Oswal Pumps To Launch Rs 1,387 Crore IPO On June 13; Check Details Here
The IPO consists of a fresh issue of 1.45 crore equity shares valued at Rs 890 crore, alongside an offer for sale (OFS) of 81 lakh shares amounting to Rs 497.34 crore
Oswal Pumps Limited, a key manufacturer in India’s solar pump industry, is gearing up to launch its initial public offering (IPO), opening for subscription between June 13 and June 17, 2025. The company aims to mobilise Rs 1,387.34 crore through this public issue.
The IPO consists of a fresh issue of 1.45 crore equity shares valued at Rs 890 crore, alongside an offer for sale (OFS) of 81 lakh shares amounting to Rs 497.34 crore. Following the completion of the subscription process, the company’s shares are expected to be listed on both the BSE and NSE, with a tentative listing date of June 20, 2025.
Price Band And Investment Details
The price band for the IPO has been fixed between Rs 584 and Rs 614 per share, with a minimum lot size of 24 shares for retail participants. This brings the minimum investment value to Rs 14,016, though applying at the cutoff price is recommended to ensure allocation in case of oversubscription. At Rs 614, the total amount per lot would be approximately Rs 14,736.
For high-net-worth individuals, the structure is categorised as:
- sNII (Small HNIs): Minimum investment of 14 lots (336 shares), translating to Rs 2,06,304.
- bNII (Big HNIs): Minimum investment of 68 lots (1,632 shares), amounting to Rs 10,02,048.
Company Profile And Sectoral Focus
Founded in 2003, Oswal Pumps is known for manufacturing solar pump solutions across domestic, agricultural, and industrial segments. Its main production facility, based in Karnal, Haryana, spans over 41,000 square metres. By August 31, 2024, the company had successfully deployed 26,270 turnkey solar pump systems under the PM-KUSUM scheme across several Indian states, enhancing its presence in the renewable energy space.
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IPO Timeline And Market Sentiment
The IPO allotment is likely to be finalised on June 18, 2025. IIFL Capital Services Limited and Axis Capital Limited are leading the book-running process, while MUFG Intime India Private Limited has been appointed as the registrar.
Investor sentiment appears optimistic, as reflected in the latest grey market premium (GMP) of Rs 67, indicating a possible listing price of Rs 681 and an expected gain of 10.91 per cent per share.
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