Oswal Pumps IPO Listing Tomorrow: Here's What Latest GMP Signals
Oswal Pumps IPO GMP: Unlisted shares of Oswal Pumps Ltd are trading at Rs 667 apiece in the grey market, which is 8.6% premium over the upper IPO price, signalling mild gains.
Oswal Pumps IPO Listing Date: The allotment of the Oswal Pumps IPO has been finalised. Investors can check their allotment status on the websites of the BSE, the NSE and registrar Link Intime. Now, all eyes are on its listing, which will take place tomorrow, Friday, June 20. According to market observers, the latest GMP stands at 8.63%, which indicates mild listing gains for investors.
The shares of Oswal Pumps Ltd will be listed on both BSE and NSE on June 20, 2025.
Oswal Pumps IPO GMP Today
According to market observers, unlisted shares of Oswal Pumps Ltd are currently trading at Rs 667 apiece in the grey market, which is an 8.63 per cent premium or GMP over the upper IPO price of Rs 614. It indicates listing gains for investors on June 20, the tentative listing date.
The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
Oswal Pumps IPO: A Step-By-Step Guide To Check Allotment Status
The Oswal Pumps IPO allotment has been finalised. The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under 'Issue Type', select 'Equity'.
3) Under 'Issue Name', select 'Oswal Pumps Ltd' in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option.
Your share application status will appear on your screen.
You can also visit directly on the registrar Link Intime's portal — https://in.mpms.mufg.com/Initial_Offer/public-issues.html and check the Oswal Pumps IPO allotment status.
The allotment status can also be checked on the NSE's website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
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 IPO is 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 aggregates the issue size at Rs 1,387.34 crore.
The price band was fixed in the range of Rs 584-614 apiece.
Oswal Pumps Limited, founded in July 2023, manufactures a wide range of pumps and related products for domestic, agricultural, and industrial use.
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.
Oswal Pumps plans to utilise the IPO proceeds for capital expenditure (Rs 89.86 crore), investment in subsidiary Oswal Solar for new units in Karnal (Rs 272.76 crore), repayment of company borrowings (Rs 280 crore), repayment of Oswal Solar's loans (Rs 31 crore), and towards general corporate purposes.
IIFL Securities, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management are the book-running lead managers to the issue.
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tags :
initial public offering (IPO) IPO
Location :
New Delhi, India, India
First Published:
June 19, 2025, 10:24 IST
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