Oswal Pumps' IPO to open on Jun 13; sets price band of Rs 584-614/share
Oswal Pumps Limited, a prominent manufacturer of solar-powered and grid-connected pumps, electric motors, and solar modules, is set to launch its Initial Public Offering (IPO) on June 13, 2025. The IPO will close on June 17, 2025
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Business Standard
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Sunjay Kapur obit: Polo enthusiast who galvanised Sona Comstar's fortunes
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India Today
8 hours ago
- India Today
Should you subscribe to Oswal Pumps IPO? Here's what experts say
Oswal Pumps Limited has launched its initial public offering (IPO) with a subscription window from June 13 to June 17, 2025, aiming to raise a total of Rs 1,387.34 IPO structure includes a fresh issue of 1.45 crore shares worth Rs 890 crore and an offer for sale of 81 lakh shares, amounting to Rs 497.34 crore. The shares are anticipated to be listed on both the BSE and NSE, with a tentative listing date of June 20, Pumps IPO is priced within a band of Rs 584 to Rs 614 per share, with a minimum application lot size of 24 shares. Retail investors are required to invest a minimum of Rs 14,016, although it is advised to bid at the cutoff price to mitigate oversubscription risks, potentially increasing the investment to approximately Rs 14,736. The structured investment approach also caters to Small High Net-worth Individuals (sNII) and Big High Net-worth Individuals (bNII), ensuring participation from various investor categories according to their financial sNII, the minimum investment is 14 lots (336 shares) at Rs 2,06,304, while bNII must invest in 68 lots (1,632 shares) totaling Rs 10,02,048. This tiered investment strategy allows diverse investor engagement, aligning with their financial strengths. Additionally, this approach helps in maintaining a balanced demand and supply, reducing the risk of price volatility post-listing. The IPO allotment is anticipated to be finalised on June 18, RecommendationsadvertisementSeveral prominent brokerages have positively evaluated Oswal Pumps' IPO, recommending investors to company has garnered support from major financial institutions such as Aditya Birla Capital, BP Wealth, GEPL Capital, Nirmal Bang, SBI Securities, SMIFS Limited, and Deven Choksey, all of whom have issued a "Subscribe" rating. These endorsements reflect confidence in Oswal Pumps' strong fundamentals and growth the upper price band of Rs 614, the issue shows a price-to-earnings (P/E) ratio of 24.22x, based on the annualised EPS for the first nine months of FY25, reported at Rs Capital has assigned a "Subscribe for Long Term" rating, indicating that the IPO could be a prudent investment for those with a long-term horizon. This P/E ratio suggests a fair valuation, especially considering the company's growth trajectory and market position. Investors may find this an attractive opportunity given the company's established market presence and positive growth outlook.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
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Business Standard
13 hours ago
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Aten Papers & Foam IPO Day 1: Check subscription, GMP, listing date, more
Aten Papers & Foam IPO Day 1 updates: Aten Papers & Foam IPO (SME) is off to a muted start with its initial public offering (IPO) on Day 1 of the subscription. The IPO, which opened today, June 13, has been subscribed 0.29 times so far. The public issue subscribed 0.10 times in the retail category, 1.02 times in QIB, and 0.41 times in the NII category, by 12:10 PM. The IPO will close on June 17, 2025. Aten Papers & Foam IPO is a book building of ₹31.68 crore. The issue is entirely a fresh issue of 3.3 million shares. Aten Papers & Foam IPO Grey Market Premium (GMP) The Grey Market Premium for Aten Papers & Foam SME IPO stood at Nil, indicating a flat listing at the upper price band of the IPO. Aten Papers & Foam IPO price band Aten Papers & Foam IPO price band is set at ₹91 to ₹96 per share. Objective of Aten Papers & Foam IPO Aten Papers & Foam Limited plans to utilise the net proceeds from its Initial Public Offering (IPO) to support key areas of its business expansion and operations. A portion of the funds, amounting to approximately ₹4.27 crore, will be allocated towards capital expenditure. Aten Papers & Foam IPO lot size The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,09,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,30,400. Aten Papers & Foam IPO allotment, listing details The allotment for the Aten Papers & Foam IPO is expected to be finalised on Wednesday, June 18, 2025. Aten Papers & Foam IPO will be listed on BSE SME with a tentative listing date fixed as Friday, June 20, 2025. Aten Papers & Foam IPO lead manager, registrar details Swastika Investmart Ltd is the book-running lead manager of the Aten Papers & Foam IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Aten Papers & Foam IPO is Sunflower Broking Private Limited. Aten Papers & Foam IPO financial performance Between the financial years ending March 31, 2024, and March 31, 2025, Aten Papers & Foam Limited reported a strong financial performance, with revenue rising 43 per cent to ₹138.70 crore from ₹96.80 crore. The company's profit after tax (PAT) surged 152 per cent to ₹7.01 crore in FY25 compared to ₹2.78 crore in FY24. About Aten Papers & Foam IPO Incorporated in 2019, Aten Papers & Foam Limited operates as a key intermediary in the paper product supply chain. The company sources paper from various mills and supplies it to clients, mainly in the packaging industry. Its product range includes Kraft paper, duplex boards, and other paper grades across various sizes and thicknesses. It also engages in the procurement and sale of wastepaper, which it supplies to paper mills as a critical raw material. The company offers different types of Kraft paper for various end uses. Its recycled Kraft paper caters to packaging clients in Gujarat, often under flexible credit terms. It also supplies absorbent Kraft paper, which is repurposed by mills for furniture and interior décor. For sustainable packaging, Aten provides durable Kraft paper for grocery, medical, and other daily-use bags. In addition, it manufactures tube Kraft paper using a mix of wood pulp, cardboard, and Kraft paper tailored to industrial needs.
