Upcoming IPO Alert! Oswal Pumps Public Issue Soon; Check Schedule, GMP, Price Band, Allotment & Listing Detail

Oswal Pumps is all set to launch its initial public offering (IPO) amid strong investor interest and positive grey market cues. The company, known for its solar-powered pumping solutions and electric motors, aims to raise Rs 1,387 crore through a mix of fresh equity and offer for sale.

Backed by solid financials, strategic growth plans, and robust demand in the renewable energy space, Oswal Pumps' IPO is being closely watched by retail and institutional investors alike. Here is a detailed look at the GMP trends, IPO structure, allocation, and listing timeline.

Upcoming IPO: Oswal Pumps IPO Scheduling Date and GMP

The upcoming IPO of Oswal Pumps scheduled to open for bidding on Friday, June 13, is seeing strong interest in the grey market, with a grey market premium (GMP) of Rs 67 as of Wednesday.

Considering the IPO's upper price band of Rs 614 and the current GMP, the projected listing price is Rs 681 per share, reflecting an approximate 11% premium. The GMP suggests that investor sentiment toward the issue is positive ahead of the subscription window.

Oswal Pumps seeks to raise Rs 1,387 crore via a mix of fresh equity issuance and an offer for sale (OFS). This includes a fresh issue of 1.45 crore shares worth Rs 890 crore and an OFS of 0.81 crore shares aggregating Rs 497.34 crore.

Funds raised will be allocated as follows:
Rs 89.86 crore for capital expenditure, Rs 273 crore to its subsidiary Oswal Solar to build a new manufacturing plant in Haryana, Rs 280 crore towards debt repayment, and ₹31 crore for clearing debt at Oswal Solar.

In the IPO, up to 50% of the issue is reserved for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and a minimum of 35% for retail individual investors.

Upon listing, Oswal Pumps will face competition from established industry players like Kirloskar Brothers, Shakti Pumps (India), WPIL, KSB, and Roto Pumps.

Oswal Pumps IPO Allotment and Listing Timeline

Tentatively, the basis of allotment will be finalized on Wednesday, June 18. Refunds are expected to begin on Thursday, June 19, with shares credited to investors' demat accounts on the same day. The stock is likely to debut on the BSE and NSE on Friday, June 20.

About Oswal Pumps

Oswal Pumps manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors-including submersible and induction motors-and solar modules under the 'Oswal' brand. With over 22 years of experience, the company has built strong capabilities in engineering, product design, production, and quality testing.

As of December 31, 2024, Oswal Pumps had fulfilled 38,132 turnkey solar pumping system orders under the PM Kusum Scheme across states like Haryana, Rajasthan, Uttar Pradesh, and Maharashtra.