OSWAL Pump IPO: The initial public offering (IPO) of solar pump maker Oswal Pumps Ltd opened on June 13, witnessing a few subscriptions on the second day of the bidding process so far. As of Monday, June 16, overall subscriptions to public offerings accounted for 81% of the total shares retained by investors.
OSWAL PUMPS IPO IPO Day 2 subscription status
According to BSE data, the IPO received bids as of 12:39 pm Monday at 12:39 pm, with a total of 1,31,09,904 shares, while 1,62,12,980 shares.
In the investor category, non-institutional investors (NIIS) showed the highest interest, subscribing to 63,67,176 shares, while 35,00,959 shares were reserved for them. On the other hand, qualified institutional buyers (QIBs) have the lowest interest rates, subscribing to only 10% (or 4,44,216 shares) of 45,43,116 shares allocated to the category.
Meanwhile, retail investors submitted bids for 62,98,512 shares (77%), while the stock retained 81,68,905 shares.
(This story will be updated soon.)
