Latest news with #OswalPumpsLimited
Business Upturn
6 days ago
- Business
- Business Upturn
Oswal Pumps secures major LoA for 14,787 off-grid solar pumps worth Rs 442 crore
Oswal Pumps Limited has announced that it has received a Letter of Award (LoA) and Letter of Empanelment from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 14,787 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM Kusum B Scheme, also known as the Magel Tyala Saur Krushi Pump Yojana. Valued at approximately ₹442 crore (including GST), the project covers the design, manufacturing, supply, transportation, installation, testing, and commissioning of solar water pumping systems in 3HP, 5HP, and 7.5HP capacities. The systems will be deployed across farmers' sites in Maharashtra and will include a complete system warranty, repair and maintenance services, and remote monitoring for a period of five years. The LoA is valid for one year, with installations to be completed within 60 days of receiving the work order or necessary approvals. Oswal Pumps said this order marks a significant milestone in its commitment to advancing renewable energy adoption in agriculture. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
20-06-2025
- Business
- Mint
Oswal Pumps Share Price Live: GMP, experts hint a decent debut of shares in stock market today; check key detail
Oswal Pumps Share Price Live: Oswal Pumps shares are scheduled to debut in the Indian stock market today, June 20. The initial public offering for shares began on June 13 and ended on June 17. Oswal Pumps IPO allotment was finalised on Wednesday, June 18. A notice on the BSE indicated that trading members of the exchange are hereby notified that starting on Friday, June 20, 2025, the equity shares of Oswal Pumps Limited will be listed and available for trading on the Exchange as part of the 'B' Group of Securities. Oswal Pumps IPO price band was fixed in the range of ₹ 584 to ₹ 614 per equity share of the face value of Re 1. Oswal Pumps IPO lot size was 24 equity shares and in multiples of 24 equity shares thereafter. Oswal Pumps IPO subscription status was 34.42 times by the end of the bidding period. The allocation for Qualified Institutional Buyers (QIBs) saw a subscription rate of 88.08 times, while the non-institutional investors' category was subscribed 36.70 times. Retail Individual Investors (RIIs) experienced a subscription rate of 3.60 times. Half of the total issue size has been allocated for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional buyers. Oswal Pumps started its journey in 2003, initially producing low-speed monoblock pumps, and has since broadened its scope to include the production of grid-connected submersible pumps and electric motors. The company produces both solar-powered and grid-connected submersible and monoblock pumps, as well as electric motors, which include induction and submersible varieties, in addition to solar modules, all marketed under the 'Oswal' brand. Oswal Pumps IPO GMP today is +41. This indicates Oswal Pumps share price was trading at a premium of ₹ 41 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Oswal Pumps share price is indicated at ₹ 655 apiece, which is 6.68% higher than the IPO price of ₹ 614. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
18-06-2025
- Business
- India Today
Oswal Pumps IPO allotment: Step-by-step guide to check status
The allotment status for the initial public offering (IPO) of Oswal Pumps will be finalised on Wednesday, June 18, 2025. The company's IPO attracted strong interest from investors despite a slow start, and the allotment comes after the issue was subscribed many times over by the final day of IPO opened for subscription on June 13 and closed on June 17. It was subscribed 1.65 times by the end of the second day but gained momentum on the last day. In total, the public issue was subscribed 34.42 to stock exchange data, the retail portion of the IPO was subscribed 3.60 times, while the Qualified Institutional Buyers (QIB) portion saw the highest demand, subscribed 88.08 times. The Non-Institutional Investors (NII) category also saw strong interest, subscribed 36.70 times by the close of bidding on June 17 at 5:04 Pumps IPO aimed to raise Rs 1,387.34 crore. This included a fresh issue of 1.45 crore shares worth Rs 890 crore and an offer for sale (OFS) of 81 lakh shares, which added up to Rs 497.34 TO CHECK ALLOTMENT STATUSInvestors who applied for the IPO can check their allotment status online. The status can be checked through the websites of the Bombay Stock Exchange (BSE) and the registrar for the issue, Link Intime India Private TO CHECK ALLOTMENT ON BSE WEBSITEGo to the BSE website Select 'Equity' as the issue 'Oswal Pumps Limited' from the dropdown your application number and the captcha on the 'Search' TO CHECK ALLOTMENT ON LINK INTIME WEBSITEVisit the Link Intime allotment page Select 'Oswal Pumps Limited' from the how you want to search (Application Number, Demat Account, or PAN).Enter the required details and captcha on the 'Submit' button to see your PRICE BAND AND INVESTMENT DETAILSThe price band for the IPO was fixed between Rs 584 and Rs 614 per share. The minimum lot size was 24 shares. For retail investors, this meant a minimum investment of Rs 14,016 at the lower end of the price band. However, most retail investors prefer bidding at the cut-off price, which required an investment of Rs 14, Small High Net-worth Individuals (sNII), the minimum investment was 14 lots, or 336 shares, amounting to Rs 2,06,304. For Big High Net-worth Individuals (bNII), the minimum bid was 68 lots or 1,632 shares, which would cost Rs 10,02,048. These structured limits ensure fair participation across different types of Pumps Limited, founded in 2003, is one of the key players in India's solar pump sector. The company supplies a wide range of pumps for use in homes, farming, and the allotment, the grey market premium (GMP) for Oswal Pumps was around Rs 60. This suggested a possible listing price of Rs 674 per share, which would mean a gain of about 9.77% over the upper price shares of Oswal Pumps are expected to be listed on both BSE and NSE. The tentative listing date has been set for Friday, June 20, 2025. advertisement
Time of India
18-06-2025
- Business
- Time of India
Oswal Pumps IPO allotment to be finalised today. Check status, GMP and other details
The allotment status for Oswal Pumps's Rs 1,387 crore IPO will be finalised today. Investors can now check their application status through the registrar Link Intime's website. The company is set to make its debut on the BSE and NSE on June 20. The IPO, which opened for subscription on June 13 and closed on June 17, comprised a fresh issue of shares worth Rs 890 crore and an offer-for-sale (OFS) component of Rs 497.34 crore by promoters. The price band was fixed at Rs 584 to Rs 614 per share, with a lot size of 24 shares. The issue was subscribed 34.42 times overall, led by strong interest from institutional investors. The QIB portion saw 88.08 times subscription, NIIs 36.70 times, and the retail segment 3.60 times. Anchor investors, who came in a day ahead of the opening, contributed Rs 416.20 crore. The allotment status can be checked via these links: 1) Link Intime Portal ( ) 2) Select "Oswal Pumps Limited" from the dropdown 3) Enter PAN, application number, or DP/Client ID to view allotment details Check on BSE Website 1) Visit: 2) Select 'Equity' and then 'Oswal Pumps Limited' from the dropdown menu. 3) Enter your application number and PAN. Founded in 2003, Oswal Pumps is a Karnal-based pump and motor manufacturer. The company has executed over 26,000 solar pump installations under the PM-KUSUM scheme and exports to 17 countries. It offers a wide range of products, including submersible pumps, solar systems, electric motors, and control panels. Financially, the company has posted a sharp rise in revenue and profit. For the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 crore, with a stellar return on net worth of 88.73 percent. The post-issue P/E is estimated at 24.22x. With listing around the corner, all eyes are now on how the stock performs in a market where sentiment around infrastructure and energy-linked plays remains strong. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
18-06-2025
- Business
- Economic Times
Oswal Pumps IPO allotment to be finalised today. Check status, GMP and other details
The allotment status for Oswal Pumps's Rs 1,387 crore IPO will be finalised today. Investors can now check their application status through the registrar Link Intime's website. The company is set to make its debut on the BSE and NSE on June 20. ADVERTISEMENT The IPO, which opened for subscription on June 13 and closed on June 17, comprised a fresh issue of shares worth Rs 890 crore and an offer-for-sale (OFS) component of Rs 497.34 crore by promoters. The price band was fixed at Rs 584 to Rs 614 per share, with a lot size of 24 shares. The issue was subscribed 34.42 times overall, led by strong interest from institutional investors. The QIB portion saw 88.08 times subscription, NIIs 36.70 times, and the retail segment 3.60 times. Anchor investors, who came in a day ahead of the opening, contributed Rs 416.20 crore. 1) Link Intime Portal ( Select "Oswal Pumps Limited" from the dropdown ADVERTISEMENT 3) Enter PAN, application number, or DP/Client ID to view allotment details 1) Visit: ADVERTISEMENT 2) Select 'Equity' and then 'Oswal Pumps Limited' from the dropdown menu.3) Enter your application number and PAN. ADVERTISEMENT Founded in 2003, Oswal Pumps is a Karnal-based pump and motor manufacturer. The company has executed over 26,000 solar pump installations under the PM-KUSUM scheme and exports to 17 countries. It offers a wide range of products, including submersible pumps, solar systems, electric motors, and control the company has posted a sharp rise in revenue and profit. For the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 crore, with a stellar return on net worth of 88.73 percent. The post-issue P/E is estimated at 24.22x. ADVERTISEMENT With listing around the corner, all eyes are now on how the stock performs in a market where sentiment around infrastructure and energy-linked plays remains strong. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
