Oswal Pumps IPO: Check IPO Date, Live Subscription and Key Details
Oswal Pumps is a solar pump manufacturer in India. The company manufactures solar power and grid submersible and monoblock pumps, electric motors, and solar modules under the brand name 'Oswal'. In 2021, the company started offering turnkey solar pumping systems comprising solar-powered agricultural pumps, solar modules, mounting structures, pump controllers, and their installations ('Turnkey Solar Pumping Systems'), under the PM Kusum Scheme. As of Dec 31, 2024, it has executed 38,132 turnkey solar pumping systems for several states i.e., Haryana, Rajasthan, Uttar Pradesh, and Maharashtra.
Min Investment
₹14736
Price Range
₹584.00-614.00
Issue Size
₹1387.34 Cr
IPO Type
Mainboard
Key Metrics
Check Live GMP
Face Value
₹10
EPS
25.35
P/E Ratio
24.22
RoNW
88.73%
ROE
81.85%
Debt to Equity
0.42
Timeline
IPO Opens
13 Jun
IPO Closes
17 Jun
Allotment
18 Jun
Listing
20 Jun
IPO Objectives
- Funding certain capital expenditure of the Company.
- 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.
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company.
- 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.
- General corporate purposes.
Strengths
- Largest suppliers of solar-powered agricultural pumps under the PM Kusum Scheme.
- Comprehensive product portfolio in multiple product specifications.
- Vertically integrated manufacturing capabilities.
- Strong presence in agricultural states like Haryana and other states.
- Extensive distribution network catering to a diversified customer base.
Weaknesses
- Heavy reliance on government schemes (PM-KUSUM) for a significant portion of revenue, making the business vulnerable to policy changes and scheme expiry.
- High customer and geographic concentration, with a large percentage of revenue from a few states in Northern and Western India and top clients.
- Working capital-intensive business with rising receivables, which can strain cash flow.
- Reliance on certain key raw materials (e.g., copper, solar cells) with potential for price volatility.
- Intense competition from domestic and international pump manufacturers.
Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 1096.01 | 511.28 | 252.3 | 221.84 |
| Revenue (₹ Cr.) | 1067.34 | 761.23 | 387.47 | 361.11 |
| PAT (₹ Cr.) | 216.71 | 97.67 | 34.2 | 16.93 |
| Net Worth (₹ Cr.) | 378.8 | 160.17 | 59.97 | 24.57 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Kirloskar Brothers Ltd. | 6.73 | 34.05 | 22.3 | 14629.9 |
| Shakti Pumps (india) Ltd. | 10.13 | 28.8 | 24.15 | 11760 |
| Wpil Ltd. | 2.98 | 30.94 | 9.62 | 4086 |
| Ksb Ltd | 9.69 | 56.58 | 17.07 | 14396 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 |
|---|---|---|
| QIB | 0.00x | 0.00x |
| NII | 0.01x | 0.01x |
| RII | 0.04x | 0.16x |
| Total | 0.02x | 0.08x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 5,32,800 | 0 | 0.00 |
| NII | 16,89,600 | 22,400 | 0.18 |
| RII | 22,22,400 | 3,45,600 | 2.83 |
| Total | 44,44,800 | 3,68,000 | 3.02 |
Company Details
- Oswal Estate NH-1, Kutail Road, P. O. Kutail, Karnal, Haryana-132037, India
- +91 18 4350 0307
- investorrelations@oswalpumps.com
- http://www.oswalpumps.com/
Registrar Details
- MUFG Intime India Private Limited (Link Intime)
- +91-22-4918 6270
- oswalpumps.ipo@linkintime.co.in
- https://linkintime.co.in/Initial_Offer/public-issues.html