It has set the bidding range at Rs 584-614 per share for its forthcoming Rs 1387.34 crore IPO.
Investors can start placing their offers between 13th June and 17th June. The tentative list will be published thereafter on June 18, in both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
A new equity offering worth Rs 890 crore and an offer for sale worth Rs 497.34 crore has been elevated by Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited.
The company is assessing carrying out a pre-IPO placement, i.e., selling some shares to large investors before raising money from the public.
Bid Lots and Investor Categories
Oswal Pump IPO
IPO Open- 13th-17th June
Issue Size: 1363-1387 Cr
Price Band: 584-614
Fresh Issue: 890 Cr
OFS: 497 Cr
Revenue- FY23 ₹385 crore, to ₹758 crore in FY24.
PAT – FY23 was 34 crore to FY24 ₹97 crore.OPL
manufactures solar-powered and grid-connected… pic.twitter.com/6Zf4IRdm1U— Sumit Mehrotra (@SumitResearch) June 11, 2025
The minimum bid lot for the retail investors is 24 shares, which converts to Rs 14016. However, due to surging demand, investors are urging to bid at the cutoff price which is Rs 614. The minimum bid lot varies from big NII’s to small NII’s. For the big Non-institutional investors the lowest bid is 68 lots, which sums upto 1632 shares and for the small NII’s it is 14 which sums up to 336 shares.
The IPO is segregated among various investor categories. Up to 50% of the net offer is allocated for Qualified Institutional Buyers (QIB’s) like banks and mutual funds. 15% is reserved for NII’s and 35% for Retail individual Investors (RII’s).
Several financial firms like IIFL Capital, Axis capital, CLSA India are assisting in planning and running the IPO. MUFG Intime india is entrusted with the work of handling collecting investor applications, and queries related to issues and shares.
The grey market premium or the GMP of Oswal Pumps’s IPO has been quite impressive with more and more investors eager to put in money above the IPO price.
Intention behind Oswal Pumps IPO
Oswal Pumps Ltd is bringing to market its IPO because it wants to boost its production through new financial investments by developing new manufacturing units. With increased production, it will enable them to allocate more capital in implementing solar-powered pumps which is also beneficial for sustainability. Besides, it gets to repay its debts and strengthen the financial hold over the company. It is also looking forward to technological advancements and marketing.
Know about Oswal Pumps Ltd
Oswal Pumps Limited is an Indian solar pump manufacturing company founded in 2003.
It constructs solar powered water pumps to facilitate agriculture, thereby promoting sustainability. The company is run by a dedicated team which comprises Vivek Gupta, Amulya Gupta, Shivam Gupta along with three other corporate entities.
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