Oswal Pumps Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 11,297,556 (50%) | — | ₹69,367 Cr |
| NII (HNI) | — | 3,389,268 (15%) | — | ₹20,810 Cr |
| Retail | — | 7,908,290 (35%) | — | ₹48,557 Cr |
| Σ Total | — | 22,595,114 (100%) | — | ₹1,387,340 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 24 | ₹14,736 |
| Retail (Max) | 13 | 312 | ₹191,568 |
| S-HNI (Min) | 14 | 336 | ₹206,304 |
| B-HNI (Min) | 67 | 1,608 | ₹987,312 |
Financial Statements Amount in Crore
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 1,067 | 761 | 387 |
| EBITDA | 321 | 150 | 58 |
| Profit After Tax | 217 | 98 | 34 |
| Net Worth | 379 | 160 | 60 |
| Total Assets | 1,096 | 511 | 252 |
| Reserves & Surplus | 388 | 173 | 73 |
| Total Borrowing | 346 | 75 | 59 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding certain capital expenditure of the Company. – 89.86
- 2 Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for funding the setting up of new manufacturing units at Karnal, Haryana. – 272.76
- 3 Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company. – 280.00
- 4 Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar. – 31.00
- 5 General corporate purposes. –
Company Overview
Incorporated in 2003, Oswal Pumps Limited is a manufacturer and distributor of pumps. The company offers a diverse range of products catering to domestic, agricultural, and industrial applications, including solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires & cables, and electric panels.
As of August 31, 2024, the company had executed orders for 26,270 turnkey solar pumping systems directly under the PM-KUSUM Scheme for several states, including Haryana, Rajasthan, Uttar Pradesh, and Maharashtra.
The company operates a manufacturing facility located in Karnal, Haryana, which covers a total land area of 41,076 square meters as of March 31, 2024.
The company has a growing network of distributors across India, increasing from 473 distributors as of March 31, 2022, to 636 distributors as of March 31, 2024. Further, between April 1, 2021, and March 31, 2024, Oswal Pumps exported its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.
As of March 31, 2024, the company had a team of 164 employees.