Listed

Oswal Pumps Limited IPO

Oswal Pumps Limited is a well-established manufacturer of water handling equipment based in Karnal, Haryana. Founded in 2000, the company specializes in the production of submersible pumps, motors, monoblock pumps, pressure pumps, and a wide range of accessories. It operates with a strong backward integration model, handling everything from manufacturing stainless steel components to assembling and testing pumps in-house.

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Min Investment

₹14,736

Lot Size

24 Shares

Price Range

₹614.0

Issue Size (₹ Cr.)

₹1,387.34

IPO Type

BSE NSE

Key Metrics

Face Value

₹ 1.0

GMP

₹ 41.0

Subscription

28.44x

EPS

₹ 25.35

P/E Ratio

24.22 x

RoNW

88.73%

ROE

Debt to Equity (₹ Cr.)

0.42

Timeline

IPO Opened13/06/2025Friday

IPO Closed17/06/2025Tuesday

Allotted18/06/2025Wednesday

Refunded19/06/2025Thursday

Listed20/06/2025Friday

Strengths

Integrated Manufacturing Facility The company has a fully backward-integrated plant in Haryana, allowing it to control quality, reduce costs, and maintain consistency across all product lines.
Diverse Product Portfolio Oswal Pumps offers over 1,000 models across submersible pumps, monoblock pumps, and pressure systems, catering to agriculture, industrial, and domestic sectors.
Strong Distribution Network With more than 2,000 dealers and distributors across India, the company enjoys a robust market presence and reliable customer reach.
Export Capability The company exports its products to several countries, diversifying its revenue sources and enhancing its brand footprint globally.
Consistent Financial Performance Oswal Pumps has shown steady revenue growth and high return ratios, such as an ROE of nearly 89% in FY24, reflecting strong profitability and operational efficiency.

Weaknesses

High Working Capital Requirement The pump manufacturing business is capital-intensive, with significant funds tied up in inventory and receivables, putting pressure on liquidity.
Dependence on Rural and Agricultural Demand A large portion of its sales comes from the agricultural sector, making the business vulnerable to seasonal fluctuations, rainfall patterns, and government subsidies.
Limited Technological Innovation The company’s product development appears focused more on scale than cutting-edge R&D, which could impact competitiveness against global tech-driven brands.
Regional Manufacturing Concentration With primary manufacturing located in Haryana, any operational disruption (e.g., political unrest, logistics issues) in this region could severely affect output.
Brand Visibility vs. Larger Competitors Despite strong sales, Oswal Pumps faces stiff competition from better-known national and multinational brands, especially in urban markets.