Oswal Pumps IPO subscribed 36% on Day 2; GMP softens despite retail interest. Should you subscribe?

On its second day, Oswal Pumps’ Rs 1,387 crore IPO saw 36% subscription by 10:44 a.m., driven by strong interest from retail and non-institutional investors. The IPO includes a fresh issue and an offer for sale, with the company raising Rs 416 crore from anchor investors.