Oswal Pumps Listing: Shares make muted D-Street debut, list at Rs 634/share

Oswal Pumps Listing Today: Oswal Pumps Limited, one of India’s fastest-growing solar pump manufacturers, made a subdued debut on the stock exchanges today despite its highly subscribed Rs 1,387 crore initial public offering (IPO). The stock listed at Rs 634 on the NSE, marking a 3.26 per cent premium over its issue price of Rs 614. On the BSE, it opened at Rs 632, registering a 2.93 per cent gain from the IPO price.

The IPO, which comprised a fresh issue of Rs 890 crore and an offer for sale (OFS) of Rs 497 crore, was priced in the band of Rs 584–Rs614 per share. Ahead of the issue, the company raised Rs 416 crore from anchor investors. Post listing, Oswal Pumps is targeting a market capitalisation between Rs 6,700 crore and Rs 6,998 crore.

Investors were able to bid for a minimum of 24 shares and in multiples thereafter.

The #NSEBell has rung in the celebration of the listing of Oswal Pumps Limited at our exchange @NSEIndia.#NSEIndia #listing #IPO #StockMarket #ShareMarket #OswalPumpsLimited @ashishchauhan pic.twitter.com/JX6P5TrqmA

— NSE India (@NSEIndia) June 20, 2025

Also Read:Oswal Pumps IPO subscribed 34.42x on last day; QIBs lead with 88x bids

Oswal Pumps IPO: Subscription status

The IPO of Oswal Pumps, worth Rs 1,387 crore, had extraordinary investor interest, having got the subscription 34.42 times on the last day of bids. QIBs were the big market players, bidding 88.08 times their allotted quota. Non-institutional bids were 36.69 times, whereas for the retail investor segment, the subscription stood at 3.59 times.

Also Read:Oswal Pumps IPO: Why market guru Anil Singhvi wants you to avoid this Rs 890-crore issue  

Oswal Pumps Limited: Company Profile

Founded in 2003, Oswal Pumps is a Karnal-based company that makes pumping and electrical systems for homes, farms, and industries. By August 2024, the company had installed over 26,000 solar pump systems under the PM-KUSUM scheme in major Indian states. It runs a plant spread across 41,000 square metres and has expanded its distributor network to 636 outlets across India. Between 2021 and 2024, Oswal also exported its products to 17 countries in Asia-Pacific, the Middle East, and North Africa.

On the financial front, the company has exhibited solid growth momentum, registering revenue of Rs 1,067 crore and profit of Rs 216 crore by December 2024, primarily on account of the expansion in infrastructure and growth in demand.