Oswal Pumps Listing Ceremony | Photocredit: X/@Nseindia
Shares of Oswal Pumps LTD acted in a positive area after a mention of more than 3 percent premium on Bourses at the issue price of £ 614.
On Friday, the shares debut at £ 632, with a premium of 2.93 percent on the BSE. On the NSE it debuted at 3.25 percent premium £ 634.
At 11.50 hours, the share was 1.71 percent positive on the BSE at £ 642.80 and an increase of 1.51 percent on the NSE at £ 643.55.
Oswal pumping list was far below the expectation despite the recovery of the mood in the market and a robust response from investors, Prashanth Tapse, Senior VP (research), said Mehta Equities.
However, Mehta shares continue to recommend a hold-call for long-term after mention, because the company is well positioned to take advantage of structural growth engines in the agri and infrastructure sectors.
“We continue to believe that the IPO demand was powered by attractive valuation levels, and offers a reasonably upward potential in the long term together with a well-diversified product portfolio in agricultural, industrial and household water solutions. We also see the strategic positioning of the company to take advantage of the current infrastructure,” said tape.
The brokerage regards Oswal pumps as a mandatory long-term investment chance, tailored to the continuous emphasis on national electrification and promotion of irrigation systems for solar energy.
For unaccompanied investors, Mehta shares emphasizes accumulated on any dips after the list, especially if a broader market sentiment causes short-term volatility. The company offers a strong combination of sectoral ridge and value -based basic principles.
Gaurav Garg, the Lemonn Markets desk, said that Oswal Pumps has drawn a positive market sentiment, supported by strong basic principles, a solid anchor book and robust institutional participation.
The listing profits are expected to be in the reach of 8-12%, with long-term prospects stimulated by government dright on national electrification and irrigation systems for solar energy, Garg added.
The 1,387,34-crore IPO of Oswal pumps Secure 34.42 times subscription to the closing day of bidding. It was a combination of a new edition of shares with a value of £ 890 crore and an offer for sale (OFS) of 81 Lakh shares worth £ 497.34 crore at the top of the price band, by promoter Vivek Gupta.
The IPO had a price range of £ 584-614 per share.
Oswal pumps started in 2003 with the operation of mono block pumps at low speed and over the years it has expanded activities to produce connected submersible pumps and electric motors.
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Published on June 20, 2025
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