The IPO, which opened for subscription on June 13 and closed on June 17, comprised a recent concern of shares value Rs 890 crore and an offer-for-sale (OFS) part of Rs 497.34 crore by promoters. The worth band was mounted at Rs 584 to Rs 614 per share, with loads dimension of 24 shares.
The problem was subscribed 34.42 occasions general, led by robust curiosity from institutional buyers. The QIB portion noticed 88.08 occasions subscription, NIIs 36.70 occasions, and the retail phase 3.60 occasions. Anchor buyers, who got here in a day forward of the opening, contributed Rs 416.20 crore.
The allotment standing may be checked by way of these hyperlinks:
1) Hyperlink Intime Portal (https://linkintime.co.in/initial_offer/public-issues.html)
2) Choose “Oswal Pumps Restricted” from the dropdown
3) Enter PAN, utility quantity, or DP/Consumer ID to view allotment particulars
Test on BSE Web site
1) Go to: https://www.bseindia.com/buyers/appli_check.aspx
2) Choose ‘Fairness’ after which ‘Oswal Pumps Restricted’ from the dropdown menu.
3) Enter your utility quantity and PAN.
Based in 2003, Oswal Pumps is a Karnal-based pump and motor producer. The corporate has executed over 26,000 photo voltaic pump installations underneath the PM-KUSUM scheme and exports to 17 nations. It presents a variety of merchandise, together with submersible pumps, photo voltaic programs, electrical motors, and management panels.
Financially, the corporate has posted a pointy rise in income and revenue. For the 9 months ending December 2024, Oswal reported income of Rs 1,067 crore and internet revenue of Rs 216 crore, with a stellar return on internet value of 88.73 %. The post-issue P/E is estimated at 24.22x.
With itemizing across the nook, all eyes are actually on how the inventory performs in a market the place sentiment round infrastructure and energy-linked performs stays robust.
(Disclaimer: Suggestions, options, views, and opinions given by the specialists are their very own. These don’t characterize the views of Financial Instances)
