1.Company Information
"Incorporated in 2003, Oswal Pumps Limited is a manufacturer and distributor of pumps. The company offers a diverse range of products catering to domestic, agricultural, and industrial applications, including solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires & cables, and electric panels.
As of August 31, 2024, the company had executed orders for 26,270 turnkey solar pumping systems directly under the PM-KUSUM Scheme for several states, including Haryana, Rajasthan, Uttar Pradesh, and Maharashtra.
The company operates a manufacturing facility located in Karnal, Haryana, which covers a total land area of 41,076 square meters as of March 31, 2024.
The company has a growing network of distributors across India, increasing from 473 distributors as of March 31, 2022, to 636 distributors as of March 31, 2024. Further, between April 1, 2021, and March 31, 2024, Oswal Pumps exported its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.
As of March 31, 2024, the company had a team of 164 employees."
2. Objects of the Issue
"1 Funding certain capital expenditure of the Company.
2 Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for funding the setting up of new manufacturing units at Karnal, Haryana.
3 Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company.
4 Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar.
5 General corporate purposes."
3.Oswal Pumps IPO Registrar
MUFG Intime India Private Limited ((Link Intime)
Phone: +91-22-4918 6270
Email:oswalpumps.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html