Oswal Pumps Aims to Raise Rs 890 Crore in Upcoming IPO
By ScanX News Team
Oswal Pumps, a pump manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO to raise up to Rs 890 crore. The IPO includes a fresh issue of equity shares and an Offer for Sale by promoter Vivek Gupta. The company plans to list on both BSE and NSE, with the public subscription period set for June 13-17, 2025. Proceeds will be used for corporate objectives and promoter stake divestment.
*this image is generated using AI for illustrative purposes only.
Oswal Pumps, a prominent player in the pump manufacturing industry, has taken a significant step towards going public by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company is looking to raise up to Rs 890.00 crore through its Initial Public Offering (IPO), marking a major milestone in its corporate journey.
IPO Structure and Details
The proposed IPO comprises two components:
- A fresh issue of equity shares
- An Offer for Sale (OFS) by the company's promoter, Vivek Gupta
This structure allows the company to raise new capital while also providing an exit opportunity for the existing promoter. The exact breakdown of the fresh issue and OFS components has not been disclosed in the initial announcement.
Listing Plans and Timeline
Oswal Pumps has set its sights on dual listing, planning to have its shares traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). This dual listing strategy aims to provide maximum liquidity and accessibility for potential investors.
Key dates for the IPO process include:
| Event | Date |
|---|---|
| Public Subscription Period | June 13-17, 2025 |
Investors and market watchers should mark their calendars for this five-day window when the IPO is expected to be open for public subscription.
Utilization of IPO Proceeds
The funds raised through the IPO will serve two primary purposes:
Corporate Objectives: A portion of the fresh issue proceeds will be allocated towards fulfilling various corporate objectives of Oswal Pumps. This may include expansion plans, technology upgrades, or other strategic initiatives to enhance the company's market position.
Offer for Sale: The OFS component will allow the promoter, Vivek Gupta, to partially divest his stake in the company. The proceeds from this portion will go directly to the selling shareholder and not to the company.
About Oswal Pumps
While detailed financial information is not available in the initial announcement, Oswal Pumps is known to be a significant player in the pump manufacturing sector. The company's decision to go public suggests confidence in its growth prospects and a desire to tap into the capital markets for its next phase of expansion.
As the IPO process unfolds, potential investors will be keen to examine Oswal Pumps' financial performance, market position, and growth strategy once the full DRHP becomes available. The success of this IPO could have implications not just for Oswal Pumps, but also for the broader manufacturing sector in India.
Investors and industry observers will be watching closely as more details emerge in the lead-up to the public subscription period in June 2025.
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