- Issue Size: ₹1,387.34 crore – comprised of ₹890 crore fresh issue + ₹497.34 crore OFS from promoters.
- Price Band: ₹584 to ₹614 per share.
- Lot Size: 24 shares (min. ₹14,016 at ₹584; ₹14,736 at ₹614).
Opening Date: June 13, 2025
Closing Date: June 17, 2025
Allotment: Expected June 18
Listing Date: Likely June 20 on BSE/NSE .
Grey Market Premium (GMP)
Unlisted trading indicates strong pre-listing demand:
- GMP about ₹80–83 (13 %) above upper price band (~₹83 premium).
- Other sources report GMP at ₹67–89 (11–15 %).
- Boost since price-band announcement: GMP almost doubled to ₹85–90.
That implies a potential listing price of ₹680–697, assuming GMP persists.
Five Key Investment Insights
- Strong Institutional Interest
GMP strength signals appetite from anchor and retail investors. - Growth-Focused Capital Raising
Over ₹90 crore allocated to capex; ₹273 crore for Oswal Solar; ₹280 crore for debt reduction. - Product & Market Positioning
Core offerings: solar & grid submersible pumps, motors; strong presence in PM-KUSUM projects—26K+ systems installed. - Valuation Context
Pre-IPO P/E ~62.5×; post-issue ~24.2×; comparables trade in similar P/E range. - Risk Factors
Exposure to government scheme delays, dependence on subsidiary performance, aggressive pricing noted by analysts; recommended for medium-to-long-term investors .
Conclusion
Oswal Pumps IPO presents a robust growth thesis—solar pumps, debt reduction, capex funding—and investor enthusiasm is evident in GMP levels (11–15 %). Although fairly valued, the listing gain could reward risk-takers. Ideal for those aiming at medium to long-term returns.
Leave a Reply