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Oswal Pumps set to pop 6-7% above issue price on listing

IPO sees massive interest, GMP hints at modest debut gains. But rich valuations raise questions

20-Jun-2025•Khyati Simran Nandrajog

IPO sees massive interest, GMP hints at modest debut gains. But rich valuations raise questions Adobe Stock

Shares of Oswal Pumps are set to make their market debut today (June 20, 2025), and the buzz is hard to miss. Backed by a 34x oversubscription and a grey market premium hovering around Rs 50, the stock is expected to open 6-7 per cent above its issue price.

What’s driving the hype?

Strong IPO response: The IPO saw overwhelming interest from non-institutional and retail investors, with the NII portion subscribed 36.7 times and retail 3.6 times.
Grey market buzz: GMPs (grey market premiums) indicated a Rs 50-60 markup over the Rs 614 issue price, hinting at a 6-9 per cent listing pop.
Stellar numbers: FY24 net profit jumped 186 per cent year-on-year to Rs 97.7 crore, with revenue touching Rs 758.6 crore.

About Oswal Pumps

Oswal Pumps is a homegrown manufacturer of submersible pumps, electric motors, and solar pumping systems. It caters to both agricultural and industrial segments and is also part of government-backed PM-KUSUM solar pump installations. The company has a presence in over 20 countries and claims to be one of India’s largest vertically integrated pump manufacturers.

What should investors do?

If you’re a short-term investor riding the listing wave, a small gain seems likely. But if you’re in for the long haul, tread carefully.

The business looks solid. But with a lofty valuation and dependence on government orders, this stock needs strong execution to justify its price.

It’s not a no-brainer bet, but it’s definitely one to watch.

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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.

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