Oswal Pumps Ltd., a leading manufacturer of solar-powered and grid-connected submersible pumps, has launched its Initial Public Offering (IPO), aiming to raise ₹1,387.34 crore. The IPO opened for subscription on June 13, 2025, and will close on June 17, 2025.
IPO Details & Price Band
The Oswal Pumps IPO consists of a fresh issue of ₹890 crore and an offer-for-sale (OFS) of ₹497.34 crore by promoter Vivek Gupta. The price band has been set between ₹584 and ₹614 per share, with a minimum lot size of 24 shares.
Subscription Status & Investor Interest
As of June 16, 2025, the IPO has been subscribed 1.61 times, with Non-Institutional Investors (NIIs) showing strong interest at 4.5x subscription. The Retail Individual Investors (RIIs) segment has been subscribed 1.12 times, while Qualified Institutional Buyers (QIBs) have subscribed 27%.
Grey Market Premium (GMP) & Expected Listing Price
The Grey Market Premium (GMP) for Oswal Pumps IPO has fluctuated, currently standing at ₹47, indicating an estimated listing price of ₹661 per share, which is 7.33% higher than the upper price band.
Company Overview & Growth Prospects
Oswal Pumps specializes in solar-powered agricultural pumps, electric motors, and solar modules, catering to government schemes like PM-KUSUM. The company has reported strong revenue growth, with ₹761.23 crore in 2024, up from ₹387.47 crore in 2023.
With strong investor interest, government-backed projects, and steady revenue growth, Oswal Pumps IPO presents an attractive investment opportunity. The listing is expected on June 20, 2025, on BSE and NSE.