Oswal Pumps IPO Marathi News: The IPO of the Pump and Motor Producer Oswal Pumps, which is the initial public offering, starting from June 7. Investors can invest in them by June 7. The shares of the company will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on June 7.
Oswal pumps want to raise a total of 90,1.5 crore through the IPO. Of these, new shares worth Rs. 909 crore will be issued and shares worth Rs.
Oswal pumps have fixed the price per share of Rs 5 to Rs 5 per share. The minimum investment in one lot will be 5 shares. If you apply for 2 lots at a cut-off price, you have to invest about 90,3.
At the same time, retail investors can apply for a maximum of 5 lots or 3 shares. For this, investors will have to invest Rs.
The company has reserved 5 % of the IPO for eligible institutional buyers (QIB). In addition, 5 percent is reserved for retail investors and the remaining 5 percent is reserved for non-organization investors (NII).
The company will use the funds raised by the IPO for its capital expenditure, the subsidiary Oswal Solar Plant, to repay the loan, and for general corporate purposes.
The Oswal Pumps, founded in 2, builds the company pumps, motors and solar pumping systems. The company’s product portfolio includes solar pumps, submersible pumps, monoblock pumps, pressure pumps, electric motors, cables and electric panels. The company has installed more than 5 solar pumping systems in many states under the PM-Kusum scheme. The company has more than 5 distributors across the country and also exports to 3 countries.
As of December 2, Oswal Pumps have completed the orders of 1.5 turnkey solar pumping systems under the PM Kusum scheme in the states including Haryana, Rajasthan, Uttar Pradesh and Maharashtra.
According to the Red Herring Prospects (RHP), the company’s listed colleague Kirloskar brothers Limited (P/E), Shakti Pumps (India) Limited (with P/E), WPAIL Limited (with P/E), KSB Limited (with P/E) of 1.99 and Roto pumps Limited (P/E) of 1.5.
