Oswal Pumps IPO GMP Today: An In-Depth Analysis
The Initial Public Offering (IPO) of Oswal Pumps Limited has garnered significant attention in the Indian stock market. As of today, June 16, 2025, the Grey Market Premium (GMP) for Oswal Pumps' IPO stands at approximately ₹80-83, indicating a potential listing gain of around 13% over the upper end of the IPO price band of ₹614 per share .
Oswal Pumps IPO Overview
Oswal Pumps, a Haryana-based manufacturer specializing in solar-powered and grid-connected pumps, has launched an IPO to raise ₹1,387 crore. The issue comprises a fresh equity issue worth ₹890 crore and an offer-for-sale (OFS) of ₹497 crore by promoter Vivek Gupta .
Details:
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Price Band: ₹584 – ₹614 per share
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Lot Size: 24 shares (minimum)
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Subscription Period: June 13 – June 17, 2025
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Listing Exchange: NSE and BSE
Subscription and GMP Trends
The IPO opened on June 13, 2025, and as of June 16, it has been fully subscribed, with an overall subscription of 1.08 times. Retail and non-institutional investors have shown strong interest, while institutional demand remains subdued .
GMP Analysis:
The current GMP of ₹80-83 suggests a positive market sentiment, with investors anticipating a listing gain of approximately 13%. However, it's essential to note that GMP figures can fluctuate and are not always indicative of the final listing price.
Company Profile and Financials
Established in 2003, Oswal Pumps has evolved from manufacturing low-speed monoblock pumps to producing a wide range of products, including solar-powered and grid-connected pumps, electric motors, and solar modules. The company operates two manufacturing facilities in Karnal, Haryana .
Financial Highlights (FY24):
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Revenue: ₹758.6 crore (97% YoY growth)
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Profit After Tax: ₹97.7 crore (186% YoY growth)
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EBITDA: ₹150.1 crore (160% YoY growth)
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EBITDA Margin: 19.8% (up from 14.9% in FY23)
The company's robust financial performance is attributed to its diversified product portfolio and strong presence in the solar pump market.
Use of IPO Proceeds
The funds raised through the IPO will be utilized for:
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Capital Expenditure: Establishing new manufacturing units in Karnal, Haryana.
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Debt Repayment: Reducing existing debt to strengthen the balance sheet.
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Investment in Subsidiary: Funding Oswal Solar for expansion and growth.
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General Corporate Purposes: Supporting overall business operations and strategic initiatives .
Should You Subscribe?
Considering the positive GMP and the company's strong financials, retail investors may find the Oswal Pumps IPO appealing. However, it's crucial to assess personal investment goals and consult with financial advisors before making investment decisions.
IPO Subscription Status
| Category | Subscription Status |
|---|---|
| Qualified Institutional Buyers (QIBs) | Subdued |
| Non-Institutional Investors (NIIs) | Strong |
| Retail Individual Investors (RIIs) | Strong |
| Overall Subscription | 1.08 times |
Key Takeaways
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Positive Market Sentiment: The current GMP indicates optimism among investors.
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Strong Financial Performance: Significant growth in revenue and profit margins.
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Strategic Use of Funds: Focused on expansion and debt reduction.
Conclusion
The Oswal Pumps IPO stands out in the current market environment with strong financial fundamentals, growing investor interest, and a reasonable Grey Market Premium (GMP) of ₹80–83. The company’s rapid revenue and profit growth—driven by its leadership in the solar and grid-powered pump sector—makes it an attractive pick for many retail investors. The IPO proceeds are strategically planned for expansion, debt reduction, and strengthening its subsidiary, Oswal Solar, which further adds long-term value.
