Haryana-based producer and distributor of pumps, Oswal Pumps Restricted’s preliminary public providing (IPO) obtained a robust response on the ultimate day of the general public subscription. The problem was subscribed 34.42 occasions on the third day because the bidding closed on Tuesday, 17 June 2025.
The corporate supplied a book-built concern consisting of a contemporary concern of 1.45 crore shares, amounting to ₹890 crore, and an offer-for-sale (OFS) of 0.81 crore shares, amounting to ₹497.34 crore. The corporate plans to lift ₹1,387.34 crore from the Indian inventory market.
Out of the three bidding segments, the Certified Institutional Patrons (QIBs) subscribed to the IPO essentially the most, coming in at 88.08 occasions, as traders bid for 40,01,38,176 or over 40.01 crore fairness shares in comparison with the 45,43,116 shares on provide.
The Non-Institutional Buyers (NIIs) adopted the QIB lead, coming in at 36.70 occasions subscription as traders bid for 12,84,70,944 or 12.84 crore fairness shares in comparison with the 35,00,959 shares on provide. The retail phase witnessed 3.6 occasions bidding as traders subscribed for two,94,33,576 or 2.94 crore shares, in comparison with the 81,68,905 shares on provide.
Oswal Pumps IPO GMP
As of Tuesday, 17 June 2025, the gray market premium (GMP) of the Oswal Pumps IPO stood at ₹72 per share. With the higher value band at ₹614, the shares are anticipated to be listed at ₹686 per share with a premium of 11.73 per cent, in accordance with information collected from Investorgain.com.
The Gray Market Premium (GMP) is an indicator of traders’ willingness to subscribe to a main concern. After the ultimate day of bidding, the GMP jumped by ₹16 to its present degree of ₹72 per share, in comparison with ₹56 apiece on Monday.
About Oswal Pumps IPO
Oswal Pumps IPO is a mix of a contemporary concern of 1.45 crore fairness shares price ₹890 crore, and an offer-for-sale (OFS) part of 81 lakh shares amounting to ₹497.34 crore.
The corporate mounted the value band of the general public provide within the vary of ₹584 to ₹614 per share, with so much measurement of 24 shares per lot.
IIFL Capital Companies, Axis Capital, CLSA India, JM Monetary, Nuvama Wealth Administration are the book-runners for the general public concern, whereas MUFG Intime India (Hyperlink Intime) is the registrar of the general public provide.
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