New Delhi, June 16 -- The initial public offering (IPO) for Oswal Pumps Ltd commenced on Friday, June 13, and will conclude on Tuesday, June 17. On Thursday, the company secured Rs.416.2 crore from anchor investors just a day prior to opening the share sale for public subscriptions.

The response to the Oswal Pumps IPO was moderate and consistent, with the retail investor segment being half subscribed, while Non-Institutional Investors (NIIs) saw a considerable response.

Among the anchor investors are ICICI Prudential Mutual Fund (MF), Kotak Mahindra MF, Aditya Birla Sun Life MF, Quant MF, Societe Generale, Edelweiss Life Insurance, BNP Paribas, the Parisian asset management firm Amundi, and the financial services company Capital Group, ...