Oswal Pumps
Book Building issueMainboardNSE₹1,387 Cr issue
+2.93%
Listing gain over issue price
Issue size
₹1,387 Cr
1 lot at cut-off
₹14,736
Lot size
24shares
Open
13 Jun 2025
Close
17 Jun 2025
Allotment
18 Jun 2025
Listing
20 Jun 2025
Listing performance
Issue price
₹614
Listed at
₹632
Listing-day close
₹625.35
Latest price
₹219.35
Close on 23 Oct 2026
Listing gain
+2.93%
Return since issue
-64.28%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 13 Jun 2025 – 17 Jun 2025
- Listing date
- 20 Jun 2025
- Face value
- ₹1 per share
- Issue price
- ₹614 per share
- Lot size
- 24 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹1,387 Cr
- Market cap at offer price
- ₹6,998 Cr
- Promoter holding
- 94.84% → 75.68% pre-issue → post-issue
- ISIN
- INE0BYP01024
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- IIFL Capital Services Ltd.
- Registered office
- Oswal Estate NH-1, Kutail Road, P.O.Kutail, District Karnal, Haryana
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 67,78,533 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 24 shares per lot, in multiples, at ₹614
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 24 | ₹14,736 |
| Retail (max) | 13 | 312 | ₹1,91,568 |
| S-HNI (min) | 14 | 336 | ₹2,06,304 |
| S-HNI (max) | 67 | 1,608 | ₹9,87,312 |
| B-HNI (min) | 68 | 1,632 | ₹10,02,048 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
67,78,533
Anchor portion
₹416 Cr
at ₹614 per share
Valuation and performance
Valuation at offer price
₹614 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 9.82 | 25.35 |
| P/E (×) | 62.53 | 24.22 |
| Price to book (×) | 38.14 | — |
| Market cap | — | ₹6,998 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 88.73%
- ROCE
- 81.85%
- Debt / equity
- 0.42
- PAT margin
- 12.83%
- EBITDA margin
- 19.79%
- NAV per share
- ₹16.10
- Price to book
- 38.14
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Oswal Pumps
Oswal Pumps Limited, incorporated on July 15, 2003, is a manufacturer of solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, and solar modules sold under the 'Oswal' brand. The company has over 22 years of experience in pumps encompassing engineering, product design, manufacturing, and testing. It operates two manufacturing facilities in Karnal, Haryana: one dedicated to pumps and motors production, and another to solar modules manufacturing. The company generates significant revenues from supply of Turnkey Solar Pumping Systems (comprising solar pumps, modules, mounting structures, controllers and installation) to government entities under the PM Kusum Scheme, with agricultural sector revenues representing 96.55% of revenue from operations in the nine months ended December 31, 2024. Oswal Pumps has wholly-owned subsidiaries Oswal Solar Structure Private Limited and Oswal Green Industries Private Limited, and holds a 38.50% stake in associate Walso Solar Solution Private Limited.
Company Analysis
from RHPOswal Pumps manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors, and solar modules for agricultural, residential, and industrial sectors.
Oswal Pumps Limited, incorporated on July 15, 2003, is a manufacturer of solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, and solar modules sold under the 'Oswal' brand. The company has over 22 years of experience in pumps encompassing engineering, product design, manufacturing, and testing. It operates two manufacturing facilities in Karnal, Haryana: one dedicated to pumps and motors production, and another to solar modules manufacturing. The company generates significant revenues from supply of Turnkey Solar Pumping Systems (comprising solar pumps, modules, mounting structures, controllers and installation) to government entities under the PM Kusum Scheme, with agricultural sector revenues representing 96.55% of revenue from operations in the nine months ended December 31, 2024. Oswal Pumps has wholly-owned subsidiaries Oswal Solar Structure Private Limited and Oswal Green Industries Private Limited, and holds a 38.50% stake in associate Walso Solar Solution Private Limited.
Pump manufacturingElectric motorsSolar energy equipmentAgricultural sector equipmentRenewable energy
Objects of the Issue
- Funding certain capital expenditure of our Company ₹898.60 million p.25
- Investment in wholly-owned Subsidiary Oswal Solar, in the form of equity, for funding the setting up of new manufacturing units at Karnal, Haryana ₹2,727.58 million p.25
- Pre-payment/re-payment, in part or full, of certain outstanding borrowings availed by our Company ₹2,800.00 million p.25
- Investment in wholly-owned Subsidiary Oswal Solar, in the form of equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar ₹310.00 million p.25
- General corporate purposes p.25
- Funding certain capital expenditure of our Company p.75
- Investment in our wholly-owned Subsidiary, Oswal Solar, in the form of equity for funding the setting up of new manufacturing units at Karnal, Haryana p.75
- Pre-payment/re-payment, in part or full, of certain outstanding borrowings availed by our Company ₹2,800.00 million p.75
- Investment in our wholly-owned Subsidiary, Oswal Solar, in the form of equity for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar ₹310.00 million p.75
- General corporate purposes p.75
- Funding certain capital expenditure of our Company ₹898.60 million p.128
- Investment in wholly-owned Subsidiary, Oswal Solar, in the form of equity, for funding the setting up of new manufacturing units at Karnal, Haryana ₹2,727.58 million p.142
- Pre-payment/re-payment, in part or full, of certain outstanding borrowings availed by our Company ₹2,800.00 million p.157
- Investment in wholly-owned Subsidiary, Oswal Solar, in the form of equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar ₹310.00 million p.159
- General corporate purposes [●] p.162
- Funding certain capital expenditure - No-Bake Casting Process and Aluminium Heat Sink Die Casting for backward integration in pump manufacturing value chain ₹898.60 million p.278
- Investment in wholly-owned Subsidiary Oswal Solar for setting up aluminium extrusion unit ₹433.59 million (excluding civil work) p.280
- Investment in wholly-owned Subsidiary Oswal Solar for setting up EVA manufacturing unit ₹268.07 million (excluding civil work) p.280
- Investment in wholly-owned Subsidiary Oswal Solar to increase solar module manufacturing capacity by 1,500 MW ₹1,536.60 million (excluding civil work) p.280
- Increase installed capacity for solar modules by 1,500 MW to support demand for solar pumps and meet growing demand for solar modules in Indian and global markets ₹ 2,727.58 million (from Net Proceeds) p.433
- Enhance backward integration capabilities for solar modules by producing aluminium extrusion frames, ethylene-vinyl acetate, junction box back sheet and on-grid inverters p.433
- Introduce range of industrial pumps and electric motors to meet diverse needs of industries p.433
- Repay or prepay all or a portion of certain outstanding borrowings p.429
- Not specified in this part of the document
Issue Structure
- Total Issue
- Up to [●] equity shares of face value ₹1 each aggregating up to ₹[●] million
- Fresh Issue
- Up to [●] equity shares of face value ₹1 each of our Company aggregating up to ₹8,900.00 million
- Offer for Sale
- Up to 8,100,000 equity shares of face value ₹1 each of our Company aggregating up to [●] million
- Price Band
- [●] per Equity Share (Floor Price) to [●] per Equity Share (Cap Price)
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹1 each
Business Model
The company manufactures and sells solar-powered and grid-connected pumps, electric motors, and solar modules. It earns revenue primarily through: (1) supply of Turnkey Solar Pumping Systems to government entities under the PM Kusum Scheme (₹7,732.07 million or 78.50% of adjusted revenue from operations in nine months ended December 31, 2024); (2) supply of solar pumps, modules and components to PM Kusum Scheme participants (₹862.38 million or 8.76% in same period); (3) sale of pumps and motors to agricultural, residential and industrial end-users through a distributor network of 925 distributors as of December 31, 2024; and (4) manufacturing and sale of solar modules (₹813.97 million or 8.26% of adjusted revenue from operations in nine months ended December 31, 2024).
Business Segments
Supply of solar-powered agricultural pumps, solar modules, mounting structures, pump controllers and their installations directly to government entities under the PM Kusum Scheme (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan Scheme)
Supply of solar pumps, solar modules, mounting structures and balance of systems kits (without installation services) to other players participating in the PM Kusum Scheme
Manufacture and sale of solar-powered and grid-connected submersible and monoblock pumps, and electric motors to agricultural, residential and industrial end-users through a distributor network
Manufacturing of solar modules through wholly-owned subsidiary Oswal Solar Structure Private Limited, with installed annual capacity of 570 MW as of December 31, 2024
Manufacturing and sale of monoblock pumps, submersible pumps and electric motors
Manufacturing of solar modules through wholly-owned subsidiary Oswal Solar
Manufactures stainless steel pumps, cast iron pumps, stainless steel motors and cast iron motors for agricultural and industrial applications
Wholly-owned subsidiary Oswal Solar manufactures PV solar modules with existing annual installed production capacity of 570 MW
Manufacturing and supply of solar-powered agricultural pumps under the PM Kusum Scheme
Manufacturing and supply of submersible pumps for irrigation and water extraction
Manufacturing and supply of centrifugal pumps for various industrial and agricultural applications
Solar-powered submersible agricultural pumps, motors, solar modules, mounting structures, pump controllers and installation services
Solar-powered monoblock agricultural pumps, motors, solar modules, mounting structures, pump controllers and installation services
Solar-powered submersible pumps consisting of primarily stainless steel pumps and motors
Grid-connected submersible pumps consisting of stainless steel pumps and motors
Stainless steel and cast iron motors for industrial machinery applications and cooling tower systems
Pumps and motors for irrigating fields
Pumps for maintaining gardens and fountains, extracting water, supplying water to overhead tanks and cleaning households
Pumps and electric motors used in boilers, water treatment, water transportation, sewage applications and machinery applications
Solar submersible pumps are submerged in the fluid and do not require priming. Power range 1 HP to 25 HP.
Solar monoblock pumps are installed on the surface. Power range 3 HP to 20 HP.
Grid-connected submersible pumps are submerged in the fluid and do not require priming (0.5 HP to 40 HP). Grid-connected monoblock pumps are installed on the surface (0.5 HP to 15 HP).
Induction motors are a type of alternating current electric motors. Power range 0.5 HP to 75 HP.
Submersible motors are specifically designed to operate underwater. Power range 0.5 HP to 150 HP.
Manufacturing of solar photovoltaic modules.
Export of manufactured pumps and related equipment
Domestic sale of manufactured submersible pumps, monoblock pumps and related equipment
Sale of trading goods
Installation, commissioning and after-sales support services
Supply of turnkey solar pumping systems directly and indirectly for government schemes such as PM Kusum Scheme
Export of solar pumps and related products
Sales through distribution network and other domestic customers
Manufacture and sale of pumps and motors including turnkey solar pumping systems, institutional water pumps, and traded goods
SWOT Analysis
Strengths
- • Strong market position in PM KUSUM Scheme(p.47)
- • Vertically integrated manufacturing capabilities(p.47)
- • Strong brand presence and recognition(p.47)
- • Strong revenue growth(p.57)
- • Strong profitability growth(p.57)
- • Leading solar agricultural pump supplier under PM-KUSUM scheme(p.166)
- • Vertically integrated manufacturing with end-to-end control(p.224)
- • Strong engineering and design capabilities(p.166)
- • Comprehensive product portfolio across multiple specifications(p.166)
- • Strong presence in major agricultural states and growing expansion(p.166)
- • Extensive distribution network serving diversified customer base(p.166)
- • Experienced promoter and senior management team(p.166)
- • Exceptional return on net worth performance(p.167)
- • Fastest-growing vertically integrated solar pump manufacturer with 45.07% CAGR revenue growth (FY22-24)(p.261)
- • One of the largest suppliers of solar agricultural pumps under PM KUSUM Scheme with ~38% market share of installed pumps(p.262)
- • Fully integrated end-to-end capability manufacturing solar pumps, modules, controllers and providing installation services(p.262)
- • One of the only integrated solar pump manufacturers compared to competitors providing comprehensive solutions across full spectrum(p.225)
- • Second highest EBITDA margin among peers in FY24(p.269)
- • Extensive distribution network of 925 distributors across India with strong presence in major agricultural states(p.275)
- • Strong manufacturing facility in Karnal, one of India's largest single-site pump manufacturing facilities strategically located near major agricultural states(p.263)
- • Strong revenue growth from government projects(p.400)
- • Significant expansion of manufacturing capacity and assets(p.385)
- • Substantial improvement in profitability(p.360)
- • Significant revenue growth from government-backed PM Kusum Scheme with strong market penetration(p.433)
- • Extensive distribution network with 925 distributors across India(p.433)
- • Improving operational efficiency with declining cost of goods sold as percentage of revenue(p.435)
- • Strong gross margin expansion driven by Turnkey Solar Pumping Systems supply(p.435)
- • Backward integration through solar module manufacturing to enhance supply chain control(p.433)
- • Strong financial performance with growing EBITDA and profitability(p.448)
- • Strong revenue growth driven by PM Kusum Scheme(p.453)
- • High profitability with expanding margins(p.456)
- • Significant increase in institutional customer sales(p.454)
- • Rapid operating profit growth(p.480)
Weaknesses
- • Significant revenue concentration from PM Kusum Scheme contracts with no assurance of continued government funding or future contract awards(p.37)
- • Heavy dependence on agricultural sector performance which accounts for over 87% of revenue(p.39)
- • Geographic concentration of sales in four states creates regional vulnerability(p.40)
- • Heavy customer concentration with top 10 customers representing 78.87% of revenue(p.40)
- • All manufacturing facilities concentrated in single location in Karnal, Haryana(p.41)
- • Limited experience in solar module manufacturing with risk of unsuccessful capacity expansion(p.42)
- • Significant debt obligations with multiple covenants and security requirements(p.44)
- • Subsidiary companies have incurred losses with potential for future losses(p.45)
- • Heavy reliance on raw material suppliers with no long-term supply agreements(p.46)
- • Top 10 suppliers represent 64.72% of materials consumed creating supply chain concentration(p.46)
- • High reliance on few suppliers for raw materials(p.47)
- • Behind competitors on key financial metrics(p.47)
- • High working capital requirements and increasing working capital cycle(p.48)
- • Rapidly increasing trade receivables(p.49)
- • Negative cash flows from operations in recent period(p.67)
- • Limited experience in solar cell procurement(p.49)
- • Material Subsidiary with limited operating history(p.56)
- • History of statutory dues payment delays(p.54)
- • Litigation involving promoters(p.50)
- • Under-utilization of manufacturing capacity(p.67)
- • High cash conversion cycle relative to peers(p.172)
- • Significant increase in total borrowings post-acquisition(p.172)
- • Increased net debt to EBITDA ratio(p.172)
- • Relatively small scale compared to established peers(p.174)
- • High dependence on PM KUSUM Scheme government subsidy with 87.26% of revenue from this scheme in 9MFY25(p.262)
- • Significant working capital requirement due to upfront costs for government orders and risk of subsidy payment delays(p.260)
- • Recently entered solar module manufacturing business with potential execution and market risks(p.272)
- • Cash conversion cycle worsened to 142 days in 9MFY25 from 91 days in FY24(p.264)
- • High current borrowings relative to total debt(p.397)
- • Rapid increase in trade receivables indicating collection challenges(p.391)
- • Significant provision for expected credit loss on receivables(p.391)
- • Heavy dependence on working capital financing from banks(p.397)
- • High financial indebtedness with substantial borrowing obligations(p.450)
- • Material dependence on a few large government customers(p.406)
- • Non-compliance with women director appointment requirements(p.403)
- • Significant contingent liabilities including GST disputes(p.403)
- • Liquidity risk from working capital facilities that may be drawn on demand(p.412)
- • Heavy dependence on top 10 customers(p.466)
- • Significant cash outflow from operating activities(p.459)
- • High finance costs and growing debt burden(p.455)
- • Large increase in trade receivables(p.459)
- • Provision for expected credit losses indicating collection risk(p.459)
Opportunities
- • Growing demand for solar-powered agricultural pumps under PM KUSUM Scheme(p.47)
- • Strategy to introduce new products in industrial pumps and electric motors(p.54)
- • Expansion of solar module manufacturing and distribution(p.56)
- • Growing presence in major agricultural states(p.47)
- • Expansion into export markets(p.63)
- • Massive solar pump market expansion driven by PM-KUSUM scheme(p.220)
- • Large untapped market for solar pump adoption among Indian farmers(p.221)
- • Replacement market for existing diesel and grid-connected pumps(p.221)
- • Strong government support and incentives for renewable energy(p.223)
- • Expansion of industrial and residential solar pump segments(p.220)
- • Strong global pump market growth trajectory(p.200)
- • Vast untapped solar pump market in India with 144 million farmers, 114 million without pump access(p.266)
- • Large replacement pump market in India estimated at ₹80 billion FY25, growing to ₹150 billion by FY30 at 13.4% CAGR(p.266)
- • PM KUSUM Scheme targets 1.4 million standalone solar pumps with only 0.77 million installed as of March 31, 2025(p.266)
- • Global solar pump market growing at 19.5% CAGR from 2024-2029, reaching ₹700 billion by 2029(p.266)
- • India's solar module manufacturing capacity expected to reach 150 GW by 2026 from 85.5 GW in 2024(p.280)
- • Industrial pump market in India growing at 11.8% CAGR from ₹105.5 billion FY25 to ₹177.6 billion by FY30(p.281)
- • Expansion into government-backed solar pump projects(p.400)
- • Growing export market presence(p.400)
- • Service revenue expansion opportunity(p.400)
- • Expansion of solar module manufacturing capacity by 1,500 MW to capture growing market demand(p.433)
- • Backward integration into component manufacturing including aluminum extrusions, EVA, junction boxes and inverters(p.433)
- • Diversification into industrial pumps and electric motors market(p.433)
- • Growth potential from PM Kusum Scheme extension and expansion of solar penetration(p.433)
- • Expansion of distributor network to increase market penetration(p.433)
- • Expansion in Turnkey Solar Pumping Systems under PM Kusum(p.454)
- • Growth in institutional customer segment(p.458)
Threats
- • Risk of PM Kusum Scheme termination or reduced government funding(p.38)
- • Adverse changes in agricultural sector conditions(p.39)
- • Regional disruptions in key states of Haryana, Maharashtra, Uttar Pradesh and Rajasthan(p.40)
- • Natural calamities and disasters in Karnal, Haryana manufacturing region(p.42)
- • Risk of delays or cancellations in government-awarded Turnkey Solar Pumping Systems orders(p.45)
- • Interest rate fluctuations affecting borrowing costs(p.44)
- • Potential new competition from foreign companies if PM Kusum restrictions removed(p.38)
- • Government payment delays and regulatory scrutiny(p.38)
- • Intense competition from established players in pump industry(p.47)
- • Volatility in copper and solar cell prices(p.49)
- • Counterparty credit risk from customers and government entities(p.48)
- • Regulatory and environmental compliance risks(p.50)
- • Challenges in solar pump and solar module markets(p.58)
- • Manufacturing facilities operating risks including force majeure(p.64)
- • Dependence on third-party transportation providers(p.66)
- • Exchange rate fluctuations affecting export business(p.70)
- • Dependence on senior management, especially Promoter Managing Director(p.65)
- • Economic slowdown and changing business environment(p.57)
- • Reliance on government incentive schemes(p.72)
- • Changes in labour costs and availability(p.65)
- • Dependence on government subsidies and PM-KUSUM scheme(p.223)
- • Solar panel cost volatility and supply chain risks(p.223)
- • Competition from established larger pump manufacturers(p.219)
- • Sector-wide knowledge gaps and awareness limitations(p.223)
- • Regulatory and policy changes affecting sector incentives(p.191)
- • Monsoon dependency and agricultural sector cyclicality(p.204)
- • Foreign exchange and input cost volatility(p.196)
- • Rising input prices for steel, copper and other raw materials impacting customer costs and adoption(p.226)
- • Solar pump adoption hindered by subsidies on farm electricity making energy-efficient alternatives less attractive(p.226)
- • Competition from global players, especially European and Chinese companies in export markets(p.226)
- • Fragmented domestic market with numerous small manufacturers undercutting prices(p.226)
- • Government scheme implementation delays and actual pump installation dependent on farmer beneficiary interest(p.265)
- • Significant upfront capital requirements and skilled workforce shortage in solar and pump manufacturing(p.260)
- • Concentration of revenue in government projects creates policy risk(p.400)
- • Exposure to foreign exchange fluctuation in export business(p.401)
- • Rising finance costs impacting profitability(p.401)
- • PM Kusum Scheme expiration and uncertainty over government extension(p.433)
- • Volatility in raw material prices and foreign exchange risk(p.434)
- • Risk of oversupply in solar modules market affecting production volumes and realized margins(p.433)
- • Exposure to foreign exchange risk on unhedged USD transactions(p.413)
- • Interest rate risk on floating rate borrowings(p.412)
- • Loss of major customers could severely impact revenue(p.36)
- • Commodity price volatility affecting raw materials(p.464)
- • Foreign exchange exposure from exports(p.464)
- • Regulatory and compliance risks from multiple authorities(p.470)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Vivek Gupta | Promoter/Promoter Selling Shareholder | 25.17% | — |
| Amulya Gupta | Promoter | — | — |
| Shivam Gupta | Promoter | — | — |
| Shorya Trading Company Private Limited | Promoter Group | 54.81% | — |
| Ess Aar Corporate Services Private Limited | Promoter Group | 17.68% | — |
| Singh Engcon Private Limited | Promoter Group | — | — |
| Vivek Gupta | Promoter | 25.17% | — |
| Amulya Gupta | Promoter | — | — |
| Shivam Gupta | Promoter | — | — |
| Shorya Trading Company Private Limited | Promoter | 54.81% | [●] |
| Vivek Gupta | Promoter | 25.17% | [●] |
| Ess Aar Corporate Services Private Limited | Promoter | 17.68% | [●] |
| Padam Sain Gupta | Promoter | — | — |
| Vivek Gupta | Promoter | — | — |
| Radhika Gupta | Promoter | — | — |
| Prem Lata | Promoter | — | — |
| Ess Aar Corporate Services Private Limited | Promoter Group | — | — |
| Shorya Trading Company Private Limited | Promoter Group | — | — |
| Vivek Gupta | Promoter | — | — |
| Padam Sain Gupta | Promoter (Founder) | — | — |
| Vivek Gupta | Promoter/Chairman and Managing Director | 25.17% | — |
| Amulya Gupta | Promoter/Whole-time Director | — | — |
| Shivam Gupta | Promoter/Whole-time Director | — | — |
| Shorya Trading Company Private Limited | Corporate Promoter | — | — |
| Ess Aar Corporate Services Private Limited | Corporate Promoter | — | — |
| Singh Engcon Private Limited | Corporate Promoter | — | — |
| Shorya Trading Company Private Limited | Promoter | 54.81% | — |
| Mr. Vivek Gupta | Promoter | 25.34% | — |
| Ess Aar Corporate Services Private Limited | Promoter | 17.68% | — |
| Vivek Gupta | Promoter/Key Management Personnel | — | — |
| Amulya Gupta | Promoter/Key Management Personnel | — | — |
| Shorya Trading Company Private Limited | Holding Company | — | — |
| Vivek Gupta | Promoter Selling Shareholder | — | — |
| Vivek Gupta | Promoter Selling Shareholder | — | — |
Leadership
Vivek Gupta · Chairman and Managing Director
Subodh Kumar · Chief Financial Officer
Anish Kumar · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Oswal Pumps IPO FAQs
What is the lot size of Oswal Pumps IPO?
The minimum lot size of Oswal Pumps IPO is 24 shares. One lot costs ₹14,736 at the cut-off price.
When does Oswal Pumps IPO open and close?
Oswal Pumps IPO opened for subscription on 13 Jun 2025 and closed on 17 Jun 2025.
What is the listing date of Oswal Pumps IPO?
Oswal Pumps IPO listed on 20 Jun 2025.