Oswal Pumps IPO
Oswal Pumps Limited (OSWALPUMPS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 20 June 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +26.5% (likely range +2% to +48%), day's high +27.8%, chance of a gain 92%. Actual: +3.3% at the open, +6.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 45,43,116 | 40,01,38,176 | 88.1x | |
| NII (HNI) total | 35,00,959 | 12,84,70,944 | 36.7x | |
| Big NII (above ₹10 lakh) | 23,33,973 | 10,21,83,216 | 43.8x | |
| Small NII (₹2-10 lakh) | 11,66,986 | 2,62,87,728 | 22.5x | |
| Retail | 81,68,905 | 2,94,33,576 | 3.60x | |
| Total | 1,62,12,980 | 55,80,42,696 | 34.4x |
Bids on NSE and BSE together, as published by NSE, as of 17 Jun 2025, 07:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Oswal Pumps's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Belrise IndustriesMay 2025 | 108x | 38.3x | 4.27x | 41.3x | ₹2,276 Cr | +11.1% | +13.8% |
| Cello WorldNov 2023 | 109x | 24.4x | 3.06x | 38.9x | ₹2,068 Cr | +27.9% | +29.2% |
| Kaynes Technology IndiaNov 2022 | 98.5x | 21.2x | 4.10x | 34.2x | ₹872 Cr | +32.5% | +33.9% |
| JNK IndiaApr 2024 | 75.7x | 23.3x | 4.11x | 28.1x | ₹651 Cr | +49.6% | +71.6% |
| Allied Blenders and DistillersJun 2024 | 50.4x | 32.4x | 4.51x | 23.5x | ₹1,579 Cr | +13.9% | +15.6% |
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Axis Capital | 11 | +5.7% | 64% |
| CLSA India | 10 | +23.5% | 70% |
| JM Financial | 109 | +22.8% | 75% |
| Nuvama Wealth Management | 35 | +11.9% | 66% |
Offer documents (NSE)
Frequently asked
What is the Oswal Pumps IPO price band and lot size? ₹584–614 per share, with a lot of 24 shares, so the smallest retail bid is ₹14,736.
How many times has it been subscribed? 34.4x overall: QIB 88.1x, NII 36.7x, retail 3.60x.
How did it list? It opened at ₹634, +3.3% against the issue price of ₹614, and closed its first day +1.9%.
