Oswal Pumps Ltd. has announced public offering of 22595114 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 613.00 per share. The gross proceeds of the issue are expected to be Rs 1,38,734.00 lakhs.
The company's initial public offer (IPO) will open on 13 June 2025 and is expected to close on 17 June 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 584.00-614.00 per share.
The IPO includes a fresh Issue of 22595114 Equity Shares of the Company at an price of Rs 614.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 24 shares with bids in multiples of 24.
Oswal Pumps Ltd. anticipates using the proceeds of the issue for .
Axis Capital Ltd.,CLSA India Private Limited,JM Financial Ltd.,IIFL Capital Services Limited,Nuvama Wealth Management Ltd. as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.