Oswal Pumps IPO

13.98x

subscribed

Oswal Pumps IPO

Engineering - Industrial Equipments
listed
₹14,016Min. investment
  1. Pre-apply
    11 Jun
  2. Bid start
    13 Jun
  3. Bid end
    17 Jun
  4. Allotment
    18 Jun
  5. Release of funds
    19 Jun
  6. Demat transfer
    19 Jun
  7. Listing
    20 Jun

About Oswal Pumps Limited

SectorEngineering - Industrial Equipments
Price range₹584 – ₹614
IPO type
Regular
Lot size24 shares
Issue size₹1,387Cr
Red Herring Prospectus
Read
Market Cap
₹6,998.21CrHigher than sector avg
RevenueApr 2024 - Mar 2025
₹758.57CrHigher than sector avg
Growth rate3Y CAGR
45.08%Higher than sector avg

Oswal Pumps Limited IPO Overview

Oswal Pumps Limited IPO Date

Oswal Pumps Limited IPO will open for subscription on June 13, 2025, and the closing date for the IPO is June 17, 2025. After this, investors are expected to be updated about the allotment status on Wednesday, June 18, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on June 19, 2025. The shares will be listed on the NSE and the BSE on Friday, June 20, 2025.

Oswal Pumps Limited IPO Price Band

The IPO includes a fresh issue of shares and an offer for sale. The IPO price band has been set between ₹584 to ₹614 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue of ₹1,387.34 crore, comprising a fresh issue of ₹890 crore and an offer for sale of ₹497.34 crore. The Oswal Pumps Limited IPO listing price will be determined on June 20, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Oswal Pumps Limited IPO Lot Size

The Oswal Pumps IPO details have been declared. The minimum lot size for an application is 24 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹1,387.34 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹758.57Cr
This sector
₹647.31Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
45.08%
This sector
0.01%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹97.67Cr
This sector
₹65.29Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹6,998.21Cr
This sector
₹4,503.95Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
62.53
This sector
36.48
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.87
This sector
0.51
Compare with companies

Objectives

Repayment of outstanding borrowings
31.46%
Investment in subsidiary
30.64%
General corporate purposes
24.33%
Capital expenditure
10.09%
Repayment of subsidiary loan
3.48%

Strength and Weakness

Strong Position in the solar agricultural pump market

The company is the fastest-growing vertically integrated solar pump manufacturer in India, achieving a CAGR of 45.07% between FY22 and FY24. It supplied 45,545 solar pumping systems directly under the PM-KUSUM Scheme as of April 30, 2025, with strong order backlogs in major agricultural states like Haryana, Maharashtra, Rajasthan, and Uttar Pradesh.

Geographically diversified presence

While Oswal Pumps initially derived a significant 72.28% of its revenue from Haryana in FY24, it has strategically diversified its market presence in recent years. By 9MFY25, Haryana’s share reduced to 34.75%, with Maharashtra’s contribution rising to 44.30%. The company has also expanded into other key agricultural states like Uttar Pradesh, Rajasthan, and Punjab, alongside establishing a presence in 22 international markets, including Australia, Egypt, the UAE, and Saudi Arabia, reducing its dependence on any single geography.

Diverse product portfolio

As of 9MFY25, approx 96.55% of the company’s revenue was generated from the agricultural sector. The company offers a wide range of pumps with varying specifications in terms of capacity, power, efficiency, and voltage compatibility. This product diversity enables it to cater to a broad spectrum of customer requirements across both domestic and international markets, supporting market expansion and reducing dependence on any single product category.

Strong distribution and retail network

The company has built a strong and geographically diversified distribution network, comprising 925 distributors across India as of December 31, 2024. To further strengthen its retail footprint, the company introduced the ‘Oswal Shoppe’ initiative in March 2024, setting up 248 exclusive outlets across states and providing financial support for shop interiors while enhancing brand visibility and customer access.

About Oswal Pumps Limited

Incorporated in 2003, Oswal Pumps Limited is one of the leading vertically integrated manufacturers of solar-powered and grid-connected pumps, electric motors, and solar modules. Its diverse product portfolio serves farmers, households, commercial establishments, and industries for applications ranging from field irrigation to water treatment and machinery cooling. The company markets its products under the ‘Oswal’ brand.
A major growth driver for the company came in 2019 with the launch of the PM Kusum Scheme, which promotes the installation of 1.40 million solar agricultural pumps and solarisation of 3.5 million existing grid-connected pumps. The company capitalised on this by manufacturing solar-powered pumps.

IPO Subscription Status

Date
QIB
NII
Retail
Total
13-Jun-25
0.08 times (X)
0.78 times (X)
0.45 times (X)
0.42 times (X)
16-Jun-25
0.15X
2.59X
0.67X
0.93X
17-Jun-25
30.52X
19.99X
1.95X
13.98X

Latest News on IPO

news logo
Oswal Pumps' IPO will open on June 13 and close on June 17, with a fresh issue of Rs 890 crore and an offer for sale of up to 8.1 million shares. Proceeds will fund capital expenditures, a new Haryana facility, debt repayment, and growth initiatives. The company reported strong financial growth, with revenue rising to Rs 758.57 crore in FY2024 and a net profit of Rs 97.67 crore.
news logo
Oswal Pumps' IPO will open on June 13 and close on June 17, with a price band to be announced. The issue includes a fresh issue of ₹890 crore and an offer for sale of 0.81 crore shares by promoter Vivek Gupta. Proceeds will fund capital expenditure, a new Haryana facility, debt repayment, and growth initiatives. The company reported revenue of ₹758.57 crore and net profit of ₹97.67 crore in FY24.
news logo
The initial share sale will open public subscription on June 13 and conclude on June 17, the company said in a statement. The basis of the allotment of shares is likely to be finalised on or before Wednesday, June 18, 2025

3 min read

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Oswal Pumps IPO: The ₹1,387.34 public offer is a mix of a fresh issue of shares aggregating to ₹890 crore as well as an offer-for-sale (OFS) of 81 lakh shares valued at ₹497.34 crore by promoter Vivek Gupta.

2 min read

news logo
Oswal Pumps IPO is a combination of a fresh issue of shares valued at ₹890 crore and an offer-for-sale (OFS) of 81 lakh shares worth ₹497.34 crore, at the upper end of the price band, by promoter Vivek Gupta. This aggregates the issue size at ₹1,387.34 crore.

2 min read

news logo
Oswal Pumps IPO: The ₹1,387.34 crore initial share sale, with a ₹584-₹614 per share price band, is a mix of a fresh issue of equity shares worth ₹890 crore and an offer-for-sale component of ₹497.34 crore.

2 min read

news logo
The allotment status of Oswal Pumps IPO will likely be finalised on Wednesday, June 18. The details will be available on the portals of the BSE, the NSE and MUFG Intime India.

3 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Oswal Pumps IPO ?

The issue size of the Oswal Pumps IPO is 1387 Cr.

What is 'pre-apply' for Oswal Pumps IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Oswal Pumps IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.