Oswal Pumps
IPO is a
Book Building
IPO listing on BSE,NSE
exchange, with an ipo size of ₹ [●] Cr.
The company is based in Karnal
and caters to Solar
sector.
Axis Capital
,
Clsa India
,
Iifl Securities
,
Jm Financial
,
Nuvama Wealth Management
are the merchant bankers
of
Oswal Pumps
IPO. It is a
MainBoard Upcoming
IPO which filed its Draft Red Herring
Prospectus (DRHP) on
17th September 2024.
Oswal Pumps
IPO open date is
[●]
and close
date is
[●].
IPO Allotment Date is
[●]
and Listing date is
[●].
IPO Category : MainBoard Upcoming
Exchange :
BSE,NSE
Issue Type :
Book Building
Oswal Pumps
IPO Date
Oswal Pumps
IPO Info, Size, Subscription
Oswal Pumps
IPO size is ₹
[●]
with IPO price of
₹
[●].
IPO subscription will start on IPO open date and end on IPO close date as per
above.
IPO
valuation
metrics can be seen here.
IPO Size :
[●]
Issue Price:
[●]
Market Capitalisation :
[●]
PE multiple :
[●]
Subscription :
[●]
Pre Issue Promoter Holding :
97.83 %
Post Issue Promoter Holding :
[●]
Oswal Pumps
IPO Information
Sub Sector :
Oswal Pumps is the fastest growing vertically integrated solar pump manufacturers in India in terms of revenue growth during the last three fiscals, with their revenues growing at a CAGR of 45.07% between Fiscal 2022 and Fiscal 2024. Oswal Pumps manufacture solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which Oswal Pumps sell under the Oswal brand. Oswal Pumps have over 21 years of experience in pumps encompassing engineering, product design, manufacturing and testing. Oswal Pumps cater to the diverse requirements of end-users in the agricultural sector for irrigating fields; the residential sector for maintaining gardens and fountains, extracting water, supplying water to overhead tanks and cleaning households and small establishments; commercial premises such
Oswal Pumps is the fastest growing vertically integrated solar pump manufacturers in India in terms of revenue growth during the last three fiscals, with their revenues growing at a CAGR of 45.07% between Fiscal 2022 and Fiscal 2024. Oswal Pumps manufacture solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which Oswal Pumps sell under the Oswal brand. Oswal Pumps have over 21 years of experience in pumps encompassing engineering, product design, manufacturing and testing. Oswal Pumps cater to the diverse requirements of end-users in the agricultural sector for irrigating fields; the residential sector for maintaining gardens and fountains, extracting water, supplying water to overhead tanks and cleaning households and small establishments; commercial premises such as shopping malls, offices and hotels; industries which use their pumps in boilers and water treatment, water transportation and sewage applications and use their electric motors in machinery applications and cooling tower systems. Oswal Pumps has commenced its operations in 2003 with the manufacturing of low-speed monoblock pumps. Over the years, Oswal Pumps expanded their operations to manufacture grid-connected high-speed monoblock pumps, gridconnected submersible pumps and electric motors. In March 2019, the Government of India launched the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan Scheme (PM Kusum Scheme) with a total ' 344 billion (USD 4.1 billion) central financial support with the objective of installing 1.40 million standalone solar agriculture pumps in off-grid areas to provide energy security for farmers, reduce the consumption of diesel, promote the use of renewable energy in the agricultural sector and reduce environmental pollution. The PM Kusum Scheme also focuses on the solarization of 3.50 million existing grid-connected agricultural pumps and provides subsidies to individual farmers who have grid-connected pumps to retrofit their pumps with solar panels. Recognizing the benefits provided by the PM Kusum Scheme, Oswal Pumps decided to leverage their extensive experience in pump manufacturing and expanded their operations to manufacture solar powered agricultural pumps in 2019. Oswal Pumps started supplying these pumps to players participating and providing Turnkey Solar Pumping Systems (defined below) under the PM Kusum Scheme, including Tata Power Solar Systems Limited. Oswal Pumps also supplied pumps to certain vendors empanelled under the Mukhyamantri Saur Krushi Pump Yojana launched by the Government of Maharashtra in 2019. Subsequently, in 2021, Oswal Pumps started offering 233 turnkey solar pumping systems comprising solar powered agricultural pumps, solar modules, mounting structures, pump controllers and their installations (Turnkey Solar Pumping Systems), either directly or through third party bidders under the PM Kusum Scheme.
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Object of Issue
(Oswal Pumps
IPO Objectives)
- Funding certain capital expenditure of Company's;
- Investment in theirwholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for funding the setting up of new manufacturing units at Karnal, Haryana;
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by Company's
- Investment in theirwholly-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
- General corporate purposes
Axis Capital Limited
is the book-running lead manager of the
Oswal Pumps
IPO. [●] is the Registrar
for
Oswal Pumps
IPO.
Oswal Pumps
IPO Registrar (RTA)
[●]
Oswal Pumps
IPO Draft red herring prospectus (DRHP) and Red
Herring prospectus (RHP) are available below.
What is
Oswal Pumps
IPO?
Oswal Pumps
IPO, based in Karnal,
operates in the
Solar
sector with a
focus on
. The company is launching
its
MainBoard Upcoming
IPO
on
the BSE,NSE exchange, using
the
Book Building
Issue method.
Oswal Pumps
IPO size is ₹
[●]
with
fresh issue size of ₹
[●]
and Offer for sale being ₹
Nil
When is
Oswal Pumps
IPO allotment?
The IPO allotment date for
Oswal Pumps
IPO is expected to
be
[●],
after the finalization of basis of allotment. Investors can
check
Oswal Pumps
IPO allotment status on the registrars
website, [●].
Oswal Pumps
IPO refund dates are
[●].
When is
Oswal Pumps
IPO listing date?
Oswal Pumps
IPO is expected to be listed on
[●].
What is the price band for
Oswal Pumps
IPO?
The upper price band for the
Oswal Pumps
IPO is set at ₹ [●] per
equity share. IPO price band
is
arrived at on the basis of IPO
Valuation (P/E multiple) which is mentioned in the RHP.
What is
Oswal Pumps
IPO Review?
For IPO analysis on
Oswal Pumps
IPO, explore our Financial
Review Page for insights on
fundamentals, peer analysis, and key IPO data, assisting investors to
make
informed decisions to apply or not.
How to Apply for
Oswal Pumps
IPO?
To apply for the
Oswal Pumps
IPO, investors can use the
ASBA (Application Supported by Blocked Amount) process via their bank's
net
banking or apply through UPI using a registered broker or trading app.
The
IPO
is available in retail, HNI, and institutional investor categories.
Investors
must select the lot size, enter bid details within the price band, and
submit
their application before the IPO closing date of
[●].
After
submission, funds are blocked until the basis of allotment of
Oswal Pumps
IPO is finalised.
Who is the merchant banker of
Oswal Pumps
IPO?
The merchant banker for
Oswal Pumps
IPO is
Axis Capital Limited
,
Clsa India Private Limited
,
Iifl Securities Limited
,
Jm Financial Limited
,
Nuvama Wealth Management Limited
.
Axis Capital Limited
,
Clsa India Private Limited
,
Iifl Securities Limited
,
Jm Financial Limited
,
Nuvama Wealth Management Limited
manages the IPO process, including
underwriting,
regulatory compliance, and investor coordination. Investors can
refer to
the
Oswal Pumps
IPO RHP for further details.
Who is the Registrar of
Oswal Pumps
IPO?
The registrar for
Oswal Pumps
IPO is [●]. Investors can go to
[●] registrar website for IPO
allotment
status,
refund processing, and other
queries related to
Oswal Pumps
IPO through their official website or helpline.
What is the
Oswal Pumps
IPO subscription?
Oswal Pumps
IPO was subscribed [●]
times. Stay updated
on IPO details, subscription, and
allotment news for informed investment decisions.