Day 1 Live:
June 13, 2025 – The awaited Oswal Pumps IPO is officially listed on Indian stock exchanges and opened for subscription today. The issue size of Rs 1,387.34 crore has created a frenzy amongst investors. In our article today, we look at our live updates for Day 1, the IPO GMP (Grey Market Premium), subscription updates, and all the data you need to help you decide whether you should subscribe for the Oswal Pumps IPO.
Oswal Pumps IPO: Key features
The Oswals Pumps IPO opened for subscription on June 13, 2025 and will remain open until June 17, 2025. The company plans to raise Rs 1,387.34 crore through the IPO, which will consist of a fresh issue of Rs 890 crores and offer for sale (OFS) of 81,00,000 shares. The price band of the IPO is between Rs 584 and Rs 614 per share and the lot size is 24 shares. This provides access for retail investors, for which 35% of the issue will be reserved.
The company is generating excitement amongst investors due to its strong financials, in the first nine months of FY25, the company had revenues of Rs 1,067.3 crore and a PAT of Rs 216.7 crore. So how has the IPO been received on Day 1? Let’s get into the live updates and GMP trends.
Oswal Pump IPO GMP Today: What is the news?
The Grey Market Premium (GMP) of Oswal Pumps IPO is a big indicator of investor sentiment. According to various posts on X on the day of writing, the GMP is around Rs 100, or approximately 17% on the upper price band of Rs 614, indicating a listing price of approximately Rs 714, which is reasonable, profit potential for investors. Although, previous reports indicated lower GMP of Rs 68 (11%). Clearly, a lot of volatility in the grey market. As an investor adopting a grey-market approach, it would be wise to track the trends of GMP as it will guide market expectations for listing gains.
Day 1 Subscription Status: What do the numbers say?
As of 12:15 PM on June 13, 2025, the subscription status of Oswal Pumps IPO continues to unfold. On Day 1, with 3,29,512 applications made for retail, 3,362 applications made for Small HNI, and 6,725 applications made for Big HNI, the response is likely to be healthy. Pump stocks are consistently multi-baggers, and with solid fundamentals, Oswal Pumps likely reflects demand meaning a multitude of applications to the retail and HNI categories as we believe will be the case. I will try to update subscription numbers as we move through the day.
Reasons to Invest in Oswal Pumps IPO:
Oswal Pumps has demonstrated great financial performance, making the company a strong investment choice for IPO buyers.
- Explosive Revenue Growth: Revenue was Rs 387 crore in FY23, Rs 761.2 crore in FY24, for 9M FY25, revenue was Rs 1,067.3 crore.
- Profit Growth: PAT increased from Rs 34.2 crore in FY23 to Rs 97.7 crore in FY24, and for 9M FY25, profit was Rs 216.7 crore.
- Position in the Market: Oswal Pumps has a significant position in the pump manufacturing sector, which is a sector that is known to produce multi-bagger stocks.
- Retail Buyer Friendly: The IPO has a 35% retail quota, and a lot size of 24 shares. It is friendly to small investors.
Be sure to review the price-to-earnings (PE) ratio as well as market conditions before applying. The success of the IPO will be reliant on the final subscription numbers and the performance of the share on listing day.
Should you apply for Oswal Pumps IPO?
The Oswal Pumps IPO could be a great opportunity, especially for investors looking to add exposure to pumps manufacturing. The positive GMP of 17% and strong financials indicate that listing gains may come from this IPO. In light of market volatility, especially the grey market, investors should remain cautious. Experts are recommending applying for long-term gains, given the company’s healthy growth path, and its historical sector performance.
Pro Tip: Daily subscription status and GMP updates will give you some indication of investor interest in HIND and Oswal. Ask the lead managers, such as IIFL Capital and Axis Capital for subscription and GMP updates too.
Conclusion
The Oswal Pumps IPO has enjoyed an exciting Day 1, with a GMP of 17%, and attractive to investors. With a huge Rs 1,387 crore issue, this IPO could add well to your portfolio. Monitor live updates of subscription figures, as well as GMP trend, to help you decide whether to apply or not. Was Oswal Pumps worth the hype? Watch for more updates!