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IPO Alert: If you are thinking of investing in the IPO market then this news is for you. An IPO of the mainboard category is currently open for subscription, which costs more than Rs 1387 crore and only two days to invest in it. We are talking about the IPO of Oswal pumps, which opened for subscription on the last business day of last week i.e. 13 June and will be closed on 17 June.

The IPO of Oswal Pump opened to retail investors on Friday and can be invested by June 17. Under this IPO, the company has issued 2,25,95,114 shares with a face value of Rs 1 face. This includes 1,44,95,114 new shares, while 81,00,000 shares worth Rs 497.34 crore are being sold through the company’s promoter offer for sale (OFS). Talking about the price band, it has been fixed at Rs 584-614.

Now let us tell you how you can ensure your stake in the profit of this company at a price of less than Rs 15000 in the IPO of Oswal pump. The company has fixed a lot size of 24 shares under the IPO. That is, any investor will have to bid for at least so many shares. Now if you calculate on the basis of upper price band, then the investor will have to invest at least Rs 14,736 and if there is an IPO then you will also have a share in listing and company profits. Retail investors can invest for a maximum of 13 lots and for this they have to invest Rs 1,91,568.

The IPO was opened for anchor investors on 12 June before opening for retail investors. 67,78,533 shares were issued to anchor investors, through which the company has raised Rs 416.20 crore. After the closure on 17 June, it will be allotted on 18 June and the process of share credit will be started in demat accounts on the next day i.e. 19 June. Oswal pumps shares will be listed on BSE and NSE and a possible date of listing has been fixed on 20 June.

The IPO of Oswal pumps is also stirring in the gray market and was trading at a GMP of Rs 42 till 12.59 pm on Sunday, June 15. Accordingly, its listing is expected to be profitable and it can be listed at Rs 655 against its upper price band. This company was established in the year 2003. The company is a company making pump, motor and solar pumping systems. If you look at the company’s product portfolio, it includes solar pumps, submersible pumps, monobalock pumps, pressure pumps, electric motors, cables and electric panels.