Oswal Pumps IPO Sees Strong Demand Surge on Day 3 Amid ₹1,387 Crore Offering

Solid Investor Response Fuels Oversubscription on Final Day

Mumbai, 17 June, 2025: Oswal Pumps Ltd’s ₹1,387.34 crore initial public offering (IPO) is witnessing heightened investor interest as it progresses through its third and final day of bidding. The surge in demand points to growing confidence among investors, especially in the final hours of subscription.

Breakdown of IPO Components and Price Band

The public issue includes both a fresh issue and an offer for sale (OFS), with the combined proceeds amounting to ₹1,387.34 crore.

• Fresh Issue: 1.45 crore equity shares aggregating ₹890 crore
• Offer for Sale (OFS): 0.81 crore shares worth ₹497.34 crore

The company has established a price band ranging between ₹584 and ₹614 per share for the IPO.

Day 3 Subscription Update Reflects Increased Momentum

As of 10:24 AM on Tuesday, June 17, the IPO has received subscriptions 2.42 times the total offer size.

• Day 1 (Friday): Subscribed 42%
• Day 2 (Monday): Subscription rose to 66%
• Day 3 (Tuesday): A sharp rise in investor bids has been observed, signalling robust demand in the final stretch

Grey Market Premium Signals Strong Listing Expectations

According to market observers, the grey market premium (GMP) for Oswal Pumps IPO is hovering around ₹85. While the GMP provides a preliminary glimpse into the potential listing price, it is important to note that it is not an official indicator.

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