*🚨 Oswal Pumps IPO – Final Verdict* 📌 Risk-takers can consider for medium term 🚫 Conservative investors should avoid ✅ Fastest-growing solar pump player ✅ Strong govt tailwinds (PM Kusum – 87% rev) ✅ Backward integration & CapEx-led growth ⚠️ High Govt scheme dependency ⚠️ Weak cash flows ⚠️ Rich valuation vs Shakti Pumps *_🔍 Personal view. For education only._*