Oswal Pumps share price: Stock lists at 3% premium; here's how much investors made per lot

The stock listed at ₹634 per share on the National Stock Exchange (NSE), a premium of 3.26% over the issue price of ₹614.

On the BSE, it started trading at ₹632, up 2.93%.

Oswal Pumps share price: Here's how much investors made per lot

The offer got 34.42 times the subscription during the three-day bidding period, with bids for 55,80,29,976 shares compared to 1,62,12,980 shares on offer.

The part reserved for qualified institutional buyers (QIBs) mobilised 88.08 times subscription, while the quota for non-institutional investors attracted 36.70 times subscription. The category for retail investors was booked 3.60 times.

Proceeds from the issue will be used to fund capital expenditures of the company, invest in a wholly-owned subsidiary, Oswal Solar, in the form of debt or equity, set up new manufacturing plants at Karnal, Haryana, clear debt, and general corporate purposes.

Oswal Pumps started operations in 2003 by producing low-speed monoblock pumps, and over the years, it expanded operations to produce grid-connected submersible pumps and electric motors.

Oswal Pumps reported revenue from operations of ₹1,067.34 crore with a profit after tax (PAT) of ₹216.71 crore for the nine-month period ending in December 2024. It posted ₹761.23 crore in revenue and a net profit of ₹97.67 crore in the financial year 2023-24.

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