Shares of Oswal Pumps, which is into the manufacturing of grid-connected submersible pumps and electric motors, made a muted debut on Dalal Street on Friday, June 20, 2025. Oswal Pumps' shares debuted at Rs 632 per share on the BSE, a premium of 2.93 per cent over its IPO price of Rs 614 per share. Later, the counter jumped nearly 6 per cent to touch the high of Rs 649.15. In between, it touched the low of Rs 625.20. On the NSE, shares list at Rs 634, a premium of Rs 20 apiece or 3.26 per cent over the issue price.
Meanwhile, the equity benchmarks Sensex and Nifty started the session with a slight decline. However, they rebounded amid foreign fund inflows.
After a flat start, the 30-share BSE Sensex later climbed 687.48 points to 82,049.35 in early trade. The 50-share NSE Nifty went up by 210 points to cross the 25,000 mark.
Earlier, the initial share sale of Oswal Pumps received a decent response from investors as it got 34.42 times subscription during the three-day subscription process that closed on Tuesday.
The Rs 1,387.34-crore initial public offering (IPO) was a combination of a fresh issue of shares valued at Rs 890 crore and an offer-for-sale (OFS) of 81 lakh shares worth Rs 497.34 crore at the upper end of the price band, by promoter Vivek Gupta.
The IPO had a price range of Rs 584-614 per share.
Proceeds from the fresh issue will be used for funding certain capital expenditures of the company, investment in wholly-owned subsidiary Oswal Solar in the form of debt or equity, setting up new manufacturing units at Karnal, Haryana, payment of debt, and general corporate purposes.
Oswal Pumps commenced operations in 2003 by manufacturing low-speed monoblock pumps and over the years, it expanded operations to manufacture grid-connected submersible pumps and electric motors.
