A serious producer of solar-powered and grid-connected pumping techniques, Oswal Pumps Ltd (OPL) is ready to launch its preliminary public providing (IPO) on June 13, 2025. The corporate has fastened a value band between Rs 584 and Rs 614 per share with a face worth of Rs 1. The general public situation will stay open for subscription till June 17, 2025.
The IPO includes a contemporary situation of shares price Rs 890 crore and a suggestion on the market (OFS) of 81 lakh fairness shares by present shareholders.
The entire situation dimension is estimated to be between Rs 1,363 crore (2.26 crore shares) and Rs 1,387 crore (2.33 crore shares).
After the itemizing, the corporate’s market capitalisation is anticipated to vary between Rs 6,700 crore and Rs 6,998 crore on the idea of the decrease and higher value bands.
Traders can bid for at least 24 shares and in multiples thereafter. Right here is an summary of the allocation of shares
50 per cent for Certified Institutional Consumers (QIBs)
35 per cent for retail buyers
15 per cent for Non-Institutional Traders (NIIs)
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Analysts at SBI Securities have really helpful subscribing to the difficulty for a long-term funding horizon, citing that the corporate is amongst the biggest suppliers of photo voltaic pumps beneath the PM Kusum Scheme for FY23 & FY24 and is among the few corporations with vertically built-in turnkey photo voltaic pumping system capabilities in India.
“On the higher value band of Rs 614, the IPO is valued at 9MFY25 annualised P/E and EV/EBITDA multiples of 24.2x and 15.1x, respectively, at post-issue capital,” the brokerage mentioned.
SBI Securities additionally outlined that an overhang for the enterprise could be its dependence on authorities tasks or coverage and delay in money movement.
OPL has order e-book of Rs 1,100 crore
The brokerage additionally famous that the corporate at the moment has an order e-book of Rs 1,100 crore, which is roughly 0.8 instances its annualised income for the primary 9 months of FY25, together with a further bid pipeline of Rs 3,200 crore, which signifies sturdy progress visibility within the close to time period.
Oswal Pumps IPO: BRLMs and registrar particulars
The e-book operating lead managers of the IPO are IIFL Capital Companies, Axis Capital, CLSA India, JM Monetary, and Nuvama Wealth Administration, whereas MUFG Intime India (Hyperlink Intime India) is the official registrar to the difficulty.
What does Oswal Pumps do?
Oswal Pumps is a photo voltaic pump producer with a variety of merchandise, together with solar-powered and grid-connected submersible and monoblock pumps, electrical motors, and beneath the ‘Oswal’ model. Additionally it is a key provider beneath the Authorities of India’s PM Kusum Scheme, accounting for about 38 per cent of all solar-powered agricultural pumps put in within the nation as of December 2024.
The corporate can be among the many few in India able to delivering absolutely built-in turnkey photo voltaic pumping techniques, together with manufacturing and set up companies.
