Oswal Pumps IPO, June 14 -- The initial public offering (IPO) of pump manufacturer and distributor, Oswal Pumps Ltd, was launched on Friday and received decent demand from investors. Oswal Pumps IPO is a mainboard IPO.

The three-day subscription period of Oswal Pumps IPO began on June 13 and will end on June 17. Oswal Pumps IPO allotment date will likely be June 18, and the IPO listing date is expected to be June 20. The equity shares of the company will be listed on both the stock exchanges - BSE and NSE.

The company plans to raise Rs.1,387.34 crore from the public issue, which is a combination of fresh issue of 1.45 crore equity shares worth Rs.890 crore, and an offer-for-sale (OFS) component of 81 lakh shares amounting to Rs.497.34 c...