Oswal Pumps IPO allotment finalised: How to check status online on MUGF Intime India, NSE, BSE

Oswal Pumps IPO allotment: The basis of allotment of Oswal Pumps Ltd was finalised on Wednesday, June 18. Investors who have applied for the company's shares can head to the websites of the NSE, the BSE and MUFG Intime India to check bid finalisation details.

The ₹1,387.34 initial public offering (IPO) received 34.42 times subscription during the three-day bidding window, as investors placed bids for 55,80,29,976 shares against 1,62,12,980 equity shares on offer.

The part reserved for qualified institutional buyers, or QIBs, garnered 88.08 times subscription, while the non-institutional investors (NIIs) category subscribed to their portion 36.70 times. The quota for retail investors was booked 3.60 times.

The initial share sale involved the issuance of new equity shares valued at ₹890 crore, along with an offer-for-sale (OFS) component of 81 lakh shares, aggregating to ₹497.34 crore, by promoter Vivek Gupta.

The price band was between ₹584 and ₹614 per share, and a lot consisted of at least 24 shares.

The objects of the issue include funding certain capital expenditure needs, investing in wholly-owned unit Oswal Solar, repaying certain outstanding borrowings, and corporate general purposes.

Before the public issue, Oswal Pumps collected ₹416.2 crore from anchor investors.

Oswal Pumps IPO allotment status online on MUFG Intime India: Step-by-step guide

• Go to the public issues page of the registrar at https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• From the list of IPO names, pick 'Oswal Pumps Limited’
• Identify yourself using any of these methods: Application No, PAN, Account No/IFSC, or DP/Client ID
• Click on the 'Submit' button

How to check Oswal Pumps IPO allotment status online on NSE

• Open the website of NSE at this URL: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Select 'Oswal Pumps' from symbols
• One can check allotment status by filling in PAN and application number
• Press the 'Submit' button

Steps to check Oswal Pumps IPO allotment status online on BSE

• Open the link to the BSE's allotment status portal: https://bseindia.com/investors/appli_check.aspx
• Select the issue type as 'Equity'
• Fill in the issue name as 'Oswal Pumps Ltd'
• Enter your PAN details or IPO application number
• Click on search

Oswal Pumps IPO listing date and time

Oswal Pumps shares are proposed to be listed on the National Stock Exchange (NSE) and the BSE on Friday, June 20, at 10 am.

Oswal Pumps is one of the leading vertically integrated manufacturers of grid-connected pumps, electric motors, and solar modules.