Kolkata: Oswal Pumps IPO is set to open for public bidding of shares today, June 13. The company managed to procure as much as Rs 416.2 crore from anchor investors on June 12. The list of anchor investors includes names such as ICICI Prudential MF, Kotak Mahindra MF, Aditya Birla Sun Life MF, Quant MF, Societe Generale, Edelweiss Life Insurance, BNP Paribas.
The bookbuilding 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 price band for Oswal Pumps IPO is Rs 584-614. A retail investor has to apply for a minimum of 24 shares which will entail an application money of Rs 14,736 at the upper end of the price band. The minimum lot for a HNI has 336 shares which will need Rs 2,06,304. Established in 2003, 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.
Oswal Pumps IPO GMP
The GMP (Grey market Premium) of Oswal Pumps IPO stood at Rs 71 on the morning of June 13, which is the same level as on June 12. However, it stood at Rs 88 on June 11, where it jumped from Rs 67 a day earlier. At the level of Rs 71, the GMP indicates a listing gain of 11.56%. The GMP was Rs 50 on June 9. However, it must be borne in mind that GMP is only an unofficial indicator that guarantees nothing and can change with time.
Important dates of Oswal IPO
The allotment of shares of Oswal Pumps IPO is expected to be concluded on June 18, 2025. The date of listing of Oswal Pumps IPO shares is June 20. Refund of application money to unsuccessful bidders will take place a day earlier, on June 19. Successful bidders will get shares in their demat account on June 19.
IIFL Capital Services Limited, Axis Capital Limited, Clsa India Private Limited, Jm Financial Limited, Nuvama Wealth Management Limited are the book running lead managers of the Oswal Pumps IPO, while MUFG Intime India Private Limited ((Link Intime) is the registrar for the issue.