Oswal Pumps IPO subscribed 5.6 times so far on day 3; here's how to check allotment online

Oswal Pumps IPO has been subscribed 5.57 times so far on the final day of the bidding on Tuesday, June 17. The issue, with a price band of ₹584 to ₹614 per share, has received bids for 9,02,31,552 shares as against 1,62,12,980 shares on offer, as per the data on stock exchanges at 12:44 pm.

The portion reserved for non-institutional investors (NIIs) secured 15.94 times subscription, while the part for retail investors fetched 1.96 times subscription. The category for qualified institutional buyers (QIBs) was subscribed 4.05 times.

The IPO is a mix of new shares worth ₹890 crore, and an offer-for-sale component valued at ₹497.34 crore, taking the total issue size to ₹1,387.34 crore.

The money raised will be utilised for certain capital expenditure needs, investment in its subsidiary Oswal Solar in the form of debt or equity, clearing debt, general corporate purposes, and establishing new manufacturing facilities at Karnal, Haryana.

The application size is 24 shares aggregating to ₹14,736 at the upper price band.

The allotment status of Oswal Pumps IPO will likely be finalised on Wednesday, June 18. The details will be available on the portals of the BSE, the NSE and MUFG Intime India.

How to check Oswal Pumps IPO allotment status on BSE

• Head to BSE's allotment status page: https://bseindia.com/investors/appli_check.aspx
• Keep the issue type as 'Equity'
• From the ‘Issue Name’ list, select 'Oswal Pumps Ltd'
• Enter PAN details or IPO application number
• Click on the 'Search' button

Steps to check Oswal Pumps IPO allotment status on NSE

• Visit this link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Choose 'Oswal Pumps' from symbols
• Fill in PAN and application number
• Click on the 'Submit' button

How to check Oswal Pumps IPO allotment status on MUFG Intime India

• Visit MUFG Intime India's IPO page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select 'Oswal Pumps Limited’ from issue names
• Enter any one of these: DP/Client ID, Application No, PAN, or Account No/IFSC
• Click on submit

The company's equity shares will be listed on the NSE and the BSE on June 20.

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

CLSA India, IIFL Capital Services, JM Financial, Nuvama Wealth Management and Axis Capital are the issue's book-running lead managers.