The IPO will fetch Rs 1,387.34 crore at the upper end of the price band.
MUMBAI, June 12 (The CONNECT)- Oswal Pumps has garnered Rs. 416.20 crores from anchor investors ahead of its initial public offering that opens on Friday, June 13, 2025. The company informed the bourses that it allocated 67,78,533 equity shares at Rs. 614 per share on Thursday, June 12, 2025, to anchor investors.
Some of the marquee Institutions that participated in the anchor includes Societe Generale, BNP Paribas, Smallcap World Fund Inc, ICICI Prudential, Aditya Birla Sunlife, Kotak Mahindra MF, Quant MF, Amundi Funds, 360 One, Motilal Oswal MF, Bandhan Small Cap Fund, Edelweiss MF, Troo Capital, Nuvama MF, Sundaram MF, Edelweiss Life Insurance, and Mahindra Manulife, etc.
Out of the total allocation of 67,78,533 equity shares to the anchor investors, 29,62,821 equity shares were allocated to 11 domestic mutual funds through a total of 15 schemes, i.e. 43.71% of the Total Anchor Book Size.
IIFL Capital Services Limited, Axis Capital Limited, Limited, CLSA India Private Limited, JM Financial Limited, and Nuvama Wealth Management Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.
IPO Details
The IPO is a mix of fresh issue of up to Rs 890 crore and an offer for sale up to 81,00,000 equity shares by Vivek Gupta.
The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Friday, June 13, 2025, and closes on Tuesday, June 17, 2025. The price band for the Offer has been determined at Rs 584 – Rs 614 per equity share.
The IPO will fetch Rs 1,387.34 crore at the upper end of the price band.
Investors can bid for a minimum of 24 equity shares and in multiples of 24 equity shares thereafter.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional bidders, and not less than 35% of the offer shall be available for allocation to retail individual bidders.
