Oswal Pumps IPO Day 3: Check GMP, Subscription Status & Key Highlights
The ₹1387 crore Oswal Pumps IPO opened on June 13, 2025 is scheduled to close today, June 17, 2025. The allotment will be out on June 18, 2025, and the tentative listing date on BSE and NSE is June 20, 2025.
Oswal Pumps IPO: Issue Details
Issue Size: The IPO is a bookbuilding issue of ₹1,387.34 crores, consisting of a fresh issue of ₹890.00 crores and an OFS (offer for sale) component of ₹497.34 crores.
Book-running lead managers: IIFL Capital Services, Axis Capital, CLSA India, JM Financial, Nuvama Wealth Management.
Registrar: MUFG Intime India Private Limited (formerly Link Intime India Private Limited).
Listing: The shares are proposed to be listed on the NSE and the BSE.
Oswal Pumps IPO Day 3: Subscription Details
[17-June-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers(QIBs) |
88.08 |
|
Non-Institutional Investors |
36.69 |
|
Retail Individual Investors(RIIs) |
3.59 |
|
Total |
34.41 |
Also Read : Oswal Pumps IPO Day 1 Subscription Status
Oswal Pumps IPO Day 2 Subscription Status
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to fund capital expenditure, general corporate purposes, repay/pre-pay borrowings, and invest in Oswal Pump’s wholly-owned Subsidiary, Oswal Solar, to set up a new manufacturing unit and repay/pre-pay borrowings.
Oswal Pumps IPO GMP Details
As of 17 June 2025, Oswal Pumps’ IPO GMP stood at ₹60. The expected listing price is ₹674, i.e., a 9.77% gain per share over the upper price band.
Source: Business Standard Report dated 17 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 Limited, established in 2003 and headquartered in Karnal, manufactures solar-powered and grid-connected pumping systems. Their product portfolio includes solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, etc., which cater to agricultural, industrial, and domestic applications.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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