Oswal Pumps Share Price Live: GMP, experts hint a decent debut of shares in stock market today; check key detail
Oswal Pumps Share Price Live: Oswal Pumps shares are scheduled to debut in the Indian stock market today, June 20. The initial public offering for shares began on June 13 and ended on June 17. Oswal Pumps IPO allotment was finalised on Wednesday, June 18.
A notice on the BSE indicated that trading members of the exchange are hereby notified that starting on Friday, June 20, 2025, the equity shares of Oswal Pumps Limited will be listed and available for trading on the Exchange as part of the 'B' Group of Securities.
Oswal Pumps IPO price band was fixed in the range of ₹ 584 to ₹ 614 per equity share of the face value of Re 1. Oswal Pumps IPO lot size was 24 equity shares and in multiples of 24 equity shares thereafter.
Oswal Pumps IPO subscription status was 34.42 times by the end of the bidding period. The allocation for Qualified Institutional Buyers (QIBs) saw a subscription rate of 88.08 times, while the non-institutional investors' category was subscribed 36.70 times. Retail Individual Investors (RIIs) experienced a subscription rate of 3.60 times.
Half of the total issue size has been allocated for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional buyers.
Oswal Pumps started its journey in 2003, initially producing low-speed monoblock pumps, and has since broadened its scope to include the production of grid-connected submersible pumps and electric motors.
The company produces both solar-powered and grid-connected submersible and monoblock pumps, as well as electric motors, which include induction and submersible varieties, in addition to solar modules, all marketed under the 'Oswal' brand.
Oswal Pumps IPO GMP today is +41. This indicates Oswal Pumps share price was trading at a premium of ₹ 41 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Oswal Pumps share price is indicated at ₹ 655 apiece, which is 6.68% higher than the IPO price of ₹ 614.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
Be alert about...: Uday Kotak hails Indian savers' transformation into investors but cautions against THIS
Indian stock market: Billionaire banker Uday Kotak, the founder and director of Kotak Mahindra Bank, highlighted a key transformation underway in India's financial landscape: investors preferring equity markets over bank FDs. However, he also shared a word of caution amid the growing equity culture. Kotak, in a recent post on social media platform X, wrote, 'India's saver turns investor. Post Covid, mutual fund AUM share, mainly equity, has doubled to 31% of bank deposits.' This succinct statement encapsulates a significant shift in the mindset of Indian households — from parking money in traditional bank deposits to actively investing in capital markets, particularly through mutual funds. Before the COVID-19 pandemic, Indian households predominantly preferred safe instruments like fixed deposits for saving money. Equity investments were often seen as risky and suitable only for a small section of financially literate or affluent individuals. However, the post-pandemic era has marked a change in this conservative approach. The share of mutual fund assets under management (AUM), largely driven by equity funds, has now grown to 31% of total bank deposits — a stark contrast to pre-COVID levels, where the share was significantly lower. According to the data shared by Kotak, the mutual fund AUM as a proportion of bank deposits was 13% in FY15, which increased to 21% in FY21, and now stands at 31% as of May 2025. The latest data from Association of Mutual Funds in India (AMFI) showed that the total AUM of mutual funds stood at ₹ 71.93 lakh crore in May, registering a 3% growth from ₹ 69.73 lakh crore in April. The pandemic prompted many individuals to reassess their financial planning, creating a stronger awareness of the importance of long-term wealth creation. With fixed deposit returns remaining relatively low and inflation impacting real returns, more people began exploring mutual funds for better yields. The rise of user-friendly investment platforms also made mutual fund investing more accessible to the masses, especially young investors. Another major contributor to this shift has been the widespread adoption of Systematic Investment Plans (SIPs). AMFI data showed that the monthly inflow into mutual funds through the SIP route rose by 0.21% to a fresh high of ₹ 26,688 crore in May. Additionally, the number of contributing SIP accounts in May rose to 8.56 crore against 8.38 crore in the previous month. The Indian stock market has witnessed a remarkable rally since the lows of the COVID-19 pandemic. Over the past five years, the benchmark Sensex has surged by 137%, while the Nifty 50 has advanced 145%. Broader markets have significantly outperformed the frontline indices during this period. The Nifty Smallcap 100 and Nifty Midcap 100 indices have each delivered nearly 300% returns over the last five years, underscoring the growing participation and interest in mid- and small-cap segments. While celebrating the shift from saving to investing and the impressive returns across market segments, Uday Kotak offers a timely caution: 'But let's be alert about excessive exuberance.' This serves as a prudent reminder that rapid market gains can often lead to over-optimism and speculative behavior. As valuations soar and investor participation widens, there is a risk of complacency or irrational expectations setting in. Kotak's message underscores the importance of maintaining financial discipline, focusing on fundamentals, and being mindful of potential market corrections — especially in an environment where sentiment can shift swiftly. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
an hour ago
- News18
Crude Oil Down 2% On Uncertainty Over US Role In Israel-Iran Tensions
Last Updated: Oil prices dipped on Friday as traders awaited the U.S. decision on involvement in the Israel-Iran conflict Crude Oil Prices: Oil prices softened on Friday as traders awaited a decision from the United States regarding its potential involvement in the ongoing Israel-Iran conflict. At 11:08 am, the Brent August contract on the Intercontinental Exchange was trading at $77.20 per barrel, over 2% lower than its previous close. White House Press Secretary Karoline Leavitt, quoting US President Donald Trump, said: 'Based on the fact that there's a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks." This statement is being viewed as a pressure tactic to nudge Iran toward negotiations. Market watchers pointed out that Trump has employed similar two-week deadlines for major decisions in the past, many of which passed without any significant action. As a result, crude oil prices tend to remain elevated during such periods of strategic ambiguity. Meanwhile, Iran has issued a warning against any US intervention, stating that such a move would trigger further escalation in West Asia — a region critical to global crude oil supply. Iran, a key member of the OPEC (Organization of the Petroleum Exporting Countries), is the third-largest oil producer within the bloc, producing around 3.3 million barrels of crude oil per day. Media reports indicated that the country continues to export crude oil, with current weekly loadings at around 2.2 million barrels per day. 'Crude oil remains highly volatile, with prices reacting sharply to developments and statements related to the Israel-Iran conflict," said Rahul Kalantri, Vice President for Commodities at Mehta Equities. 'Yesterday, we saw a sharp jump in crude oil prices… but this morning we are seeing a dip after the White House stated that President Trump will decide on Iran in two weeks, calming immediate fears of escalation." Despite the temporary pullback, Kalantri noted that crude is poised for a third consecutive weekly gain. Supply Disruptions Still a Concern 'The markets remain jittery as risks of supply disruptions from Iran and broader conflict escalation loom large. Geopolitical tensions and supply fears continue to support oil prices despite temporary pullbacks," Kalantri added. Sriram Iyer, Senior Research Analyst at Reliance Securities, echoed a similar sentiment, highlighting that intensifying hostilities in West Asia continue to fuel fears of regional supply disruptions, potentially limiting any sharp downside in oil prices. As of Wednesday, the Indian crude oil basket — the average price at which Indian refiners import crude — stood at $75.91 per barrel. The average price for June so far is $68.58 per barrel, up from $64.04 in May. About the Author Location : New Delhi, India, India First Published: June 20, 2025, 12:16 IST News business » economy Crude Oil Down 2% On Uncertainty Over US Role In Israel-Iran Tensions
Hindustan Times
an hour ago
- Hindustan Times
ISL organisers inform clubs that 2025-26 edition will not start after AIFF calendar snub, no clarity on MRA: Report
Indian football has never been short of controversies, and another scandal has joined the bandwagon! According to reports, the Indian Super League (ISL) organisers have informed clubs that there is uncertainity over the upcoming 2025-26 season, and it won't kick-off until there is clarity over the status of the Master Rights Agreement (MRA) signed with the AIFF. The ISL, which is also the country's top-tier football league, is run by Football Sports Development Limited (FSDL). FSDL is also the commercial partner of AIFF, and they signed a 15-year MRA in 2010. According to the MRA, FSDL pays the AIFF ₹50 crore annually, and in turn get the rights to broadcast, manage and commercialise Indian football, which also includes the national team. According to a PTI report, an anonymous source privy to the development said, 'FSDL has told the ISL club owners verbally that the next edition will not start until there is clarity on the MRA'. 'MRA ends in December and there is no clarity whether it will be renewed or a new agreement will be signed.' The AIFF, on the other hand, have claimed innocence. AIFF Deputy Secretary General M Satyanarayan said, 'We have not got any communication from the FSDL regarding ISL.' The previous two ISL seasons begin in September. The PTI report also mentions that FSDL are planning to make a new holding company that operates the ISL, with participating clubs (60 percent), FSDL (26 percent) and AIFF (14 percent) as shareholders. The anonymous source informed PTI, 'May be, there might be other arrangements for other properties like I-League, national teams etc. But it is very sketchy as of now regarding what the FSDL and AIFF want.' Also the delay is due to the Supreme Court directing the AIFF not to take any major decision until the final decision on a pending constitution case. On April 30, the country's top court reserved its verdict. Meanwhile, a former official said, 'If the SC directs new election of the AIFF, then the MRA will have to be negotiated by the new office bearers and that will take time.' 'Still, there may be enough time for the 2025-26 to happen, may be by squeezing the schedule or stretching the end date. That is the best case scenario.' Also the 2025-26 calendar released last month did not have any mention of ISL. Regarding, the source told PTI, 'There was nothing to be interpreted from the calendar. Firstly, it was issued last month and secondly, it was meant for events which are conducted directly by the AIFF.' 'ISL is not directly conducted by the AIFF and so the ISL dates were not there in the calendar. Moreover, the AIFF always consults the FSDL before announcing ISL dates. So, there is nothing in the calendar regarding the ISL.'
