Upcoming IPO: Oswal Energies Files DRHP with SEBI to Raise Funds via IPO

Gujarat-based Oswal Energies, a prominent player in the engineering, procurement, and construction (EPC) space, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company aims to raise capital to support its growth plans and strengthen its financial position.

Oswal Energies IPO Details

The upcoming IPO comprises a fresh issue of equity shares worth ₹250 crore, along with an offer for sale (OFS) of 46 lakh equity shares by the promoter group, the Bokadia family. The OFS will enable the promoters to partially offload their stake while providing an exit opportunity for early stakeholders.

Use of IPO Proceeds

Out of the ₹250 crore expected from the fresh issue, Oswal Energies plans to deploy ₹177.1 crore toward its long-term working capital requirements. The remaining proceeds will be used for general corporate purposes, helping the company enhance operational efficiency, invest in technology upgrades, and explore new growth avenues.

Also Read: Upcoming IPOs This Week: 5 Mainboard and 6 SME IPO Set to Open

About Oswal Energies Limited

Oswal Energies operates as a full-spectrum EPC company, also engaged in the manufacturing of process equipment and package systems. The company provides turnkey solutions—from concept to commissioning—for various segments within the energy sector, including oil & gas, power, and petrochemicals. Its manufacturing operations are based in Gandhinagar, Gujarat, supporting large-scale industrial projects across India.

Over the last three fiscal years, Oswal Energies has successfully executed five major EPC projects valued at ₹334.9 crore. In parallel, its heavy engineering division has completed 21 contracts totaling ₹99.2 crore. As of March 2025, the company is working on four EPC projects worth ₹720.5 crore and three heavy engineering contracts amounting to ₹115.3 crore. This robust project pipeline reflects the company’s operational capabilities and market credibility.

The company has delivered a strong financial performance in FY25, with net profit jumping 118.8% to ₹65.8 crore from ₹30 crore in the previous year. Revenue also saw a significant uptick, rising 60.5% to ₹410.9 crore from ₹256 crore in FY24. These figures underline the company’s sustained growth momentum and improved profitability.

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