Kolkata: Oswal Pumps IPO garnered 45% subscription overall on the first day of bidding June 13. The number of shares on offer is 1,62,12,980 and the number of shares applied for till the evening of Friday, June 13 is 67,83,552 which is 42% of the amount. The public issue was subscribed 0.45 times in the retail category, 0.08 times in QIB, and 0.79 times in the NII category by June 13 evening.
The Oswal Pumps IPO opened for bidding on June 13. The issue of Rs 1,387.34 crores consists of fresh shares numbering 1.45 crore aggregating to Rs 890.00 crores and an OFS part of 0.81 crore shares aggregating to Rs 497.34 crores. The last date for bidding is June 17. The company collected Rs 416.2 crore from anchor investors on June 12. The list of anchor investors featured ICICI Prudential MF, Kotak Mahindra MF, Aditya Birla Sun Life MF, Quant MF, Societe Generale, Edelweiss Life Insurance, BNP Paribas.
Oswal Pumps IPO GMP
The grey market premium (GMP) of Oswal Pumps IPO has been declining for a few days. It was Rs 45 on June 14, Rs 53 on June 13, Rs 71 on June 12 and Rs 88 on June 11, which was the peak GMP. The GMP of Rs 45 indicates a listing gain of 7.33% while the GMP of Rs 88 indicated a listing gain of 14.33%. However, it must be borne in mind that GMP is only an unofficial indicator that guarantees nothing and can change with time.
Oswal Pumps price band, lot size
The price band for Oswal Pumps IPO was set at Rs 584-614. Retail investors have to bid for a minimum of 24 shares which needs an application amount of Rs 14,736, which at the upper end of the price band. The minimum lot for a HNI has 336 shares which will need Rs 2,06,304. Oswal Pumps manufactures pumps that have applications in the domestic, agricultural and industrial sectors. It manufactures a wide array of solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires, cables and electric panels.
The allotment of shares of Oswal Pumps IPO is expected on June 18, 2025. The date of listing of Oswal Pumps IPO shares is June 20. Refund of application money will be on June 19, while successful bidders will be credited shares on June 19.
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Oswal Pumps IPO garnered 45% subscription overall on the first day of bidding June 13. The public issue was subscribed 0.45 times in the retail category, 0.08 times in QIB, and 0.79 times in the NII category by June 13 evening. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
