Oswal Pumps IPO
Bookbuilding IPO | ₹1,387.00 Cr | Listing at BSE, NSE
IPO Open
Fri, Jun 13, 2025
IPO Close
Tue, Jun 17, 2025
Price Band
₹584.00 to ₹614.00
Market Cap (Pre-IPO)
₹6,998.21 Cr
IPO Details
| IPO Date | Jun 13, 2025 to Jun 17, 2025 |
| Listing Date | Tentative: Jun 20, 2025 |
| Face Value | ₹1.00 per share |
| Price Band | ₹584.00 to ₹614.00 |
| Lot Size | 24 Shares (Minimum: ₹14,736.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹1,387.00 Crores |
| Total Shares Offered | 22,595,114 shares |
| Fresh Issue | 1,449,511 shares |
| Offer For Sale | 8,100,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 88.08x |
| NII | 36.70x |
| RII | 3.60x |
| Total | 34.42x |
Oswal Pumps IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,12,97,556 (50.00%) |
| Retail Shares Offered | 79,08,290 (35.00%) |
| NII Shares Offered | 33,89,268 (15.00%) |
Oswal Pumps IPO Lot Size
Investors can bid for a minimum of 24 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 24 | ₹14,736 |
| Retail (Max) | 13 | 312 | ₹191,568 |
| S-HNI (Min) | 14 | 336 | ₹206,304 |
| S-HNI (Max) | 67 | 1,608 | ₹987,312 |
| B-HNI (Min) | 68 | 1,632 | ₹1,002,048 |
Oswal Pumps Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1,096.01 | 511.28 | 252.30 | 221.84 |
| Total Income | 1,067.34 | 761.23 | 387.47 | 361.11 |
| Profit After Tax | 216.71 | 97.67 | 34.20 | 16.93 |
| EBITDA | 321.01 | 150.12 | 57.82 | 38.52 |
| NET Worth | 378.80 | 160.17 | 59.97 | 24.57 |
| Reserves and Surplus | 387.96 | 173.42 | 73.22 | 37.82 |
| Total Borrowing | 346.30 | 75.42 | 59.28 | 87.54 |
Amount in ₹ Cr
Key Performance Indicators
As of Sunday, March 31, 2024| KPI | Values |
|---|---|
| ROCE (Return on Capital Employed) | 81.85% |
| Debt/Equity | 0.42 |
| RoNW (Return on Net Worth) | 88.73% |
| PAT Margin (Profit After Tax Margin) | 12.83% |
| EBITDA Margin | 19.79% |
| Price to Book Value | 38.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.82 | 25.35 |
| P/E (x) | 62.54 | 24.22 |
| Promoter Holding | 94.84% | 75.68% |
Company Promoters
- Vivek Gupta
- Amulya Gupta
- Shivam Gupta
- Ess Aar Corporate Services Private Limited
- Shorya Trading Company Private Limited and Singh Engcon Private Limited are the company promoters.
Company Overview
Incorporated in 2003, 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.
Use of Proceeds
| 1) | Funding certain capital expenditure of the Company. | 89.86 |
| 2) | 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. | 272.76 |
| 3) | Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company. | 280.00 |
| 4) | 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. | 31.00 |
| 5) | General corporate purposes. |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Oswal Pumps IPO Peer Comparison
Oswal Pumps peer comparison with similar listed entities. (As on March 31, 2024)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Oswal Pumps Limited | 9.82 | 9.82 | 16.10 | - | 88.73 | - | Consolidated |
| Kirloskar Brothers Ltd. | 43.84 | 43.84 | 216.47 | 41.94 | 22.30 | 8.51 | Consolidated |
| Shakti Pumps (india) Ltd. | 12.82 | 12.82 | 68.36 | 66.72 | 24.15 | 12.57 | Consolidated |
| Wpil Ltd. | 17.72 | 17.72 | 127.56 | 27.31 | 18.78 | 3.80 | Consolidated |
| Ksb Ltd | 11.99 | 11.99 | 74.81 | 66.79 | 17.07 | 10.82 | Consolidated |
| Roto Pumps Ltd. | 6.28 | 6.28 | 31.03 | 42.08 | 21.95 | 8.52 | Consolidated |
Quick Info
| Sector | Capital Goods |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹6,998.21 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jun 13, 2025 |
| IPO Close | Jun 17, 2025 |
| Allotment Date | Jun 18, 2025 |
| Credit to Demat | Jun 19, 2025 |
| Listing Date | Tentative: Jun 20, 2025 |
Lead Manager(s)
IIFL Capital Services Ltd.
Registrar
Description
- Oswal Pumps IPO is a book build issue of ₹1,387.34 crores. The issue is a combination of fresh issue of 1.45 crore shares aggregating to ₹890.00 crores and offer for sale of 0.81 crore shares aggregating to ₹497.34 crores.
- Oswal Pumps IPO bidding started from Jun 13, 2025 and ended on Jun 17, 2025. The allotment for Oswal Pumps IPO was finalized on Jun 18, 2025. The shares got listed on BSE, NSE on Jun 20, 2025.
- Oswal Pumps IPO price band is set at ₹614.00 per share . The lot size for an application is 24. The minimum amount of investment required by an retail is ₹14,736 (24 shares) (based on upper price). The lot size investment for sNII is 14 lots (336 shares), amounting to ₹2,06,304, and for bNII, it is 68 lots (1,632 shares), amounting to ₹10,02,048.