Oswal Pumps IPO Fully Subscribed on Day 2; Strong Demand from NII and Retail Segments
The public issue of Oswal Pumps Limited has seen a solid response from investors, getting fully subscribed by the second day of bidding. The IPO, valued at ₹1,387.34 crore, opened with a price band of ₹584 to ₹614 per share and is set to close on June 17.
Before the main subscription window, the company had already secured ₹416.2 crore from anchor investors, indicating strong institutional interest even before public bidding began.
Strong Subscription Momentum Builds on Day 2
According to data available on the NSE, the Oswal Pumps IPO received bids for 1.63 crore shares against 1.62 crore shares on offer, resulting in an overall subscription of 1.01 times.
Segment-Wise Investor Response
- Non-Institutional Investors (NII): 2.36 times subscription.
- Retail Individual Investors (RII): 85% subscription.
- Qualified Institutional Buyers (QIB): 24% subscription.
With one more day of bidding left, market participants expect the IPO to see further traction—especially from institutional investors, who typically place bulk orders towards the end.
Grey Market Premium (GMP) Trends
While investor interest remains positive, all eyes are also on the grey market premium (GMP) for cues on potential listing gains. According to market observers, the latest GMP reflects cautious optimism around the stock’s debut.