OSWALPUMPS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oswal Pumps Ltd has submitted its Q4 FY2026 monitoring report for the IPO proceeds. The IPO, which opened on June 13, 2025, raised INR 890 crore in gross proceeds (net proceeds INR 841.514 crore). ICRA reports no material deviation overall, with INR 618.65 crore utilized out of INR 890 crore, leaving INR 271.35 crore unutilized. However, ICRA flagged that purchases for capital expenditure and Oswal Solar manufacturing investment do not align with vendor specifications in the prospectus. Prepayment of company borrowings (INR 280 crore) and Oswal Solar borrowings (INR 31 crore) were completed on schedule. Unutilized funds are parked in Fixed Deposits with Axis Bank and SBI earning 6.25-6.40% returns.
Minor concern flagged by ICRA regarding vendor specification deviations, though no material deviation declared overall. Capital expenditure utilization is significantly behind schedule with only 29% spent. Investors should monitor upcoming utilization for Oswal Solar manufacturing expansion.