Sunith Mandalia,
Official requirements require an iPhone 4S or higher or iPad 2 and higher, not sure where you got the idea that it can be installed on an iPod :)
https://itunes.apple.com/us/app/owa-for-iphone/id659503543
Requirements: Compatible with iPhone 4S, iPhone 5, iPad (3rd generation), iPad Wi-Fi + 4G, iPad (4th generation), iPad Wi-Fi + Cellular (4th generation), iPad mini and iPad mini Wi-Fi + Cellular. Requires iOS 6.0 or later. This app is optimized for iPhone
5.
https://itunes.apple.com/us/app/owa-for-ipad/id659524331
Requirements: Compatible with iPad 2 Wi-Fi, iPad 2 Wi-Fi + 3G, iPad (3rd generation), iPad Wi-Fi + 4G, iPad (4th generation), iPad Wi-Fi + Cellular (4th generation), iPad mini and iPad mini Wi-Fi + Cellular. Requires iOS 6.0 or later.