Latest news with #Karnal-based
Economic Times
19 hours ago
- Business
- Economic Times
Oswal Pumps set to debut today. GMP signals modest listing gain
Oswal Pumps is scheduled to make its debut on the NSE and BSE on Friday after a strong response to its Rs 1,387 crore IPO, which closed on June 17. Market participants are eyeing a listing premium of around Rs 41, going by the latest grey market premium (GMP), which indicates a possible upside of 6–7% over the issue price of Rs 614 per share. ADVERTISEMENT The IPO, which comprised a fresh issue of shares worth Rs 890 crore and an offer for sale of Rs 497.34 crore, was subscribed 34.42 times overall. The Qualified Institutional Buyers (QIBs) portion led the charge with a subscription of 88.08 times, followed by 36.70 times in the NII segment, and 3.60 times in the retail category. Anchor investors had already committed Rs 416.20 crore ahead of the public offering. Analysts remain positive on the company's long-term outlook. Mehta Equities, in its pre-listing note, has advised allotted investors to hold for the long term, citing Oswal's diversified product base across the agriculture, industrial, and domestic water segments, and its potential to benefit from the government's push for rural infrastructure and solar-powered irrigation systems."Despite market volatility, the strong QIB and HNI response reflects confidence in the company's fundamentals," said Prashanth Tapse, Research Analyst at Mehta Equities. He expects a 10–15% listing gain, backed by Oswal's strategic market position and valuation in 2003, Karnal-based Oswal Pumps has executed over 26,000 solar pump installations under government schemes and exports to 17 countries. In the nine months ending December 2024, the company reported a revenue of Rs 1,067 crore and net profit of Rs 216 crore, reflecting robust operational performance. ADVERTISEMENT For investors who missed out on allotment, Mehta Equities suggests looking to accumulate on dips post-listing, especially if broader market weakness weighs on initial performance. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Oswal Pumps IPO allotment to be finalised today. Check status, GMP and other details
The allotment status for Oswal Pumps's Rs 1,387 crore IPO will be finalised today. Investors can now check their application status through the registrar Link Intime's website. The company is set to make its debut on the BSE and NSE on June 20. The IPO, which opened for subscription on June 13 and closed on June 17, comprised a fresh issue of shares worth Rs 890 crore and an offer-for-sale (OFS) component of Rs 497.34 crore by promoters. The price band was fixed at Rs 584 to Rs 614 per share, with a lot size of 24 shares. The issue was subscribed 34.42 times overall, led by strong interest from institutional investors. The QIB portion saw 88.08 times subscription, NIIs 36.70 times, and the retail segment 3.60 times. Anchor investors, who came in a day ahead of the opening, contributed Rs 416.20 crore. The allotment status can be checked via these links: 1) Link Intime Portal ( ) 2) Select "Oswal Pumps Limited" from the dropdown 3) Enter PAN, application number, or DP/Client ID to view allotment details Check on BSE Website 1) Visit: 2) Select 'Equity' and then 'Oswal Pumps Limited' from the dropdown menu. 3) Enter your application number and PAN. Founded in 2003, Oswal Pumps is a Karnal-based pump and motor manufacturer. The company has executed over 26,000 solar pump installations under the PM-KUSUM scheme and exports to 17 countries. It offers a wide range of products, including submersible pumps, solar systems, electric motors, and control panels. Financially, the company has posted a sharp rise in revenue and profit. For the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 crore, with a stellar return on net worth of 88.73 percent. The post-issue P/E is estimated at 24.22x. With listing around the corner, all eyes are now on how the stock performs in a market where sentiment around infrastructure and energy-linked plays remains strong. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
3 days ago
- Business
- Economic Times
Oswal Pumps IPO allotment to be finalised today. Check status, GMP and other details
The allotment status for Oswal Pumps's Rs 1,387 crore IPO will be finalised today. Investors can now check their application status through the registrar Link Intime's website. The company is set to make its debut on the BSE and NSE on June 20. ADVERTISEMENT The IPO, which opened for subscription on June 13 and closed on June 17, comprised a fresh issue of shares worth Rs 890 crore and an offer-for-sale (OFS) component of Rs 497.34 crore by promoters. The price band was fixed at Rs 584 to Rs 614 per share, with a lot size of 24 shares. The issue was subscribed 34.42 times overall, led by strong interest from institutional investors. The QIB portion saw 88.08 times subscription, NIIs 36.70 times, and the retail segment 3.60 times. Anchor investors, who came in a day ahead of the opening, contributed Rs 416.20 crore. 1) Link Intime Portal ( Select "Oswal Pumps Limited" from the dropdown ADVERTISEMENT 3) Enter PAN, application number, or DP/Client ID to view allotment details 1) Visit: ADVERTISEMENT 2) Select 'Equity' and then 'Oswal Pumps Limited' from the dropdown menu.3) Enter your application number and PAN. ADVERTISEMENT Founded in 2003, Oswal Pumps is a Karnal-based pump and motor manufacturer. The company has executed over 26,000 solar pump installations under the PM-KUSUM scheme and exports to 17 countries. It offers a wide range of products, including submersible pumps, solar systems, electric motors, and control the company has posted a sharp rise in revenue and profit. For the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 crore, with a stellar return on net worth of 88.73 percent. The post-issue P/E is estimated at 24.22x. ADVERTISEMENT With listing around the corner, all eyes are now on how the stock performs in a market where sentiment around infrastructure and energy-linked plays remains strong. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
09-06-2025
- Business
- Economic Times
Oswal Pumps files DRHP for Rs 890 crore IPO
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Oswal Pumps, a Karnal-based manufacturer of pumping solutions and solar water pumping systems, has filed its Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to raise up to Rs 890 crore through an initial public offering (IPO), which includes a fresh issue and an offer for sale (OFS) by promoter Vivek IPO comprises a fresh issue aggregating up to Rs 890 crore and an OFS of up to 81 lakh equity shares by Vivek Gupta, the promoter selling shareholder. The company may consider a pre-IPO placement of specified securities; if undertaken, the size of the fresh issue would be reduced from the fresh issue will be used to fund corporate objectives as laid out in the offer documents, while the promoter will receive the proceeds from the OFS IPO will follow the book-building route and is proposed to be listed on the BSE and the NSE. The company has appointed IIFL Capital, Axis Capital , CLSA India, JM Financial , and Nuvama Wealth Management as the book-running lead managers, while MUFG Intime India has been appointed as the registrar to the bidding for anchor investors will open on June 12, 2025. The issue will open for public subscription on June 13 and close on June per the offer structure, not more than 50% of the issue will be allocated to qualified institutional buyers (QIBs), at least 15% to non-institutional investors (NIIs), and a minimum of 35% will be reserved for retail individual investors (RIIs), per SEBI in 2003 and headquartered in Haryana, Oswal Pumps has grown into an integrated player with a presence across pumps, motors, pipes, and turnkey solar water pumping systems. It operates through subsidiaries Oswal Solar Structure Pvt Ltd and Oswal Green Industries Pvt Ltd, and is backed by a promoter group that includes Vivek Gupta, Amulya Gupta, and Shivam Gupta, along with three corporate promoter equity shares will have a face value of Rs 1 each. The price band, minimum bid lot, and final offer size will be disclosed in subsequent filings and advertisements before the offer opening date.
Time of India
09-06-2025
- Business
- Time of India
Oswal Pumps files DRHP for Rs 890 crore IPO
Oswal Pumps, a Karnal-based manufacturer of pumping solutions and solar water pumping systems, has filed its Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to raise up to Rs 890 crore through an initial public offering (IPO), which includes a fresh issue and an offer for sale (OFS) by promoter Vivek Gupta. The IPO comprises a fresh issue aggregating up to Rs 890 crore and an OFS of up to 81 lakh equity shares by Vivek Gupta, the promoter selling shareholder. The company may consider a pre-IPO placement of specified securities; if undertaken, the size of the fresh issue would be reduced accordingly. Proceeds from the fresh issue will be used to fund corporate objectives as laid out in the offer documents, while the promoter will receive the proceeds from the OFS component. The IPO will follow the book-building route and is proposed to be listed on the BSE and the NSE. The company has appointed IIFL Capital, Axis Capital , CLSA India, JM Financial , and Nuvama Wealth Management as the book-running lead managers, while MUFG Intime India has been appointed as the registrar to the issue. The bidding for anchor investors will open on June 12, 2025. The issue will open for public subscription on June 13 and close on June 17. As per the offer structure, not more than 50% of the issue will be allocated to qualified institutional buyers (QIBs), at least 15% to non-institutional investors (NIIs), and a minimum of 35% will be reserved for retail individual investors (RIIs), per SEBI regulations. Also read | IPO calendar: 4 new issues, 1 listing lined up in a busy mid-June week Founded in 2003 and headquartered in Haryana, Oswal Pumps has grown into an integrated player with a presence across pumps, motors, pipes, and turnkey solar water pumping systems. It operates through subsidiaries Oswal Solar Structure Pvt Ltd and Oswal Green Industries Pvt Ltd, and is backed by a promoter group that includes Vivek Gupta, Amulya Gupta, and Shivam Gupta, along with three corporate promoter entities. The equity shares will have a face value of Rs 1 each. The price band, minimum bid lot, and final offer size will be disclosed in subsequent filings and advertisements before the offer opening date.
