Oswal Pumps Limited is a prominent Indian manufacturer specializing in solar, submersible, monoblock, and pressure pumps, along with electric motors and related accessories. With a state-of-the-art integrated manufacturing facility in Karnal, Haryana, the company is recognized for its quality, innovation, and extensive distribution network across India and internationally. The Oswal Pumps IPO has set a price band of ₹584 to ₹614 per share for its upcoming ₹1,387.34 crore IPO, scheduled to open on June 13, 2025.
₹45
₹614
₹634.00
Expert Opinions
Market sentiment for the Oswal Pumps IPO is cautiously optimistic, reflecting strong interest in India’s renewable energy and agricultural technology sectors, both of which are poised for robust growth. The company’s strengths lie in its integrated manufacturing capabilities, diversified product portfolio spanning solar and conventional pumps, and a proven track record of executing large-scale government projects such as the PM-KUSUM scheme, with over 38,000 turnkey solar pumping systems installed.
Oswal Pumps IPO has demonstrated remarkable financial performance, with FY2024 valuation metrics showing a Return on Equity (ROE) of 88.73%, Return on Capital Employed (ROCE) of 81.85%, and a Net Asset Value (NAV) of ₹16.10, highlighting exceptional profitability and efficient capital utilization. However, risks include high exposure to the cyclical agricultural sector, dependence on government subsidies, and raw material price volatility. Long-term investment prospects remain favorable, as the company is well-positioned to benefit from India’s push for sustainable irrigation and electrification, but success will depend on its ability to maintain operational efficiency, innovate, and diversify its revenue streams beyond government projects.
Investor Considerations
Oswal Pumps IPO has shown strong company performance, with revenue nearly doubling from ₹387.47 crore in FY2023 to ₹761.23 crore in FY2024, and profit after tax increasing from ₹34.20 crore to ₹97.67 crore, reflecting robust fundamentals and operational efficiency. The sector outlook is favorable, driven by India’s push for renewable energy and sustainable agriculture, particularly through government schemes like PM-KUSUM that promote solar pumping solutions. The Oswal Pumps IPO valuation for FY2024 highlights an impressive Return on Net Worth (RoNW) of 88.73%, a healthy PAT margin of 12.83%, and a conservative debt-to-equity ratio of 0.42, underscoring strong profitability and manageable leverage.
Growth prospects are promising due to capacity expansion plans and increasing adoption of solar pumps. However, risks include dependence on the agricultural sector, exposure to government subsidy policies, and raw material price volatility. Short-term investors may face valuation volatility, while long-term investors could benefit from the company’s strategic positioning in a growing market aligned with India’s energy transition and irrigation modernization goals.
| Date | GMP | Trend |
|---|---|---|
| 19 Jun 2025 16.01 | ₹45 | Down |
| 18 Jun 2025 19.14 | ₹60 | Down |
| 17 Jun 2025 18.08 | ₹75 | Up |
| 16 Jun 2025 18.49 | ₹50 | Up |
| 15 Jun 2025 11.59 | ₹45 | --- |
| 14 Jun 2025 10.52 | ₹45 | Down |
| 13 Jun 2025 19.05 | ₹65 | Down |
| 12 Jun 2025 19.10 | ₹70 | Down |
| 11 Jun 2025 16.07 | ₹90 | Up |
| 10 Jun 2025 15.46 | ₹50 | Up |
| 09 Jun 2025 19.21 | ₹44 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting Oswal Pump IPO’s listing performance. While the GMP of ₹45 predicted a premium of 7.33% over the issue price, the stock delivered a gain of 3.26%. With a relatively small prediction error of 3.79%, the GMP correctly predicted both the positive listing direction and approximate magnitude of gains, though slightly overestimated the final listing premium.
Oswal Pumps IPO Current GMP is ₹45.
Oswal Pumps IPO Expected Returns is 7.33%.
Oswal Pumps IPO estimated listing price is ₹659.