However, investors should note that the grey market premium (GMP) is not a guaranteed indicator of the stock’s actual listing performance.
At the end of the bidding process, the qualified institutional buyers’ (QIB) category led with a 23.95× subscription, followed closely by non-institutional investors at 27.93×.
Retail investors showed decent interest at 2.72×, while anchor investors had fully subscribed to their allocated quota on Day 1.
What analysts say about Oswal Pumps IPO?
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“The IPO received bids for over 22.4 crore shares against an offer of 1.58 crore shares, translating to a total demand of approximately ₹13,778 crore, reflecting strong investor confidence and robust market appetite,” noted Gaurav Garg of Lemonn Markets Desk.
“We believe the IPO offers attractive entry for medium- to long-term investors seeking exposure to the confluence of agri-infrastructure and clean energy,” he added.
Further, Prashanth Tapse, Senior VP (Research) at Mehta Equities, noted, “Despite prevailing market volatility, the mainboard IPO of Oswal Pumps received a robust response from investors, getting oversubscribed by over 34 times, with particularly strong interest from Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs).”
He said that the response reflects strong institutional confidence in the company’s fundamentals and long-term growth trajectory, even amid near-term market uncertainty.
“We believe this overwhelming demand was driven by attractive valuation levels, offering reasonable long-term upside potential along with a well-diversified product portfolio across agriculture, industrial, and domestic water solutions. We also see the company’s strategic positioning to benefit from ongoing government infrastructure and rural development initiatives, especially those focused on water management and irrigation,” Tapse added.
Given the strong subscription demand and ongoing market sentiment, Tapse anticipates a decent listing gain in the range of 10–15% for Oswal Pumps’ debut.
He also views Oswal Pumps as a compelling long-term investment opportunity, well-aligned with the government’s continued emphasis on rural electrification and promotion of solar-powered irrigation systems.
“For Allotted investors: We advise a HOLD for the long term, as the company is well-positioned to benefit from structural growth drivers in the agri and infrastructure sectors,” Tapse said.
The IPO saw significant oversubscription, reflecting confidence in the company’s fundamentals and valuation. With the allotment already out, investors will eye the stock’s debut on the bourses tomorrow.
The shares of Oswal Pumps are scheduled to be listed on NSE and BSE.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
