
Oswal Pumps IPO Closed
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Schedule of Oswal Pumps
Issue open date | 13 Jun 2025 |
Issue close date | 17 Jun 2025 |
UPI mandate deadline | 17 Jun 2025 (5 PM) |
Allotment finalization | 18 Jun 2025 |
Refund initiation | 19 Jun 2025 |
Share credit | 19 Jun 2025 |
Listing date | 20 Jun 2025 |
Mandate end date | 02 Jul 2025 |
Lock-in end date for anchor investors (50%) | 18 Jul 2025 |
Lock-in end date for anchor investors (remaining) | 16 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Oswal Pumps
Oswal Pumps established in 2003, is one of India’s manufacturers of solar-powered and electric pumps, with a CAGR of 45.07% from FY22 to FY24. The company offers a diverse product portfolio including solar pumps, submersible and monoblock pumps, electric motors, and solar modules under the ‘Oswal’ brand. Serving agricultural, residential, commercial, and industrial sectors, Oswal is a leading supplier under the PM Kusum Scheme, with over 26,000 turnkey solar pumping systems delivered. With a pan-India distribution network, exports to 17 countries, and a strong in-house manufacturing base, Oswal is a trusted partner for sustainable water solutions.
Financials of Oswal Pumps
*All figures are in ₹ Crores.
Issue size
Funds Raised in the IPO | Amount |
Overall | ₹ 1387.34 crores |
Fresh issue | ₹ 890 crores |
Offer for sale | ₹ 497.34 crores |
Utilisation of proceeds
Purpose | INR crores (%) |
Capital expenditure | 89.86 (10.09%) |
New manufacturing unit for subsidiary, Oswal Solar | 272.75(30.64%) |
Repayment/prepayment/redemption of outstanding borrowings | 280 (31.4%) |
Repayment/prepayment/redemption of outstanding borrowings of subsidiary, Oswal Solar | 31 (3.48%) |
General corporate purposes | 216.39 (24%) |
Strengths
- Largest supplier of agri-solar pumps under the PM-KUSUM scheme
- Vertically integrated manufacturing with strong engineering and design capabilities
- Wide product portfolio across diverse specifications
- Strong market presence in major agricultural states like Haryana
- Expanding reach through an extensive distribution network
- Backed by an experienced Promoter and leadership team
Risks
- Business is reliant on the performance of the agricultural sector
- Significant dependence on the top 10 customers for revenue
- Geographic concentration of manufacturing facilities in Karnal, Haryana
- Exposure to regional risks like political unrest and natural disasters
- Risk of non-compliance with debt covenants and financing obligations
- Operations involve hazardous materials posing safety and liability risks
Subscription Figures for Oswal Pumps
Subscription numbers as of 5:00 PM on 17 June 2025:
Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
---|---|---|---|
Institutional | 45.19 | 2920.13 | 64.62x |
NII | 33.89 | 1285 | 37.90x |
Retail | 79.08 | 293.9 | 3.72x |
Total | 158.16 | 4498.68 | 28.44x |