Oswal Pumps IPO gets off to sluggish begin; subscription stands at 6%, GMP declines to 11%

Oswal Pumps IPO gets off to sluggish begin; subscription stands at 6%, GMP declines to 11%

Oswal Pumps IPO subscription status Day 1: The initial shares offering (IPO) of Oswal Pumps opened subscription today, June 13, 2025. The mainline IPO has got off to a slow begin with the issue getting subscribed just 6 per cent till 11 AM on Day 1, as per data available on National Stock Exchange (NSE).

The tranche allocated to retail investors and non-institutional investors (NIIs) was subscribed about 9 per cent each. The qualified institutional buyers (QIBs) had, however, no bids so far.

On Thursday, ahead of the IPO, Oswal Pumps mopped up 416.20 crore through anchor investors. To the exchanges, the company sent a notice that it had distributed 6.77 million equity shares at 614 per share to anchor investors. Part of the marquee institutions that invested in the anchor round are Societe Generale, BNP Paribas, ICICI Prudential, Aditya Birla Sun Life, Kotak Mahindra Mutual Fund, Quant Mutual Fund, Motilal Oswal MF, Bandhan Small Cap Fund, Nuvama MF, Sundaram MF, Amundi Funds, 360 One and Edelweiss Life Insurance among others.

Oswal Pumps IPO grey market premium (GMP)

As per the sources which monitor unofficial market operations, unlisted stocks of Oswal Pumps were being traded at 685 a share with a grey market premium (GMP) of 71 or 11.5 per cent above the upper band price of 614. Though, in the grey market, it was selling at a premium of 83 or 13.5 per cent on Thursday.

Oswal Pumps IPO review

Analysts have advised people to subscribe to the issue at long term level. The analysts at SBI Securities said the company has an order book of 1,100, or 80 per cent of its annualised revenue in the first nine months of fiscal 202425 (FY25). Moreover, a additional bid pipeline of 3,200 crore keeps decent visibility of growth. Nevertheless, its dependence on government projects and policies along with the cash flow delays may become its possible overhand.

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