Oswal Pumps IPO
ListedMainboardOpens 13 June 2025Closes 17 June 2025
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…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
13 Jun 2025
IPO Closes
17 Jun 2025
Allotment
18 Jun 2025
Listing
20 Jun 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 13 June 2025 |
| IPO Close Date | 17 June 2025 |
| Allotment Date | 18 June 2025 |
| Listing Date | 20 June 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,736 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,91,568 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,06,304 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,87,312 |
BHNIAbove ₹10,00,000 | 68 | ₹10,02,048 |
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.) | 1,096.01 | 511.28 | 252.3 | 221.84 |
| Revenue (₹ Cr.) | 1,067.34 | 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% | 14,629.9 |
| Shakti Pumps (india) Ltd. | 10.13 | 28.8 | 24.15% | 11,760 |
| Wpil Ltd. | 2.98 | 30.94 | 9.62% | 4,086 |
| Ksb Ltd | 9.69 | 56.58 | 17.07% | 14,396 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- Oswal Pumps Limited
- 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
Frequently Asked Questions
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Sources
We match Oswal Pumps IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Private Limited (Link Intime)Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.