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Economic Times
5 hours ago
- Business
- 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
5 hours ago
- Business
- 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
6 hours ago
- Business
- 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.
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Business Standard
6 hours ago
- Business
- Business Standard
Oswal Pumps shares list at 3% premium; should you buy, sell or hold?
Oswal Pumps IPO listing: Shares of Oswal Pumps made a lacklustre debut on the bourses on Friday, 20 June, following the completion of its initial public offering (IPO). On the National Stock Exchange (NSE), Oswal Pumps shares listed at ₹634 apiece, reflecting a premium of ₹20 or 3.26 per cent over the issue price of ₹614. Oswal Pumps shares listed at a slightly lower premium on the BSE, at ₹632 apiece, up ₹18 or 2.93 per cent from its issue price. However, the listing came below the grey market estimates. Ahead of their market debut, the unlisted shares of Oswal Pumps were quoted at around ₹655 per share, reflecting a grey market premium (GMP) of ₹41 or 6.68 per cent over the issue price of ₹614, according to sources tracking unofficial market activities. Should you buy, sell or hold Oswal Pumps shares? For allotted investors, Prashanth Tapse, senior Vice President (Research) at Mehta Equities, advises to hold the comapny's shares for the long term, citing the company's strong positioning to benefit from structural growth drivers in the agriculture and infrastructure sectors. "We see the company's strategic positioning as advantageous, especially in light of ongoing government initiatives in infrastructure and rural development, with a particular focus 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," said Tapse. For non-allotted investors, Tapse suggests considering accumulating on any dips post-listing, particularly if broader market sentiment results in short-term volatility. 'The business offers a strong combination of sectoral tailwinds and value-based fundamentals,' he added. Oswal Pumps IPO details The public offering of Oswal Pumps is a book-building issue valued at ₹1,387.34 crore, comprising a fresh issue of 14.5 million equity shares and an offer for sale (OFS), with promoter Vivek Gupta divesting up to 8.1 million equity shares. Oswal Pumps IPO was available for subscription from Friday, 13 June, to Tuesday, 17 June, at a price band of ₹584–614 per share, with a lot size of 24 shares. The basis of allotment of company's shares was finalised on Tuesday, 18 June. Oswal Pumps has set the issue price at ₹614 per share. The company will not receive any proceeds from the OFS. 'The Promoter Selling Shareholder will be entitled to the proceeds from the sale of the Offered Shares in the Offer for Sale, net of the offer-related expenses and relevant taxes thereon,' Oswal Pumps said in its Red Herring Prospectus (RHP). The company, however, intends to utilise the proceeds from the fresh issue for funding certain capital expenditure, investing in its wholly-owned subsidiary, Oswal Solar, through equity, funding the establishment of new manufacturing units in Karnal, Haryana, and for pre-payment/repayment, in part or full, of certain outstanding borrowings availed by the company. The company will also utilise the fresh proceeds for investment in its wholly-owned subsidiary, Oswal Solar, through equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar, and for general corporate purposes. MUFG Intime India (formerly Link Intime) serves as the registrar for the public offering of Oswal Pumps, while IIFL Capital Services, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management are the book-running lead managers. About Oswal Pumps Oswal Pumps manufactures and distributes a diverse range of pumps for domestic, agricultural, and industrial applications. The company has executed orders for 26,270 turnkey solar pumping systems under the PM-KUSUM Scheme for several Indian states. Oswal Pumps operates a manufacturing facility in Karnal, Haryana, and has a growing network of distributors across India. The company exports its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.
Mint
12 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.
