Oswal Pumps Limited, a leading manufacturer of water pumping solutions in India, is hitting the capital markets with its SME IPO. The company is well-known for its submersible pumps, motors, and water-related solutions, with a strong presence in both domestic and international markets.
Let’s dive into the full IPO breakdown, GMP trends, business fundamentals, and whether this IPO deserves your attention.
📅 Oswal Pumps IPO Details
| Particulars | Details |
|---|---|
| IPO Opening Date | June 18, 2025 (Tentative) |
| IPO Closing Date | June 21, 2025 (Tentative) |
| Price Band | ₹60 – ₹62 per share |
| Lot Size | 2,000 shares |
| Issue Size | ₹50 crore (Fresh Issue) |
| Face Value | ₹10 per share |
| Exchange | NSE SME Platform |
| Listing Date | June 27, 2025 (Tentative) |
🏭 About Oswal Pumps Limited
Founded in 2000, Oswal Pumps is an ISO 9001 certified company engaged in manufacturing:
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Submersible pumps and motors
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Domestic and agricultural water pumps
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Solar water pumping systems
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Control panels and accessories
With over 3,000 SKUs and a robust PAN India dealer network, Oswal serves industrial, agricultural, and residential sectors.
📈 The company also exports to 50+ countries including the Middle East, Africa, and Southeast Asia.
💰 Financial Performance
| FY | Revenue (₹ Cr) | PAT (₹ Cr) |
|---|---|---|
| 2022 | 184.5 | 12.3 |
| 2023 | 215.8 | 15.6 |
| 2024 (H1) | 130.7 | 9.2 |
Strong revenue growth backed by consistent profitability reflects operational efficiency and strong brand value.
🔎 Grey Market Premium (GMP)
As of the latest updates:
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GMP: ₹15 – ₹18 per share
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Estimated Listing Price: ₹77 – ₹80 (Approx.)
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Potential Listing Gain: 25–30%
GMP reflects market sentiment but should not be the sole investment decision factor.
📌 Objectives of the IPO
Oswal Pumps plans to utilize the funds for:
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Expansion of manufacturing facilities
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Upgrading automation and technology
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Strengthening working capital
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General corporate purposes
🌟 Strengths of Oswal Pumps
✅ Established brand with 20+ years of experience
✅ Comprehensive water solutions portfolio
✅ Strong distribution across rural and urban India
✅ Export-driven with global certifications
⚠️ Risks to Consider
⚠️ Operates in a competitive market with low differentiation
⚠️ High working capital requirements
⚠️ SME IPOs typically have lower liquidity post-listing
🧠 Expert & Retail Sentiment
Reddit and Twitter investors are mostly bullish, citing strong fundamentals, increasing demand for water infrastructure, and credible growth potential.
“Backed by solid growth and demand for smart water solutions, Oswal could be a sleeper hit among SME IPOs.”
🔚 Final Verdict
The Oswal Pumps IPO presents a balanced opportunity for investors looking at:
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Fundamentally strong SME IPOs
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Companies with wide product adoption & export potential
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Short- to medium-term listing gains based on current GMP
🔔 Verdict: 💼 Apply with moderate listing gain expectations
📈 Listing Strategy: Book partial profit on debut; hold the rest for 1–2 quarters if broader market supports.
📝 Key Takeaways
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💰 Price Band: ₹60 – ₹62
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📦 Issue Size: ₹50 Cr
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🏢 Sector: Water Pumps & Solutions
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🌐 Strong exports + India infra demand
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📊 GMP ~ ₹15–18 (Est. 25–30% upside)
