Oswal Pumps Limited (MAINBOARD)
June 13, 2025 – June 17, 2025
| Price | ₹584 - ₹614 |
| Premium | ₹73 |
|---|---|
| Lot size | 24 |
| Allotment | Jun 18, 2025 |
| Listing | Jun 20, 2025 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 24 | 14736 | 329512 |
| sHNI | 14 | 336 | 206304 | 3362 |
| bHNI | 68 | 1632 | 1002048 | 6725 |
Oswal Pumps IPO Details
| Issue Size | [22595114] shares (aggregating up to ₹[1387] Cr) |
| Fresh Issue | [14495114],, 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 |
| Share Holding Post issue | 11,39,77,414 Shares |
Oswal Pumps IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Key Performance Indicator (KPI)
| KPI | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 65.96% | 81.85% | 45.47% |
| RONW | 80.42% | 88.73% | 80.91% |
| D/E | 0.87 | 0.42 | 0.7 |
| EPS (basic) | 21.78 | 9.82 | 3.44 |
| P/E Pre IPO | 62.54 | ||
| P/E Post IPO | 24.22 |
Company Financials In Crores
| Period Ended | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 1,096.0 | 511.3 | 252.3 | 221.8 |
| Revenue | 1,067.3 | 761.2 | 387.5 | 361.1 |
| Profit After Tax | 216.7 | 97.7 | 34.2 | 16.9 |
| Net Worth | 378.8 | 160.2 | 60.0 | 24.6 |
| Reserves and Surplus | 388.0 | 173.4 | 73.2 | 37.8 |
| Total Borrowing | 346.3 | 75.4 | 59.3 | 87.5 |
Company Overview
Incorporation: 2003
Business: Manufacturer and distributor of pumps for domestic, agricultural, and industrial applications.
Product Range:
Solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps
Electric motors, submersible winding wires & cables, electric panels
Key Highlights (as of 2024)
PM-KUSUM Scheme: Executed 26,270 turnkey solar pumping systems for states like Haryana, Rajasthan, Uttar Pradesh, and Maharashtra (as of Aug 31, 2024).
Manufacturing Facility: Located in Karnal, Haryana (41,076 sq. meters as of Mar 31, 2024).
Distribution Network:
636 distributors in India (up from 473 in 2022).
Exports to 17 countries (Asia-Pacific, Middle East, North Africa) between 2021-2024.
Workforce: 164 employees (as of Mar 31, 2024).
Growth & Expansion
Strong focus on solar pumps (aligned with govt. schemes like PM-KUSUM).
Expanding distribution & exports, indicating market diversification.
Strength
Government-Backed Growth: Strong execution under the PM-KUSUM scheme with 26,270 turnkey solar pump systems, aligning with national renewable energy goals.
Robust Distribution & Export Network: 636 distributors across India and exports to 17 countries indicate wide market reach and diversification.
Integrated Manufacturing: In-house production of pumps, motors, and accessories at a large facility in Haryana ensures quality control and operational efficiency.
Weakness
Dependence on PM Kusum Scheme: A large portion of revenue is derived from government-awarded contracts under the PM Kusum Scheme. Any reduction in government funding or failure to secure future bids may significantly affect operations.
High Agricultural Sector Exposure: Over 87% of operational revenue is linked to the agricultural sector. Any downturns or adverse conditions in agriculture could negatively impact business performance.
Geographic Concentration Risk: Major revenue comes from a few states—Haryana, Maharashtra, Uttar Pradesh, and Rajasthan. Regional disruptions in these areas could materially affect financial results.
Lead Manager(s)
Address
Oswal Estate NH-1,
Kutail Road, P. O. Kutail,
District Karnal,
Karnal, Haryana
Phone: +91 18 4350 0307
Email: investorrelations@oswalpumps.com
Website: http://www.oswalpumps.com/
Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083