Oswal Pumps IPO GMP, Date, Price & Important Details Review (2025)

The Oswal Pumps IPO has kicked up some serious excitement in the Indian markets, and for good reason.

The Haryana-based company (Oswal Pumps Limited), is known for its water and solar pumping solutions, is finally going public. With India’s manufacturing and infrastructure sectors getting a fresh wave of investor attention, the timing couldn’t be better.

So, why are market watchers giving it so much love?

Oswal Pumps Limited isn’t just another industrial name. It has an impressive legacy backed by integrated manufacturing in Karnal, along with quality certifications like ISO 9001 and ISI/BEE.

Plus, their shift toward solar-powered products makes them a natural fit for both the Make-in-India movement and the country’s green energy goals. It’s a solid mix of reputation, relevance, and growth potential.

In this blog, we’ll unpack everything: from grey market trends and Oswal Pumps Limited IPO pricing to financials, sector outlook, and whether it deserves your investment.

Let’s dive right in!

Oswal Pumps IPO Key Details at a Glance

You can view the current details of the Oswal Pumps IPO in the table below:

Data available is as of 11.06.25.

Oswal Pumps IPO GMP Day Wise Trend Table

The Oswal IPO live GMP reflects the unregulated pre‑listing buzz. These numbers are informal and subject to change:

Data available is as of 11.06.25.

Observations for Oswal IPO GMP table:

• Consistent Uptrend: Oswal Pumps IPO GMP has shown a steady rise from ₹33 on June 9 to ₹67 by June 11, indicating growing investor interest.
  
  

• Doubling in 3 Days: The GMP more than doubled in just three trading sessions, reflecting strong pre-listing demand.
  
  

• Positive Sentiment: The upward trend in GMP suggests bullish sentiment and potential listing gains, though it remains speculative.
  
  

About the Company: Oswal Pumps Limited

Back in 2003, a small spark in Karnal, Haryana, set off what would become a powerhouse in India’s water and solar pumping scene, the Oswal Pumps Limited.

What started as a focused pump manufacturer has grown into a diversified player serving homes, farms, factories, and even government missions.

Over the years, Oswal didn’t just make pumps; they built solutions. From solar and submersible pumps to electric motors, control panels, and winding wires, their product line turned into a toolkit for powering India’s water needs.

One of their proudest contributions? Installing over 26,000 solar pump systems across states like Haryana, UP, Rajasthan, and Maharashtra under the ambitious PM-KUSUM scheme.

Their home base in Karnal isn’t small-scale either. Sitting on more than 41,000 square meters of land, this manufacturing unit is where innovation meets scale.

With a steadily growing distributor network, jumping from 473 to 636 in just two years, and exports reaching 17 global markets, Oswal Pumps is clearly thinking big.

Today, with a 164-member team, they’re not just building pumps.

They’re powering futures quietly, efficiently, and sustainably.

Oswal Pumps Limited Company Financials

Data available is as of 11.06.25.

• Big Jump in Sales and Profits: Oswal Pumps’ income went up from ₹361 Cr in 2022 to over ₹1,067 Cr by December 2024. Profits also grew sharply, from just ₹17 Cr to ₹217 Cr in less than three years.
  
  
• Strong Financial Foundation: The company’s net worth (total value owned) grew from ₹25 Cr to nearly ₹379 Cr, showing it has built a solid and stable business.
  
  
• More Borrowing, But for Growth: After a dip, loans taken by the company rose to ₹346 Cr by the end of 2024. This was likely used to grow the business and is now being managed using IPO funds.
  
  

Purpose Behind the Oswal Pumps IPO

The Oswal Pumps IPO is all about raising money to help the company grow bigger and stronger in the coming years. Here’s what they plan to do with the funds:

1. Boost Production Capacity

Oswal Pumps wants to expand and upgrade its factory in Karnal, Haryana, to make more pumps and motors.

This will help meet rising demand in India and abroad.

2. Grow the Solar Pump Division (Oswal Solar)

A big chunk of around ₹272–273 crore will go into building a new plant for solar pumps under the PM-KUSUM scheme.

Solar pumps are becoming very popular in farms and rural areas, and Oswal wants to lead that space.

3. Clear Off Debts

About ₹280 crore will be used to reduce existing debt, making the company financially healthier.

An extra ₹31 crore will clear loans from its subsidiary company.

4. Daily Business Needs

The remaining funds will cover everyday expenses, R&D, and expansion into new markets.

Why it makes sense?

• Huge demand for water and solar pumps.
  
  
• Government support through schemes like Jal Jeevan Mission and PM-KUSUM.
  
  
• A strong base in manufacturing and innovation.
  
  

Suggested Read: Bharat Coking Coal IPO GMP, Date, Price & Review of Important Details (2025)

What’s up with India’s Water Pump Industry?

India’s water pump market is growing fast; from ₹38,000 Cr in FY25 to ₹59,000 Cr by FY30 (9.2% annual growth). Globally too, it’s expected to touch ₹7.9 trillion by 2029.

But the real buzz? Solar pumps. This segment is booming, and likely to grow from ₹30,000 Cr to ₹70,000 Cr by 2029, thanks to the renewable energy push and lower running costs.

What’s driving this? Government support for agriculture (PM-KUSUM), rising demand from Smart Cities and Jal Jeevan Mission, and a shift towards clean energy.

Major players include Kirloskar Brothers, Crompton, Shakti Pumps, and KSB.

And Oswal Pumps Limited? It’s making waves with strong solar pump expertise, wide distribution, and full in-house manufacturing, placing it in a sweet spot to benefit from this industry growth.

Should You Invest in the Oswal Pumps IPO?

Why it looks promising

Oswal is riding the solar pump wave, with 38,000+ units installed under PM-KUSUM and strong rural reach. Revenues have nearly tripled since FY22 and profits jumped 13x, backed by in-house manufacturing that helps cut costs and maintain quality.

Its profit margins (~12.8%) and returns (RoNW ~88.7%) are among the best in the industry. Plus, IPO funds will go toward expansion and paying off debt — good for future growth.

But here’s what to watch

The solar pump market is booming, but growth projections may be a bit too optimistic. Debt has piled up, and success partly depends on how well the IPO performs.

Tough competition, seasonal agri-dependency, and a steep valuation (P/E ~60x) may limit short-term gains.

How to Apply for Oswal Pumps IPO

You can apply for the Oswal Pumps IPO through these simple steps:

1. ASBA via Net Banking: Log in to your bank’s net banking portal, go to the IPO section, and apply using the ASBA (Application Supported by Blocked Amount) facility. This will block the application amount in your account until it is allotted.
   
   
2. UPI-Based Application: Use any SEBI-registered trading or investment app that supports UPI for IPOs. Ensure your UPI ID is linked to your bank account and that you’re following the correct bidding process.
   
   
3. Demat–PAN Linkage is Mandatory: Before applying, verify that your PAN is linked to your Demat account. Without this, your IPO application could get rejected.
   
   
4. Minimum Investment: The minimum bid is for 24 shares, amounting to ₹14,016 at the lower end of the price band. To ensure allotment, it’s safer to apply at the cut-off price, which totals ₹14,736.
   
   

Who Should Consider Investing in Oswal Pumps Limited IPO

Ideal Investors

• Long-term growth believers: Those bullish on rural infrastructure and renewable energy.
  
  
• Manufacturing/solar play: Provides diversification beyond tech or FMCG.
  
  
• Value seekers in value-added manufacturing: Backed by solid ROE/ROCE and government impetus.
  
  

Who Should Be Cautious

• Short-term traders: Limited listing-day prospects.
  
  
• Debt-averse investors: Watch debt/equity metrics closely.
  
  
• Risk-sensitive profiles: Agri-market swings and competition volatility.
  
  
• Return-income seekers: No dividend expectation; reinvestment focus.
  
  

Bottom Line

Oswal Pumps isn’t just another IPO hitting the markets; it’s a story of Indian manufacturing evolution. From powering farms with submersible pumps to energizing rural India with solar solutions, this Karnal-based brand has shown serious intent and execution.

The company has the numbers to back the narrative; growing revenue, rising profits, and robust return ratios. With integrated facilities and a push into solar, Oswal is ticking all the right boxes for long-term growth in a sunrise sector.

But like with any IPO, it’s not all sunshine. High valuations, debt levels, and heavy competition from local and global players mean you should approach this with both eyes open.

If you’re a long-term investor bullish on India’s infrastructure, clean energy, and rural boom, Oswal Pumps deserves a close look. But if you’re after quick listing gains or prefer lower-risk plays, you might want to wait and watch.

The decision is yours, but now you’ve got the full picture.

Make it smart, make it yours.