IPO Issue Details
Issue Price / Price Band₹614 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size24 Shares per Lot
Total Issue Size2,25,95,114 shares (aggregating up to ₹1,387.34 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 13 Jun 2025
Subscription CloseTue, 17 Jun 2025
Anchor AllotmentThu, 12 Jun 2025
Basis of AllotmentWed, 18 Jun 2025
Initiation of RefundsThu, 19 Jun 2025
Credit of Shares to DematThu, 19 Jun 2025
Listing DateFri, 20 Jun 2025
UPI Mandate Deadline2025-06-17
Application & Investment Details
Retail — Min (1 Lots)₹14,736 — 24 shares
Retail — Max (13 Lots)₹191,568 (13 Lots)
HNI — Min (14 Lots)₹2,06,304 — 336 shares
EPS (Pre-IPO)₹9.82
EPS (Post-IPO)₹25.35
P/E Ratio (Pre-IPO)62.54x
P/E Ratio (Post-IPO)24.22x
Pre-IPO Promoter Holding9,94,82,300 shares
Post-IPO Promoter Holding11,39,77,414 shares
Fresh Issue Shares1,44,95,114 shares (aggregating up to ₹890.00 Cr)
Offer for Sale Shares81,00,000 shares of ₹1 (aggregating up to ₹497.34 Cr)
About Oswal Pumps Ltd.
Incorporated in 2003, Oswal Pumps Limited is a manufacturer and distributor of pumps. The company offers a diverse range of products catering to domestic, agricultural, and industrial applications, including solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires & cables, and electric panels.As of August 31, 2024, the company had executed orders for 26,270 turnkey solar pumping systems directly under the PM-KUSUM Scheme for several states, including Haryana, Rajasthan, Uttar Pradesh, and Maharashtra.The company operates a manufacturing facility located in Karnal, Haryana, which covers a total land area of 41,076 square meters as of March 31, 2024.The company has a growing network of distributors across India, increasing from 473 distributors as of March 31, 2022, to 636 distributors as of March 31, 2024. Further, between April 1, 2021, and March 31, 2024, Oswal Pumps exported its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.As of March 31, 2024, the company had a team of 164 employees.
Objects of the Issue
Oswal Pumps Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding certain capital expenditure of the Company.
89.86
2
2 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.
272.76
3
3 Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company.
280.00
4
4 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.
31.00
5
5 General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
9,94,82,300 shares
Post-IPO Promoter Holding
11,39,77,414 shares
Lock-in Period (30%)July 17, 2025
Lock-in Period (50%)September 15, 2025