Hogan Lovells advises on US$164 million Oswal Pumps Limited IPO Page

The Hogan Lovells Capital Markets team was led by Biswajit Chatterjee, Head of the India Practice and Dubai Office Managing Partner, with support from counsels Varun Jetly and Kaustubh George; senior associate Aditya Rajput; and associates Sanjana Ravjiani and Aditya Dsouza.

The IPO was managed by IIFL Capital Services Limited, Axis Capital Limited, CLSA India Private Limited, JM Financial Limited, and Nuvama Wealth Management Limited.

The public issue was subscribed 34.42 times overall, including 88.08 times in the QIB category, and 36.70 times in the NII category.  It got listed on BSE and NSE on 20 June, 2025. 

This transaction reflects our team’s significant experience in the India renewables and solar power sector having advised on the IPO of Waaree Energies, ACME Solar and IREDA.

About Hogan Lovells India practice 

Hogan Lovells has built a market-leading India practice, drawing on extensive experiences, deep local relationships and in-depth market knowledge. Our dedicated team, spanning our global network, supports Indian and foreign clients in exploring investment opportunities, raising capital, restructuring business, developing infrastructure projects, and resolving disputes in and outside of India. As trusted legal advisors, we are recognized for an innovative approach to thought leadership, delivering timely and comprehensive insights on legal developments that shape our clients’ strategies and long-term business goals.