About Oswal Pumps:
Oswal manufactures solar-powered and grid-connected submersible and monoblock pumps, induction and submersible electric motors, and solar modules under the ‘Oswal’ brand. With over 22 years of experience in engineering, product design, manufacturing, and testing, the company serves agricultural, residential, and industrial sectors. Its operations are supported by two manufacturing facilities in Karnal, Haryana—one focused on pumps and motors, and the other on solar modules.
About the Industry in which Oswal Pumps operates:
The Indian pump market, valued at ₹380.5 billion in FY 2025, is projected to reach ₹591.9 billion by FY 2030, a 9.2 % CAGR; agricultural pumps within it are expected to expand at 8.4 %. The Indian solar-pump segment, worth ₹164.5 billion in FY 2025, should grow 11 % annually to ₹271.1 billion by FY 2030. Competition hinges on technology, price, design, quality, delivery and engineering capacity. Key rivals include Kirloskar, Shakti Pumps, C.R.I. Pumps, WPIL, KSB and Roto Pumps.
| Important Information and Timelines of the IPO of Oswal Pumps: | |
|---|---|
| Open Date | 13 June 2025 |
| Close Date | 17 June 2025 |
| Total Issue Size – Number of Shares | 22595114 |
| Minimum Bid Price | 584 |
| Maximum Bid Price | 614 |
| Lot Size | 24 |
| Basis of Allotment | 18 June 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 19 June 2025 |
| Listing Date | 20 June 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Oswal Pumps:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 24 | 14736 |
| Retail – Maximum | 13 | 312 | 191568 |
| sHNI – Minimum | 14 | 336 | 206304 |
| sHNI – Maximum | 67 | 1608 | 987312 |
| bHNI – Minimum | 68 | 1632 | 1002048 |
Objective of the IPO of Oswal Pumps:
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Funding certain capital expenditure of the Company.
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Equity investment in wholly-owned subsidiary, Oswal Solar, for setting up new manufacturing units in Karnal, Haryana.
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Prepayment or repayment, in part or full, of certain outstanding borrowings availed by the Company.
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Equity investment in Oswal Solar for prepayment or repayment of its outstanding borrowings.
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Utilization of funds for general corporate purposes.
Financials of Oswal Pumps:
| Particulars | As of and for the 9M ended Dec 31, 2024 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Equity Share Capital | 99.48 | 58.52 | 58.52 | 58.52 |
| Net Worth | 3,788.02 | 1,601.69 | 599.68 | 245.69 |
| Revenue from Operations | 10,656.71 | 7,585.71 | 3,850.36 | 3,603.84 |
| Profit for the Period/Year | 2,167.09 | 976.65 | 341.99 | 169.29 |
| EPS – Basic | 21.78* | 9.82 | 3.44 | 1.70 |
| EPS – Diluted | 21.77* | 9.82 | 3.44 | 1.70 |
| Net Asset Value per Share | 38.06 | 16.10 | 6.03 | 2.47 |
| Total Borrowings | 3,463.02 | 754.22 | 592.84 | 875.40 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Oswal Pumps. You will receive a UPI mandate after 10:00 AM on 13 June 2025.
###1. How to apply for the IPO of Oswal Pumps on Dhan?
You can apply for the IPO of Oswal Pumps from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Oswal Pumps be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 19 June 2025. However, you will be able to see the shares of Oswal Pumps on Dhan before the market starts on the listing date which is 20 June 2025.