Haryana-based manufacturer and distributor of pumps, Oswal Pumps Limited’s initial public offering (IPO) received a strong response on the final day of the public subscription. The issue was subscribed 34.42 times on the third day as the bidding closed on Tuesday, 17 June 2025.
The company offered a book-built issue consisting of a fresh issue of 1.45 crore shares, amounting to ₹890 crore, and an offer-for-sale (OFS) of 0.81 crore shares, amounting to ₹497.34 crore. The company plans to raise ₹1,387.34 crore from the Indian stock market.
Out of the three bidding segments, the Qualified Institutional Buyers (QIBs) subscribed to the IPO the most, coming in at 88.08 times, as investors bid for 40,01,38,176 or over 40.01 crore equity shares compared to the 45,43,116 shares on offer.
(This is a developing story. Please check back for updates.)
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