Oswal Pumps IPO: Price, Dates, Allotment, Peer Analysis, GMP, Industry overview, Financials
IPO Details
IPO Open
13 June 2025
IPO Close
17 June 2025
Price Band
₹584 – ₹614
Issue Size
₹1,387.34 Cr
Listing on
BSE, NSE
Min. Lot Size
24
Face value
₹1
GMP
₹82
IPO Timeline
IPO Open
13 June 2025
IPO Close
17 June 2025
Allotment
18 June 2025
Refund initiation
19 June 2025
Demat transfer
19 June 2025
Listing
20 June 2025
Key Performance Indicators
Market Cap
₹6998.21 Cr
P/E
62.54
EPS
₹9.82
RoNW
88.73%
ROCE
81.85%
Sector
Sector
Introduction
Oswal Pumps is launching an IPO (June 13-17, 2025) to raise ₹1,387 Cr (price ₹584-₹614/share). The funds will primarily be used for expansion, debt repayment, and subsidiary investment. The company is a fast-growing solar pump manufacturer, heavily reliant on the PM-KUSUM scheme, with strong financials (high RoNW/ROCE) and a pre-IPO promoter holding of ~99.9% (diluting to ~80% post-IPO)
About Oswal Pumps Limited
Oswal Pumps Limited, established in 2003 and later converted to a public limited company in 2006, has emerged as a significant entity within the Indian pump industry. Headquartered in Karnal, Haryana, the company specializes in manufacturing and supplying a comprehensive range of pumps, electric motors, and allied components, with a particularly strong strategic emphasis on solar pumping solutions.
Oswal Pumps Limited’s top-selling products and categories are:
- Turnkey Solar Pumping Systems: This is their absolute top revenue generator, contributing over 85% of their operational revenue. These systems include solar-powered submersible and monoblock pumps, integrated with solar modules and installation services, primarily supplied under the PM-KUSUM Scheme.
- Solar Submersible Pumps: A core component of their turnkey systems and also sold individually. These are highly popular for borewell applications due to their efficiency and reliance on renewable energy.
- Solar Monoblock Pumps: Another key part of their solar offerings, suitable for various surface-level water pumping needs.
- Electric Motors (especially submersible and induction types): Manufactured in-house, these are integral to their pump sets and likely also sold as standalone components.
- Conventional Submersible and Monoblock Pumps: While solar is dominant, their traditional pump lines for domestic, agricultural, and industrial use remain an important part of their portfolio, having been their initial products since 2003.
Oswal Pumps’ growth is primarily driven by:
- PM-KUSUM Scheme Dominance: A major beneficiary and leading supplier of solar agricultural pumps under this key government initiative, accounting for over 85% of recent revenue.
- Booming Solar Pump Market: Capitalizing on India’s push for renewable energy and sustainable irrigation solutions.
- Vertical Integration: In-house manufacturing of pumps, motors, and solar modules, ensuring cost efficiency, quality, and supply chain control.
- Expanded Distribution Network: A wide reach across India through over 925 distributors and ‘Oswal Shoppe’ outlets.
- Strong Financial Performance: Demonstrating rapid revenue growth and profitability, supporting reinvestment and expansion plans.
While historically strong in major agricultural states like Haryana, Oswal Pumps has demonstrated efforts toward geographical diversification. In 9MFY25, Haryana’s revenue contribution reduced to 34.75%, with Maharashtra’s share increasing to 44.30%. The company also exports its products to 22 countries across the Asia-Pacific, Middle East, and North Africa regions, reflecting its expanding global footprint.
The Oswal pumps network
- Factories: Two main facilities in Karnal, Haryana, specializing in pumps/motors and solar modules (via Oswal Solar).
- Supply Chain: Highly vertically integrated, manufacturing most components in-house (e.g., castings, motors, solar modules) to control quality and costs. Raw materials (copper, steel, solar cells) are sourced via purchase orders.
- Pricing: Likely competitive due to cost efficiencies from vertical integration, with value-based pricing for solar solutions influenced by government subsidies (e.g., PM-KUSUM).
- Target Customers: Primarily the agricultural sector (especially farmers under PM-KUSUM), alongside residential, commercial, industrial segments, and government entities/institutional clients.
- Distribution & Retail: Extensive network of over 925 distributors across India, supplemented by 248 ‘Oswal Shoppe’ exclusive retail outlets. Also exports to 22 countries.
About Oswal Pumps IPO
The Oswal Pumps Limited IPO is a bookbuilding issue aiming to raise ₹1,387.34 crores. This includes a fresh issue of ₹890.00 crores to fund capital expenditure, invest in its solar subsidiary, and repay debt, alongside an Offer for Sale of ₹497.34 crores by existing shareholders. The IPO opens for subscription on June 13, 2025, and closes on June 17, 2025, with a tentative listing date on BSE and NSE set for June 20, 2025.
The IPO price band is fixed at ₹584 to ₹614 per share, with a minimum lot size of 24 shares. Retail investors need a minimum investment of ₹14,736 (at the cutoff price), while Non-Institutional Investors (NIIs) have higher minimums, ranging from ₹2,06,304 for sNIIs to ₹10,02,048 for bNIIs. The issue has reservations for Qualified Institutional Buyers (QIBs), Retail, and NIIs.
IIFL Capital Services Limited, Axis Capital Limited, CLSA India Private Limited, JM Financial Limited, and Nuvama Wealth Management Limited are managing the IPO, with MUFG Intime India Private Limited acting as the registrar. The company’s strong financials, including high ROCE (81.85%) and RoNW (88.73%), and its significant role in the PM-KUSUM solar pump scheme, are key highlights. Analysts suggest a “May apply” recommendation for long-term investors, noting the aggressive pricing but strong growth prospects.
Oswal Pumps Limited IPO Overview
- Issue Type: Bookbuilding IPO
- Total Issue Size: ₹1,387.34 crores (2,25,95,114 shares)
- Fresh Issue: ₹890.00 crores (1,44,95,114 shares) – Proceeds go to the company for growth and debt reduction.
- Offer for Sale (OFS): ₹497.34 crores (81,00,000 shares) – Proceeds go to selling shareholders.
Key Dates (Tentative Schedule):
- IPO Open Date: Friday, June 13, 2025
- IPO Close Date: Tuesday, June 17, 2025
- Tentative Allotment Finalization: Wednesday, June 18, 2025
- Initiation of Refunds: Thursday, June 19, 2025
- Credit of Shares to Demat Account: Thursday, June 19, 2025
- Tentative Listing Date: Friday, June 20, 2025
- UPI Mandate Confirmation Cut-off: 5 PM on June 17, 2025
Pricing Details:
- Face Value: ₹1 per share
- Price Band: ₹584 to ₹614 per share
- Lot Size: 24 shares
Investment Amounts (Minimum & Maximum per application):
- Retail Investor:
- Minimum: 1 lot (24 shares) = ₹14,736 (suggested bid at cutoff price for better allocation chances).
- Maximum: 13 lots (312 shares) = ₹1,91,568
- sNII (Small Non-Institutional Investor):
- Minimum: 14 lots (336 shares) = ₹2,06,304
- Maximum: 67 lots (1,608 shares) = ₹9,87,312
- bNII (Big Non-Institutional Investor):
- Minimum: 68 lots (1,632 shares) = ₹10,02,048
IPO Reservation (Shares Offered):
- QIB (Qualified Institutional Buyers): Not more than 50.00% of the Offer
- Retail Investors: Not less than 35% of the Offer
- NII (Non-Institutional Investors/HNI): Not less than 15% of the Offer
Promoters:
- Vivek Gupta, Amulya Gupta, Shivam Gupta, Ess Aar Corporate Services Private Limited, Shorya Trading Company Private Limited, and Singh Engcon Private Limited.
- Pre-Issue Shareholding: 99.88%
Company Financials & KPIs (as of March 31, 2024, unless specified):
- Revenue (9M Dec 2024): ₹1,067.34 Cr
- Profit After Tax (9M Dec 2024): ₹216.71 Cr
- Market Capitalization (Post-IPO): ₹6998.21 Cr
- ROCE: 81.85%
- Debt/Equity: 0.42
- RoNW (Return on Net Worth): 88.73%
- PAT Margin: 12.83%
- Pre-IPO EPS: ₹9.82 (based on FY24 earnings)
- Post-IPO EPS: ₹25.35 (based on annualized 9M Dec 2024 earnings)
- Pre-IPO P/E: 62.54x
- Post-IPO P/E: 24.22x
Key Personnel (Book Running Lead Managers & Registrar):
- Book Running Lead Managers: IIFL Capital Services Limited, Axis Capital Limited, CLSA India Private Limited, JM Financial Limited, Nuvama Wealth Management Limited.
- Registrar: MUFG Intime India Private Limited ((Link Intime).
Industry Overview
The Indian pump industry is a critical and rapidly growing sector, serving diverse needs across agriculture, domestic, commercial, and industrial applications.
Market Size & Growth:
- The Indian water pump market was valued at approximately ₹13,670 crores (USD 1.59 billion) in 2023 and is projected to reach ₹23,546 crores (USD 2.75 billion) by 2032, growing at a CAGR of 6.23%.
- Overall, the Indian pump market is expected to reach approximately ₹54,722 crores (USD 6.39 billion) by 2030, growing at a CAGR of 5.6% (2024-2030).
- India contributes approximately 7.6% to the global pump market.
Key Segments:
- Agriculture remains the largest application segment.
- Centrifugal pumps are the dominant pump type, representing 73.49% of revenue in 2023.
- The solar pump market is a rapidly expanding sub-segment, with a projected CAGR of 7.20% (2025-2033).
Growth Drivers:
- Government Initiatives: The PM-KUSUM Scheme is a primary catalyst, aiming to install 1.75 million standalone solar pumps. As of October 31, 2024, 540,499 solar pumps had been installed under Component B of the scheme. Government subsidies can cover up to 60% of installation costs for solar pumps.
- Agricultural Demand: Increasing need for efficient irrigation due to growing agricultural activities.
- Urbanization & Industrialization: Driving demand for water supply, wastewater management, and industrial processes.
- Technological Advancements: Focus on energy-efficient pumps and integration of smart technologies (IoT, AI, ML).
- Export Potential: India’s pump exports grew by 4% from 2022-23 to 2023-24, reaching over ₹11,300 crores (USD 1.319 billion).
Competitive Landscape: The market is highly fragmented with a mix of multinational corporations (e.g., KSB, Grundfos) and strong domestic players (e.g., Kirloskar, CRI Pumps, Shakti Pumps).
Peer Analysis of Oswal Pumps Limited
Peer Analysis: Oswal Pumps vs. Top Indian Competitors
Market Capitalization (₹ Crores):
- Oswal Pumps Ltd.: ₹6,998.21 (post-IPO)
- Shakti Pumps (India) Ltd.: ₹12,045
- Kirloskar Brothers Ltd.: ₹14,513
- KSB Ltd.: ₹15,037
- WPIL Ltd.: ₹4,108
- Roto Pumps Ltd.: ₹1,860
- Summary: Oswal Pumps is a mid-sized player by market cap, smaller than the top three established firms, but larger than WPIL and Roto Pumps.
Revenue (FY24) (₹ Crores):
- Oswal Pumps Ltd.: ₹758.57 (with a strong 9MFY25 revenue of ₹1,067.34)
- Shakti Pumps (India) Ltd.: ₹1,370.74 (FY25: ₹2,516)
- Kirloskar Brothers Ltd.: ₹4,001.20 (FY25: ₹4,059.82)
- KSB Ltd.: ₹2,247.24 (FY25: ₹2,569.90)
- WPIL Ltd.: ₹1,664.40 (FY25: ₹1,807)
- Roto Pumps Ltd.: ₹274 (FY25: ₹298)
- Summary: While Oswal shows robust growth, its absolute revenue is currently smaller than the market leaders and its direct solar competitor, Shakti Pumps.
Net Profit (FY24) (₹ Crores):
- Oswal Pumps Ltd.: ₹97.67 (9MFY25: ₹216.71)
- Shakti Pumps (India) Ltd.: ₹408.4 (FY25: ₹408)
- Kirloskar Brothers Ltd.: ₹349.60 (FY25: ₹348.14)
- KSB Ltd.: ₹240.90 (FY25: ₹247.50)
- WPIL Ltd.: ₹684 (FY25: ₹127) – Note: WPIL’s FY24 profit seems disproportionately high due to some other income.
- Roto Pumps Ltd.: ₹39 (FY25: ₹34)
- Summary: Oswal’s profit is strong for its size, but below the absolute figures of the larger, more established players and Shakti Pumps.
Valuation (P/E Ratio, x):
- Oswal Pumps Ltd.: 24.22 (Post-IPO)
- Shakti Pumps (India) Ltd.: 29.50
- Kirloskar Brothers Ltd.: 37.57
- KSB Ltd.: 59.06
- WPIL Ltd.: 25.53
- Roto Pumps Ltd.: 45.29
- Summary: Oswal’s post-IPO P/E appears competitive and potentially more attractive than many peers, especially given its strong growth.
Return on Net Worth (RoNW) (%):
- Oswal Pumps Ltd.: 88.73%
- Shakti Pumps (India) Ltd.: 42.6%
- Kirloskar Brothers Ltd.: 22.30%
- KSB Ltd.: 17.76%
- WPIL Ltd.: 9.64%
- Roto Pumps Ltd.: 16.0%
- Summary: Oswal demonstrates exceptionally high RoNW, indicating superior efficiency in utilizing shareholder equity compared to all its listed peers.
Return on Capital Employed (ROCE) (%):
- Oswal Pumps Ltd.: 81.85%
- Shakti Pumps (India) Ltd.: 55.3%
- Kirloskar Brothers Ltd.: 21.32%
- KSB Ltd.: 22.78%
- WPIL Ltd.: 15.6%
- Roto Pumps Ltd.: 18.8%
- Summary: Oswal’s ROCE is significantly higher than its competitors, highlighting its remarkable efficiency in generating profits from its total capital employed.
Debt/Equity Ratio:
- Oswal Pumps Ltd.: 0.42 (pre-IPO; expected to be lower post-IPO due to fresh issue proceeds)
- Shakti Pumps (India) Ltd.: 0.87
- Kirloskar Brothers Ltd.: <0.1 (very low debt)
- KSB Ltd.: ~0 (nil external debt as of Dec 2022)
- WPIL Ltd.: 0.24
- Roto Pumps Ltd.: 0.01
- Summary: Oswal’s debt-to-equity is moderate and expected to improve, but Kirloskar Brothers, KSB, and Roto Pumps demonstrate very strong, almost debt-free balance sheets.
Operating Margin (%) (or PAT Margin for Oswal):
- Oswal Pumps Ltd.: 12.83% (PAT margin, FY24)
- Shakti Pumps (India) Ltd.: 24% (Q4 FY25 OPM)
- Kirloskar Brothers Ltd.: 12.49% (FY24 OPM)
- KSB Ltd.: 12.81% (FY24 OPM)
- WPIL Ltd.: 18% (FY24 OPM)
- Roto Pumps Ltd.: 24% (FY24 OPM)
- Summary: Oswal’s profitability margins are competitive, aligning with or slightly below some of its more established peers like Shakti Pumps and Roto Pumps which show higher operating margins.
Product Portfolio:
- Oswal Pumps Ltd.: Offers solar, submersible, monoblock, pressure, sewage pumps, electric motors, cables, and control panels. Strong vertical integration and focus on solar solutions.
- Shakti Pumps (India) Ltd.: Manufactures solar and electricity-operated submersible pumps, VFDs, structures, motors (including EV motors), and inverters. Offers over 1,200 product variants.
- Kirloskar Brothers Ltd.: A comprehensive range of industrial, agricultural, and domestic pumps, alongside valves and hydro turbines.
- KSB Ltd.: Produces a wide array of industrial pumps, submersible motor pumps, monoblock pumps, and valves, serving various sectors.
- WPIL Ltd.: Primarily executes turnkey water supply projects, offering pump selection, mechanical piping, and engineering solutions.
- Roto Pumps Ltd.: Specialized in Progressive Cavity Pumps (PCP), and single/twin screw pumps, catering to industries with high-viscosity fluid handling needs.
Market Share & Focus:
- Oswal Pumps Ltd.: Recognized as the fastest-growing vertically integrated solar pump manufacturer (FY22-FY24). Supplied ~38.0% of total solar agricultural pumps under the PM-KUSUM scheme as of Dec 2024.
- Shakti Pumps (India) Ltd.: A direct competitor in solar pumps, aiming to capitalize on the ₹2,000 billion opportunity to replace diesel pumps.
- Kirloskar Brothers Ltd.: One of the overall leading pump manufacturers in India.
- KSB Ltd.: Holds an approximate 13% overall market share (as of Dec 2022) in the Indian pump industry.
- WPIL Ltd.: Major player in large-scale water supply projects.
- Roto Pumps Ltd.: Pioneer and leader in the niche of Progressive Cavity Pumps in India.
Distribution Network:
- Oswal Pumps Ltd.: Robust network of 925 distributors across India (Dec’24) and 248 ‘Oswal Shoppe’ exclusive retail outlets (Jun’25). Exports to 22 countries.
- Shakti Pumps (India) Ltd.: Expanded dealer network to 1,200, enhancing reach in rural and semi-urban areas.
- Kirloskar Brothers Ltd.: Extensive pan-India presence with a strong international footprint.
- KSB Ltd.: Over 1,000 authorized dealers and 350 authorized service centers across India. Exports contribute 15-20% of revenue.
- WPIL Ltd.: Primarily project-based, so its distribution model differs from direct retail.
- Roto Pumps Ltd.: Successfully exports to 50+ countries.
Target Customers:
- Oswal Pumps Ltd.: Primarily the agricultural sector (96.55% of 9MFY25 revenue), particularly farmers under the PM-KUSUM scheme, alongside residential, commercial, industrial, and government segments.
- Shakti Pumps (India) Ltd.: Focuses on farmers (PM-KUSUM), building services, oil & gas, power, metals, and mining.
- Kirloskar Brothers Ltd.: Serves a broad clientele in agriculture, industrial, municipal, power, and construction sectors.
- KSB Ltd.: Caters to diverse industries including power (conventional & nuclear), oil & gas, fertilizer, general engineering, water/wastewater, building construction, agriculture, and domestic households.
- WPIL Ltd.: Targets industrial units, municipalities, power utilities, and irrigation departments for turnkey projects.
- Roto Pumps Ltd.: Clients are primarily in industries like wastewater, sugar, paper, paint, oil & gas, chemicals, ceramics, food & beverages, and mining.
Industry Specific & Fundamental Factors:
- Oswal Pumps Ltd.:
- Strong vertical integration in manufacturing pump components and solar modules.
- High dependence on the PM-KUSUM Scheme (78.50% of 9MFY25 revenue), posing policy risk.
- High customer concentration with top 5 customers contributing 71.29% of 9MFY25 revenue.
- Strong order book of ₹1,100 crores.
- Shakti Pumps (India) Ltd.:
- Integrated manufacturing capability, producing key components in-house.
- Strategic entry into the EV motor business with planned investments of ₹250 crores.
- Significant growth expected from the solar water pump sector (42% Revenue CAGR FY24-27).
- Kirloskar Brothers Ltd.:
- Long-standing legacy and part of a diversified conglomerate.
- Strong presence in traditional pump segments beyond solar.
- KSB Ltd.:
- Benefits from strong technological support from its German parent company.
- Maintains a healthy order backlog (e.g., ₹2,000 crores as of Dec 2022).
- Focus on aftermarket services growth (aiming for 20% of revenue).
- WPIL Ltd.:
- Focus on turnkey project execution sets it apart.
- Revenue growth was impacted by supply chain constraints in FY24.
- Roto Pumps Ltd.:
- Specializes in positive displacement pumps, a niche market with specific application requirements.
- Products are custom-made for high-viscosity fluids.
| Parameter | Oswal Pumps | Shakti Pumps | Kirloskar Brothers | KSB | WPIL | Roto Pumps |
|---|---|---|---|---|---|---|
| Market Cap (₹ Cr) | 6,998.21 | 12,045 | 14,513 | 15,037 | 4,108 | 1,860 |
| Revenue (₹ Cr) | 758.57 | 1,370.74 | 4,001.20 | 2,247.24 | 1,664.40 | 274 |
| Net Profit (₹ Cr) | 97.67 | 408.4 | 349.6 | 240.9 | 684 | 39 |
| P/E Ratio (x) | 24.22 | 29.5 | 37.57 | 59.06 | 25.53 | 45.29 |
| RoNW (%) | 88.73% | 42.60% | 22.30% | 17.76% | 9.64% | 16.00% |
| ROCE (%) | 81.85% | 55.30% | 21.32% | 22.78% | 15.60% | 18.80% |
| Debt/Equity | 0.42 | 0.87 | <0.1 | ~0 | 0.24 | 0.01 |
Oswal Pumps Limited IPO Reservation
| Investor Category | Shares Offered | |||
|---|---|---|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer | |||
| Retail Shares Offered | Not less than 35% of the Offer | |||
| NII (HNI) Shares Offered | Not less than 15% of the Offer | |||
Oswal Pumps Limited IPO Lot Size
| 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 |
Financials of Oswal Pumps Limited
| 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | ||
|---|---|---|---|---|
| Assets | 1,096.01 | 511.28 | 252.30 | |
| Revenue | 1,067.34 | 761.23 | 387.47 | |
| Profit After Tax | 216.71 | 97.67 | 34.2 | |
| Net Worth | 378.80 | 160.17 | 59.97 | |
| Reserves and Surplus | 387.96 | 173.42 | 73.22 | |
| Total Borrowing | 346.30 | 75.42 | 59.28 |
Assets: The company’s Assets have shown substantial and consistent growth, increasing from ₹221.84 crore at Period Ended 31 Mar 2022 to ₹1,096.01 crore at Period Ended 31 Dec 2024. This nearly five-fold increase in less than three years indicates aggressive expansion and investment in its operational base.
Revenue: Revenue from operations has experienced robust and accelerating growth. It grew from ₹361.11 crore at Period Ended 31 Mar 2022 to ₹387.47 crore in FY2023, then sharply to ₹761.23 crore in FY2024, and further to ₹1,067.34 crore in just nine months ending 31 Dec 2024, demonstrating strong sales momentum.
Profit After Tax: Profit After Tax has shown an exceptional surge, indicating rapidly improving profitability. It increased from ₹16.93 crore at Period Ended 31 Mar 2022 to ₹34.20 crore in FY2023, then more than doubled to ₹97.67 crore in FY2024, and reached ₹216.71 crore by 31 Dec 2024. This significant growth highlights efficient operations and scaling benefits.
Net Worth: The company’s Net Worth has grown considerably, strengthening its equity base. It expanded from ₹24.57 crore at Period Ended 31 Mar 2022 to ₹378.80 crore at Period Ended 31 Dec 2024, primarily driven by the accumulation of profits and potentially fresh capital.
Reserves and Surplus: Reserves and Surplus, a key component of Net Worth, also saw substantial growth from ₹37.82 crore at Period Ended 31 Mar 2022 to ₹387.96 crore at Period Ended 31 Dec 2024. This indicates strong profit retention and reinvestment into the business.
Total Borrowings: Total Borrowings have shown an increasing trend to support the company’s expansion. After a dip from ₹87.54 crore (31 Mar 2022) to ₹59.28 crore (31 Mar 2023), they rose to ₹75.42 crore in FY2024, and then saw a significant jump to ₹346.30 crore by 31 Dec 2024, reflecting increased leverage for growth initiatives.
Objective of Oswal Pumps IPO
The key objectives of Oswal Pumps IPO are:
- Funding Capital Expenditure: To meet certain capital expenditure requirements of the company, specifically allocating ₹89.86 crore for company expansion.
- Investment in Subsidiary: To invest ₹272.76 crore in its wholly-owned subsidiary, Oswal Solar, for setting up new solar module manufacturing units at Karnal, Haryana.
- Debt Repayment (Company): To pre-pay or repay, in part or full, certain outstanding borrowings availed by Oswal Pumps Limited itself, with ₹280 crore allocated for this purpose.
- Debt Repayment (Subsidiary): To invest ₹31 crore in Oswal Solar (the subsidiary) for the repayment or pre-payment, in part or full, of its outstanding borrowings.
- General Corporate Purposes: To utilize the remaining funds for general corporate purposes and strategic initiatives.
Share Holding Pattern of Oswal Pumps Limited
Pre-IPO Shareholding Pattern:
Before the IPO, Oswal Pumps Limited was almost entirely held by its promoters and promoter group.
- Promoter & Promoter Group: They collectively held a commanding 99.88% (or approximately 99.9%) of the company’s equity shares. Key members and entities within this group include:
- Shorya Trading Company Private Limited: Holding a substantial 54.81%.
- Mr. Vivek Gupta: Who is also the Chairman and Managing Director, holding 25.17%.
- Ess Aar Corporate Services Private Limited: Holding 17.68%.
- Radhika Gupta: Holding 1.62%.
- Other individuals identified as promoters include Amulya Gupta, Shivam Gupta, and Singh Engcon Private Limited, contributing to the overall promoter holding.
- Public & Others: The remaining 0.12% (or approximately 0.1%) was held by other public shareholders.
Expected Post-IPO Shareholding Pattern:
Following the completion of the IPO, the shareholding structure will undergo significant dilution:
- Promoter & Promoter Group: Their stake is expected to reduce to approximately 80.00% to 80.07%. This dilution is primarily due to the fresh issue of shares and an Offer for Sale by promoter Vivek Gupta, allowing new public investors to participate.
- Public Investors: The remaining shares will be allocated to various investor categories, including:
- Qualified Institutional Buyers (QIBs): Up to 50% of the offer.
- Non-Institutional Investors (NIIs) / High Net-worth Individuals (HNIs): Not less than 15% of the offer.
- Retail Individual Investors (RIIs): Not less than 35% of the offer.
