Oswal Pumps IPO, June 9 -- Oswal Pumps, a manufacturer of integrated solar pumps, will launch its initial public offering (IPO) for subscription starting on June 13, with the offer set to close on June 17, according to the latest red herring prospectus submitted to SEBI. Oswal Pumps IPO price band will be revealed the following day, Tuesday, June 10.

The anchor book will open on June 12, with the basis for allotment scheduled to be finalised on June 18; refunds and the crediting of equity shares are set to begin on June 19. The stock is anticipated to be listed on the stock exchanges on June 20.

The company specialises in the production of solar-powered and grid-connected submersible and monoblock pumps, electric motors such as inductio...