IPO Details
Bidding Dates
13 Jun 25 - 17 Jun 25
Lot Size
24
Price Range ₹
584 - 614
Exchange Status
NSE,BSE
Total Equity
₹ 0.00Cr
IPO Doc
IPO Timeline
Offer start
13 Jun 2025
Offer end
17 Jun 2025
Allotment
18 Jun 2025
Refund initiation
19 Jun 2025
Demat transfer
19 Jun 2025
Listing
20 Jun 2025
Offer start
13 Jun 2025
Offer end
17 Jun 2025
Allotment
18 Jun 2025
Refund initiation
19 Jun 2025
Demat transfer
19 Jun 2025
Listing
20 Jun 2025
About Company
Incorporated in 2003, Oswal Pumps Limited is a leading manufacturer and distributor of pumping solutions in India, serving domestic, agricultural, and industrial needs. Headquartered in Karnal, Haryana, the company operates a large-scale manufacturing facility and offers a wide product range including solar pumps, submersible pumps, monoblock pumps, electric motors, and control panels. Oswal Pumps is a key player in the government’s PM-KUSUM Scheme, having executed over 26,000 turnkey solar pumping systems across multiple states. It boasts a strong pan-India distribution network, with 925 distributors and 248 retail outlets under the “Oswal Shoppe” initiative as of December 2024. Internationally, the company exports to 22 countries across the Asia-Pacific, Middle East, and North Africa. With a revenue CAGR of 45.07% from FY22 to FY24, Oswal Pumps is among the fastest-growing vertically integrated solar pump manufacturers in India. The company is ISO-certified and holds multiple high credit ratings, reflecting its operational and financial strength.
Year Founded
15-07-2003
Promotor Details
Vivek Gupta
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 99482300 | 0 |
Project Details
- Funding certain capital expenditure of our Company - 893.69cr
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by our Company - 2350cr
- Investment in our wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for funding - 4191.63cr
- Investment in our wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for repayment - 260cr
Objectives
- funding certain capital expenditure of our Company
- investment in our 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 our Company
- investment in our 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
- andgeneral corporate purposes
Highlights
- Strong revenue growth with a CAGR of 45.07% between FY22 and FY24.
- Leading presence in government-backed PM-KUSUM Scheme with over 26,000 solar pump installations.
- Expansive distribution network across India with 925 distributors and growing retail presence through 248 Oswal Shoppes.
- Vertically integrated operations with in-house R&D and cost-efficient engineering advancements.
- Reputable certifications (ISO 9001, 14001, 45001) and strong credit ratings from CRISIL, CARE, and Brickwork.
Challenges
- High reliance on government schemes poses a risk in case of policy changes or funding delays.
- Limited workforce (164 employees) could impact future scalability and operational efficiency.
- Risk of quality or supply chain issues due to rapid expansion and product diversification.
- Export business exposed to geopolitical tensions, forex volatility, and regulatory challenges.
- Faces stiff competition in a fragmented pump manufacturing industry, potentially impacting pricing power and margins.
