Oswal Pumps: Final Monitoring Agency Report for IPO Proceeds

Oswal Pumps Limited has released its final Monitoring Agency report for the quarter ended September 30, 2026, prepared by ICRA Limited. The report confirms that the utilization of proceeds from the company's Initial Public Offer (IPO) is in line with the objects disclosed in the offer document, with no material deviation observed. The IPO, which raised INR 1387.34 Crore (Gross Proceeds of INR 890.00 Crore), was for the issuance of 22,595,114 equity shares. ICRA Limited, appointed as the Monitoring Agency, has reviewed the utilization based on issuer confirmations and bank statements, finding the spending to be consistent with the IPO's objectives. The report is available on the company's website.