Oswal Pumps IPO To Open On June 13: Check Price Band, Key Dates, Lot Size, Quota, Other Details

Last Updated:June 10, 2025, 16:00 IST

Oswal Pumps’ IPO opens on June 13, 2025, with a price band of Rs 584-614 per share. The Rs 1,387.34-crore IPO includes a fresh issue of Rs 890 crore and an OFS of Rs 497.34 crore.

Oswal Pumps IPO To Open On Friday: Oswal Pumps, a leading manufacturer of submersible and solar-powered pumps, is all set to launch its initial public offering (IPO) on June 13, 2025, with the price band fixed at Rs 584 to Rs 614 per share. The public issue will close on June 17, offering investors a chance to participate in the company’s next phase of expansion and growth.

The Rs 1,387.34-crore IPO comprises two parts — a fresh issue of shares worth Rs 890 crore, and an offer-for-sale (OFS) of 81 lakh equity shares, aggregating up to Rs 497.34 crore (at the upper price band), by promoter Vivek Gupta.

The proceeds from the fresh issue will be used to fund capital expenditure plans, invest in its wholly-owned subsidiary Oswal Solar, establish new manufacturing facilities in Karnal, Haryana, repay debt, and for general corporate purposes.

Key Dates

• IPO Opening Date: June 13, 2025
• IPO Closing Date: June 17, 2025
• Allotment Finalisation: June 18, 2025
• Refunds Initiation: June 19, 2025
• Shares Credit to Demat: June 20, 2025
• Listing on Stock Exchanges: June 21, 2025 (Tentative).

Lot Size & Quota

On the minimum lot size and retail investment amount, investors need to apply for at least a lot, consisting of 24 shares.

A total of 50% for qualified institutional buyers (QIBs), 35% for retail individual investors (RIIs), and a 15% for non-institutional investors (NIIs).

About Oswal Pumps

Founded in 2003, Oswal Pumps started with low-speed monoblock pumps and has since diversified into manufacturing:

• Solar-powered and grid-connected submersible and monoblock pumps
• Electric motors, including induction and submersible variants
• Solar modules under the ‘Oswal’ brand.

The company serves critical infrastructure sectors and has become a major player in both domestic and industrial pump solutions.

Financial Highlights

Oswal Pumps has reported following financials:

This reflects a 97% increase in revenue and nearly 3x jump in profit over the previous year — underscoring its strong operational performance ahead of the IPO.

Book-Running Lead Managers

The IPO is being managed by top-tier investment banks — IIFL Securities, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More

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