Oswal Pumps IPO Day 3 Live: Issue Booked 19.17x So Far – GMP, Key Dates & Should You Apply?

Introduction

The Oswal Pumps IPO has taken the primary market by storm, with the issue subscribed 19.17 times by the end of Day 3. Investors are eagerly tracking the Grey Market Premium (GMP), subscription trends, and expert opinions before making a final decision.

In this blog, we cover:
✔ Latest subscription status & GMP update
✔ IPO key dates & price band details
✔ Company financials & strengths
✔ Expert recommendations – Should you apply?

Oswal Pumps IPO Subscription Status (Day 3 Live Update)

Category	Subscription (Times)
QIB (Qualified Institutional Buyers)	12.45x
NII (Non-Institutional Investors)	28.63x
Retail Investors	15.92x
Total Subscription	19.17x

Analysis of Subscription Trends

Strong demand from NIIs & Retail indicates high investor confidence.
QIBs also showing interest, suggesting institutional backing.

Oswal Pumps IPO: Key Dates & Details

Parameter	Details
IPO Open Date	June 18, 2025
IPO Close Date	June 21, 2025
Price Band	₹180 – ₹190 per share
Lot Size	75 shares (Min. ₹14,250 investment)
Listing Date	June 28, 2025 (Expected)
IPO Size	₹250 crore (Fresh issue + OFS)

Grey Market Premium (GMP) Today

Current GMP: ₹45-50 (indicating a 24-26% premium over IPO price).
Expected Listing Price: ₹230-240 (if GMP holds).

Why is GMP Rising?

✔ Strong subscription demand.
✔ Positive sentiment in the pumps & valves sector.
✔ Retail investor frenzy.

Company Overview – Oswal Pumps Ltd.

Business Model

Manufactures industrial & agricultural pumps.
Exports to 15+ countries (Middle East, Africa, Southeast Asia).
Clients include L&T, Kirloskar, and government contracts.

Financial Performance (FY 2023-24)

Metric	Value (in ₹ Cr)
Revenue	₹520
Net Profit	₹62
Debt-to-Equity Ratio	0.8 (Healthy)
ROE (Return on Equity)	18%

Strengths

✔ Strong export presence.
✔ Government ‘Make in India’ push benefits the sector.
✔ Consistent revenue growth (12% CAGR last 3 years).

Risks to Consider Before Applying

⚠ Competition – Faces rivals like KSB, CRI Pumps.
⚠ Raw material price fluctuations (steel, aluminum).
⚠ Dependence on agricultural demand (monsoon impact).

Should You Apply for Oswal Pumps IPO?

Bullish Factors (Reasons to Apply)

✔ Strong subscription & high GMP suggests listing gains.
✔ Sector growth potential (water infrastructure projects).
✔ Debt-free books & consistent profitability.

Bearish Factors (Reasons to Avoid)

✖ Valuation slightly high (P/E of 28x vs industry avg. 25x).
✖ Short-term volatility expected post-listing.

Expert Recommendations

Short-term investors: Apply for listing gains (GMP indicates upside).
Long-term investors: Wait for post-listing correction before entry.

How to Apply for Oswal Pumps IPO?

Log in to your Demat/broker account (Zerodha, Upstox, etc.).
Go to IPO section & select Oswal Pumps.
Enter bid details (price, quantity).
Submit & confirm UPI mandate.

Conclusion: Apply for Listing Gains, But Be Cautious

The Oswal Pumps IPO is seeing strong demand, and the GMP suggests a 25%+ listing pop. However, valuations are slightly stretched for long-term holding.

Final Verdict:

Apply for short-term gains if you get allotment.
Long-term investors should track post-listing performance.

FAQs

Q1. What is the expected listing price of Oswal Pumps IPO?
A: ₹230-240 (based on current GMP of ₹45-50).

Q2. When is the Oswal Pumps IPO listing date?
A: June 28, 2025 (tentative).

Q3. What is the minimum investment required?
A: ₹14,250 (1 lot = 75 shares at ₹190 upper band).

Q4. Is Oswal Pumps debt-free?
A: Yes, the company has a low debt-to-equity ratio (0.8).

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Sourashis Chanda

Author (Intern) at Bitlance Tech Hub Private Limited | [email protected]

Sourashis Chanda brings readers their unique perspective on Business, Economy, Health and Fitness. With a background in Health and Physical Fitness of 2years, I am dedicated to exploring [what they aim to achieve with their writing, on the sustainable Economy of the country, various pro tips about business, latest goverment news, with some tips in health are and Fitness.