Among the anchor investors are icici prudential fund (MF), Kotak Mahindra Mf, Aditya Birla Sun Life Mf, Quant Mf, Societe Generarale, Edelweiss LIFE INSURANCE, BNP PARIBAS, BNP PARIBAS Asset Manager Amundi, and the Financial Services Firm Capital Group, as per a circular posted on bse’s website.
Oswal pumps iPo price band has been set between 584 and 614 per share for its total initial public offering of 1,387 Crore. Investors can place bids for a minimum of 24 equity shares and in multiples of 24 shares there.
The offering will be conducted via the book-building method, where a maximum of 50% of the net offer will be reserved for Qualified Institutional Buyers on a Proporting Basist, at least 15% will be allotted Non-Institutional bidders, and a minimum of 35% will be set aside for retail individual bidders.
Oswal pumps starting its operations in 2003 by production low-speed monoblock pumps and has since printed its production to Include Grid-Connected Submersible Pumps and Electric Motor.
The company manufactures solar-power and grid-connected submersible and monoblock pumps, as well as electric motors, include induction and submersible motors, along These products under the ‘oswal’ brand.
In FY24, Oswal pumps’ Revenue from Operations surgged by 97% to 758.6 Crore, up from 385 Crore in the Previous Year, while Profit Climbed to 97.66 Crore from 34.20 Crore.
Oswal pumps iPo subscription status
Subscription for the public issue will open at 10:00 IST during friday’s deals.
Oswal pumps iPo review
As per Bp equitiesThe company has notbly decreased its debt-to-equity (d/e) ratio from 2.1x in fy22 to 0.4x in fy24, while the ratio for 9mfy25 is at 0.9x. The Rise in Debt was primarily attributed to a significant increase in short-term finance.
Nevertheless, Despite the Debt Increase, Financial Comfort Remains Intact, AS Evidenced by a Robust Growth in its Interest Coverage Ratio, which improved from 4.6x to 11.2X to 11.2X to2222 and 9mfy25.
The Valuation of the issue stands at a price-to-earnings (p/e) ratio of 21.2x at the upper price band based on fy25 earnings (annualized), making it relatively more again more Afordable Compared to Competitors. Taking all these compeling aspects into account, they sugges a “subscribe” recommendation for this issue.
Sbicap securities Noted that the firm has an order book Amouning to 1,100 Crore, which is approximately 0.8 times annualized revenue for 9mfy25, Along with an extra bidding pipeline of Around 3,200 Crore that sugges good growth potential.
However, a challenge for the business is its reliance on government contracts and potential delays in cash flow. The brokerage has advised investors to subscribe to the issue for a long-term investment percent.
Oswal pumps iPo Gmp Today
Oswal pumps iPo Gmp Today is +71. This indicates oswal pumps share price was trading at a premium of 71 in the green market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of oswal pumps share price is indicated at 685 apiece, which is 11.56% higher than the IPO price of 614.
According to the Recent Seven Sessions of Grey Market Activity, The Current IPO GMP is showing an upward trend and is anticipated to have a robust listing. The minimum gmp is 0.00, and the maximum gmp is 88, as noted by experts from investorgain.com.
‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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