Rupee. 40 GMP; Can you apply on this IPO? What do experts say?

Pump manufacturer, distributor Oswal Pumps Limited started the initial public proposal (IPO) on Friday. Investors got good demand. Oswal Pump IPO is the main board IPO. The Oswal pump IPO’s three -day sub -script period starts from June 13 and ends on 17 June. The date of Oswal Pump IPO allocation is expected by June 18 and IPO listing date 20 June. The company’s equity shares will be listed on BSE and NSE stock exchanges.

Oswal pump IPO price band

The company received Rs. Have planned to raise. Oswal pump IPO price band is scheduled for Rs 584 to Rs 614 per share. The minimum investment amount required for IPO lot is 24 shares and retail investors are Rs 14,016. While IIFL Capital Services, Axis Capital, CLSA India, JM Financial and Nuwama are prominent manager in the IPO of Wealth Management Oswal Pumps, MUFG Inteime India (Link Inteime India) is an IPO Registrar.

Oswal Pump IPO Sub Script Status, GMP

According to NSE data, the bidding process has subscribed to 42 % of Oswal Pump IPO on the first day of June 13. There are bids for 67.83 lakh equity shares and 1.62 crore shares in public issue. 45 percent in retail section and 79 percent of sub -institutional investors in sub -block section. Eligible institutional buyer department has so far received 8 percent membership. Experts at the stock market say that Oswal pump IPO GMP today is Rs 40 per share. This means that the issue of Oswal pumps in the gray market is trading at Rs 654 with a premium of Rs 6.51 % as compared to Rs 614.

Oswal pump IPO review

Oswal pumps are the fastest growing vertical integrated solar pump manufacturer in India in terms of increase in income between 2022-24. In the financial year 2022-23, the company offered 44%, 103%and 134%, Ebita and Pat CAG respectively. Currently there is an order book of Rs 1,100 crore and an additional bid pipeline of Rs 3,200 crore. “Good growth in the coming years.” Stock market expert Nirmal Bong said, “We recommend ‘subscribe’ this IPO.”

Extreme increase in solar pump manufacturing sector

Mehta Equity Research Analyst Rajan Shinde said that Oswal pump will give investors an opportunity to invest in IPO solar pump manufacturing sector. The issue on assessment at a maximum price of Rs 614 is asking for a market cap of Rs 6,998 crore. Shinde said that the company is demanding an average of 42 times more on an average of the industry colleagues, after the IPO after the post -IPO of the annual financial year 25 annual financial year 25 annual revenue and IPO.

PM-Kusum Yojana

He said that one of the largest suppliers of solar-operated farm pumps under the company PM-Kusum Yojana, policy was ready to benefit from rapid change in tail winds and permanent irrigation solutions. Therefore, Shinde investors are advised to apply on the Oswal pump IPO with a longer perspective.

Comment: The above opinion and recommendations are individual analysts or broking companies. HT Telugu V. We recommend investors to contact certified professionals before making any investment decisions.