Oswal Pumps IPO Allotment Today: Check Status, Latest GMP And Listing Date
Investors who bid for the mainboard issue can check the Oswal Pumps IPO allotment status on the websites of BSE, NSE, and the issue registrar, MUFG Intime India.
Oswal Pumps IPO share allotment status is scheduled to be finalised on Wednesday, June 18, after the end of the subscription period. The mainboard IPO closed with a strong demand on the last day of bidding on Tuesday.
The initial public offering (IPO) of Oswal Pumps was subscribed 34.42 times on the last day of bidding, according to NSE data.
The Qualified Institutional Buyers (QIBs) booked their quota 88.08 times, while the Non-Institutional Investors (NIIs) subscribed their category nearly 37 times. The retail portion of the IPO was booked 3.6 times.
Oswal Pumps Ltd. launched its IPO on June 13 to raise Rs 1,387.34 crore from the primary market. The mainboard issue comprised a fresh issuance of 1.45 crore shares, worth Rs 890 crore, and an offer-for-sale (OFS) of 81 lakh amounting to Rs 497.34 crore.
The price band for the IPO was set between Rs 584 to Rs 614 per share.
The company is in the business of manufacturing and distributing pumps. Oswal Pumps Ltd. intends to invest the net proceeds in its wholly-owned subsidiary—Oswal Solar—for funding its new manufacturing unit at Karnal, Haryana.
It will also deploy capital for the repayment of its outstanding borrowings availed by the company and for other corporate purposes.
The IPO investors are now waiting for the company to finalise the share allotment status. Investors who bid for shares in the IPO can check the allotment status on the websites of BSE, NSE, and the issue registrar, MUFG Intime India.
How to Check Oswal Pumps IPO Allotment Status On MUFG Intime India
Visit the IPO allotment page on the issue registrar’s official website here.
Select 'Oswal Pumps Ltd..' from the drop-down menu for company names. It’s important to note that the company name will only appear after finalisation of the share allotment status.
Choose any of these options: PAN, Application Number, DP/Client ID, or Account No / IFSC.
Enter the details as per your selection.
Click on the ‘Submit’ button to check the details.
How to Check Oswal Pumps IPO Allotment Status On NSE
Visit the IPO allotment page on the NSE website here.
Select 'Equity & SME IPO bid details'.
Select the company symbol ‘OSWALPUMPS’ from the dropdown list for issue symbols.
Enter PAN details and Application Number.
Click on the ‘Submit’ button to check the share allotment details.
How to Check Oswal Pumps IPO Allotment Status On BSE
Go to the IPO allotment status page on the BSE website, here.
Select the issue type as 'Equity.'
Choose 'OSWAL PUMPS LIMITED’ from the dropdown menu.
Enter your application number or PAN (Permanent Account Number).
Complete the 'Captcha' for verification.
Click on the 'Search' button to view your allotment status.
Following the finalisation of the share allotment status, the company is scheduled to initiate the transfer of shares to the Demat accounts and refunds on June 19. Shares of Oswal Pumps Ltd. are scheduled to be listed on the NSE and BSE on Friday, June 20.
Oswal Pumps IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the IPO stood at Rs 60 as of 11:00 a.m. on June 18. The latest GMP indicates a listing price of Rs 674 per share at a premium of 9.77% over the upper limit of the IPO price band.
The IPO recorded its highest GMP of Rs 88 apiece on June 11. From June 12 to June 14, the GMP fell from Rs 71 to Rs 43 apiece. Subsequently, it has been on a strong upward trend, rising from Rs 45 to Rs 68.
Note: GMP does not represent official data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
