The initial public offering (IPO) of Oswal Pumps is set to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) tomorrow, June 20, 2025. The IPO, which closed on June 17, 2025, saw strong investor interest and was subscribed 34.42 times overall. The finalization of allotment took place on June 18, 2025, paving the way for the listing.
Subscription Status and Investor Response
Oswal Pumps' IPO garnered significant attention from various investor categories. The Qualified Institutional Buyers (QIBs) segment was subscribed the most, at 88.08 times, followed by Non-Institutional Investors (NIIs) at 36.70 times. The retail portion was subscribed 3.60 times. The strong subscription numbers indicate positive investor sentiment towards the company.
Grey Market Premium (GMP)
Ahead of the listing, the Grey Market Premium (GMP) for Oswal Pumps IPO has been fluctuating. According to various sources, the GMP on June 17, 2025, stood at ₹72 per share. Some reports suggest a GMP of around ₹60 on June 18, 2025. Taking into account the upper price band of ₹614, this suggests a potential listing price of around ₹674 to ₹686, indicating a premium of approximately 9.77% to 11.73% over the issue price. However, it's important to remember that GMP is an unofficial and speculative indicator and may not accurately predict the actual listing performance.
Financial Performance and Company Overview
Oswal Pumps, founded in 2003, is a Karnal-based pump and motor manufacturer. The company specializes in manufacturing grid-connected pumps, electric motors, and solar modules. It has a significant presence in the solar pump sector, having executed over 26,000 solar pump installations under the PM-KUSUM scheme. The company also exports its products to 17 countries.
Financially, Oswal Pumps has demonstrated robust growth in recent years. For the nine months ending December 2024, the company reported revenue of ₹1,067 crore and a net profit of ₹216 crore, with a return on net worth of 88.73 percent. The company's revenue has increased from ₹360 crore in FY22 to ₹759 crore in FY24, while net profit surged from ₹17 crore to ₹98 crore during the same period.
Key IPO Details
How to Check Allotment Status
Investors who applied for the Oswal Pumps IPO can check their allotment status through the registrar, MUFG Intime India Private Limited, or on the BSE website.
Outlook
Oswal Pumps IPO witnessed strong investor demand, and the grey market premium indicates a positive listing. The company's strong financial performance, presence in the growing solar pump segment, and integrated manufacturing capabilities are viewed as key strengths. However, potential investors should also consider factors such as dependence on government schemes and policy changes.
