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Mint
13 hours ago
- Business
- Mint
Oswal Pumps IPO listing date today. GMP, experts signal debut of shares at decent premium in stock market today
Oswal Pumps IPO Listing: Oswal Pumps shares are set to make their debut in the Indian stock market today, June 20. The initial public offering (IPO) of the pumps manufacturer, Oswal Pumps Ltd, ended for bidding on June 17. Oswal Pumps IPO listing date is today, 20 June 2025. The offer was open from June 13 to June 17, and the Oswal Pumps IPO allotment date was June 18. The equity shares will be listed today, June 20, on BSE and NSE. 'Trading Members of the Exchange are hereby informed that effective from Friday, June 20, 2025, the equity shares of Oswal Pumps Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities,' a notice on the BSE said. Oswal Pumps shares will be a part of Special Pre-open Session (SPOS) on Friday, June 20, 2025, it added, and the stock will be available for trading from 10:00 AM. Ahead of the Oswal Pumps IPO listing today, investors wait for the trends in the grey market premium (GMP) to estimate the listing price. Oswal Pumps IPO GMP today and analysts signal decent listing gains for investors. Oswal Pumps shares are showing an upbeat trend in the unlisted market with a positive grey market premium (GMP) today. Oswal Pumps IPO GMP today is ₹ 41 per share. This signals that in the grey market, Oswal Pumps shares are trading higher by ₹ 41 than their issue price. Oswal Pumps IPO GMP today indicates that the estimated listing price of Oswal Pumps shares would be ₹ 655 apiece, which is at a premium of nearly 7% to the IPO price of ₹ 614 per share. Analysts also expect Oswal Pumps IPO listing price to be at a premium of around 8% - 12%. 'Despite prevailing stock market volatility, the Oswal Pumps IPO received a robust response from investors. We believe this overwhelming 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. We also see the company's strategic positioning to benefit from ongoing government infrastructure and rural development initiatives, especially those focused on water management and irrigation,' said Prashanth Tapse, Research Analyst at Mehta Equities Ltd. Given the strong subscription demand and ongoing market sentiment, Tapse anticipates a decent listing gain in the range of 10% – 15% for Oswal Pumps share debut. Mahesh M. Ojha, AVP Research and Business Development at Hensex Securities Pvt Ltd said that the Oswal Pumps IPO garnered strong investor interest across segments, which was 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. Given the company's leadership in the solar pump segment, its alignment with government-backed schemes like PM-KUSUM, and strong execution history, the listing premium appears justified,' Ojha said. The public issue opened for subscription on Friday, June 13, and closed on Tuesday, June 17. Oswal Pumps IPO allotment status was fixed on June 18, and the Oswal Pumps IPO listing date is today, June 20. Oswal Pumps shares will be listed on both the stock exchanges - BSE and NSE. Oswal Pumps IPO size was ₹ 1,387.34 crore which comprised a combination of fresh issue of 1.45 crore equity shares worth ₹ 890 crore, and an offer-for-sale (OFS) of 81 lakh equity shares amounting to ₹ 497.34 crore. Oswal Pumps IPO price band was ₹ 584 to ₹ 614 per share. The issue was subscribed 34.42 times, as it received total bids for 55.80 crore equity shares as against 1.62 crore shares on the offer, according to data on NSE. The retail portion was subscribed 3.60 times, and the Non Institutional Investors (NII) category was booked 36.70 times. The Qualified Institutional Buyers (QIBs) segment received 88.08 times bids. IIFL Capital Services, Axis Capital, CLSA India, JM Financial, Nuvama Wealth Management are the book running lead managers of the Oswal Pumps IPO, while MUFG Intime India is the IPO registrar. 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.
Time of India
2 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
2 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)
News18
3 days ago
- Business
- News18
Oswal Pumps IPO Closes Today: Should You Subscribe? Check Subscription Status, GMP
Last Updated: Oswal Pumps IPO GMP: Unlisted shares of Oswal Pumps Ltd are trading at Rs 674 apiece in the grey market, which is a 9.77% premium or GMP over the upper IPO price of Rs 614. Oswal Pumps IPO Day 3: The initial public offering of Oswal Pumps is going to be closed on Tuesday, June 17. The Rs 1,387.34-crore mainboard IPO has so far received a subdued response. Till 10:09 am on the final day of bidding on Tuesday, the IPO received a 2.04 times subscription, garnering bids for 3,23,03,304 shares as against 1,58,16,581 shares on offer. The retail and NII participation stood at 1.28 times and 6.17 times, respectively. Its qualified institutional buyer (QIB) category got a 0.28 times subscription. The Oswal Pumps IPO was opened on Friday, June 13. It received a 0.42 times subscription on Day 1 and a 1.65 times on Day 2. Oswal Pumps Limited, founded in July 2023, manufactures a wide range of pumps and related products for domestic, agricultural, and industrial use. Oswal Pumps IPO Price The price band has been fixed in the range of Rs 584-614 apiece. Oswal Pumps IPO Lot Size The minimum lot size is 24 shares, requiring a retail investment of Rs 14,016 (Rs 14,736 at cutoff price). For small NII, the minimum is 14 lots (336 shares) at Rs 2,06,304; and for big NII, 68 lots (1,632 shares) at Rs 10,02,048. Oswal Pumps IPO GMP Today According to market observers, unlisted shares of Oswal Pumps Ltd are currently trading at Rs 674 apiece in the grey market, which is a 9.77 per cent premium or GMP over the upper IPO price of Rs 614. It indicates listing gains for investors on June 20, the tentative listing date. The GMP has fallen since Day 1, which the grey market premium stood at nearly 11%. The shares will be listed on both BSE and NSE. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Oswal Pumps IPO: Should You Subscribe? Most analysts have given 'subscribe for long-term' rating to the IPO. Oswal Pumps is one of India's fastest-growing names in solar-powered solutions, and reported a CAGR of 45.1% between FY22 and FY24. The company is expected to grow at a rate of 11% in the next five years, the analysts said. However, the analysts also mentioned some risks, including the company's dependent on its top-10 customers (who account for nearly 80% of revenue from operations), government funding changes or policy changes (as the significant portion of Oswal Pumps' revenue is derived from turnkey solar pumping systems under PM-KUSUM), and the concentration of all of its manufacturing facilities at one place (Karnal, Haryana). Giving a 'subscribe' rating, Aditya Birla Money in its IPO note said, 'Oswal Pumps Ltd (OSPL) is one of India's fastest-growing names in solar-powered solutions. The company has carved a niche as a fully integrated manufacturer of solar and grid-connected submersible pumps, monoblock pumps, high-efficiency electric motors, and solar modules." It said that at the upper price band, OSPL is available at a reasonable valuation of 21x at its annualised 9MFY25 EPS. 'We have a SUBSCRIBE recommendation to this issue for the long-term," it said. Another brokerage firm BP Wealth in its note said, 'Given the company's strong brand equity in solar pumps, diversified product offerings, and integrated manufacturing capabilities, it is well-positioned to capitalise on these structural growth drivers. Its robust domestic distribution network and expanding presence in high-growth states further enhance its ability to monetise the sector's rising demand." The issue is valued at a price-to-earnings (P/E) ratio of 21.2x on the upper price band based on FY25 earnings (annualised), which is relatively cheaper compared to its peers. 'We recommend a 'SUBSCRIBE" rating for this issue," it added. Other brokerages Arihant Capital, Deven Choksey, GEPL Capital, Nirmal Bang, SBI Securities, and SMIFS have given the subscribe rating to the Oswal Pumps IPO. Oswal Pumps' Financials & Comparison With Peers The company recorded one of the highest EBITDA margins among peers in FY24 (30.1% in 9MFY25), up from 10.7% in FY22, showcasing clear operating leverage gains. However, competition from established peers and its dependency on tenders for its revenue, remain key risk factors to consider. Oswal Pump's competitors include Kisloskar Brothers, Shakti Pumps, WPIL, and Roto Pumps. Oswal Pumps IPO Objectives Oswal Pumps plans to utilise the IPO proceeds for capital expenditure (Rs 89.86 crore), investment in subsidiary Oswal Solar for new units in Karnal (Rs 272.76 crore), repayment of company borrowings (Rs 280 crore), repayment of Oswal Solar's loans (Rs 31 crore), and towards general corporate purposes. Oswal Pumps IPO: More Info Ahead of the IPO, Oswal Pumps on Thursday mobilised Rs 416.2 crore from anchor investors. The initial public offering (IPO) opened on June 13 and will be closed on June 17. Its allotment will take place on June 18, while its shares are scheduled to be listed on June 20 on both BSE and NSE. The IPO is a combination of a fresh issue of shares valued at Rs 890 crore and an offer-for-sale (OFS) of 81 lakh stocks worth Rs 497.34 crore at the upper end of the price band, by promoter Vivek Gupta. This aggregates the issue size at Rs 1,387.34 crore. IIFL Securities, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management are the book-running lead managers to the issue. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 17, 2025, 10:26 IST News business » ipo Oswal Pumps IPO Closes Today: Should You Subscribe? Check Subscription Status, GMP
Time of India
4 days ago
- Business
- Time of India
Demand is massive & supply is limited, we're here to fill that gap: Oswal Pumps top brass on Industry Landscape
STORY Oswal Pumps Limited, a leading manufacturer of water and solar pumps in India, has launched its ₹1,387 crore initial public offering. In an exclusive conversation with ET's Neha Vashishth, Chairman & MD Vivek Gupta and CFO Subodh Kumar lay out the company's expansion roadmap, financial performance, and what sets them apart in a rapidly growing solar pump industry. With operations spanning motors, controllers, and solar modules, the company is betting big on rural electrification, exports, and government schemes like PM-KUSUM. 'We're not just raising capital, we're expanding our family,' says Gupta, urging retail investors to be a part of Oswal's next growth phase. Excerpts: Q. The ₹1,387 crore issue of Oswal Pumps Limited has hit the markets. Can you briefly walk us through your business and its model? Vivek Gupta: Oswal Pumps is a diversified water pump manufacturing company. We produce a wide range of pumps, from industrial and domestic to agriculture-based off-grid pumps, as well as solar pumps. What sets us apart is our strong backward integration, we manufacture pump motors, controllers, and even solar modules and structures in-house. We operate in both the private and government sectors. Under the PM-KUSUM Yojana, we directly supply to government agencies and EPC players. We're also expanding into specialized segments like helical pumps, boiler feed pumps, PCB pumps, and chemical pumps. This integration helps us maintain control over quality and cost, ensuring robust margins. It also positions us strongly in both the domestic and export markets. Q. Let's talk numbers. How has Oswal Pumps performed financially? Subodh Kumar: As of March 31, 2024, we recorded total revenue of ₹758 crore. For the nine months ended December 31, 2024, revenue stood at approximately ₹1,650 crore — a significant year-on-year growth. Live Events Our gross margins improved from 35% (FY24) to 45% during the nine-month period. PAT margins also increased from 13% to 20%, reflecting strong operational efficiency and profitability. Q. What about your future plans? Any expansion on the cards? Vivek Gupta: Absolutely. With this IPO, we aim to scale up our production capacity, especially in the solar pumps segment, which is growing rapidly. The government's goal to support over 8 crore farmers under the PM-KUSUM scheme creates immense market potential. We plan to expand our backward-integrated operations to better serve both government and private sector demands. Q. What differentiates Oswal Pumps from other players in the Indian market? Vivek Gupta: Right now, the market is vast and largely untapped. Only about 7.5 lakh solar pumps have been installed so far across India, so there's plenty of headroom for all players. That said, our deep backward integration, end-to-end manufacturing capabilities, and experience give us a unique edge. We focus heavily on profitability and sustainability, which allows us to remain competitive in a cost-sensitive market. Q. How has the solar and pump manufacturing industry evolved over the last five years? And is Oswal focusing more on domestic or global markets? Vivek Gupta: The solar pump market in India has seen exponential growth. But while there are nearly 2,000 players in the pump sector, organised, semi-organised, and unorganised, very few have the advanced technology required for solar pumps. Oswal is among the top few with end-to-end solar pump manufacturing capability. Currently, we're focused on both domestic and international markets. Exports and pan-India sales have grown by over 70–80% recently. And we plan to deepen our global footprint further. Q. As of now, Oswal Pumps exports to about 22 countries, including Australia, Bangladesh, and Dubai. Any plans to expand further? Vivek Gupta: Yes, but with caution. While we export to over 20 countries currently, our priority is fulfilling strong demand in the Indian market. Our export lead times are longer — about 80–90 days — due to domestic supply commitments. That said, once we expand capacity post-IPO, we aim to aggressively enter new geographies, particularly in Europe, the Americas, and other high-potential markets. Q. How will the IPO proceeds be utilised? Vivek Gupta: We are raising ₹890 crore through a fresh issue. Here's the breakdown: ₹360 crore will go into capital expenditure for capacity enhancement and automation at Oswal Pumps. ₹260 crore will be invested in our 100% subsidiary, Oswal Solar , to scale solar module manufacturing from 0.6 MW to 2.1 GW. We'll also set up backward integration facilities — aluminium extrusion, EVA backsheet, JB box, and packaging plants. ₹330 crore will be used to repay working capital debt, making Oswal Pumps a completely debt-free company . The remaining ₹190 crore will be allocated towards general corporate purposes and working capital.
