Oswal Pumps IPO: Date, Price, GMP, Allotment & Full Review

📌 Oswal Pumps IPO – Key Details

• IPO Price Band: ₹584–₹614 per share
• Issue Size: ₹1,387.34 cr total — ₹890 cr fresh issue + ₹497.34 cr Offer‑for‑Sale
• Face Value: ₹1/share
• Lot Size: 24 shares; minimum retail investment ~₹14,736 (₹614 × 24)

🗓️ Timeline & Allotment

• IPO Open: June 13, 2025
• Close: June 17, 2025
• Allotment: Tentatively June 18, 2025
• Refunds & Demat Credit: June 19, 2025
• Listing Date: Expected June 20, 2025, on NSE & BSE

Daily SIP Investment Guide: Benefits, Plans & How to Start

🚀 Grey Market Premium (GMP)

• Demand signal via grey market:
• ₹80–₹89 premium ahead of listing, suggesting ~13% potential listing gains above upper band
• Indicates strong demand but not a regulated benchmark

🏭 Company Overview

• Founded: 2003, based in Haryana, manufacturer of water & solar pumping systems and electric motors
• Product Range: Solar submersible pumps, grid pumps, induction motors, solar modules
• Reach: Over 26,000 solar systems installed (under PM-KUSUM) across multiple states; exports to 17 countries; growing distribution from 473 to 636 dealers (FY22–24)
• Plant: 41,000 m² manufacturing facility in Karnal, Haryana

📊 Financials & Valuation

Pre-IPO P/E: ~62.5x; Post-IPO P/E: ~24.2x

EPS (Post-issue): ₹25.35; ROCE ~81.9%, RoNW ~88.7%

🎯 Use of IPO Proceeds

• CapEx: Establishment/expansion of plants (~₹89.9 cr)
• Subsidiary Investment: Oswal Solar (~₹272.8 cr)
• Debt Repayment: Self (₹280 cr) and subsidiary (₹31 cr)
• General Corporate Purpose: Remaining funds

Compounding Benefits: How Small Investments Turn into Big Returns

⚖️ Strengths & Risks

🟢 Strengths

• Leadership in solar pumps under PM-KUSUM
• Vertically integrated manufacturing and design
• Pan-India presence + export footprint

🔴 Risks

• Dependence on government schemes (PM-KUSUM)
• Solar subsidiary performance may lag
• Heavy capex, debt reliance, market cycles

EPFO PF Withdrawal Guide (2025): Step-by-Step Process to Withdraw Your PF Online Easily

✅ Should You Apply?

Pros: Revival in renewables, attractive post-IPO valuation (~24x P/E), strong financial growth, debt reduction

Cons: Price at upper band + GMP premium may compress gains, sector cyclicality, policy risks

Retail investors seeking medium to long-term exposure to India’s solar & agri-pump boom may consider applying at the cutoff. Short-term traders might watch the listing window closely.