Oswal Pumps IPO: A Watershed Moment in Market Debut

Oswal Pumps' initial public offering saw 42% subscription on the first day. The IPO, concluding on June 17, combines a fresh issue and offer-for-sale, with total proceedings aimed at capital expenditures, investments, and debt repayment. The initial share sale generated significant interest, especially from non-institutional investors.

Devdiscourse News Desk | New Delhi | Updated: 13-06-2025 18:01 IST | Created: 13-06-2025 18:01 IST

Oswal Pumps IPO: A Watershed Moment in Market Debut — This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only.

Country:
India

Oswal Pumps' initial public offering (IPO) received a moderate response, with a 42% subscription on its first day. Data from the NSE revealed bids for 67.83 lakh shares, compared to the 1.62 crore shares available.

The IPO, ending on June 17, features a fresh issue of shares worth Rs 890 crore and an offer-for-sale valued at Rs 497.34 crore, set at a price range of Rs 584-614 per share. These efforts intend to raise a total of Rs 1,387.34 crore.

Proceeds will finance capital projects, investment in a subsidiary, new manufacturing facilities, debt settlement, and corporate purposes. Prominent book-running lead managers include IIFL Capital Services and Axis Capital, among others.

(With inputs from agencies.)