Oswal Pumps Ltd IPO

We manufacture solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which we sell under the `Oswal' brand. We have over 22 years of experience in pumps encompassing engineering, product design, manufacturing and testing. Our product portfolio allows us to address the diverse requirements of our end-users in the agricultural, residential and industrial sectors. Our operations are supported by two manufacturing facilities situated at Karnal, Haryana. One facility is dedicated to the production of pumps and motors, while the other focuses on manufacturing solar modules.

Open Demat Account

50years

Oswal Pumps Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
TBATBATBA₹ 993.62 LBSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
13 Jun, 2517 Jun, 25TBA TBA Book Building20 Jun, 25

Oswal Pumps Ltd IPO Dates

  • 13 Jun 2025

    Opening date

  • 17 Jun 2025

    Closing date

  • 18 Jun 2025

    Basis of
    Allotment

  • 19 Jun 2025

    Initiation of
    Refunds

  • 19 Jun 2025

    Credit of
    Shares

  • 20 Jun 2025

    Listing date

Details

SectorType
SectorPumps
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x00
NII0x00
Retail0x00
Employee0x00
Total0x00

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Oswal Pumps Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations126.3754.3755.43
EBITDA134.2862.1263.69
PAT88.9934.2133.46
Total Assets393.04165.52167.02
Share Capital5.855.855.85
Total Borrowings104.5163.7073.91
Operating Activities (Net Cash)96.9041.9641.72
Investing Activities (Net Cash)11.88-2.553.51
Financing Activities (Net Cash)104.5163.7073.91
Net Cashflow3.567.7815.80

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Oswal Pumps Ltd

Our Company was incorporated on July 15, 2003 at New Delhi, India as `Oswal Pumps Private Limited', a private limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the RoC. Our Company was then converted into a public limited company under the Companies Act, 1956, pursuant to the Shareholders' resolution dated October 24, 2006, consequent to which, the name of our Company was changed to `Oswal Pumps Limited' and a fresh certificate of incorporation dated November 15, 2006 was issued by the RoC.

The Indian pump market was Rs. 380.5 billion in Fiscal 2025 and is expected to reach Rs. 591.9 billion in Fiscal 2030, growing at a CAGR of 9.2% between Fiscal 2025 and 2030. The Indian pump industry is segmented into the agricultural pumps, industrial pumps, and residential pumps; agricultural pumps sector is expected to grow at a CAGR of 8.4%. The Indian solar pump market was valued at Rs. 164.5 billion in Fiscal 2025 and is expected to grow at a CAGR of 11.0% between Fiscal 2025 and 2030, expected to reach Rs. 271.1 billion by Fiscal 2030. (Source: 1Lattice Report). We face competition from domestic and international manufacturers for monoblock and submersible pumps, electric motors and solar modules. Technology, price, design, quality, delivery, and engineering capabilities are the primary elements of competition in our industry (Source: 1Lattice Report). Our peers are Kirloskar, Shakti Pumps, C.R.I. Pumps, WPIL Limited, KSB Pumps and Roto Pumps.

We manufacture solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which we sell under the `Oswal' brand. We have over 22 years of experience in pumps encompassing engineering, product design, manufacturing and testing. Our product portfolio allows us to address the diverse requirements of our end-users in the agricultural, residential and industrial sectors. Our operations are supported by two manufacturing facilities situated at Karnal, Haryana. One facility is dedicated to the production of pumps and motors, while the other focuses on manufacturing solar modules.

Peer Comparison:

  • Oswal Pumps Limited
  • Kirloskar Brothers Limited
  • Shakti Pumps (India) Limited
  • WPIL Limited
  • KSB Limited
  • Roto Pumps Limited

Oswal Pumps Ltd IPO Key Points

Strengths

  • One of the largest supplier of solar powered agricultural pumps under the PM Kusum Scheme, well positioned to capitalise on strong industry tailwinds.
  • Vertically integrated manufacturing competencies.
  • Strong engineering and design capabilities.
  • Comprehensive product portfolio in multiple product specifications.
  • Strong presence in major agricultural states in India including Haryana and growing presence in other states.

Risk

  • The company derives a signification portion of its revenues from the supply of Turnkey Solar Pumping Systems which are awarded on a tender basis by state and central Government institutions under the PM Kusum Scheme (Rs. 7,732.07 million, Rs. 3,274.15 million, nil and nil from the supply of the Turnkey Solar Pumping Systems directly under the PM Kusum Scheme in the nine months ended December 31, 2024 and Fiscals 2024, 2023 and 2022, respectively, representing 78.50%, 44.77%, nil and nil of revenue from operations (excludes revenue from the sale of traded goods and other operating revenue and adding back discounts and incentives) during such periods). However, the company cannot assure you that the Government will continue this scheme or that its bids will be accepted and future contracts will be awarded to it. Any reduction in Government funding for this scheme or its inability to obtain contracts may have an adverse impact on its business, results of operations, financial condition and cash flows. Further, in the nine months ended December 31, 2024 and Fiscal 2024, 2023 and 2022, revenue from operations for its Material Subsidiary, Oswal Solar on a standalone basis, which is currently engaged in the manufacturing of solar modules and primarily supplying to the Company, was Rs. 2,812.83 million, Rs. 593.22 million, nil and nil, respectively.
  • Its business is dependent on the performance of the agricultural sector (Rs. 9,510.52 million, Rs. 7,024.71 million, Rs. 3,254.70 million and Rs. 2,964.21 million from the agricultural sector in the nine months ended December 31, 2024 and Fiscals 2024, 2023 and 2022, respectively, representing 96.55%, 96.06%, 90.84% and 87.03% of revenue from operations (excluding revenue from the sale of traded goods and other operating revenue and adding back discounts and incentives) during such periods). Any adverse changes in the conditions affecting the agricultural sector may adversely impact its business, results of operations, financial condition and cash flows. Further, in the nine months ended December 31, 2024 and Fiscal 2024, 2023 and 2022, revenue from operations for its Material Subsidiary, Oswal Solar on a standalone basis, which is currently engaged in the manufacturing of solar modules and primarily supplying to the Company, was Rs. 2,812.83 million, Rs. 593.22 million, nil and nil, respectively.
  • We derive a significant portion of our revenues from the sale of our products in the states of Haryana (34.75%, 72.28%, 44.00% and 49.60% in the nine months ended December 31, 2024 and Fiscal 2024, 2023 and 2022, respectively), Maharashtra (44.30%, 7.85%, 18.69% and 9.85% in the nine months ended December 31, 2024 and Fiscal 2024, 2023 and 2022, respectively), Uttar Pradesh (6.14%, 6.12%, 3.76% and 2.73% in the nine months ended December 31, 2024 and Fiscal 2024, 2023 and 2022, respectively) and Rajasthan (5.28%, 4.53%, 7.29% and 17.85% in the nine months ended December 31, 2024, Fiscal 2024, 2023 and 2022, respectively). Consequently, any adverse developments affecting our operations in such regions, could have an adverse impact on our business, results of operations, financial condition and cash flows.

Strategy

  • Backward integration in pump manufacturing value chain, enhance automation in pump manufacturing and strengthen our capabilities through strategic acquisitions.
  • Continue to focus on government schemes and maintain leadership position.
  • Increase manufacturing capacity for solar modules and backward integration in solar module manufacturing.
  • Introduce new products in the industrial pumps and electric motors categories.
  • Increase our presence in select geographies in India and grow our exports.
  • One of the largest supplier of solar powered agricultural pumps under the PM Kusum Scheme, well positioned to capitalise on strong industry tailwinds.
  • Vertically integrated manufacturing competencies.
  • Strong engineering and design capabilities.
  • Comprehensive product portfolio in multiple product specifications.
  • Strong presence in major agricultural states in India including Haryana and growing presence in other states.

How To Apply for Oswal Pumps Ltd IPO Online?

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Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Oswal Pumps Ltd's IPO offers shares for up to NA It begins on Jun 13, 2025 and ends on Jun 17, 2025.

The price of Oswal Pumps Ltd IPO ranges between NA to NA per share.

The Oswal Pumps Ltd IPO opens on Jun 13, 2025 and closes on Jun 17, 2025.

The allotment for the Oswal Pumps Ltd IPO will be finalised on Jun 18, 2025. The shares will be listed on BSE and NSE on Jun 20, 2025.

The minimum lot size for Oswal Pumps Ltd IPO is 0 shares, priced between NA to NA per share.

The GMP (Grey Market Premium) of Oswal Pumps Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Oswal Pumps Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Oswal Pumps Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 13, 2025, and closes on Jun 17, 2025. The allotment is finalised on Jun 18, 2025.

To apply for the Oswal Pumps Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.