• Source:JND
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Oswal Pumps IPO: The subscription period for the eagerly anticipated Oswal Pumps initial public offering (IPO) opened today, Friday, June 13, 2025, and will run through June 17, 2025. Given the company's remarkable performance in the grey market prior to its launch, all eyes are on this mainboard IPO.

Issue Size and IPO Specifics

The Oswal Pumps IPO includes an Offer for Sale (OFS) of shares valued at Rs 890 crore in addition to a new issue of 1.45 crore equity shares. Both the BSE and the NSE will list the IPO.

Lot Size and Price Band

The IPO's price range has been set at Rs 584 to Rs 614 per share. Retail investors must spend at least Rs 14,016 to bid for one lot at the upper end of the price range because the minimum lot size is 24 shares.

Breakdown of Reservations

Up to 50% of the problem is with Qualified Institutional Buyers (QIBs).

At least 35% of the problem is with retail investors.

At least 15% are non-institutional investors (NIIs).

The Grey Market Premium (GMP) Indicates a Positive Attitude

The grey market, which frequently acts as a sentiment indicator for listing day performance, is showing a lot of interest in the IPO. The grey market premium (GMP) is currently Rs 71, indicating a listing gain of about 11% over the upper price range. The GMP had previously shown strong investor enthusiasm during the pre-listing phase, peaking at Rs 88 and falling to a low of Rs 50.

Retail and institutional investors are closely following Oswal Pumps' initial public offering (IPO) due to the company's established presence in the pumps and motors segment and its positive response in the unlisted market. It is a noteworthy offering during this IPO season due to its stable GMP trend and affordable lot pricing.

Discaimer: This just a piece of information about the IPO. jagran does not advise investing, please take an expert opinion before investing. 

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