Oswal Pumps IPO Subscribed 1.65x on Day 2

Oswal Pumps IPO subscribed over 1.65x on its second day of subscription, wherein QIB subscribed 0.27x, NII subscribed 4.65x, and RII subscribed 1.16x.

Oswal Pumps IPO subscription started on Friday, June 13, 2025, and will close on June 17, 2025, as per the schedule. The price band is set at ₹584 to ₹614 per share with a face value of ₹1.

Oswal Pumps IPO Subscription Status

Oswal Pumps IPO subscribed over 1.65x on its second day till 05.00 PM on 16th June 2025.

Oswal Pumps IPO subscription QIB investors portion is 0.27x times, while NII subscribed 4.65x times, and RII investors subscribed 1.16x times.
The company has received bids for 2,61,67,632 shares against 1,58,16,581 shares on offer on the second day.
Oswal Pumps IPO subscribed over 0.19 times on day 1.
Oswal Pumps IPO subscribed over 1.65 times on day 2.

About Oswal Pumps IPO

Oswal Pump is one of the leading companies in terms of manufacturing low-speed monoblock pumps. Though they have an amazing experience in manufacturing pumps so they have decided to use it in producing solar-powered pumps. Due to an experienced and skilled engineering and technician team, the company is on the rise.

The firm is well-known as one of the premier turnkey solar pumping systems providers in India, with the capability to manufacture solar-powered agricultural pumps, solar modules, and pump controllers, and provide installation services for such systems. Additionally, the company said, motors are made from various raw materials. If the wrong ones are used, the products can rust or get damaged. So, choosing the right materials is very important.

As follows the rule and believe in growing, they have a large network of distributors across India, which grew from 473 on March 31, 2022, to 925 by December 31, 2024.

Oswal Pumps IPO Company Financial Report

The company reported revenue of ₹761.23 crores in 2024 against ₹387.47 crores in 2023. The company reported a profit of ₹97.67 crores in 2024 against a profit of ₹34.2 crores in 2023.

Oswal Pumps IPO GMP:

Oswal Pumps’ IPO GMP was ₹47 as of Monday, 16th June. That indicates the IPO is trading at ₹661 with a ₹47 premium in the grey market against the issue price of ₹614.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.