Oswal Pumps, a leading manufacturer of pumps and motors, witnessed robust demand for its initial public offering (IPO) as it achieved full subscription on the second day of bidding, Monday, June 16, 2025. The ₹1,387.34 crore IPO, combining a fresh issue and an offer-for-sale, has garnered significant interest from investors. Below, we dive into the key details, including price band, lot size, subscription status, and more.
Oswal Pumps IPO Subscription Status
As of 3:13 PM IST on June 16, 2025, the Oswal Pumps IPO received applications for 1,96,62,912 equity shares against the 1,62,12,980 shares offered, translating to a subscription rate of 1.21 times, according to consolidated data from the National Stock Exchange (NSE).
Non-Institutional Investors (NII): Subscribed 2.36 times, reflecting strong interest from high-net-worth individuals.
Retail Individual Investors (RII): Achieved 85% subscription, indicating steady participation from retail investors.
Qualified Institutional Buyers (QIB): Recorded 24% subscription, with expectations of increased activity in the coming days.
Oswal Pumps IPO: Key Details
Price Band and Lot Size
Price Band: ₹584 to ₹614 per share.
Lot Size: The minimum application size is 24 shares, requiring an investment of ₹14,736 at the upper end of the price band.
IPO Structure
The ₹1,387.34 crore IPO comprises:
Fresh Issue: ₹890 crore worth of equity shares to fund capital expenditures, investments, and debt repayment.
Offer-for-Sale (OFS): ₹497.34 crore, allowing existing shareholders to offload their stakes.
Utilization of Proceeds
The funds raised from the fresh issue will be allocated toward:
Capital expenditure for new manufacturing facilities at Karnal.
Investment in the wholly-owned subsidiary, Oswal Solar.
Debt repayment to strengthen the company’s balance sheet.
General corporate purposes to support operational growth.
Important Dates
Allotment Finalization: Expected on June 18, 2025.
Refund Initiation: Scheduled for June 19, 2025.
Demat Credit: Shares will be credited to successful investors’ Demat accounts on June 19, 2025.
Listing Date: The equity shares are set to list on the BSE and NSE on June 20, 2025.
About Oswal Pumps
Founded in 2003, Oswal Pumps initially focused on manufacturing low-speed monoblock pumps. Over the years, the company expanded its portfolio to include grid-connected submersible pumps and electric motors, establishing itself as a key player in the pump manufacturing industry. With a commitment to innovation and quality, Oswal Pumps has built a strong reputation in both domestic and international markets.
Financial Performance
Oswal Pumps has demonstrated impressive financial growth:
This robust financial performance underscores the company’s operational efficiency and market demand for its products.
IPO Management
The Oswal Pumps IPO is managed by:
Book-Running Lead Managers: Nuvama Wealth Management, IIFL Capital Services, CLSA India, Axis Capital, and JM Financial.
Registrar: MUFG Intime India.
Why Invest in Oswal Pumps IPO?
Strong Market Position: Oswal Pumps is a trusted name in the pump and motor industry with a growing product portfolio.
Robust Financials: Consistent revenue and profit growth highlight the company’s scalability and operational strength.
Strategic Fund Utilization: Investments in new manufacturing plants and renewable energy through Oswal Solar position the company for long-term growth.
Attractive Industry Outlook: The demand for efficient pumps and renewable energy solutions is on the rise, aligning with global sustainability trends.
Conclusion
The Oswal Pumps IPO has garnered significant traction, achieving full subscription on Day 2, driven by strong demand from non-institutional investors. With a competitive price band, solid financial performance, and a clear growth roadmap, the IPO presents an attractive opportunity for investors looking to tap into the pump and renewable energy sectors. Investors should keep an eye on the allotment and listing dates to stay updated on their application status.
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