Oswal Pumps IPO Subscription and Listing
Analysis based on 10 articles · First reported Jun 13, 2025 · Last updated Jun 17, 2025
The IPO of Oswal Pumps is expected to have a modest positive impact on the market, with an estimated listing gain of around 7-11%. The capital raised will support Oswal Pumps' expansion and debt reduction, potentially strengthening its position in the solar pump market.
Oswal Pumps, a manufacturer of solar-powered and grid-connected pumps, launched its initial public offering (IPO) on June 13, closing on June 17. The IPO aims to raise Rs 1,387.34 crore, comprising a fresh issue of Rs 890 crore and an offer-for-sale of 81 lakh shares by promoter Vivek Gupta. Ahead of the public subscription, Oswal Pumps mobilized Rs 416.2 crore from anchor investors including ICICI Prudential Mutual Fund, Société Générale, and Capital Group. The IPO received a moderate subscription of 2.04 times overall by the final day, with strong interest from non-institutional investors. The company plans to use the proceeds for capital expenditure, investment in its subsidiary Oswal Solar, and repayment of company and Oswal Solar's borrowings. Analysts have largely recommended 'subscribe for long-term' due to Oswal Pumps' strong growth in solar solutions and reasonable valuation, despite risks like dependence on government schemes and customer concentration. The shares are scheduled to be listed on BSE and National Stock Exchange of India on June 20, with an estimated listing price indicating a modest premium over the IPO price.
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