Oswal Pumps IPO

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.

Price Range
₹584.00-614.00
Issue Size
₹1,387.34 Cr
Lot Size
24 shares
IPO Type
Mainboard
GMP
₹41(+6.68%)
Est. Listing Price
₹655
Estimate Profit
₹984
Retail Portion
-

Key Metrics

GMP
Face Value
₹10
EPS
25.35
P/E Ratio
24.22
RoNW
88.73%
ROE
81.85%
Debt to Equity
0.42
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Timeline

IPO Opens

13 Jun

IPO Closes

17 Jun

Allotment

18 Jun

Listing

20 Jun

IPO Timeline & Listing Details

EventDate
IPO Open Date13 June 2025
IPO Close Date17 June 2025
Allotment Date18 June 2025
Listing Date20 June 2025

Investment Categories

CategoryLotsAmount
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.
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Financial Performance

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets (₹ Cr.)1,096.01511.28252.3221.84
Revenue (₹ Cr.)1,067.34761.23387.47361.11
PAT (₹ Cr.)216.7197.6734.216.93
Net Worth (₹ Cr.)378.8160.1759.9724.57

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Kirloskar Brothers Ltd.6.7334.0522.3%14,629.9
Shakti Pumps (india) Ltd.10.1328.824.15%11,760
Wpil Ltd.2.9830.949.62%4,086
Ksb Ltd9.6956.5817.07%14,396

Subscription Details

No daily bids available.

No subscription statistics available.

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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

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