When Will Oswal Pumps IPO Allotment Be Out? A Step-By-Step Guide To Check Status Online, Latest GMP
Oswal Pumps IPO GMP: Unlisted shares of Oswal Pumps are trading at Rs 674 apiece in the grey market, which is 9.7% premium over IPO price of Rs 614, signalling mild listing gains.
Oswal Pumps IPO Allotment Status: Even as the Oswal Pumps IPO has concluded with a strong 34.42 times subscription, all eyes are on its allotment, which is expected to be finalised today, June 18, in the evening. Once the basis of allotment is finalised, investors will start receiving bank debit messages. They can also check the allotment status on websites of the BSE, the NSE and registrar Link Intime.
The Oswal Pumps IPO allotment will take place on today, June 18. 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.
According to market observers, unlisted shares of Oswal Pumps Ltd are currently trading at Rs 674 apiece in the grey market, which is a 9.77 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 Listing Date
The shares of Oswal Pumps Ltd will be listed on both BSE and NSE on June 20, 2025.
Oswal Pumps IPO: Final Subscription Status, Other Details
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 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 price band was fixed in the range of Rs 584-614 apiece.
Most analysts gave 'subscribe for long-term' rating to the IPO.
They said Oswal Pumps is one of India's fastest-growing names in solar-powered solutions, and reported a CAGR of 45.1% between FY22 and FY24. The company is expected to grow at a rate of 11% in the next five years.
However, the analysts also mentioned some risks, including the company's dependent on its top-10 customers (who account for nearly 80% of revenue from operations), government funding changes or policy changes (as the significant portion of Oswal Pumps' revenue is derived from turnkey solar pumping systems under PM-KUSUM), and the concentration of all of its manufacturing facilities at one place (Karnal, Haryana).
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.
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IIFL Securities, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management are the book-running lead managers to the issue.
Oswal Pumps Limited, founded in July 2023, manufactures a wide range of pumps and related products for domestic, agricultural, and industrial use.
tags :
initial public offering (IPO) IPO
Location :
New Delhi, India, India
First Published:
June 18, 2025, 10:55 IST
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