Oswal Pumps IPO: IPO will open from June 13, price band fixed at ₹584 to ₹614 per share

News Topical, Digital Desk : Oswal Pumps, a pump and motor manufacturing company, has fixed the price band of its IPO at ₹584 to ₹614 per share. This IPO will open on 13 June 2025 and close on 17 June. This public issue of the company is becoming very popular among investors, as the company has recently registered tremendous growth in its earnings and profits.

IPO Key Highlights
Price Band: ₹584 to ₹614 per share IPO Opening Date: Opens on Friday, June 13, 2025 IPO Closing Date: Opens on Tuesday, June 17, 2025 Anchor Investor Bidding Date: Thursday, June 12, 2025 IPO Size and Structure: Total IPO Size: ₹890 crore (fresh issue) + 81 lakh shares (OFS). OFS: Promoter Vivek Gupta will sell part of his stake. Lot Size: 24 shares in 1 lot Minimum Investment: ₹14,016 (for 1 lot, assuming upper price of ₹614) Maximum Investment (Retail): 14 lots i.e. 288 shares, approximately ₹1,96,224 Allotment of shares and category wise reservation:- QIB (Institutional Investors): Maximum 50 per cent NII (High Net Worth Investors): Minimum 15 per cent Retail Investors: Minimum 35 per cent Registrar: MUFG Intime India Lead Managers: IIFL, Axis Capital, CLSA, JM Financial, Nuvama Use of funds raised from IPO: ₹89.86 crore: For new capital expenditure ₹272.75 crore: For investment in Oswal Solar (new units, in Karnal). ₹31 crore: For repayment of Oswal Solar loan, Rest of the amount: For general corporate use, What does Oswal Pumps Company do- Started in: 2003. Products: Solar and grid based submersible pumps, electric motors, solar modules. Sector: Agriculture, residential, commercial and industrial. Plant: Karnal, Haryana. Company's financial performance (FY24):- Revenue: ₹758.5 ​​crore (₹385 crore in FY23). Profit (PAT): ₹97.6 crore (₹34.1 crore in FY23). Overall- Oswal Pumps IPO is entering the market with a strong financial performance and growth story. There is a lot of excitement about it among mutual funds and retail investors. If you are a long term investor, then this issue can be a good opportunity, especially considering the increasing demand in agriculture and solar sectors. 

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