India’s manufacturing sector has been buzzing with IPO activity in recent times. One of the most anticipated public offerings this June is that of Oswal Pumps, a well-known name in the water pumping solutions industry. If you’re an investor or someone tracking IPOs, then this is one offering that should be on your radar.
In this detailed article, we’ll explore every aspect of the Oswal Pumps IPO including its price band, GMP (Grey Market Premium), key dates, company background, financials, and what analysts are saying. Let’s get started.
What is Oswal Pumps?
Founded in 2000, Oswal Pumps Ltd. is a leading manufacturer of energy-efficient pumping solutions in India. The company produces a wide range of products, including:
- Submersible Pumps
- Monoblock Pumps
- Sewage Pumps
- Pressure Booster Systems
- Solar Pumps
Headquartered in Karnal, Haryana, Oswal Pumps has grown to become a trusted brand, especially in the agricultural and residential water supply sectors. The company exports to over 25 countries and has a distribution network of more than 5,000 dealers.
Industry Landscape
The Indian pump industry is poised for strong growth, driven by:
- Government initiatives like Jal Jeevan Mission
- Increased agricultural mechanization
- Demand for solar-powered solutions
- Urbanization and rising infrastructure development
In this context, Oswal Pumps is well-positioned to benefit, thanks to its strong brand, wide product range, and expanding distribution.
Oswal Pumps IPO: What You Need to Know
| Component | Details |
|---|---|
| Fresh Issue | 1.45 crore equity shares (₹890 crore) |
| Offer for Sale (OFS) | 81 lakh equity shares (₹497.34 crore) |
| Total Issue Size | ₹1,387.34 crore |
| Price Band | ₹584 to ₹614 per share |
| Lot Size | 24 shares |
| Minimum Investment | ₹14,736 (at upper band) |
| IPO Open Date | June 13, 2025 |
| IPO Close Date | June 17, 2025 |
| Allotment Finalization | June 18, 2025 |
| Demat Credit Date | June 19, 2025 |
| Listing Date | June 20, 2025 |
| Listing Exchanges | NSE & BSE |
Oswal Pumps GMP Today (Grey Market Premium)
As of the latest data, the GMP (Grey Market Premium) for Oswal Pumps is hovering around ₹65 to ₹70. This suggests an expected listing price of around ₹680-₹684 per share, implying a potential listing gain of over 10% from the upper price band of ₹614.
Please note: GMP is unofficial and speculative. It does not guarantee listing performance.
Financial Performance Snapshot
| Financial Year | Revenue (₹ crore) | Net Profit (₹ crore) | EBITDA Margin (%) |
|---|---|---|---|
| FY 2022 | 980 | 112 | 12.3% |
| FY 2023 | 1,175 | 138 | 13.5% |
| FY 2024 (est.) | 1,390 | 163 | 13.8% |
How Will the IPO Proceeds Be Used?
The ₹890 crore from the fresh issue will be utilized for:
- Setting up a new manufacturing unit in South India
- Working capital requirements
- Debt repayment
- Brand building and marketing
- General corporate purposes
This expansion is expected to enhance production capacity and support export growth.
Why Oswal Pumps IPO is Creating Buzz
Several factors are working in favor of this IPO:
- Strong brand presence in rural and semi-urban markets.
- Established dealer network and strong supply chain.
- Consistent revenue growth and profitability.
- Expansion into solar and smart pumping systems.
- Positive Grey Market Sentiment, hinting at strong investor interest.
Expert Opinions & Broker Recommendations
Here’s what some market experts are saying about the IPO:
- Motilal Oswal: “Good long-term play in the manufacturing sector with a strong rural footprint.”
- ICICI Securities: “Attractive pricing given the company’s consistent margins and growing export business.”
- Angel One: “Positive GMP and reasonable valuations make Oswal Pumps IPO worth considering.”
- However, experts also caution about:
- Dependence on agriculture and monsoon trends.
- Raw material price fluctuations, especially steel and copper.
- Competition from other pump manufacturers like Kirloskar and Crompton.
Should You Subscribe?
Let’s break it down simply:
| Pros | Cons |
|---|---|
| Strong brand and market presence | Sectoral dependency (agriculture/infrastructure) |
| Healthy financials and steady growth | Rising input costs |
| Good GMP indicating listing gains | IPO market volatility |
| Well-defined use of proceeds | Regional competition |
Verdict: If you are a medium to long-term investor looking for exposure in a fundamentally strong manufacturing business with solid growth, Oswal Pumps IPO could be a worthy addition to your portfolio.
Who Can Apply?
Any Indian resident investor with a valid PAN and Demat account can apply for the Oswal Pumps IPO. You can invest through:
- UPI-enabled platforms like Zerodha, Groww, Upstox
- Traditional brokers like ICICI Direct, HDFC Securities, Sharekhan
- Banking portals (HDFC, SBI, Kotak, Axis, etc.)
How to Apply for Oswal Pumps IPO
Here’s a simple step-by-step process:
- Login to your Demat or trading app
- Go to the IPO section
- Select Oswal Pumps IPO
- Enter number of lots
- Submit bid via UPI or ASBA
- Approve mandate on your UPI app
- Wait for allotment on June 18!
Taxation on IPO Gains
If you get allotted shares and sell them on the listing day:
- Gains held <1 year → Short-Term Capital Gains (STCG) at 15%
- Gains held >1 year → Long-Term Capital Gains (LTCG) above ₹1 lakh taxed at 10%
So, plan your exit based on your investment horizon.
Timeline Recap
| Event | Date |
|---|---|
| IPO Opens | June 13, 2025 |
| IPO Closes | June 17, 2025 |
| Allotment Date | June 18, 2025 |
| Refunds Start | June 19, 2025 |
| Shares Credited to Demat | June 19, 2025 |
| Listing Date | June 20, 2025 |
Final Words
The Oswal Pumps IPO stands out as a strong opportunity in the mid-sized manufacturing space. With a promising growth trajectory, solid financials, a good reputation in rural India, and rising export potential, the company is making a bold move to scale up via this IPO.
Whether you’re a retail investor eyeing short-term listing gains (thanks to a positive GMP), or a long-term believer in India’s industrial manufacturing story Oswal Pumps deserves serious consideration.
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