetanjali Lachke

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.

Company Profile and Sector

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.

Offer Structure

The IPO comprises a fresh issue of ₹890 Crores and an OFS of 8.1 million shares by promoter Vivek Gupta

Key Dates and Timeline

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.

Fund Utilisation

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

Financial Snapshot

  • 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

Lead Managers & Registrar

The lead managers are IIFL Capital, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management. MUFG Intime India serves as registrar.

Disclaimer

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

Hi! I’m Geetanjali Lachke
Financial Content Specialist

Geetanjali is an emerging content writer with a passion for writing and marketing. She focuses on crafting clear, engaging blog posts and articles that simplify complex topics, particularly in finance and business. Geetanjali is dedicated to delivering insightful content that helps readers understand and navigate critical concepts, empowering them to make informed decisions and stay ahead in the ever-evolving landscape of finance and business.

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