Oswal Pumps IPO Listing Tomorrow: Here’s What the GMP Suggests

Oswal Pumps Ltd, a leading manufacturer of water pumps, will debut on the stock exchanges tomorrow, June 20, 2025 (Friday). The company’s shares will be listed on both the BSE and NSE after a successful mainboard IPO.

📈 Oswal Pumps IPO GMP Today: ₹48

According to market observers, Oswal Pumps’ grey market premium (GMP) is ₹48 per share, indicating strong demand in the unlisted market.

IPO Price: ₹614 per share

Estimated Listing Price: ₹662

Premium: ~7.82% over the issue price

📊 IPO Subscription Highlights

Issue Size: ₹1,387.34 crore

Price Band: ₹584 – ₹614

Subscription Window: June 13 to June 17

IPO Allotment Date: June 18

Listing Date: June 20

Oversubscription: 34.42 times overall

Retail: 3.60x

NII: 36.70x

QIB: 88.08x

💼 IPO Structure

Fresh Issue: 1.45 crore shares worth ₹890 crore

Offer for Sale (OFS): 81 lakh shares worth ₹497.34 crore

Lead Managers: IIFL Capital, Axis Capital, CLSA India, JM Financial, Nuvama Wealth

Registrar: MUFG Intime India

📌 What To Expect on Listing Day?

With strong institutional interest and a healthy GMP, Oswal Pumps shares may list at a moderate premium over the issue price. However, market volatility due to global tensions (like the Iran-Israel conflict) could influence broader sentiment.