Oswal Pumps Limited, one of India’s fastest-growing, vertically integrated solar pump manufacturer companies, on Monday, 02 March 2026, announces that,

Oswal Solar Energy Private Limited, a wholly owned subsidiary of Oswal Pumps, has secured a major business order from M/s Swashakthi Energy, a domestic entity, for the supply of rooftop solar (RTS) systems. Source: BSE

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Order Details

This newly received order includes the Design, Engineering, Supply, Installation, Testing, and Commissioning of a total capacity of 7.46 MWp of Grid-Connected Rooftop Solar Plants, along with operation and maintenance (O&M).

These systems will be installed for 3,729 SC & ST consumers through Utility Led Aggregation Mode under “Pradhan Mantri Surya Ghar Muft Bijli Yojana” across the Puttaparthy and Pulivendula divisions under APSPDCL in Andhra Pradesh, India.

With this new project, Oswal Pumps takes an important step forward in expanding its presence into solar energy solutions and supporting the nation’s sustainable growth ambitions, the company spokesperson added.

Oswal Pumps Limited Secures Solar Order from Swashakthi Energy

Order Value

The total contract value of the newly received order is ₹39.40 Crores (Rupees Thirty-nine Crore Forty Lakh Only), including GST.

Duration

The contract period is up to 5 years from the date of installation & commissioning of rooftop systems.

Check oswal pumps news for further information.

Management Speech –

Commenting on the order, Mr. Vivek Gupta, Chairman and MD of the company, said

This order paves the way for the Company to participate in the Government of India’s PM Surya Ghar: Muft Bijli Yojana, marking an important milestone in our commitment to advancing India’s renewable energy transition.

We are confident that the successful execution of this project will strengthen our presence in the rooftop solar segment, enable deeper market penetration, diversifies our product and market segment, and opens the door to larger opportunities in the future.

Oswal Pumps Limited’s consistent track record of timely execution and high-quality delivery across public sector renewable energy programs continues to reinforce our credibility.

The company’s market capitalization is ₹3,500 Cr.

The stock is currently trading below its 20-day, 50-day, and 100-day SMA.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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[Fresh Issue 890 crore + OFS 497 crore]

Oswal pumps ipo price band is INR 584 – 614 per share

Oswal Pumps: History

The Company was originally incorporated on July 15, 2003, in New Delhi (India) as Oswal Pumps Private Limited, a private limited company under the Companies  Act,  1956.

At the board meeting, the company’s name was changed to Oswal Pumps Limited, and the Registrar of Companies issued a fresh certificate of incorporation on November 15, 2006.

Oswal Pumps: Business

Oswal Pumps Limited is an India-based company that manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which it sells under the ‘Oswal’ brand.

The Company has over 21 years of experience in pumps encompassing  engineering,  product  design, manufacturing & testing and now become one of the fastest growing companies in the field of –

• solar pumps,
• submersible pumps,
• monoblock pumps,
• pressure pumps,
• sewage pumps,
• electric motors,
• submersible winding wires & cables, and
• electric panels

The Company also caters to the diverse requirements of end-users in the agricultural sector for irrigating fields;

the residential sector for maintaining gardens and fountains, extracting water, supplying water to overhead tanks and cleaning households and small establishments; commercial premises such as shopping malls, offices and hotels;

industries that use the company’s pumps in boilers and water treatment, water transportation and sewage applications and use the company’s electric motors in machinery applications and cooling tower systems.

ISO Certification

The company is an ISO 9001:2015 certified company, and its products are ISI-marked and BEE-marked.

Oswal Pumps Limited is one of the leading manufacturers of energy-efficient stainless steel pumps in India, and its products are 5-star rated from BEE (Bureau of Energy Efficiency).

Network

Oswal Pumps Limited offers more than 1000 varieties of products to the market through a wide distributor & dealer network all over India.

The Company has successfully exported its products to 20 countries including Australia, Bangladesh, Cyprus & Dubai and is looking to expand to 50 countries in the near future.

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Strategies Ahead

• Backward integration in pump manufacturing value chain,
• Enhance automation in pump manufacturing and strengthen capabilities through strategic acquisitions
• Continue to focus on government schemes and maintain a leadership position
• Increase manufacturing capacity for solar modules
• Introduce new products in the industrial pumps and electric motors categories.
• Increase presence in select geographies in India and growing exports

Company Promoters

1. Vivek Gupta,
2. Amulya Gupta,
3. Shivam Gupta,
4. Ess Aar Corporate Services Private Limited,
5. Shorya Trading Company Private Limited,
6. Singh Engcon Private Limited

IPO Details

Ipo date = 13 June to 17 June 2025

Minimum Amount = INR 14,736

Minimum Bid = 24 Shares

Face Value (FV) = INR 1

Listing On = NSE, BSE

Book Running Lead Managers

IIFL Capital Services Limited,

Axis Capital Limited,

Clsa India Private Limited,

Jm Financial Limited,

Nuvama Wealth Management Limited

FINANCIALS

CONCLUSION

FinBlab recommends ‘SUBSCRIBE‘ ratings on Oswal Pumps IPO

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Oswal Pumps IPO – Review appeared first on Upcoming ipos: Latest news on stocks, economy & finance.