Oswal Pumps IPO: Day 1 Subscription Update, Financials, and GMP Insights
Oswal Pumps IPO, GMP today, IPO subscription status, SME IPO 2025, investment opportunity, Oswal Pumps review
The Initial Public Offering (IPO) of Oswal Pumps Ltd, a key player in the compressors and pumps sector, is now live and has started drawing investor attention. Let’s break down the Day 1 subscription details, financial performance, GMP insights, and whether this IPO is worth your consideration.
📊 Oswal Pumps IPO Details
- Price Band: ₹584 - ₹614 per share
- Lot Size: 24 shares
- Minimum Investment: ₹14,016 (1 Lot)
- Maximum Retail Investment: ₹1,91,568 (13 Lots)
- Issue Size: ₹1,387.34 Crores
- IPO Type: Book Building (Mainboard IPO)
- Retail Discount: Nil
- Listing: NSE & BSE (Expected)
📈 Subscription Status (As of Day 1 - 13 June 2025)
| Category | Subscription (x) |
|---|---|
| Retail Investors | 0.41x |
| Non-Institutional Investors | 0.61x |
| Qualified Institutional Buyers | 0.08x |
| Total | 0.36x |
📌 The IPO saw a modest response on Day 1, with the retail portion leading the subscription.
💹 Grey Market Premium (GMP) Today 13-june-2025
The GMP (Grey Market Premium) for Oswal Pumps IPO is ₹12, translating to a ~2% premium over the upper price band of ₹614. While not huge, it does indicate mild positive sentiment in the unlisted market.
💹 Grey Market Premium (GMP) Today 16-june-2025
Updated GMP: The Grey Market Premium for Oswal Pumps IPO has seen a noticeable rise. As of today, the GMP stands at ₹55–₹60, which translates to approximately a 9% premium over the IPO’s upper price band of ₹614.
This marks a significant increase compared to the initial GMP of ₹12 (~2%) reported earlier, signaling a growing positive sentiment in the grey market ahead of the IPO listing.
Such movement often reflects heightened demand and investor confidence in the IPO, though it’s important to note that GMP is not an official indicator and actual listing gains may vary.
📊 Oswal Pumps IPO Subscription Status (As of June 16, 2025)
| Day | Date | Total Subscription (x) |
|---|---|---|
| Day 1 | 13 June 2025 | 0.58x |
| Day 2 | 14 June 2025 | 1.39x |
📌 Category-wise Subscription Rate (As of June 16, 2025)
| Investor Category | Subscription (x) |
|---|---|
| Retail Investors | 1.05x |
| Non-Institutional Investors (NII) | 3.64x |
| Qualified Institutional Buyers (QIB) | 0.26x |
Note: Subscription data is based on latest BSE/NSE updates and may change by the end of the bidding window.
✅ Strengths
- 🌞 Major supplier in PM-KUSUM scheme: Positioned to benefit from India's focus on solar-powered irrigation.
- 🏭 Vertically integrated manufacturing: Enhances cost control and quality assurance.
⚠️ Risks
- ⚡ Revenue concentration: Heavy reliance on a few flagship projects could hurt financial stability.
- 💸 Substantial debt: Requires consistent cash flow to meet financial obligations and fund growth.
📥 Should You Apply?
The Oswal Pumps IPO is attracting gradual retail interest, with solid financials and growth potential in renewable energy-linked agri solutions. However, low QIB participation and moderate GMP suggest cautious optimism.
Investment Verdict:
- ✅ Good for long-term investors who believe in the agri-infra and renewable energy play.
- ⚠️ Short-term investors should monitor Day 2 and Day 3 subscription trends.
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🌞 Oswal Pumps IPO: A Deep Dive into India's Fastest Growing Solar Pump Company
India is powering ahead in renewable energy—and companies like Oswal Pumps Ltd (OPL) are leading the charge. With its IPO now open, investors are keenly watching how this high-growth solar pump manufacturer performs. If you're wondering whether Oswal's IPO is worth your attention, this blog covers everything you need to know in plain terms.
🏢 About Oswal Pumps Ltd (OPL)
Oswal Pumps Ltd is not just any pump manufacturer—it's currently the fastest-growing vertically integrated solar pump company in India. Over the past three fiscal years, Oswal's revenue has soared at a CAGR of 45.07% (between FY22 and FY24), an impressive trajectory in any industry.
What does Oswal do?
- Manufactures solar-powered and grid-connected submersible and monoblock pumps
- Produces electric motors, including induction and submersible types
- Designs and sells solar modules under the trusted ‘Oswal’ brand
- Over 22 years of experience in engineering, design, and testing
🎯 Objectives of the IPO
- Capital expenditure for infrastructure expansion
- Investment in its wholly-owned subsidiary Oswal Solar to set up new manufacturing units in Karnal, Haryana
- Repayment/pre-payment of outstanding borrowings for both Oswal and Oswal Solar
- General corporate purposes
This strategic use of funds indicates a focus on strengthening production capacity and financial health.
📈 Shareholding Pattern
| Category | Pre-Issue | Post-Issue |
|---|---|---|
| Promoters | 97.66% | 78.13% |
| Promoter Group | 2.22% | 1.94% |
| Public - Others | 0.12% | 19.33% |
The significant increase in public holding post-issue shows strong retail participation and promoter confidence.
💰 Financial Highlights
| Metric | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Income (Cr) | ₹758.00 | ₹385.00 | ₹360.00 |
| Profit After Tax (Cr) | ₹97.00 | ₹34.00 | ₹16.00 |
| Total Assets (Cr) | ₹511.00 | ₹252.00 | ₹221.00 |
| Net Worth (Cr) | ₹160.00 | ₹59.00 | ₹24.00 |
| Borrowings (Cr) | ₹75.00 | ₹59.00 | ₹87.00 |
📊 Subscription Update
As of Day 1, the IPO has been subscribed 0.36x, a fair start for an SME IPO. It’s still early, and investor interest could pick up as awareness spreads.
🧐 Should You Consider Investing?
- ✅ Strong growth in revenue and profits
- ✅ Focused on clean energy (solar), aligned with government push
- ✅ Plans to expand manufacturing capacity
- ✅ Improving financial metrics year-on-year
But remember, this is an SME IPO, which usually comes with higher risk and higher return potential. Always do your own research and consider your risk tolerance before investing.
📅 Final Thoughts
Oswal Pumps Ltd is riding the wave of India's clean energy revolution with a clear focus on innovation, scale, and sustainability. Backed by strong financials and ambitious expansion plans, this IPO could be a promising opportunity for long-term investors who believe in the future of green tech manufacturing.
🔔 If you're looking to diversify your portfolio with a high-growth, clean-tech manufacturing play, Oswal Pumps might just deserve a closer look.
Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to invest. Please consult your financial advisor before making any investment decisions. Investing in the stock market is subject to market risks.
