Oswal Pumps IPO Launches June 13: Key Details, GMP, and Investment Requirements

Oswal Pumps, a turnkey solar pumping systems provider, is set to launch its IPO on June 13, with a price band of Rs 584 to Rs 614 per share. The company plans to raise Rs 1,400 crore through a combination of fresh shares and an offer for sale. The IPO has an OFS of 81 lakh shares and is expected to be listed on BSE and NSE on June 20. The company's shares are garnering a premium of 13.52% in the grey market.

Oswal Pumps, a leading manufacturer of solar-powered and grid-connected submersible and monoblock pumps, is set to launch its Initial Public Offering (IPO) on June 13, 2025. The IPO, priced at Rs 584 to Rs 614 per share, aims to raise Rs 1,400 crore through a combination of fresh shares and an offer for sale (OFS). The company plans to utilize the funds for capital expenditures, manufacturing expansion, and debt repayment.

The IPO will be open for subscription from June 13 to June 17, with the most likely date for share allocation being June 18. The shares are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on June 20. The company has reserved not more than 50% of the shares for qualified institutional buyers (QIB), not less than 15% for non-institutional investors (NII), and not less than 35% for retail investors.

Oswal Pumps has a strong market presence, with a focus on producing solar-powered and grid-connected submersible and monoblock pumps, electric motors, and solar modules. As of December 31, 2024, the company had fulfilled 38,132 turnkey solar pumping system orders under the PM Kusum Scheme in various states. The company's publicly listed competitors include Kirloskar Brothers Ltd, Shakti Pumps (India) Ltd, WPIL Ltd, KSB Ltd, and Roto Pumps Ltd.

The company's financial performance for the nine months ending December 2024 showed revenues of Rs 1,065.67 crore and a net profit of Rs 216.71 crore. The grey market premium for Oswal Pumps IPO shares is currently at Rs 67, indicating a potential listing price of Rs 681 per share, which is a 13.52% premium to the upper end of the price band.

The leading managers for this IPO are IIFL Capital, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management. The company's subsidiary, Oswal Solar, will receive a significant investment of Rs 272.75 crore for building a new manufacturing facility in Haryana.

References:
[1] https://www.livemint.com/market/ipo/oswal-pumps-ipo-price-band-set-at-rs-584-614-per-share-check-issue-details-key-dates-more-11749523747688.html
[2] https://www.ndtvprofit.com/ipos/oswal-pumps-ipo-price-band-financials-business-gmp-all-you-need-to-know
[3] https://www.livemint.com/market/ipo/oswal-pumps-ipo-opens-tomorrow-gmp-price-review-other-details-in-10-points-11749700407653.html