The Oswal Pumps IPO is scheduled to open for subscription on June 13, 2025, and will close on June 17, 2025. The IPO allotment is expected on June 18, 2025, and shares are likely to list on BSE and NSE on June 20, 2025.
The company aims to raise ₹890 crores through a fresh issue and up to 0.81 crore equity shares through an offer for sale. The price band for the IPO is yet to be announced. The retail quota is 35%, QIB 50%, and HNI 15%.
The company’s revenue rose from ₹387.47 crores in 2023 to ₹761.23 crores in 2024, with a profit increase from ₹34.2 crores to ₹97.67 crores. Investors can consider the IPO for long-term growth.
Oswal Pumps Limited was established in 2003 and is a well-known manufacturer and distributor of pumps. The company makes and sells a wide range of pumps that cater to domestic, agricultural, and industrial needs, like solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, winding wires, cables, and electric panels.
By August 31, 2024, the company had completed 26,270 turnkey solar pumping systems under the PM-KUSUM Scheme for states like Haryana, Rajasthan, Uttar Pradesh, and Maharashtra. The company has a big factory in Karnal, Haryana, spread over 41,076 square meters as of March 31, 2024.
Oswal Pumps has also increased its distributor network in India from 473 distributors in March 2022 to 636 distributors by March 2024. Additionally, between April 2021 and March 2024, the company exported its products to 17 countries in Asia-Pacific, Middle East, and North Africa. As of March 31, 2024, the company had a team of 164 employees.
Overview of Contents
Oswal Pumps IPO Overview
| Particulars | Details |
|---|---|
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Face Value | ₹1 per equity share |
| IPO Price Band | ₹[.] to ₹[.] per share |
| Issue Size | Approx ₹[.] crores |
| Fresh Issue | Approx ₹1,000 crores |
| Offer for Sale | Approx 1,13,12,000 equity shares |
| Lot Size | [.] |
| Total Issue Size | [.] shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹890.00 Cr) |
| Offer for Sale | 81,00,000 shares of ₹1 (aggregating up to ₹[.] Cr) |
| Pre-Issue Shareholding | 9,94,82,300 shares |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
Oswal Pumps IPO Dates
| Event | Date & Day |
|---|---|
| IPO Open Date | June 13, 2025 (Friday) |
| IPO Close Date | June 17, 2025 (Tuesday) |
| Basis of Allotment | June 18, 2025 (Wednesday) |
| Refunds | June 19, 2025 (Thursday) |
| Credit to Demat Account | June 19, 2025 (Thursday) |
| IPO Listing Date | June 20, 2025 (Friday) |
Oswal Pumps IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Kirloskar Brothers Limited | 43.84 | 37.57 | 22.30% | 216.47 | 4001.20 Cr. |
| Shakti Pumps (India) Limited | 76.91 | 57.08 | 24.15% | 377.19 | 1370.74 Cr. |
| WPIL Limited* | 17.72^ | 25.53 | 18.78%^ | 127.56 | 1664.40 Cr. |
| KSB Limited* | 59.97 | 14.94 | 17.07% | 74.81 | 2247.24 Cr. |
| Roto Pumps Limited | 12.55 | 45.29 | 21.95% | 61.88 | 274.50 Cr. |
Oswal Pumps IPO Promotor Holding
Oswal Pumps IPO is backed by promoters including Vivek Gupta, Amulya Gupta, Shivam Gupta, Ess Aar Corporate Services Private Limited, Shorya Trading Company Private Limited, and Singh Engcon Private Limited. The promoter shareholding before the IPO stands at 99.88%.
| Particulars | Shareholding |
|---|---|
| Pre-Issue | 99.88% |
| Post-Issue | [to be updated] |
Oswal Pumps IPO Financial Performance
Oswal Pumps Limited has shown strong financial growth in recent years, with significant increases in revenue, profit, and net worth. The company’s balance sheet also reflects healthy reserves and manageable borrowing levels.
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1,096.01 | 511.28 | 252.30 | 221.84 |
| Revenue | 1,067.34 | 761.23 | 387.47 | 361.11 |
| Profit After Tax | 216.71 | 97.67 | 34.20 | 16.93 |
| Net Worth | 378.80 | 160.17 | 59.97 | 24.57 |
| Reserves & Surplus | 387.96 | 173.42 | 73.22 | 37.82 |
| Total Borrowing | 346.30 | 75.42 | 59.28 | 87.54 |
Oswal Pumps IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE | 88.73% |
| ROCE | 81.85% |
| EBITDA Margin | 19.79% |
| PAT Margin | 12.83% |
| Debt to Equity Ratio | 0.42 |
| EPS (Basic) | ₹9.82 |
| P/E Ratio | N/A |
| RoNW | 88.73% |
| NAV | ₹16.10 |
Oswal Pumps IPO Review
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Object of the Issue
- Fund capital expenditure.
- Invest in Oswal Solar to set up new units in Karnal.
- Repay certain outstanding borrowings.
- Invest in Oswal Solar for debt repayment.
- General corporate purposes.