Oswal Pumps IPO Sees Lively First Day with 42% Subscription and Over ₹1,300 Crore Target
Oswal Pumps IPO Makes Splash on Opening Day
Investors looking for action on Dalal Street turned their eyes to the Oswal Pumps IPO as it opened on June 13, 2025. By the end of Day 1, the subscription figures spoke volumes—42% of shares on offer found prospective buyers. That's a fair bit of enthusiasm considering how crowded this season’s IPO calendar has been.
The company, best known for its solar-powered pumps and pumping solutions, is targeting to raise a whopping ₹1,387.34 crore. The price band for this IPO is set between ₹584 and ₹614 per share. If you’re a retail investor itching to jump in, you’ll need to bid for a minimum of 24 shares. That’s an entry ticket of at least ₹14,016 on the lower band or ₹14,736 if you go all in at the top.
What’s fueling all this early interest? For starters, Oswal’s mix of a fresh issue (1.45 crore shares, ₹890 crore) and an Offer for Sale (0.81 crore shares, ₹497.34 crore) helps both the company and its existing backers. The fresh cash is set to push expansion plans and chip away at existing debt, which always sounds good to the markets. Meanwhile, selling shareholders get an exit window, often seen as a sign of a company’s coming-of-age in public markets.
Grey Market Buzz and Timeline to Listing
Among the biggest talking points in IPO circles? The grey market premium (GMP). Oswal Pumps’ GMP is holding steady at ₹45, hinting that the market expects it to debut near ₹659 on listing day. That’s more than 7% above the upper price band. While GMP is never a guarantee, it gives a sense of investor mood in the run-up to listing—and right now, spirits look reasonably high.
So, what’s next if you’re following this issue? Here’s how the timeline breaks down:
- Issue Closes: June 17, wrapping up the subscription phase
- Basis of Allotment: June 18, when the dust settles and winners are picked
- Refunds Begin: June 19, for those who don’t get shares
- Listing on BSE and NSE: Expected by June 20, 2025
If demand heats up and oversubscription becomes a reality, analysts are advising applicants to stick to the upper end of the price band—that’s ₹614 per share—to maximize their chances of getting an allocation.
Behind the scenes, some top names like IIFL Capital, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth are managing the book. Their presence typically adds a layer of confidence for prospective investors. With Oswal Pumps being a significant player in the booming solar pump market, the IPO isn’t just about the numbers—it's a bet on how India’s rural and agricultural infrastructure will evolve over the next few years.
Retail investors, especially those aiming for sustainable and growth-oriented bets, are watching this one closely. After all, a debut that’s both oversubscribed and commanding a GMP premium is always worth more than just a passing glance in Indian equity circles.