Oswal Pumps shares opened on the stock exchanges with a marginal premium on Friday, June 20. On the National Stock Exchange (NSE), the stock opened at ₹ 634—a gain of 3.26% over its issue price of ₹ 614. On the Bombay Stock Exchange (BSE), it listed marginally lower at ₹ 632, reflecting a 2.93% premium.
Investor Returns Per Lot
Each lot of Oswal Pumps IPO comprised 24 shares. At a listing price of ₹634, the market value per lot was ₹15,216, while the issue cost was ₹14,736. This means that investors who received allotment made a profit of ₹480 per lot.
IPO Details and Subscription
The IPO was valued at ₹1,387.34 crore, comprising fresh equity of ₹890 crore and an offer for sale (OFS) of 81 lakh shares by promoter Vivek Gupta, aggregating to ₹497.34 crore. The price band for the IPO was fixed between ₹584 and ₹614 per share.
Investor interest was strong, and the offering was subscribed 34.42 times overall. The QIB (qualified institutional buyer) segment saw the highest demand at 88.08 times, followed by the non-institutional investor (NII) category at 36.70 times. The retail portion was subscribed 3.60 times.
Use of Proceeds
The raised capital will be used for multiple strategic purposes, including
Capital expenditure
Investment in subsidiary Oswal Solar (through debt or equity)
Establishing new manufacturing facilities in Karnal, Haryana
Debt repayment
General corporate needs
Company Background and Financial Performance
Established in 2003, Oswal Pumps started with the production of low-speed monoblock pumps and later diversified into the production of grid-connected submersible pumps and electric motors.
For the nine months ended December 2024, the company reported:
Revenue: ₹1,067.34 crore
Profit After Tax (PAT): ₹216.71 crore
In comparison, for the full financial year 2023–24, Oswal Pumps posted:
Revenue: ₹761.23 crore
Net Profit: ₹97.67 crore
Lead Managers
The IPO was managed by IIFL Capital Services, CLSA India, JM Financial, Axis Capital, and Nuvama Wealth Management as the book-running lead managers.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Readers are advised to consult with a certified financial advisor before making any investment decisions. The stock market is subject to risks, and past performance is not indicative of future results.
