Oswal Pumps IPO Oversubscribed 19x, Retail Demand Strong

  Published 1 year ago

Oswal Pumps' IPO oversubscribed 19x, with institutional bids at 41x and retail at 3x, aiming to fund Haryana units and debt reduction.

  • Fresh issue of 8.9 billion rupees and sale of 8.1 million shares drove strong investor interest.
  • Proceeds will finance capital expenditure, new units, and debt repayment for the solar pump maker.
  • Stocks to debut on June 20 after a three-day bidding window ending Tuesday.

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