Oswal Pumps Goes Public, Gets Listed on BSE and NSE
Oswal Pumps, a Haryana-based manufacturer of solar pumps and solar modules, made its stock market debut on the BSE and NSE with its shares listing at INR 634 and INR 632 per share, respectively, marking a premium of about 3 percent over the issue price.
June 20, 2025. By Mrinmoy Dey
The company’s shares have been listed at INR 634 per share marking a gain of about 3.26 percent over the issue price of INR 614. At the BSE, the shares were listed at INR 632 a piece. However, it fell short of grey market estimates.
The subscription for the Oswal Pumps IPO was open from June 13-17, 2025 at a price band of INR 584-614 per share. The IPO was subscribed 34.42 times. While the retail portion was subscribed 3.60 times, and the Non Institutional Investors (NII) category was booked 36.70 times. The Qualified Institutional Buyers (QIBs) segment was subscribed 88.08 times.
At the upper end of the price band, the company raised INR 1,387.34 crore through a book-building issue, comprising a fresh issue of 1.45 crore equity shares worth INR 890 crore and an offer-for-sale (OFS) of 81 lakh shares aggregating INR 497.34 crore.
As per the RHP, the company will use proceeds from the fresh issue for capital expenditure, establishing new manufacturing units in Karnal, Haryana, repaying debts, and general corporate purposes.
The company will invest INR 419.16 crore in its wholly-owned subsidiary, Oswal Solar in the form of debt or equity, for funding the setting up of new manufacturing units at Karnal, Haryana, it said. Further, the company will invest another INR 16 crore in Oswal Solar to prepay or repay debts.
Oswal Pumps will use INR 89.36 crore from the IPO proceedings for capital expenditure and another INR 235 crore will be used to prepay or repay debts of the company.
The company has two manufacturing facilities situated at Karnal, Haryana. One facility is dedicated to the production of pumps and motors, while the other focuses on manufacturing solar modules.
please contact: contact@energetica-india.net.
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