&w=3840&q=100)
Oswal Pumps IPO to open for bidding on June 13: Here's all you need to know
Oswal Pumps IPO: Oswal Pumps, a manufacturer and distributor of pumps, is set to launch its initial public offering (IPO) on June 13, 2025. The issue comprises a fresh issuance of ₹890 crore and an offer-for-sale (OFS) component of 8.1 million shares. Vivek Gupta, chairman and managing director is the promoter selling shareholder. The price bands for Oswal Pumps IPO are yet to be announced.
Oswal Pumps IPO key dates
According to the RHP, the three-day subscription window will tentatively close on Tuesday, June 17, 2025. The anchor investor bid period shall be one working day before the issue opening date i.e. Thursday, June 12, 2025. The basis of the allotment of shares is likely to be finalised on or before Wednesday, June 18, 2025. Shares of Oswal Pumps will be listed on both the exchanges, National Stock Exchange and BSE, tentatively on Friday, June 20, 2025.
Oswal Pumps IPO registrar, lead manager
MUFG Intime India, formerly Link Intime India, is the registrar of the issue. IIFL Capital Services, Axis Capital, CLSA India, JM Financial and Nuvama Wealth Management are the book-running lead managers. ALSO READ |
Oswal Pumps IPO objective
According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company plans to use ₹89.86 crore for funding certain capital expenditures, ₹272.75 crore for investment in its wholly-owned subsidiary, Oswal Solar, in the form of equity, for funding the setting up of new manufacturing units at Karnal, Haryana. In addition, ₹280 crore will be used for prepayment or repayment, in part or full, of certain outstanding borrowings and ₹31 crore for repayment or prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar. The remaining funds will be used for general corporate purposes.
About Oswal Pumps
Incorporated in 2003, Oswal Pumps manufactures solar-powered and grid-connected submersible and monoblock
pumps, electric motors comprising induction and submersible motors as well as solar modules, which it sells under
the 'Oswal' brand. It caters to the diverse requirements of end-users in the agricultural sector, the residential sector, commercial premises such as shopping malls, offices and hotels, and various industries. As of December 31, 2024, the company has executed orders for 38,132 Turnkey Solar pumping Systems directly under the PM Kusum Scheme for several states such as Haryana, Rajasthan, Uttar Pradesh and Maharashtra. It operates a manufacturing facility located at Karnal, Haryana, which is one of India's largest single-site facilities for manufacturing pumps, covering a total land area of 41,076 square meters as of December 31, 2024.
Oswal Pumps financial overview
In the nine-month period ended December 31, 2024, the company posted revenue from operations of ₹1,065.6 crore and PAT of ₹216.7 crore. In the financial year 2023-24 (FY24), Oswal Pumps reported revenue from operations of ₹758.5 crore, up 97 per cent from ₹385 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹97.6 crore in FY24, nearly a two-fold jump from ₹34.1 crore in FY23. Its earnings before interest, tax, depreciation and amortisation (Ebitda) rose 1.5 times from ₹57.8 crore in FY23 to ₹150 crore in FY24.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
8 hours ago
- Mint
Upcoming IPO: Oswal Pumps IPO to open June 13; check key dates, issue details, more
Oswal Pumps IPO: Oswal Pumps, a manufacturer of integrated solar pumps, will launch its initial public offering (IPO) for subscription starting on June 13, with the offer set to close on June 17, according to the latest red herring prospectus submitted to SEBI. Oswal Pumps IPO price band will be revealed the following day, Tuesday, June 10. The anchor book will open on June 12, with the basis for allotment scheduled to be finalised on June 18; refunds and the crediting of equity shares are set to begin on June 19. The stock is anticipated to be listed on the stock exchanges on June 20. The company specialises in the production of solar-powered and grid-connected submersible and monoblock pumps, electric motors such as induction and submersible motors, as well as solar modules, all branded under 'Oswal'. With more than 22 years of experience, it has developed substantial expertise in engineering, product design, manufacturing, and testing. As of December 31, 2024, Oswal Pumps has completed 38,132 turnkey solar pumping system orders under the PM Kusum Scheme in states including Haryana, Rajasthan, Uttar Pradesh, and Maharashtra. As per the red herring prospectus (RHP), the company's listed peers are Kirloskar Brothers Ltd (with a P/E of 41.94 ), Shakti Pumps (India) Ltd (with a P/E of 66.72), WPIL Ltd (with a P/E of 27.31), KSB Ltd (with a P/E of 66.79), and Roto Pumps Ltd (with a P/E of 42.08). In the financial year 2024, the company achieved a revenue of ₹ 758.57 crore, a significant increase from ₹ 385.04 crore the previous year. The net profit grew to ₹ 97.67 crore compared to ₹ 34.20 crore. For the nine months ending December 2024, the company reported revenues of ₹ 1,065.67 crore and a net profit of ₹ 216.71 crore. As of April 2025, total outstanding borrowings on a standalone basis amounted to ₹ 308.57 crore. The IPO consists of a fresh issuance of equity shares totaling ₹ 890 crore and an offer for sale of up to 8.1 million shares by one of the promoters, Vivek Gupta, who currently possesses a 25.17 percent share in the company. Of the proceeds, ₹ 89.86 crore will be directed towards capital expenditure, ₹ 273 crore will be invested in subsidiary Oswal Solar to establish a new manufacturing facility in Haryana, ₹ 280 crore will be allocated for debt repayment, and ₹ 31 crore will be used to settle debt at Oswal Solar. The lead managers for the issue include IIFL Capital, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
11 hours ago
- Economic Times
Oswal Pumps files DRHP for Rs 890 crore IPO
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Oswal Pumps, a Karnal-based manufacturer of pumping solutions and solar water pumping systems, has filed its Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to raise up to Rs 890 crore through an initial public offering (IPO), which includes a fresh issue and an offer for sale (OFS) by promoter Vivek IPO comprises a fresh issue aggregating up to Rs 890 crore and an OFS of up to 81 lakh equity shares by Vivek Gupta, the promoter selling shareholder. The company may consider a pre-IPO placement of specified securities; if undertaken, the size of the fresh issue would be reduced from the fresh issue will be used to fund corporate objectives as laid out in the offer documents, while the promoter will receive the proceeds from the OFS IPO will follow the book-building route and is proposed to be listed on the BSE and the NSE. The company has appointed IIFL Capital, Axis Capital , CLSA India, JM Financial , and Nuvama Wealth Management as the book-running lead managers, while MUFG Intime India has been appointed as the registrar to the bidding for anchor investors will open on June 12, 2025. The issue will open for public subscription on June 13 and close on June per the offer structure, not more than 50% of the issue will be allocated to qualified institutional buyers (QIBs), at least 15% to non-institutional investors (NIIs), and a minimum of 35% will be reserved for retail individual investors (RIIs), per SEBI in 2003 and headquartered in Haryana, Oswal Pumps has grown into an integrated player with a presence across pumps, motors, pipes, and turnkey solar water pumping systems. It operates through subsidiaries Oswal Solar Structure Pvt Ltd and Oswal Green Industries Pvt Ltd, and is backed by a promoter group that includes Vivek Gupta, Amulya Gupta, and Shivam Gupta, along with three corporate promoter equity shares will have a face value of Rs 1 each. The price band, minimum bid lot, and final offer size will be disclosed in subsequent filings and advertisements before the offer opening date.
Time of India
11 hours ago
- Time of India
Oswal Pumps files DRHP for Rs 890 crore IPO
Oswal Pumps, a Karnal-based manufacturer of pumping solutions and solar water pumping systems, has filed its Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to raise up to Rs 890 crore through an initial public offering (IPO), which includes a fresh issue and an offer for sale (OFS) by promoter Vivek Gupta. The IPO comprises a fresh issue aggregating up to Rs 890 crore and an OFS of up to 81 lakh equity shares by Vivek Gupta, the promoter selling shareholder. The company may consider a pre-IPO placement of specified securities; if undertaken, the size of the fresh issue would be reduced accordingly. Proceeds from the fresh issue will be used to fund corporate objectives as laid out in the offer documents, while the promoter will receive the proceeds from the OFS component. The IPO will follow the book-building route and is proposed to be listed on the BSE and the NSE. The company has appointed IIFL Capital, Axis Capital , CLSA India, JM Financial , and Nuvama Wealth Management as the book-running lead managers, while MUFG Intime India has been appointed as the registrar to the issue. The bidding for anchor investors will open on June 12, 2025. The issue will open for public subscription on June 13 and close on June 17. As per the offer structure, not more than 50% of the issue will be allocated to qualified institutional buyers (QIBs), at least 15% to non-institutional investors (NIIs), and a minimum of 35% will be reserved for retail individual investors (RIIs), per SEBI regulations. Also read | IPO calendar: 4 new issues, 1 listing lined up in a busy mid-June week Founded in 2003 and headquartered in Haryana, Oswal Pumps has grown into an integrated player with a presence across pumps, motors, pipes, and turnkey solar water pumping systems. It operates through subsidiaries Oswal Solar Structure Pvt Ltd and Oswal Green Industries Pvt Ltd, and is backed by a promoter group that includes Vivek Gupta, Amulya Gupta, and Shivam Gupta, along with three corporate promoter entities. The equity shares will have a face value of Rs 1 each. The price band, minimum bid lot, and final offer size will be disclosed in subsequent filings and advertisements before the offer opening date.
