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Oswal Pumps IPO
Price Band
₹584.0–614.0
Issue Size
₹1387.34 Cr
Lot Size
24 shares
Min Investment
₹14,736
GMP
+₹41.0 (6.68%)
Issue Price
₹614.0
Subject to Sauda
₹700
Paid only if allotted
Oswal Pumps IPO AI Summary
- Oswal Pumps IPO is listed on BSE, NSE in the Compressors, Pumps & Diesel Engines sector.
- Price band: ₹584.0–₹614.0 per share, lot size 24 shares (min. investment ₹14,736).
- Subscription window: 13 Jun–17 Jun 2025, listing on 20 Jun 2025.
- Current GMP is +₹41.0 (6.68%), an estimated listing price of ₹655 — unofficial and can change daily.
Oswal Pumps Limited is set to list on June 20, 2025, with an issue price of ₹614.0. The company has shown significant growth in both revenue and profit over the past few years, with a strong focus on expanding its manufacturing and distribution capabilities.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Oswal Pumps IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 17 Jun 2025 — not a current signal.
17 of 20 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Oswal Pumps IPO Grey Market Premium (GMP) Today
GMP
+₹41.0
GMP %
+6.68%
Est. Listing
₹655.0
Updated: 25 Jul 2026 14:14
About the Company
Incorporated in 2003, Oswal Pumps Limited is a manufacturer and distributor of pumps. The company offers a diverse range of products catering to domestic, agricultural, and industrial applications, including solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires & cables, and electric panels. As of August 31, 2024, the company had executed orders for 26,270 turnkey solar pumping systems directly under the PM-KUSUM Scheme for several states, including Haryana, Rajasthan, Uttar Pradesh, and Maharashtra. The company operates a manufacturing facility located in Karnal, Haryana, which covers a total land area of 41,076 square meters as of March 31, 2024. The company has a growing network of distributors across India, increasing from 473 distributors as of March 31, 2022, to 636 distributors as of March 31, 2024. Further, between April 1, 2021, and March 31, 2024, Oswal Pumps exported its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions. As of March 31, 2024, the company had a team of 164 employees.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1,096.01 | 511.28 | 252.30 | 221.84 |
| Total Income | 1,067.34 | 761.23 | 387.47 | 361.11 |
| Profit After Tax | 216.71 | 97.67 | 34.20 | 16.93 |
| EBITDA | 321.01 | 150.12 | 57.82 | 38.52 |
| NET Worth | 378.80 | 160.17 | 59.97 | 24.57 |
| Reserves and Surplus | 387.96 | 173.42 | 73.22 | 37.82 |
| Total Borrowing | 346.30 | 75.42 | 59.28 | 87.54 |
Key Ratios
EPS
₹9.82
NAV
₹16.10
ROCE
81.85%
RoNW
88.73%
P/B Value
38.14
P/E Ratio
62.54
Market Cap
₹6998.21 Cr
PAT Margin
12.83%
Debt/Equity
0.42
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Roto Pumps Ltd. | 31.03 | 21.95% | 42.08 | 6.28 | 6.28 |
| Ksb Ltd | 74.81 | 17.07% | 66.79 | 11.99 | 11.99 |
| Wpil Ltd. | 127.56 | 18.78% | 27.31 | 17.72 | 17.72 |
| Shakti Pumps (india) Ltd. | 68.36 | 24.15% | 66.72 | 12.82 | 12.82 |
| Kirloskar Brothers Ltd. | 216.47 | 22.3% | 41.94 | 43.84 | 43.84 |
| Oswal Pumps Limited This IPO | 16.1 | 88.73% | — | 9.82 | 9.82 |
Promoters
Vivek Gupta, Amulya Gupta, Shivam Gupta, Ess Aar Corporate Services Pvt.Ltd., Shorya Trading Co.Pvt.Ltd. and Singh Engcon Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding certain capital expenditure of the Company. 89.86 2 Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for funding the setting up of new manufacturing units at Karnal, Haryana. 272.76 3 Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company. 280.00 4 Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar. 31.00 5 General Corporate Purposes 167.90 6 Issue Expenses 75.54 Total 917.05
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹361.11 Cr in the year ending 31 Mar 2022, increasing to ₹387.47 Cr by 31 Mar 2023, and further rising to ₹761.23 Cr by 31 Mar 2024. As of 31 Dec 2024, total income reached ₹1,067.34 Cr.
Profit Trend
Profit after tax was ₹16.93 Cr for the year ending 31 Mar 2022, increasing to ₹34.20 Cr by 31 Mar 2023, and further rising to ₹97.67 Cr by 31 Mar 2024. By 31 Dec 2024, profit after tax had grown to ₹216.71 Cr.
Valuation
Oswal Pumps Limited has an implied P/E ratio of 62.54 at the issue price of ₹614.0, compared to peers trading at a P/E range of 27.31 to 66.79.
Grey Market Premium, Explained
The grey market premium (GMP) is an unofficial indicator of an IPO's potential listing price. It reflects the premium at which shares are expected to trade in the grey market before they are officially listed. A positive GMP suggests strong demand, while a negative or low GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's growth prospects and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies may want to avoid IPOs like this, which can be subject to higher volatility and uncertainty in the early stages post-listing.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market conditions and investor sentiment. While some IPOs may experience a surge in price on their first day, others may not perform as expected. Investors should be cautious and not solely rely on potential listing gains when making investment decisions.
This evaluation is generated from Oswal Pumps's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Oswal Pumps IPO GMP today?
Oswal Pumps IPO GMP today is +₹41.0 (6.68%), indicating an estimated listing price of ₹655. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Oswal Pumps IPO?
The price band of Oswal Pumps IPO is ₹584.0–₹614.0 per share.
When does Oswal Pumps IPO open and close?
Oswal Pumps IPO opens on 13 June 2025 and closes on 17 June 2025.
When does Oswal Pumps IPO list on the stock exchange?
Oswal Pumps IPO listed on 20 June 2025 at ₹655.0.
What is the lot size for Oswal Pumps IPO?
The lot size for Oswal Pumps IPO is 24 shares, requiring a minimum investment of ₹14,736.
What is the lot size for this IPO?
The lot size for Oswal Pumps' IPO is 24 shares.
What is the minimum investment amount?
The minimum investment required is ₹14,736.
What is the price band for the IPO?
The price band for the IPO is between ₹584.0 and ₹614.0.
When is the listing date?
The listing date for Oswal Pumps is June 20, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which shares may trade in the grey market before the official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Jun 2025
Close
17 Jun 2025
Allotment
18 Jun 2025
Listing
20 Jun 2025
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