Oswal Pumps IPO to Open with INR 1,387 Crore Target

Oswal Pumps Ltd. is all set to launch its initial public offering (IPO) on June 13, 2025, offering investors a fresh opportunity in the booming industrial pump and equipment sector. The issue will remain open for bidding until June 17, with a price band fixed between INR 584 and INR 614 per equity share.

The company plans to raise INR 1,387.34 crore through this public issue, of which INR 890 crore will be mobilised via fresh equity shares, while INR 497.34 crore will be raised through an offer-for-sale (OFS) by existing shareholders. The IPO is proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Ahead of the issue opening, the IPO is already generating buzz in the grey market. According to market observers, Oswal Pumps shares are commanding a grey market premium (GMP) of INR 89, signaling strong investor appetite and positive sentiment around the offer.

Retail investors can bid for the IPO in lots of 24 shares, which translates to a minimum investment of INR 14,736 at the upper price band. A maximum retail application would be capped at 13 lots, as per SEBI norms. The registrar to the issue is Link Intime India Pvt. Ltd.

The basis of allotment is expected to be finalised on June 18, and the shares are likely to be listed on June 20, making it one of the key IPOs to watch this month.

Oswal Pumps, a firm specialising in water pumping solutions and industrial equipment, is entering the capital market with a pre-IPO valuation pegging its market capitalisation at INR 6,998.21 crore. The issue is being offered at a pre-IPO P/E multiple of 62.54, which is expected to fall to 24.22 post-issue, potentially enhancing its attractiveness to value-conscious investors.

Market analysts are watching the IPO closely, given the company’s strong brand recall, robust order book, and expansion plans, though valuation metrics will remain under scrutiny in a competitive sector.