Oswal Pumps IPO Day 2: Check GMP, Subscription Status & Key Highlights
Today is Day 2 of the Oswal Pumps IPO’s public subscription, which opened on 13 June 2025. The bidding window is scheduled to close on June 17, 2025.
Oswal Pumps IPO: Issue Details
Oswal Pumps IPO is a bookbuilding issue of ₹1,387.34 crores. It consists of a fresh issue of ₹890.00 crores and an OFS (offer for sale) component of ₹497.34 crores.
The price band is set between ₹584 and ₹614 per share.
The basis of allotment will be finalised by June 18, 2025, and the shares are expected to list on BSE and NSE on June 20, 2025.
Book-running lead managers for the issue are IIFL Capital Services Limited, Axis Capital Limited, Clsa India Private Limited, JM Financial Limited, and Nuvama Wealth Management Limited.
MUFG Intime India Private Limited is the registrar for the Oswal Pumps IPO.
Oswal Pumps IPO Day 2 Subscription Status
[16-June-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers(QIBs) |
0.27 |
|
Non-Institutional Investors |
4.50 |
|
Retail Individual Investors(RIIs) |
1.12 |
|
Total |
1.61 |
Oswal Pumps IPO Day 1 Subscription Status
[13-June-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers(QIBs) |
0.08 |
|
Non-Institutional Investors |
0.79 |
|
Retail Individual Investors(RIIs) |
0.44 |
|
Total |
0.42 |
Read More : Oswal Pumps IPO Day 1 Subscription Status
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used towards:
- Funding capital expenditure
- Investing in the wholly-owned Subsidiary, Oswal Solar, to set up a new manufacturing unit and repay/pre-pay borrowings
- Repay/pre-pay the company’s outstanding borrowings
- General corporate purposes
Oswal Pumps IPO GMP Details
As of 16 June 2025, Oswal Pumps' IPO GMP stood at ₹45. The expected listing gain is ₹659, i.e., a 7.33% gain per share over the upper price band.
|
Source: Business Standard Report dated 16 June, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Oswal Pumps Business Overview
Oswal Pumps is engaged in the manufacturing of solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, and solar modules. Their manufacturing facility located in Karnal, Haryana.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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