Oswal Pumps launches ₹890-crore IPO
Oswal Pumps is hitting the stock market with its IPO from June 13 to June 17, 2025. The company aims to raise ₹1,387.34 crore, with shares priced between ₹584-614 each. This includes a fresh issue of ₹890 crore and an offer-for-sale of ₹497.34 crore by promoter Vivek Gupta.
A look at the company
Oswal Pumps, founded in 2003, makes solar and conventional pumps used in homes, farms, and industries. They've installed over 26,000 solar pumping systems under government schemes and have shown solid growth in revenue and profits over the last two years.
Oswal's IPO details and GMP
Money raised will go toward new facilities, paying off debt, and general business needs. Big investors like Societe Generale and ICICI Prudential have already backed the IPO with ₹416 crore as anchor investment. The IPO is split for different investor groups—50% for institutions, 35% for retail investors, and 15% for others—with brokerages giving it a thumbs up thanks to Oswal's strong market position and attractive valuation.