Latest news with #Oswal
Mint
17 hours ago
- Business
- Mint
Oswal Pumps Share Price Live: Stock makes a lukewarm debut, opens with 3.26% premium at ₹634 on NSE
Oswal Pumps Share Price Live: Oswal Pumps share price made a tepid debut on the bourses today. On NSE, Oswal Pumps share price opened at ₹ 634 per share, 3.26% higher than the issue price of ₹ 614. On BSE, Oswal Pumps share price today opened at ₹ 632 apiece, up 2.93% than the issue price. The initial public offering for shares began on June 13 and ended on June 17. Oswal Pumps IPO allotment was finalised on Wednesday, June 18. A notice on the BSE indicated the equity shares of Oswal Pumps Limited are available for trading on the Exchange as part of the 'B' Group of Securities. Oswal Pumps IPO price band was fixed in the range of ₹ 584 to ₹ 614 per equity share of the face value of Re 1. Oswal Pumps IPO lot size was 24 equity shares and in multiples of 24 equity shares thereafter. Oswal Pumps IPO subscription status was 34.42 times by the end of the bidding period. The allocation for Qualified Institutional Buyers (QIBs) saw a subscription rate of 88.08 times, while the non-institutional investors' category was subscribed 36.70 times. Retail Individual Investors (RIIs) experienced a subscription rate of 3.60 times. Half of the total issue size has been allocated for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional buyers. Oswal Pumps started its journey in 2003, initially producing low-speed monoblock pumps, and has since broadened its scope to include the production of grid-connected submersible pumps and electric motors. The company produces both solar-powered and grid-connected submersible and monoblock pumps, as well as electric motors, which include induction and submersible varieties, in addition to solar modules, all marketed under the 'Oswal' brand. Mahesh M. Ojha, AVP of Research and Business Development at Hensex Securities Pvt Ltd, recommends that investors adopt a medium to long-term holding strategy. Short-term investors who have entered solely for listing gains might think about partially realizing profits if the stock opens at or above ₹ 675; however, maintaining some exposure could be wise due to potential re-rating as clarity improves after the listing. Long-term investors may want to continue holding, especially considering the company's size, market share, and its alignment with India's renewable energy and agricultural infrastructure objectives. The solar pump sector presents consistent growth opportunities, and Oswal is strategically well-placed. Oswal Pumps secured ₹ 416.2 crore from anchor investors just one day prior to the commencement of its initial public offering for public subscription. Among the anchor investors are ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Aditya Birla Sun Life Mutual Fund, Quant Mutual Fund, Societe Generale, Edelweiss Life Insurance, BNP Paribas, the Paris-based asset management firm Amundi, and the financial services company Capital Group, as stated in a circular published on the BSE's website. According to the circular, Oswal Pumps allocated 67,78,533 equity shares to these anchor investors at a price of ₹ 614 per equity share, which corresponds to the upper limit of the pricing range. The lower limit of the IPO has been set at ₹ 584 per share. Oswal Pumps share price made a tepid debut on the bourses today. On NSE, Oswal Pumps share price opened at ₹ 634 per share, 3.26% higher than the issue price of ₹ 614. On BSE, Oswal Pumps share price today opened at ₹ 632 apiece, up 2.93% than the issue price. According to Mahesh AVP Research and Business development, Hensex Securities Pvt Ltd, the Oswal Pumps IPO has garnered strong investor interest across segments This is a clear indicator of positive market sentiment, bolstered by -a solid anchor book and credible domestic and global institutional participation. The listing is expected to be between 8-12% premium over the upper band of ₹ 614. Prashanth Tapse suggests that due to robust subscription demand and current market trends, Tapse expects Oswal Pumps to list with a gain of around 10–15%. The IPO was heavily oversubscribed, indicating strong confidence in the company's fundamentals and valuation. 'We consider Oswal Pumps to be an attractive long-term investment option, particularly in line with the government's ongoing focus on rural electrification and the advancement of solar-powered irrigation systems,' said Tapse. Oswal Pumps IPO GMP today is +41. This indicates Oswal Pumps share price was trading at a premium of ₹ 41 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Oswal Pumps share price is indicated at ₹ 655 apiece, which is 6.68% higher than the IPO price of ₹ 614. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The initial public offering (IPO) consists of a new issue of shares valued at ₹ 890 crore, along with an offer-for-sale (OFS) of 81 lakh shares worth ₹ 497.34 crore, at the highest end of the price range, by promoter Vivek Gupta. This brings the total size of the issue to ₹ 1,387.34 crore. Funds obtained from the new share issue will be allocated to several capital expenditures, investments in the wholly owned subsidiary Oswal Solar in the form of either debt or equity, the establishment of new manufacturing units in Karnal, Haryana, debt repayment, and other general corporate needs.
Business Standard
18 hours ago
- Business
- Business Standard
Oswal Pumps gains on debut
Shares of Oswal Pumps were currently trading at Rs 641.20 at 10:14 IST on the BSE, representing a premium of 4.43% compared with the issue price of Rs 614. The scrip was listed at 632, matching the initial public offer (IPO) price. The stock was currently up 2.93% over its listing price. So far, the stock has hit a high of 646.25 and a low of 625.20. On the BSE, over 6.96 lakh shares of the company were traded in the counter so far. The initial public offer of Oswal Pumps was subscribed 34.42 times. The issue opened for bidding on 13 June 2025 and it closed on 17 June 2025. The price band of the IPO is fixed between Rs 584 and 614 per share. The issue comprised both a fresh issue of equity shares upto Rs 890 crore and an offer for sale up to 81,00,000 equity shares by Vivek Gupta, one of the promoters of the company. The company proposes to utilize the net proceeds from the issue towards capital expenditure of Rs 89.86 crore; Rs 272.76 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; Rs 280 crore for prepayment/repayment, in part or full, of certain outstanding borrowings availed by the company; Rs 31 crore for investment in its wholly-owned subsidiary, Oswal Solar, in the form of equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar; and general corporate purposes. Oswal Pumps, established by Padam Sain Gupta (father of Vivek Gupta, one of its promoters and chairman and managing director), commenced its operations in 2003 with the manufacturing of low-speed monoblock pumps. The company manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, and solar modules, which it sells under the Oswal brand. It is one of the few fully integrated turnkey solar pumping system providers in India with the capability to manufacture solar-powered agricultural pumps, solar modules and pump controllers and provide installation services for such systems. Sales of majority of its products are geographically concentrated, with the four states of Haryana, Maharashtra, UttarPradesh and Rajasthan accounting for 90.47% and 90.78% of its 9mFY25 and FY24 revenue Ahead of the IPO, Oswal Pumps on Thursday, 12 June 2025, raised Rs 416.20 crore from anchor investors. The board allotted 67,78,533 shares at Rs 614 each to 25 anchor investors. The firm reported a consolidated net profit of Rs 215.80 crore and a total income of Rs 1,065.67 crore for the nine months ended on 31 December 2024.
Economic Times
20 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)
Business Standard
3 days ago
- Business
- Business Standard
Oswal Pumps IPO ends with 34.42x subscription
The offer received bids for 55.80 crore shares as against 1.62 crore shares on offer. The initial public offer of Oswal Pumps received bids for 55,80,42,696 shares as against 1,62,12,980 shares on offer. The issue was subscribed 34.42 times. The Qualified Institutional Buyers (QIBs) category was subscribed 88.08 times. The Non-Institutional Investors (NIIs) category was subscribed 36.70 times. The Retail Individual Investors (RIIs) category was subscribed 3.60 times. The issue opened for bidding on 13 June 2025 and it closed on 17 June 2025. The price band of the IPO is fixed between Rs 584 and 614 per share. The issue comprised both a fresh issue of equity shares upto Rs 890 crore and an offer for sale up to 81,00,000 equity shares by Vivek Gupta, one of the promoters of the company. The company proposes to utilize the net proceeds from the issue towards capital expenditure of Rs 89.86 crore; Rs 272.76 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; Rs 280 crore for pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the company; Rs 31 crore for investment in its wholly-owned Subsidiary, Oswal Solar, in the form of equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar; and general corporate purposes. Oswal Pumps, established by Padam Sain Gupta (father of Vivek Gupta, one of its promoters and chairman and managing director), commenced its operations in 2003 with the manufacturing of low-speed monoblock pumps. The company manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, and solar modules, which it sells under the Oswal brand. It is one of the few fully integrated turnkey solar pumping system providers in India with the capability to manufacture solar-powered agricultural pumps, solar modules and pump controllers and provide installation services for such systems. Sales of majority of its products are geographically concentrated, with the four states of Haryana, Maharashtra, UttarPradesh and Rajasthan accounting for 90.47% and 90.78% of its 9mFY25 and FY24 revenue Ahead of the IPO, Oswal Pumps on Thursday, 12 June 2025, raised Rs 416.20 crore from anchor investors. The board allotted 67,78,533 shares at Rs 614 each to 25 anchor investors. The firm reported a consolidated net profit of Rs 215.80 crore and a total income of Rs 1,065.67 crore for the nine months ended on 31 December 2024.
Economic Times
3 days ago
- Business
- Economic Times
Motilal Oswal downgrades BSE to 'Neutral', cuts target price to Rs 2,300 on expiry shift impact
Motilal Oswal has downgraded BSE to 'Neutral' and cut its target price to Rs 2,300, citing potential market share loss after the exchange shifts its weekly Sensex derivatives expiry from Tuesday to Thursday, effective September 1, 2025. The brokerage expects the move to dent BSE's premium turnover share, which stood at 22.6% in May 2025. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Citing concerns over a potential market share loss following the shift in weekly contract expiries, domestic brokerage firm Motilal Oswal has downgraded its rating on BSE to 'Neutral' and revised its target price to Rs 2,300, implying a 14% downside from the previous closing price of Rs 2, downgrade follows BSE's announcement of a change in the expiry day for its weekly Sensex contracts—from uesday to Thursday—effective September 1, 2025. According to Motilal Oswal, the shift is expected to impact BSE's premium turnover market share, which stood at 22.6% in May 2025.'We note that this shift will lead to a loss in market share for BSE in terms of premium turnover, which stood at 22.6% in May '25,' the brokerage each trading day accounts for 18–22% of the week's total premium volume. BSE holds a market share of 8% on Wednesdays and Thursdays, and 21%, 24%, and 38% on Fridays, Mondays, and Tuesdays, respectively. 'Overlaying the current trends on the day-wise volume share for the week, we expect a market share loss of 350–400 basis points for BSE,' Motilal Oswal brokerage has also lowered its premium average daily turnover (ADTO) estimates for FY26/FY27 to Rs 137 billion and Rs 157 billion, respectively, down from Rs 155 billion and Rs 190 billion earlier. This results in a 9%/12% cut to its FY26/FY27 earnings estimates.'With the recent rally, the stock trades at a FY27E P/E of 53x—significantly higher than both its historical average and that of global peers,' the brokerage noted. It maintained its revised target price of Rs 2,300, valuing the stock at 45x FY27E P/ Oswal further explained that since the implementation of new F&O regulations in March 2025, each trading day has contributed 18–22% to the week's premium turnover. BSE's average market share stood at just 8% on Wednesdays and Thursdays, with stronger performance on other days. 'Assuming recent trends persist and applying them to the day-wise industry volume distribution, we estimate BSE's market share may decline to 18–19% from 22.6% in May 2025,' it impact of the expiry shift is expected to become visible from September 2025, when the new contracts take earlier regulatory changes introduced by SEBI since November 2024—including limiting weekly expiries to just one index per exchange and increasing the lot size of index derivatives—BSE's volumes had strengthened. Premium turnover ADTO rose from Rs 90 billion in October 2024 to Rs 159 billion in May 2025, supported by higher volumes on non-expiry days and the addition of over 100 colocation racks in March also reported a strong performance in Q4 FY25, with revenue and PAT rising 75% and 366% year-on-year, respectively, even as the broader capital markets faced a weak quarter. This performance led to upgrades in earnings estimates and a subsequent re-rating of the Motilal Oswal's downgrade, BSE shares fell as much as 6.15% to Rs 2,500 during Wednesday's trade on NSE.
