Oswal pumps iPo day 3 live: Issue Bookd 1.61x So far. Check Gmp, Key Dates, Issue Details. Should you apply or not?

The Initial Public Offering (IPO) for Oswal Pumps Ltd Started on Friday, June 13, and will end today, June 17. Where the issue was complete subscribed with non-institutional investors (Niis) and retail investors taking the lead. On thuresday, the company raised 416.2 Crore from Anchor Investors Just a Day Before Opening The Share Sale to Public Subscriptions.

Among the anchor investors are icici prudential fund (MF), Kotak Mahindra Mf, Aditya Birla Sun Life Mf, Quant Mf, Societe Generale, Edelweiss Lifis LIFE INSURANCE, BNP PARIBAS, BNP PARISIAN Asset Management Firm Amundi, and the Financial Services Company Capital Group, as stated in a circular published on the bse’s website.

Oswal pumps iPo price band has been established between 584 and 614 per share for a total initial public offering amouncing to 1,387 Crore. Investors can submit bids for a minimum of 24 equity shares and in multiples of 24 shares there.

The Basis of allotment of shares for the oswal pumps iPo is expected to be finalized on Wednsday, June 18, with refunds starting on Thursday, June 19, June 19, and shares bers being credited to the deeds of also Same day following the refunds. The shares of oswal pumps listing date is scheduled on bse and nse on Friday, June 20.

The firm focuses on producing submersible and monoblock pumps Powered by Solar Energy and Connected to the Grid, In Addition to Electric Motors, Compressing Bot Induction and SUBMERSILE Typs Solar panels, all solder the ‘oswal’ brand. With more than 22 years of experience in the industry, the company has developed significant knowledge in engineering, product design, manufacturing, testing.

Oswal pumps iPo day 3 live: subscription status

Oswal pumps iPo subscription status is 1.61 times on day 2, so far. The retail portion was subscribed 1.12 times, and nii portion was booked 4.50 times. Qualified Institutional Buyers (QIBS) PORTION RECEVED 27% Bids.

The company has received bids for 2,61,59,928 Shares Against 1,62,12,980 Shares on Offer, at 17:00 IST, According to data on bse.

Oswal Pumps iPo Day 3 Live: IPO Details

The Initial Public Offering Includes a New Isuance of Equity Shares Worth 890 Crore and a sale of up to 8.1 million shares by one of the company’s promoters, Vivek gupta, who currently holds a 25.17 percent stake in the company.

From the raised capital, 89.86 Crore will be designated for capital expertures, 273 Crore will assist the subsidiya oswal solar in establishing a new manufacturing facility in Haryana, 280 Crore will be used for debt repayments, and 31 Crore will Go Toward Settling Debts at Oswal Solar.

The key underwriters managing this offering are IIFL Capital, Axis Capital, Clsa India, JM Financial, and Nuvama Wealth Management.

Oswal Pumps iPo Day 3 Live: Oswal Pumps iPo Gmp Today

Oswal pumps iPo Gmp Today is +56. This indicates oswal pumps share price was trading at a premium of 56 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 670 apiece, which is 9.12% higher than the IPO price of 614.

In light of the green market activities over the last 11 Sessions, The IPO GMP is showing an upward trend today and is anticipated to have a robust listing. According to experts at investment.com, the lowest gmp is 0.00, while the highest reactions 88.00.

‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.

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