Overview

• The IPO, opening on June 13 and closing on June 17, comprises a fresh issue of ₹890 crore and an offer-for-sale of 81 lakh shares by promoter Vivek Gupta to raise ₹1,387.34 crore.
• Net proceeds will fund capital expenditure on new machinery, support construction of a Karnal facility for subsidiary Oswal Solar, and repay approximately ₹280 crore of debt.
• Oswal Pumps posted ₹758.57 crore in revenue and ₹97.67 crore in net profit for FY24, reflecting a near doubling of revenue and tripling of profit year-on-year.
• Grey market trading at a premium of ₹67 per share implies a potential listing price of ₹681, pointing to an estimated gain of over 10% for investors.
• Share allotment is set for June 18, with shares tentatively scheduled to debut on the BSE and NSE by June 20.