Mumbai, June 13 -- The initial public offer of Oswal Pumps received bids for 67,83,552 shares as against 1,62,12,980 shares on offer, according to stock exchange data at 17:00 IST on Friday (13 June 2025). The issue was subscribed 0.42 times.

The issue opened for bidding on 13 June 2025 and it will close on 17 June 2025. The price band of the IPO is fixed between Rs 584 - 614 per share. An investor can bid for a minimum of 24 equity shares and in multiples thereof.

The issue comprises both a fresh issue of equity shares upto Rs 890 crore and an offer for sale up to 81,00,000 equity shares by Vivek Gupta, one of the prompters of the company.

The company proposes to utilize the net proceeds from the issue towards capital expenditure of R...