Oswal Pumps IPO Review: Playing in high-growth territory | Oswal Pumps IPO GMP | Oswal Pumps IPO Allotment Status |

Oswal Pumps IPO subscription starts on 13 June 2025 and will close on 17 June 2025. The company plans to raise around INR 1,387.34 crore via the IPO. The price band is fixed at INR 584 – 614 per share. Oswal Pumps IPO market lot has 24 shares, and the minimum application amount is INR 14,736. The retail quota is 35%, QIB is 50%, and NII is 15%.
Check Oswal Pumps IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Oswal Pumps IPO Subscription Status segregated by days and investor categories.
Oswal Pumps IPO Subscription Status – Live Updates
Category | QIB | NII | Retail | Total |
---|---|---|---|---|
Shares Offered | 45,43,116 | 35,00,959 | 81,68,905 | 1,62,12,980 |
17 Jun 2025 | 88.08 | 36.70 | 3.60 | 34.42 |
16 Jun 2025 | 0.27 | 4.65 | 1.16 | 1.65 |
13 Jun 2025 | 0.08 | 0.79 | 0.45 | 0.42 |
67,78,533 shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
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Oswal Pumps – Business Background
Founded in 2003 and headquartered in Karnal, Haryana, Oswal Pumps has emerged as India’s fastest-growing vertically integrated manufacturer of solar-powered agricultural pumps. Initially focused on low-speed monoblock pumps, the company strategically pivoted to renewable energy, becoming a major player in the government-backed PM Kusum Scheme. Oswal’s product line includes solar submersible pumps, electric motors, solar modules, and complete turnkey solar pumping systems.

Oswal’s backward integration enables it to manufacture most components in-house, boosting margins and operational efficiency. From FY22 to FY24, revenue grew at a CAGR of 45.07%, reaching INR 758.57 crore in FY24, with net profit surging from INR 16.93 crore to INR 97.67 crore. In the first nine months of FY25 alone, revenue crossed INR 1,065 crore with a net profit of INR 216.71 crore. Its industry-leading return metrics—ROCE of 81.85% and RONW of 88.73%—reflect the company’s solid execution and capital efficiency.
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Investor Categories in Oswal Pumps IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Oswal Pumps IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 25 crore.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 2,00,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Oswal Pumps IPO Subscription Status FAQs
When will the Oswal Pumps IPO subscription start?
Oswal Pumps IPO subscription starts on 13 June 2025 and ends on 17 June 2025.
How to subscribe to Oswal Pumps IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Oswal Pumps IPO be listed?
Oswal Pumps IPO will be listed on 20 June 2025, on the BSE and NSE stock exchanges.
Pl inform shares are alloted or not