Oswal Pumps IPO allotment to be finalised today. Check status, GMP and other details

Synopsis

Oswal Pumps' Rs 1,387 crore IPO allotment status will be finalized today, with listing on BSE and NSE scheduled for June 20. The IPO, subscribed 34.42 times, saw strong institutional interest. Investors can check their allotment status via Link Intime or the BSE website, as the pump manufacturer prepares to debut with robust financial performance.

The allotment status for Oswal Pumps’s Rs 1,387 crore IPO will be finalised today. Investors can now check their application status through the registrar Link Intime’s website. The company is set to make its debut on the BSE and NSE on June 20.

The IPO, which opened for subscription on June 13 and closed on June 17, comprised a fresh issue of shares worth Rs 890 crore and an offer-for-sale (OFS) component of Rs 497.34 crore by promoters. The price band was fixed at Rs 584 to Rs 614 per share, with a lot size of 24 shares.

The issue was subscribed 34.42 times overall, led by strong interest from institutional investors. The QIB portion saw 88.08 times subscription, NIIs 36.70 times, and the retail segment 3.60 times. Anchor investors, who came in a day ahead of the opening, contributed Rs 416.20 crore.

The allotment status can be checked via these links:

1) Link Intime Portal (https://linkintime.co.in/initial_offer/public-issues.html)

2) Select "Oswal Pumps Limited" from the dropdown

3) Enter PAN, application number, or DP/Client ID to view allotment details

Check on BSE Website

1) Visit: https://www.bseindia.com/investors/appli_check.aspx

2) Select ‘Equity’ and then ‘Oswal Pumps Limited’ from the dropdown menu.

3) Enter your application number and PAN.

Founded in 2003, Oswal Pumps is a Karnal-based pump and motor manufacturer. The company has executed over 26,000 solar pump installations under the PM-KUSUM scheme and exports to 17 countries. It offers a wide range of products, including submersible pumps, solar systems, electric motors, and control panels.

Financially, the company has posted a sharp rise in revenue and profit. For the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 crore, with a stellar return on net worth of 88.73 percent. The post-issue P/E is estimated at 24.22x.

With listing around the corner, all eyes are now on how the stock performs in a market where sentiment around infrastructure and energy-linked plays remains strong.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)

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