by Ankita Lodh on 11 June 2025, 4 minutes min read
The upcoming Oswal Pumps IPO has been tracked by investors, particularly those tracking renewable energy and infrastructure sectors in India. Opening on June 13, 2025, this public issue marks the debut of Oswal Pumps Ltd. on Indian stock exchanges. The company is known for its strong presence in pumping solutions and solar-powered water systems.
Here’s a detailed look at the IPO, covering company background, issue structure, financial performance, objectives, and what it could mean for your investment strategy.
Also read: IPO Boom in India: What Retail Investors Should Know Before Applying
Oswal Pumps Ltd., headquartered in Haryana, India, was founded in 2003. Over the years, it has grown into one of India’s leading manufacturers of pumping equipment and solar water systems. The company designs and manufactures submersible pumps, electric motors, pipes, and complete solar water pumping solutions.
Oswal’s business operates through subsidiaries such as Oswal Solar Structure Pvt. Ltd. and Oswal Green Industries Pvt. Ltd. The company’s product range includes:
All products are marketed under the ‘Oswal’ brand. Notably, Oswal has completed over 38,000 turnkey solar pump installations under the PM-KUSUM Scheme across states like Haryana, Rajasthan, Uttar Pradesh, and Maharashtra.
The Oswal Pumps IPO will open on June 13, 2025, and close on June 17, 2025. It will follow the book-building process and will be listed on both BSE and NSE.
| IPO Date | June 13, 2025 to June 17, 2025 |
| Tentative Listing Date | June 20, 2025 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹584 to ₹614 per share |
| Lot Size | 24 Shares |
| Total Issue Size | 2,25,95,114 shares (aggregating up to ₹1,387.34 Cr) |
| Fresh Issue | 1,44,95,114 shares (aggregating up to ₹890.00 Cr) |
| Offer for Sale | 81,00,000 shares of ₹1 (aggregating up to ₹497.34 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,94,82,300 shares |
For further information, refer to the full Oswal Pumps IPO RHP.
The anchor book will open for bidding on June 12, 2025, one day prior to the IPO. Share allotment is expected to be finalised by June 18, with a tentative listing date of June 20, 2025.
Oswal Pumps has shown significant growth in both revenue and profitability in recent years.
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets (₹ Crore) | 1,096.01 | 511.28 | 252.30 | 221.84 |
| Revenue (₹ Crore) | 1,067.34 | 761.23 | 387.47 | 361.11 |
| Profit After Tax (₹ Crore) | 216.71 | 97.67 | 34.20 | 16.93 |
| Net Worth (₹ Crore) | 378.80 | 160.17 | 59.97 | 24.57 |
| Reserves and Surplus (₹ Crore) | 387.96 | 173.42 | 73.22 | 37.82 |
| Total Borrowing (₹ Crore) | 346.30 | 75.42 | 59.28 | 87.54 |
The jump in revenue and profits is largely attributed to increased demand for solar solutions, government-backed projects like PM-KUSUM, and Oswal’s growing distribution network.
The IPO proceeds will be used across four main areas:
This balanced allocation reflects the company’s dual focus on expansion and financial consolidation.
Also read: Should You Invest in IPO? A Beginner’s Guide to IPO Investment in India
As of today, June 11, 2025, the Oswal Pumps IPO grey market premium (GMP) stands at ₹67 per share, indicating a potential listing price of ₹681 per share, which would be a premium of approximately 10.91% over the upper end of the IPO price band (₹614). This GMP reflects strong market expectations for listing gains.
Note: GMP is not official and is based on market speculation. The IPO is scheduled to open for subscription on June 13 and close on June 17, 2025
If you are a retail investor or looking for exposure in renewable energy and infrastructure, Oswal Pumps could be worth a closer look. However, it is crucial to assess valuation metrics once the price band is out.
The Oswal Pumps IPO offers an interesting investment opportunity, especially for those focused on companies contributing to India’s green energy shift. With strong financial growth, strategic expansion plans, and a solid market presence, Oswal appears well-positioned in the industrial and renewable solutions space.
That said, investors should review the red herring prospectus and evaluate risks; these are essential steps before subscribing to the IPO.
| Feature | Details |
| IPO Dates | June 13-17, 2025 |
| Oswal Pumps IPO Size | ₹890 crore (Fresh) + 8.1M shares (OFS) |
| Industry | Pumps, Motors, Solar Solutions |
| FY24 Revenue | ₹758.57 crore |
| FY24 Net Profit | ₹97.67 crore |
| Tentative Listing | June 20, 2025 |
| Use of Proceeds | Capex, debt repayment, subsidiary expansio |
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