Last Updated:June 20, 2025, 17:19 IST
Oswal Pumps IPO Listing: Its shares list at Rs 624 apiece on the NSE, which just 3.25% premium of its IPO price of Rs 614.
Oswal Pumps IPO Listing.
Oswal Pumps IPO Listing: Oswal Pumps Ltd, whose IPO was open this week and received a strong 34.42 times subscription, on June 20 made a weak market debut. Its shares listed at Rs 624 apiece on the NSE, which just 3.25% premium of its IPO price of Rs 614. Later, the shares rose a bit and traded 5.32% higher at Rs 647 apiece as of 12:00 pm before finally closing at Rs 625.35 apiece, which is just 1.8% higher than the IPO price.
On the BSE, the shares were listed at Rs 632 apiece.
The company’s market capitalisation stood at Rs 7,270.05 crore post listing.
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Analysts had expected a listing in the range of 10-15%, given the strong subscription demand and ongoing market sentiment.
Oswal Pumps IPO Listing: Should You Buy, Hold Or Sell?
Prashanth Tapse, senior vice-president (research) of Mehta Equities Ltd, said, “Despite recovering mood in the market and robust response from all sets of investors, Oswal Pumps listing was well below our expectation. 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. We also see company’s strategic positioning to benefit 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 promotion of solar-powered irrigation systems.”
“We advise a HOLD for the long term, as the company is well-positioned to benefit from structural growth drivers in the agri and infrastructure sectors,” Tapse added.
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, he said.
Oswal Pumps IPO
The IPO was 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 aggregated the issue size at Rs 1,387.34 crore.
The initial public offering was open for subscription between June 13 and June 17. The Rs 1,387.34-crore mainboard IPO received a strong 34.42 times subscription, garnering bids for 55,80,42,696 shares as against 1,62,12,980 shares on offer.
The retail and NII participation stood at 3.60 times and 36.70 times, respectively. Its qualified institutional buyer (QIB) category got a 88.08 times subscription.
The IPO received subdued response on Day 1 and Day 2 with 0.42 times and 1.65 times subscriptions, respectively. However, it received a massive response on the final day of bidding amid higher participation from NIIs (who invest more than Rs 2 lakh) and QIBs (which include mutual funds).
The price band was fixed in the range of Rs 584-614 apiece.
Most analysts had given ‘subscribe for long-term’ rating to the IPO.
They said 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 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.

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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