Oswal Pumps IPO to open for bidding on June 13: Here's all you need to know

Oswal Pumps IPO: Oswal Pumps, a manufacturer and distributor of pumps, is set to launch its initial public offering (IPO) on June 13, 2025. The issue comprises a fresh issuance of ₹890 crore and an offer-for-sale (OFS) component of 8.1 million shares. Vivek Gupta, chairman and managing director is the promoter selling shareholder. The price bands for Oswal Pumps IPO are yet to be announced.
Oswal Pumps IPO key dates
According to the RHP, the three-day subscription window will tentatively close on Tuesday, June 17, 2025. The anchor investor bid period shall be one working day before the issue opening date i.e. Thursday, June 12, 2025. The basis of the allotment of shares is likely to be finalised on or before Wednesday, June 18, 2025. Shares of Oswal Pumps will be listed on both the exchanges, National Stock Exchange and BSE, tentatively on Friday, June 20, 2025.
Oswal Pumps IPO registrar, lead manager
MUFG Intime India, formerly Link Intime India, is the registrar of the issue. IIFL Capital Services, Axis Capital, CLSA India, JM Financial and Nuvama Wealth Management are the book-running lead managers. ALSO READ |
Oswal Pumps IPO objective
According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company plans to use ₹89.86 crore for funding certain capital expenditures, ₹272.75 crore for investment in its wholly-owned subsidiary, Oswal Solar, in the form of equity, for funding the setting up of new manufacturing units at Karnal, Haryana. In addition, ₹280 crore will be used for prepayment or repayment, in part or full, of certain outstanding borrowings and ₹31 crore for repayment or prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar. The remaining funds will be used for general corporate purposes.
About Oswal Pumps
Incorporated in 2003, Oswal Pumps 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. It caters to the diverse requirements of end-users in the agricultural sector, the residential sector, commercial premises such as shopping malls, offices and hotels, and various industries. As of December 31, 2024, the company has executed orders for 38,132 Turnkey Solar pumping Systems directly under the PM Kusum Scheme for several states such as Haryana, Rajasthan, Uttar Pradesh and Maharashtra. It operates a manufacturing facility located at Karnal, Haryana, which is one of India's largest single-site facilities for manufacturing pumps, covering a total land area of 41,076 square meters as of December 31, 2024.
Oswal Pumps financial overview
In the nine-month period ended December 31, 2024, the company posted revenue from operations of ₹1,065.6 crore and PAT of ₹216.7 crore. In the financial year 2023-24 (FY24), Oswal Pumps reported revenue from operations of ₹758.5 crore, up 97 per cent from ₹385 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹97.6 crore in FY24, nearly a two-fold jump from ₹34.1 crore in FY23. Its earnings before interest, tax, depreciation and amortisation (Ebitda) rose 1.5 times from ₹57.8 crore in FY23 to ₹150 crore in FY24.

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Economic Times

2 days ago

• Economic Times

Oswal Pumps shares rise 3% post listing below GMP; brokerages recommend holding for long term

ADVERTISEMENT What analysts are saying ADVERTISEMENT ADVERTISEMENT Business snapshot and use of funds ADVERTISEMENT ADVERTISEMENT Shares of Oswal Pumps climbed as much as 2.7% in early trade on Friday to Rs 649.15 on the BSE , after listing at Rs 632 apiece, marking a muted debut below grey market expectations. On the NSE , the stock opened slightly higher at Rs 634, a 3.26% premium over the issue price of Rs 614. Despite the underwhelming start, brokerages remain optimistic about the stock's long-term potential, citing strong fundamentals and favourable policy of the listing, the IPO's grey market performance had indicated a GMP of Rs 41, or 6.68%, implying a potential listing around Rs 655 per share. Instead, the stock settled in the low Rs 630s, even as the Sensex and Nifty gained 0.3% each in morning Rs 1,387.34-crore IPO, which ran from June 13–17, saw strong demand, particularly from institutional investors. The QIB segment was subscribed 88.08 times, NIIs 36.70 times, and retail investors 3.60 times. The offer comprised a fresh issue of Rs 890 crore and an offer-for-sale of Rs 497.34 crore by promoter Vivek Gupta.'Despite the recovering mood in the market and robust response from all sets of investors, Oswal Pumps' listing was well below our expectations,' said Prashanth Tapse, Senior VP (Research) at Mehta Equities. 'We continue to believe the IPO demand was driven by attractive valuation levels, offering reasonable long-term upside potential along with a well-diversified product portfolio across agriculture, industrial, and domestic water solutions.'Tapse added, 'We also see the company's strategic positioning benefiting from ongoing government infrastructure and rural development initiatives, especially those focused on water management and irrigation. We view Oswal Pumps as a compelling long-term investment opportunity, well-aligned with the government's continued emphasis on rural electrification and the promotion of solar-powered irrigation systems.'Mehta Equities has recommended a 'Hold' for investors allotted shares in the IPO. For those who missed out, Tapse advised: 'Consider accumulating on any dips post-listing, particularly if broader market sentiment causes short-term volatility. The business offers a strong combination of sectoral tailwinds and value-based fundamentals.'Gaurav Garg, from Lemonn Markets Desk, echoed the sentiment: 'Oswal Pumps Limited made its stock market debut today, June 20, 2025. The company's shares opened at Rs 634 on the NSE and Rs 632 on the BSE, registering a modest premium of 3.26% and 2.93%, respectively, over the issue price of Rs 614.''Backed by strong fundamentals, a solid anchor book, and robust institutional participation, Oswal Pumps has drawn positive market sentiment. Listing gains are expected to be in the range of 8–12%, with long-term prospects buoyed by the government's thrust on rural electrification and solar-powered irrigation systems,' Garg in 2003, Oswal Pumps has evolved from manufacturing low-speed monoblock pumps to offering a full suite of submersible pumps, electric motors, and solar water systems. The company has installed over 26,000 solar pumps under government schemes and exports to 17 the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 IPO proceeds will be used for a mix of debt repayment and capacity expansion. The company plans to allocate Rs 280 crore for loan repayments, Rs 272.76 crore to invest in its subsidiary Oswal Solar, and Rs 89.86 crore for capital expenditure, including new manufacturing units in Karnal, investors who participated ahead of the IPO include Societe Generale, BNP Paribas , Smallcap World Fund Inc., ICICI Prudential , Kotak Mahindra MF, Quant MF, Amundi Funds, and others, committing Rs 416.20 crore at the upper end of the price band.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Time of India

2 days ago

• Time of India

Oswal Pumps shares rise 3% post listing below GMP; brokerages recommend holding for long term

What analysts are saying Live Events Business snapshot and use of funds (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Oswal Pumps climbed as much as 2.7% in early trade on Friday to Rs 649.15 on the BSE , after listing at Rs 632 apiece, marking a muted debut below grey market expectations. On the NSE , the stock opened slightly higher at Rs 634, a 3.26% premium over the issue price of Rs 614. Despite the underwhelming start, brokerages remain optimistic about the stock's long-term potential, citing strong fundamentals and favourable policy of the listing, the IPO's grey market performance had indicated a GMP of Rs 41, or 6.68%, implying a potential listing around Rs 655 per share. Instead, the stock settled in the low Rs 630s, even as the Sensex and Nifty gained 0.3% each in morning Rs 1,387.34-crore IPO, which ran from June 13–17, saw strong demand, particularly from institutional investors. The QIB segment was subscribed 88.08 times, NIIs 36.70 times, and retail investors 3.60 times. The offer comprised a fresh issue of Rs 890 crore and an offer-for-sale of Rs 497.34 crore by promoter Vivek Gupta.'Despite the recovering mood in the market and robust response from all sets of investors, Oswal Pumps' listing was well below our expectations,' said Prashanth Tapse, Senior VP (Research) at Mehta Equities. 'We continue to believe the IPO demand was driven by attractive valuation levels, offering reasonable long-term upside potential along with a well-diversified product portfolio across agriculture, industrial, and domestic water solutions.'Tapse added, 'We also see the company's strategic positioning benefiting from ongoing government infrastructure and rural development initiatives, especially those focused on water management and irrigation. We view Oswal Pumps as a compelling long-term investment opportunity, well-aligned with the government's continued emphasis on rural electrification and the promotion of solar-powered irrigation systems.'Mehta Equities has recommended a 'Hold' for investors allotted shares in the IPO. For those who missed out, Tapse advised: 'Consider accumulating on any dips post-listing, particularly if broader market sentiment causes short-term volatility. The business offers a strong combination of sectoral tailwinds and value-based fundamentals.'Gaurav Garg, from Lemonn Markets Desk, echoed the sentiment: 'Oswal Pumps Limited made its stock market debut today, June 20, 2025. The company's shares opened at Rs 634 on the NSE and Rs 632 on the BSE, registering a modest premium of 3.26% and 2.93%, respectively, over the issue price of Rs 614.''Backed by strong fundamentals, a solid anchor book, and robust institutional participation, Oswal Pumps has drawn positive market sentiment. Listing gains are expected to be in the range of 8–12%, with long-term prospects buoyed by the government's thrust on rural electrification and solar-powered irrigation systems,' Garg in 2003, Oswal Pumps has evolved from manufacturing low-speed monoblock pumps to offering a full suite of submersible pumps, electric motors, and solar water systems. The company has installed over 26,000 solar pumps under government schemes and exports to 17 the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 IPO proceeds will be used for a mix of debt repayment and capacity expansion. The company plans to allocate Rs 280 crore for loan repayments, Rs 272.76 crore to invest in its subsidiary Oswal Solar, and Rs 89.86 crore for capital expenditure, including new manufacturing units in Karnal, investors who participated ahead of the IPO include Societe Generale, BNP Paribas , Smallcap World Fund Inc., ICICI Prudential , Kotak Mahindra MF, Quant MF, Amundi Funds, and others, committing Rs 416.20 crore at the upper end of the price band.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Mint

2 days ago

• Mint

Oswal Pumps share price gains after muted listing. Should you buy, sell or hold?

Oswal Pumps share price traded higher on Friday after making a muted debut in the Indian stock market today. Oswal Pumps IPO listing date was today, 20 June 2025, and the equity shares of the company were listed on BSE and NSE. Oswal Pumps shares were listed at ₹ 634 per share on NSE, a premium of 3.26% to the issue price of ₹ 614 apiece. On BSE, Oswal Pumps share price opened at ₹ 632 apiece, higher by 2.93% than the issue price. Soon after the listing, Oswal Pumps share price rose to a high of ₹ 649.15 apiece on the BSE, and ₹ 652.00 apiece on NSE. Oswal Pumps IPO listing today was below Street expectations. Oswal Pumps IPO GMP today, or grey market premium today, signalled the debut at around 7% premium. As Oswal Pumps share listing is done, here's what analysts suggest about the stock. Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd noted that despite recovering mood in the market and robust response from all sets of investors, Oswal Pumps listing was well below expectation. 'We view Oswal Pumps as a compelling long-term investment opportunity, well-aligned with the government's continued emphasis on rural electrification and promotion of solar-powered irrigation systems. Post listing, we continue to recommend a 'Hold' for the long term, as the company is well-positioned to benefit from structural growth drivers in the agri and infrastructure sectors,' said Tapse. For non-allotted investors, he suggests considering accumulating Oswal Pumps shares on any dips post-listing, particularly if broader market sentiment causes short-term volatility. 'The business offers a strong combination of sectoral tailwinds and value-based fundamentals,' Tapse added. Mahesh M. Ojha, AVP Research and Business Development at Hensex Securities Pvt Ltd, advises long-term investors may consider holding Oswal Pumps shares, especially given the company's scale, market share, and alignment with India's renewable and agri-infra goals. The solar pump space offers secular growth opportunities, and Oswal Pumps is well-positioned. 'Short-term investors who entered purely for listing gains might consider partially booking profits if Oswal Pumps share price rises above ₹ 675, but keeping some exposure could be prudent, given potential re-rating as visibility improves post-listing. New investors should wait for some price discovery post-listing before making fresh allocations, especially given the broader market volatility and potential post-listing selling pressure,' Ojha said. He believes Oswal Pumps stock presents a compelling long-term story, particularly for investors with a medium- to long-term horizon aligned with India's clean energy and agri-tech themes. At 1:10 PM, Oswal Pumps share price was trading 1.55% higher from listing price and up 4.53% from issue price at ₹ 641.80 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.