Oswal Pumps Share Price Highlights: Stock ends at ₹624 apiece on NSE, 1.63% premium to IPO price

Oswal Pumps Share Price Live: Oswal Pumps share price made a tepid debut on the bourses today. On NSE, Oswal Pumps share price opened at ₹634 per share, 3.26% higher than the issue price of ₹614. On BSE, Oswal Pumps share price today opened at ₹632 apiece, up 2.93% than the issue price.

The stock ended listing day at ₹624 on NSE, a 1.63 % premium to the IPO price of ₹634, and at ₹624.90 on BSE, a 1.78% premium.

The initial public offering for shares began on June 13 and ended on June 17. Oswal Pumps IPO allotment was finalised on Wednesday, June 18.

A notice on the BSE indicated the equity shares of Oswal Pumps Limited are available for trading on the Exchange as part of the ‘B’ Group of Securities.

Oswal Pumps IPO price band was fixed in the range of ₹584 to ₹614 per equity share of the face value of Re 1. Oswal Pumps IPO lot size was 24 equity shares and in multiples of 24 equity shares thereafter.

Oswal Pumps IPO subscription status was 34.42 times by the end of the bidding period. The allocation for Qualified Institutional Buyers (QIBs) saw a subscription rate of 88.08 times, while the non-institutional investors' category was subscribed 36.70 times. Retail Individual Investors (RIIs) experienced a subscription rate of 3.60 times.

Half of the total issue size has been allocated for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional buyers.

Oswal Pumps started its journey in 2003, initially producing low-speed monoblock pumps, and has since broadened its scope to include the production of grid-connected submersible pumps and electric motors.

The company produces both solar-powered and grid-connected submersible and monoblock pumps, as well as electric motors, which include induction and submersible varieties, in addition to solar modules, all marketed under the 'Oswal' brand.

Oswal Pumps Share Price Highlights: Stock ends at ₹624 apiece on NSE, 1.63% premium to IPO price

The stock ended listing day at ₹624 on NSE, a 1.63 % premium to the IPO price of ₹634, and at ₹624.90 on BSE, a 1.78% premium.

Oswal Pumps Share Price Live Updates: Peer Comparison

According to the red herring prospectus (RHP), the company's publicly listed competitors include Kirloskar Brothers Ltd (with a P/E of 41.94), Shakti Pumps (India) Ltd (with a P/E of 66.72), WPIL Ltd (with a P/E of 27.31), KSB Ltd (with a P/E of 66.79), and Roto Pumps Ltd (with a P/E of 42.08).

Oswal Pumps Share Price Live Updates: Manufacturing Facilities

Company have two manufacturing facilities, both of which are located at Karnal in Haryana Both of their manufacturing facilities are operated 24 hours for six days a week (closed on Sunday), except on national holidays.

Oswal Pumps Share Price Live Updates: Experts Investment Rationale

1. Strong Market Position and High Growth Potential in the Solar Pump Industry
2. Diversified Product Portfolio Enabling Broad Market Reach 
3. Strong Distribution Network Driving Market Penetration and Brand Visibility

Oswal Pumps Share Price Live Updates: Stock Check

The stock was trading at ₹640.75 per share on NSE, marking a 1.06 % increase at 12:44 IST, and at ₹641 per share on BSE, showing a nearly 1.42% rise.

Oswal Pumps Share Price Live Updates: Check out Prashanth Tapse's post-listing views

Prashanth Tapse, Research Analyst, Mehta Equities said that post listing, we continue to recommend a HOLD for the long term, as the company is well-positioned to benefit from structural growth drivers in the agri and infrastructure sectors.

For Non-allotted investors: Consider accumulating on any dips post-listing, particularly if broader market sentiment causes short-term volatility. The business offers a strong combination of sectoral tailwinds and value-based fundamentals.

Oswal Pumps Share Price Live Updates: Here's what Arun Kejriwal says post listing 

Arun Kejriwal, the founder of Kejriwal Research and Investment Services, mentioned that the listing was somewhat subdued but in positive territory, although significantly below grey market projections. The main concern surrounding the IPO was the impressive growth in revenue and profit over the most recent quarters, which left many puzzled. As I understand it, the revenue increase is due to two primary factors: firstly, the company has transitioned from producing solar pumps for government schemes like KUSUM to offering solar-powered pumps. The distinction here is that, in the former case, the pump relies on the grid, while in the latter, it operates via solar panels, eliminating dependence on electric power.

This transition positively impacts the top line, as the complete system—including the panel and integration control—results in a higher price for the set, allowing farmers to operate independently from the grid and bypass lengthy waits for electricity. This explains the growth in volume and improved margins, as supplying an integrated system yields better margins compared to merely providing a pump.

Perhaps after nine months, with the next quarterly results for March 2025 announced by the company, investors will gain further clarity on whether the trends in revenue and profit will persist, fostering greater confidence than what existed during the IPO phase.

Currently, retail investors who acquired shares have not fared very well. Therefore, if you hold shares and are patient enough to wait for a month or three weeks, it might be worthwhile to hold on until the March quarter results, which could yield a reward for your patience. If investors are feeling anxious, what should they consider doing? One option is to realize any profits that are currently available. For those looking to invest in the stock at an appealing price, the same guidance applies.

Oswal Pumps Share Price Live Updates: What should investors do?

Mahesh M. Ojha, AVP of Research and Business Development at Hensex Securities Pvt Ltd, recommends that investors adopt a medium to long-term holding strategy. Short-term investors who have entered solely for listing gains might think about partially realizing profits if the stock opens at or above ₹675; however, maintaining some exposure could be wise due to potential re-rating as clarity improves after the listing. 

Long-term investors may want to continue holding, especially considering the company’s size, market share, and its alignment with India’s renewable energy and agricultural infrastructure objectives. The solar pump sector presents consistent growth opportunities, and Oswal is strategically well-placed.

Oswal Pumps Share Price Live Updates: All you need to know about Anchor investors 

Oswal Pumps secured ₹416.2 crore from anchor investors just one day prior to the commencement of its initial public offering for public subscription. Among the anchor investors are ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Aditya Birla Sun Life Mutual Fund, Quant Mutual Fund, Societe Generale, Edelweiss Life Insurance, BNP Paribas, the Paris-based asset management firm Amundi, and the financial services company Capital Group, as stated in a circular published on the BSE's website.

According to the circular, Oswal Pumps allocated 67,78,533 equity shares to these anchor investors at a price of ₹614 per equity share, which corresponds to the upper limit of the pricing range. The lower limit of the IPO has been set at ₹584 per share.

Oswal Pumps Share Price Live Updates: Stock makes a tepid debut, opens with 3.26% premium at ₹634 on NSE

Oswal Pumps share price made a tepid debut on the bourses today. On NSE, Oswal Pumps share price opened at ₹634 per share, 3.26% higher than the issue price of ₹614. On BSE, Oswal Pumps share price today opened at ₹632 apiece, up 2.93% than the issue price.

Oswal Pumps Share Price Live Updates: Check Mahesh M.Ojha views on the listing 

According to Mahesh M.Ojha, AVP Research and Business development, Hensex Securities Pvt Ltd, the Oswal Pumps IPO has garnered strong investor interest across segments This is a clear indicator of positive market sentiment, bolstered by -a solid anchor book and credible domestic and global institutional participation. The listing is expected to be between 8-12% premium over the upper band of ₹614.

Oswal Pumps Share Price Live Updates: Post-listing views by Prashanth Tapse

Prashanth Tapse suggests that due to robust subscription demand and current market trends, Tapse expects Oswal Pumps to list with a gain of around 10–15%. The IPO was heavily oversubscribed, indicating strong confidence in the company's fundamentals and valuation.

“We consider Oswal Pumps to be an attractive long-term investment option, particularly in line with the government's ongoing focus on rural electrification and the advancement of solar-powered irrigation systems,” said Tapse.

Oswal Pumps Share Price Live Updates: Oswal Pumps IPO GMP ahead of listing

Oswal Pumps IPO GMP today is +41. This indicates Oswal Pumps share price was trading at a premium of ₹41 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Oswal Pumps share price is indicated at ₹655 apiece, which is 6.68% higher than the IPO price of ₹614.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Oswal Pumps Share Price Live Updates: IPO Details

The initial public offering (IPO) consists of a new issue of shares valued at ₹890 crore, along with an offer-for-sale (OFS) of 81 lakh shares worth ₹497.34 crore, at the highest end of the price range, by promoter Vivek Gupta. This brings the total size of the issue to ₹1,387.34 crore.

Funds obtained from the new share issue will be allocated to several capital expenditures, investments in the wholly owned subsidiary Oswal Solar in the form of either debt or equity, the establishment of new manufacturing units in Karnal, Haryana, debt repayment, and other general corporate needs.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.