Oswal Pumps IPO Set for June 13—Price Band ₹584-₹614, Key Details Revealed!

Image Source: Money Mint Idea

Oswal Pumps Ltd. is gearing up for its highly anticipated IPO, with a price band set at ₹584₹614 per share. The subscription window opens on June 13 and closes on June 17, marking a significant milestone for the leading manufacturer of submersible and monoblock pumps.

Key Highlights:

IPO Price Band: ₹584₹614 per equity share, with a lot size of 24 shares.
Subscription Dates: Opens June 13, closes June 17.
Anchor Investor Allocation: Scheduled for June 12, ahead of the public offering.
Issue Size: The IPO aims to raise ₹1,387.34 crore, supporting expansion and operational growth.
Listing Date: Shares will debut on BSE and NSE on June 20.
Company Strengths: Oswal Pumps is a key supplier of solarpowered agricultural pumps, benefiting from government schemes like PM Kusum.

With strong financials and a strategic market position, Oswal Pumps’ IPO is expected to attract significant investor interest, reinforcing its growth trajectory in India’s clean energy sector.

Sources: MSN, LiveMint, Groww.