Kolkata: The sliding grey market premium (GMP) of Oswal Pumps IPO was arrested on May 15 and 16. The GMP which has declined steadily between May 11 and May 14 and fell from Rs 88 to Rs 43 — a fall by 104% — steadied and crept up slightly on May 15 to Rs 45 and steadied at that level. Oswal Pumps IPO garnered 45% subscription overall on the first day of bidding June 13, which was not updated till 8:15 am on Monday. 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.
Oswal Pumps IPO will be closed for bidding on Tuesday, June 17. The issue of Rs 1,387.34 crores consists of fresh shares numbering 1.45 crore and an OFS part of 0.81 crore shares. Significantly, 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
While the GMP of Rs 88 indicated a listing gain of 14.33%, the GMP of Rs 45 indicated a listing gain of 7.33%. However, it must be borne in mind that GMP is only an unofficial gauge that changes with time. Also, guarantees nothing and can change with time.
Oswal Pumps price, lot size, refund date
The price for Oswal Pumps IPO was set between Rs 584 and Rs 614. Retail investors have to pay an application amount of Rs 14,736 which is the cost of the minimum investible lot of 24 shares. For HNIs, the minimum lot consists of 336 shares which will need Rs 2,06,304 to be invested. The date of allotment of shares of Oswal Pumps IPO is June 18, 2025. The date of listing of Oswal Pumps IPO shares is June 20 while refund of application money will be on June 19. Successful bidders will be credited shares on June 19.
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.
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The slide in the grey market premium (GMP) of Oswal Pumps IPO was arrested on May 15 and 16. The GMP suffered a continuous slide between May 11 and May 14. The last date for public bidding is Tuesday, May 17, 2025. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
