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Key Points

Oswal Pumps, a Haryana-based manufacturer, is preparing for a substantial IPO while demonstrating robust financial growth in the first nine months of FY25. The company has seen expenses increase by 23.83% and total income rise to Rs 1,067.34 crore, indicating strong operational performance. Their upcoming IPO of Rs 1,387.34 crore is set to open on June 13 with a price band of Rs 584-614 per share. The company has already made significant strides in solar pumping systems, fulfilling 38,132 orders under the PM Kusum Scheme across multiple states.

Key Points: Oswal Pumps IPO Set Amid 24% Expense Growth in FY25

  • Oswal Pumps expenses rise 23.83% to Rs 781.82 crore
  • Total income reaches Rs 1,067.34 crore in 9 months
  • IPO price band set at Rs 584-614 per share
  • Completed 38,132 solar pumping system orders under PM Kusum Scheme
2 min read

Oswal Pumps' expenses up 23.83 pc in first 9 months of FY25, income rises

Haryana-based pump manufacturer plans Rs 1,387 crore IPO with strong financial performance in first nine months of fiscal year

"The company has shown significant financial momentum - Financial Analyst Report"

New Delhi, June 10

Oswal Pumps Limited's total expenses increased by 23.83 per cent to Rs 781.82 crore in the first nine months of FY25, from Rs 631.35 crore in the entire FY24, according to the information given in the company's Red Herring Prospectus (RHP).

The company's expenses as well as profits, and income also saw an increase during the review period.

According to the company's RHP, the company's total income in the April-December period of FY25 was Rs 1,067.34 crore, as against Rs 761.23 crore in the entire FY24.

At the same time, the company has made a profit of Rs 216.70 crore in the first nine months of FY25, as against Rs 97.66 crore in FY24.

The Haryana-based manufacturer of water and solar pumping systems has set the price band for its upcoming Rs 1,387.34 crore initial public offering (IPO) at Rs 584-614 per share, as it prepares to open the public issue for investors on June 13.

The IPO comprises a fresh issue of Rs 890 crore and an offer for sale (OFS) worth Rs 497.34 crore by promoter Vivek Gupta. It will close on June 17, with shares tentatively scheduled to list on June 20 on both the BSE and the NSE.

The IPO has reserved not more than 50 per cent of the shares in the public issue for qualified institutional buyers (QIB), not less than 15 per cent for non-institutional Institutional Investors (NII), and not less than 35 per cent of the offer is reserved for retail investors.

The company had fulfilled 38,132 turnkey solar pumping system orders under the PM Kusum Scheme in states such as Haryana, Rajasthan, Uttar Pradesh, and Maharashtra (as of December 31, 2024).

- IANS

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Reader Comments

Here are 6 diverse Indian perspective comments for the Oswal Pumps article:
R
Rahul K.
Impressive growth numbers! The 120% jump in profits shows Oswal is capitalizing well on India's solar push. Their PM Kusum scheme participation is commendable. However, expenses rising faster than income (23.8% vs ~40% income growth) needs watching. IPO looks promising though! 🇮🇳
P
Priya M.
As a small investor, I'm excited about the 35% reservation for retail investors. The solar pump sector has huge potential with our climate commitments. But ₹614 upper price band seems steep for a company with such volatile expense patterns. Will wait for listing day performance.
S
Sanjay T.
Good to see Haryana-based companies doing well! But I'm concerned about the promoter selling shares worth ₹497cr in OFS. Why exit when business is growing? Feels like cashing out at peak. The fresh issue portion makes more sense for long-term growth.
A
Ananya R.
Solar pumps are game-changers for our farmers! 👏 Oswal's work in UP and Rajasthan under PM Kusum is praiseworthy. Hope they use IPO funds to expand to more states. The 38,000+ installations show solid execution capability. Might apply for this one.
V
Vikram J.
Numbers look good on paper but need to check their debt position and working capital cycle. Pump manufacturing is capital intensive. Also curious why they're reporting 9-month FY25 data when FY24 just ended? Unusual accounting practice.
N
Neha P.
The ₹1,387cr IPO size seems ambitious for a niche player. Hope they've disclosed all subsidy dependencies clearly in RHP. Solar sector is policy-driven - any government scheme changes could impact future profits. Cautiously optimistic! 🤞

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