What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Oswal Pumps Limited IPO?

Based on the upper price band of ₹614 and current GMP of ₹41, the estimated listing price is ₹655 (approx. 6.7% gain).

What is the expected profit per lot for Oswal Pumps Limited IPO?

With a lot size of 24 shares and current GMP of ₹41, expected profit per retail application lot is approximately ₹984.

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Grey Market Intelligence

Oswal Pumps Limited

ListedMainboard

Capital Goods / Industrial Equipment · NSE / BSE

Oswal Pumps Limited, established in 2003, is a company that manufactures and distributes a wide range of pumps and related products for domestic, agricultural, and industrial use. Their product lineup includes solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires and cables, and electric panels. By August 31, 2024, the company had completed orders for 26,270 turnkey solar pumping systems under the PM-KUSUM Scheme across states like Haryana, Rajasthan, Uttar Pradesh, and Maharashtra. Their manufacturing facility is located in Karnal, Haryana, covering a total area of 41,076 square meters as of March 31, 2024. The company has been expanding its distribution network in India, growing from 473 distributors in March 2022 to 636 distributors by March 2024. Between April 1, 2021, and March 31, 2024, Oswal Pumps also exported its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.As of March 31, 2024, the company employed a total of 164 people.

Price Band

₹584 – ₹614

Issue Size

₹1387 Cr

Lot Size

24 shares

GMP

₹41

+6.7%

Est. Listing

₹655

at current GMP

Subscribed

35.28x

overall

Open

13 Jun 2025

17 Jun 2025

Allotment

18 Jun 2025

Refund

19 Jun 2025

Demat Credit

20 Jun 2025

Listing

20 Jun 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Oswal Pumps Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹41+6.7%

Issue Price (Upper)

₹614

Band: ₹584 – ₹614

Estimated Listing Price

₹655

Upper price + GMP

Lot Size

24 shares

Min investment ₹14,736

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹41	6.7%	₹655
30 Oct 2026	+₹41	6.7%	₹655
29 Oct 2026	+₹37	6.0%	₹651

About Oswal Pumps Limited Public Issue & Market Profile

Oswal Pumps Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Equipment sector with an aggregate issue size of ₹1,387.34 Crores. The shares are offered at a price band of ₹584 to ₹614 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 24 shares (approx. ₹14,736 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-06-20, while un-allotted funds or UPI block mandates will be released on 2025-06-19.

Frequently Asked Questions

What is Oswal Pumps Limited IPO GMP today?

The latest grey market premium for Oswal Pumps Limited IPO is ₹41, which indicates an expected listing price of ₹655.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.