Oswal Pumps IPO subscribed 34.41x on last day; QIBs lead with 88x bids
The Rs 1,387 crore initial public offering (IPO) of Oswal Pumps—one of India’s fastest-growing solar pump manufacturers—was subscribed 34.41 times by 5:00 pm on the final day of bidding. Investor demand was led by qualified institutional buyers (QIBs), who subscribed 88.08 times their allotted quota, followed by non-institutional investors at 36.69 times and retail investors…
