Oswal Pumps Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹584 - ₹614
- Lot size
- 24 shares
- Issue amount
- ₹1,387.34 cr
- Total subscription
- 35.28×
- Opens
- 13 Jun 2025
- Closes
- 17 Jun 2025
- Allotment
- 18 Jun 2025
- Listing
- 20 Jun 2025
Offer at a glance
Issue overview
- Issue size
- 2,25,95,114 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹14,016
- Fresh issue
- ₹890 cr
- Offer for sale
- ₹497.34 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,736
- Issue type
- Bookbuilding IPO
- Shares before issue
- 9,94,82,300
- Shares after issue
- 11,39,77,414
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 24 | ₹14,736 |
| sHNI | 14 | 336 | ₹2,06,304 |
| bHNI | 68 | 1,632 | ₹10,02,048 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 3,29,512 | 10,30,628 |
| HNIs(10L +) | 6,725 | 61,614 |
| HNIs (2-10L) | 3,362 | 76,006 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 277.47 | 24,568.48 |
| RETAIL | 485.57 | 1,806.49 |
| HNIs 2+ | 69.37 | 1,614 |
| HNIs 10+ | 138.73 | 6,274.05 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 21.78 | 9.82 | 3.44 |
| ROE | 65.96 | 81.85 | 45.47 |
| ROCE | 80.42 | 88.73 | 80.91 |
| RONW | 0.87 | 0.42 | 0.7 |
| PRE IPO(PE) | 0 | 62.54 | 0 |
| POST IPO(PE) | 24.22 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Oswal Pumps Limited, established in 2003, is a company that manufactures and distributes a wide range of pumps and related products for domestic, agricultural, and industrial use. Their product lineup includes solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires and cables, and electric panels. By August 31, 2024, the company had completed orders for 26,270 turnkey solar pumping systems under the PM-KUSUM Scheme across states like Haryana, Rajasthan, Uttar Pradesh, and Maharashtra. Their manufacturing facility is located in Karnal, Haryana, covering a total area of 41,076 square meters as of March 31, 2024. The company has been expanding its distribution network in India, growing from 473 distributors in March 2022 to 636 distributors by March 2024. Between April 1, 2021, and March 31, 2024, Oswal Pumps also exported its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.As of March 31, 2024, the company employed a total of 164 people.
Strengths
- Government-Supported Expansion: Successfully installed 26,270 solar pump systems under the PM-KUSUM scheme, supporting India’s renewable energy mission.
- Strong Market Presence: Wide network with 636 distributors in India and exports to 17 countries shows solid reach and growth potential.
- Efficient In-House Production: All products are made at a large facility in Haryana, helping maintain high quality and better efficiency.
Risk factors
- Heavy Dependence on PM-KUSUM Scheme: A large share of income comes from government contracts. Any cut in funding or missed bids may hurt the business.
- High Exposure to Agriculture: Over 87% of revenue depends on the agricultural sector. If this sector faces issues, the company’s performance may suffer.
- Limited Regional Coverage: Most revenue comes from just a few states—Haryana, Maharashtra, Uttar Pradesh, and Rajasthan. Problems in these regions could impact earnings.
Promoters
Vivek Gupta
Amulya Gupta
Shivam Gupta
Ess Aar Corporate Services Private Limited
Shorya Trading Company Private Limited
Singh Engcon Private Limited
Registrar & documents
Lead manager
IIFL Capital Services Limited, Axis Capital Limited, Clsa India Private Limited, Jm Financial Limited, Nuvama Wealth Management Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Oswal Estate NH-1, Kutail Road, P. O. Kutail, District Karnal, Karnal, Haryana
+91 18 4350 0307
[email protected]Company website ↗Understanding OSWALPUMPS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.