The Oswal Pumps IPO will open for subscription on June 13, 2025, and close on June 17, 2025. It is a Book Built Issue, through which the company aims to raise approximately ₹1,387.34 crore, including a fresh equity issue worth ₹890 crore and an Offer for Sale (OFS) of up to 81,00,000 shares, each having a face value of ₹1.

The IPO price range is set between ₹584 and ₹614 per share. The allocation breakdown reserves 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). Oswal Pumps is expected to list on the BSE and NSE on June 20, 2025, while the share allotment is likely to be finalized on June 18, 2025.

In terms of financials, the company posted a revenue of ₹761.23 crore in FY 2024, compared to ₹387.47 crore in FY 2023. The net profit rose to ₹97.67 crore in 2024, from ₹34.2 crore in 2023. Based on these results, the IPO appears to be a favorable option for long-term investors.

Oswal Pump ranks among the top manufacturers of low-speed monoblock pumps in India. Leveraging their extensive experience in pump production, the company has now ventured into developing solar-powered pumping solutions. Their growth is backed by a highly skilled team of engineers and technicians, contributing to their steady rise in the industry.

Recognized as one of the leading providers of turnkey solar pumping systems in the country, Oswal Pump has the capacity to produce solar agricultural pumps, solar panels, pump controllers, and also offers end-to-end installation services.

The company emphasizes the importance of material selection in motor production, noting that the use of incorrect raw materials can lead to corrosion or damage. Hence, ensuring the use of high-quality components is a priority.

With a strong belief in sustainable growth and adherence to industry standards, Oswal Pump has significantly expanded its distribution network — from 473 distributors as of March 31, 2022, to 925 by December 31, 2024.

Objects of the Issue (JNK India IPO Objectives)

• To finance specific capital expenditure requirements of the Company.
• To provide funding to the wholly-owned subsidiary, Oswal Solar, through debt or equity, for establishing new manufacturing facilities in Karnal, Haryana.
• To partially or fully prepay or repay certain outstanding loans taken by the Company.
• To infuse capital into Oswal Solar, in the form of debt or equity, for the purpose of repaying or prepaying its existing borrowings, either in full or in part.
• To meet general corporate requirements.

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Oswal Pumps IPO Company Financial Report

Oswal Pumps IPO Company Financial Report