Oswal Pumps Limited IPO to Open on June 13: Check Issue Details and Key Dates

Oswal Pumps Limited, a manufacturer of integrated solar pumps, will launch its initial public offering (IPO) on June 13, 205. The bidding window for the Oswal Pumps IPO will be open from June 13, 2025, to June 17, 2025. 

The total issue size of the IPO is 1387.34 crore, consisting of a fresh issue of equity shares aggregating to ₹890 crore and an offer for sale of up to 0.81 crore shares by one of the promoters - Vivek Gupta, who currently holds a 25.17% stake in the company. The issue price band is set at ₹584 – ₹614 per share. The minimum lot size of the issue is 24, and one can apply with a minimum investment of ₹14,016. 

As per the RHP, IIFL Capital Services Limited, Axis Capital Limited, Clsa India Private Limited, JM Financial Limited, and Nuvama Wealth Management Limited are appointed as the book-running lead managers of the IPO. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) will be the registrar. 

The allotment of shares for the Oswal Pumps Limited IPO will likely be finalised on Wednesday, June 18, 2025, followed by the initiation of refunds for the unallocated shares. The company’s shares are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Friday, June 20, 2025.

Utilisation of Proceeds

The Company will utilise the net proceeds of the fresh issue for the following purposes:

1. Funding certain capital expenditure of the Company
2. Investment in the Company’s wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for funding the setting up of new manufacturing units at Karnal, Haryana
3. Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company
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
5. General corporate purposes

About Oswal Pumps Limited

Founded in 2003, Oswal Pumps Ltd. manufactures solar-powered pumps and electric motors, including induction and submersible motors and solar modules. It caters to a diverse range of sectors, including agricultural, residential, and commercial premises, such as shopping malls, offices and hotels, and various industries. It operates a manufacturing facility located in Karnal, Haryana.

For FY24, Oswal Pumps reported a 97% rise in revenue from operations, i.e., ₹758.5 crore compared to ₹385 crore in the previous fiscal. The profit after tax (PAT) also increased to ₹97.6 crore in FY24, compared to ₹34.1 crore in FY23.