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

Oswal Pumps’ Rs 1,387 crore IPO saw 36% subscription on its second day, 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.

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