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Oswal Pumps IPO
13.98xsubscribed

Oswal Pumps IPO

Engineering - Industrial Equipments
listed
₹14,016Min. investment

Oswal Pumps Limited IPO Details

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 8 - Mar 9
₹758.57CrHigher than sector avg
Growth rate3Y CAGR
45.08%Higher than sector avg

Oswal 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

As on 13-Jun-25, 5:30 PM

Oswal Pumps IPO Timeline

  1. Pre-apply
    11 Jun 2025
  2. Bid start
    13 Jun 2025
  3. Bid end
    17 Jun 2025
  4. Allotment
    18 Jun 2025
  5. Release of funds
    19 Jun 2025
  6. Demat transfer
    19 Jun 2025
  7. Listing
    20 Jun 2025

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.

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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.

Objectives of Oswal Pumps Limited IPO

Repayment of outstanding borrowings
31.46%
₹280 crore will be used for pre-payment/ re-payment of certain outstanding borrowings.
Investment in subsidiary
30.64%
Oswal Solar, a subsidiary, will receive ₹272.75 crore in investment for new manufacturing units.
General corporate purposes
24.33%
Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.
Capital expenditure
10.09%
₹89.86 crore out of the net proceeds will be used for capital expenditures.
Repayment of subsidiary loan
3.48%
₹31 crore will be used to repay outstanding borrowings availed by its subsidiary.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹758.57Cr45.08%₹97.67Cr₹6,998.21Cr62.530.87
This sector (avg.)₹647.31Cr0.01%₹65.29Cr₹4,503.95Cr36.480.51
₹23,768.75Cr---₹5,287.15Cr₹3,28,209.1Cr55.020
₹28,339.48Cr---₹533.9Cr₹91,473.81Cr99.560.36
₹4,287.44Cr---₹1,060.07Cr₹37,225.5Cr32.030.07

*Revenue for financial year 8-9. Lower P/E and D/E ratios are generally preferred.

Oswal Pumps IPO Contact Details

Company NameOswal Pumps Limited

How to apply for Oswal Pumps IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Oswal Pumps Limited IPO FAQs

Investors can apply for the Oswal Pumps IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Oswal Pumps IPO is 1387 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
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.
Oswal Pumps IPO will be open between 2025-06-13 and 2025-06-17.
Oswal Pumps IPO allotment date is 2025-06-19. For Oswal Pumps IPO allotment status check, you can visit the website of the registrar of the IPO.
For Oswal Pumps IPO, the IPO registrar is MUFG Intime India Private Limited. You can check Oswal Pumps IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Oswal Pumps IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Oswal Pumps IPO lot size is 24 and minimum order quantity is 24.
Oswal Pumps IPO has set the price band for its IPO at 614 per equity share with a face value of 1.