Oswal Pumps Share Price Makes Muted Market Debut with 3% Premium Listing

Market Performance

On June 20, 2025, Oswal Pumps share price opened with a 3.26% premium over its IPO issue price of ₹614.

• NSE Listing Price: ₹634
• BSE Listing Price: ₹632

Despite high expectations from investors due to substantial subscription numbers, the stock registered a muted listing on Dalal Street.

Main News

The public issue of Oswal Pumps generated strong investor interest, with subscription levels reaching 34.42 times the issue size. The majority of bids came from qualified institutional buyers (QIBs) and non-institutional investors, indicating strong institutional backing.

Company Details

Founded in 2003, Oswal Pumps is a leading manufacturer of an extensive product range that includes:

• Solar Pumps
• Submersible Pumps
• Monoblock Pumps
• Pressure and Sewage Pumps
• Electric Motors and Panels
• Submersible Winding Wires & Cables

The company primarily caters to domestic, agricultural, and industrial applications.

One of the company's key achievements includes executing 26,270 turnkey solar pumping systems under the PM-KUSUM Scheme across multiple Indian states such as Haryana, Rajasthan, Uttar Pradesh, and Maharashtra (as of August 31, 2024).

IPO Details

• Issue Price Band: ₹584 – ₹614
• Fresh Issue Size: ₹890 Crore
• Offer for Sale (OFS): 0.81 Crore shares

Utilization of Proceeds:

• ₹89.86 Crore – Capital Expenditure
• ₹273 Crore – Investment in Oswal Solar for a new Haryana manufacturing plant
• ₹280 Crore – Debt Repayment
• ₹31 Crore – Debt Repayment in Oswal Solar

Financial Performance

Revenue

• FY24 Revenue: ₹758.57 Crore
• FY23 Revenue: ₹385.04 Crore
• Growth: Nearly 97% YoY increase

For the 9 months ended December 2024:

• Revenue: ₹1,065.67 Crore

Net Profits

• FY24 Net Profit: ₹97.67 Crore
• FY23 Net Profit: ₹34.20 Crore
• Growth: Over 185% YoY increase

For the 9 months ending December 2024:

• Net Profit: ₹216.71 Crore

Summary

Oswal Pumps' share price debuted on the stock exchanges with a modest premium of 3.26%, slightly below grey market expectations. Despite the subdued listing, the company's robust financial performance, strong order execution, and strategic expansion plans highlight its long-term growth potential.

With solid revenue and profit growth in FY24 and a promising product portfolio across high-demand segments, Oswal Pumps has attracted significant investor attention during its initial public offering (IPO) phase.