Oswal Pumps raises Rs 416 crore from anchor investors ahead of IPO

Oswal Pumps has raised Rs 416.20 crore from anchor investors, marking a strong start ahead of its initial public offering (IPO) which opens for public subscription on Friday. The company informed the exchanges that it allotted 67,78,533 equity shares at Rs 614 per share to anchor investors on Thursday.

The anchor book saw participation from a mix of global and domestic institutional investors. Notable names include Societe Generale, BNP Paribas, Smallcap World Fund Inc, ICICI Prudential, Aditya Birla Sun Life, Kotak Mahindra Mutual Fund, Quant Mutual Fund, Amundi Funds, 360 One, Motilal Oswal Mutual Fund, Bandhan Small Cap Fund, Edelweiss Mutual Fund, Troo Capital, Nuvama Mutual Fund, Sundaram Mutual Fund, Edelweiss Life Insurance, and Mahindra Manulife.

Of the total anchor allotment, 29.62 lakh equity shares — around 43.7% of the anchor book — were allocated to 11 domestic mutual funds across 15 schemes, reflecting healthy domestic interest.


Oswal Pumps’ IPO, scheduled to run from June 13 to June 17, comprises a fresh issue of shares worth Rs 890 crore and an offer for sale of 81 lakh equity shares by promoter Vivek Gupta. At the upper end of the price band — Rs 584 to Rs 614 per share — the issue size is expected to fetch Rs 1,387.34 crore.

Investors can place bids in lots of 24 equity shares and in multiples thereafter. The IPO is being made via the book-building process with up to 50% reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.

IIFL Capital, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management are the book-running lead managers to the issue, while MUFG Intime India is the registrar.