New Delhi, June 20 -- Shares of Oswal Pumps made a muted debut on the bourses on Friday, June 20, listing at Rs.634 on NSE, a premium of just 3.2 percent from its issue price of Rs.614. Meanwhile, on BSE it listed at Rs.632, up 2.9 percent from issue price.

The IPO, valued at Rs.1,387.34 crore, was open for subscription from June 13 to June 17.

Oswal Pumps's IPO ended on a strong note, with the issue subscribed 34.42 times over the three-day bidding window. Investors placed bids for 55.80 crore as against just 1,62 crore shares on offer. The retail investor segment saw 3.60 times subscription, while the non-institutional investor (NII) category witnessed 36.70 times subscription. The portion reserved for qualified institutional buyers (...