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Oswal Pumps IPO booked 1.1X on Day 2 so far; GMP climbs on retail interest. Should you subscribe?
Oswal Pumps' Rs 1,387 crore IPO saw full subscription on Monday. Retail and non-institutional investors drove demand. The IPO received bids for 1.75 crore shares. Grey market premium indicated a potential listing gain. The company raised Rs 416 crore from anchor investors. Oswal Pumps manufactures solar pumps and related products. Revenue and profit have shown robust growth.
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