Oswal Pumps IPO has been witnessing strong investor interest, with the issue subscribed 5.79 times so far on Day 3. Investors are closely tracking the grey market premium (GMP), allotment dates, and expert recommendations before making their final bid decision.
In this blog, let’s explore Oswal Pumps IPO subscription status, GMP today, key dates, risks, company strengths, expert reviews, and whether you should subscribe or not.
Oswal Pumps IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | June 13, 2025 |
| IPO Close Date | June 17, 2025 |
| Basis of Allotment | June 18, 2025 |
| Refunds Initiation | June 19, 2025 |
| Shares Credit to Demat Accounts | June 19, 2025 |
| Listing Date (BSE & NSE) | June 20, 2025 |
Oswal Pumps IPO Details
- IPO Price Band: ₹584 – ₹614 per share
- Lot Size: 24 shares and in multiples thereafter
- Issue Size: ₹1,387 crore
- Fresh Issue: ₹890 crore
- Offer for Sale (OFS): 8.1 million shares
- Anchor Investment Raised: ₹416.2 crore
- Notable Anchor Investors: ICICI Prudential MF, Kotak MF, Aditya Birla Sun Life MF, Quant MF, BNP Paribas, Edelweiss Life Insurance, and others.
- Lead Managers: IIFL Capital, Axis Capital, CLSA India, JM Financial, Nuvama Wealth Management.
Oswal Pumps IPO Subscription Status (Live Update)
| Category | Subscription (As of Day 3) |
|---|---|
| Retail Investors | 2.01x |
| Non-Institutional Investors (NIIs) | 16.80x |
| Qualified Institutional Buyers (QIBs) | 4.10x |
| Total Subscription | 5.79x |
Oswal Pumps IPO GMP Today (Grey Market Premium)
- Current GMP: ₹56
- Expected Listing Price: ₹670 (Approx. 9.12% gain over issue price of ₹614)
- GMP Trend: Positive, with upward momentum in recent sessions.
Note: Grey Market Premium reflects market sentiment but is unofficial and speculative.
About Oswal Pumps Ltd
Oswal Pumps Ltd is one of India’s leading manufacturers of solar-powered agricultural pumps, catering majorly to government schemes like PM Kusum Scheme. The company also produces:
- Submersible & monoblock pumps
- Electric motors (induction & submersible)
- Solar panels
Manufacturing Facilities:
- Karnal, Haryana: Two integrated manufacturing units (for pumps/motors and solar modules)
Strengths of Oswal Pumps
- Leading Supplier in Solar Pumps Segment
- Vertically Integrated Manufacturing
- Strong Engineering & Design Capabilities
- Extensive Distribution Network Across India
- Experienced Promoters & Management
- Beneficiary of Renewable Energy Push
Risks Involved
- Dependence on PM Kusum Scheme: Any policy change can impact revenues.
- Exposure to Agriculture Sector: Seasonal and policy-related fluctuations in the agricultural sector can influence growth.
Brokerage Views & Recommendations
Master Capital Services:
- Positive Outlook for long-term investors.
- Focus on operational integration and profitability improvement.
- Suitable for investors with a long-term view.
KR Choksey Securities:
- IPO fairly valued at 17.1x FY25 EV/EBITDA.
- “SUBSCRIBE” recommendation on the back of strong growth potential in the renewable sector and robust execution capabilities.
Should You Apply for Oswal Pumps IPO?
| Factors | Verdict |
|---|---|
| Subscription Numbers | 🔵 Strong Demand |
| GMP Trend | 🟢 Positive Listing Expected |
| Long-Term Business Potential | 🟢 Positive |
| Associated Risks | ⚠️ Sectoral Dependence |
How a ‘Walk of Shame’ Led to Murder: Shocking Truth Behind 700-Year-Old Priest Killing
[…] per market observers, the Grey Market Premium (GMP) for Rama Telecom IPO stood at ₹5 on Tuesday, indicating a likely listing at ₹73 per share. This […]