Oswal pumps oswal pumps iPo Listing: Oswal pumps shares are going to be listed in the stock markets on Friday, June 20. The company’s IPO was subscribed to more than 34.42 times in the primary market, which shows investors’ strong interest in this stock. Oswal Pumps started their business in 2003 by making slow -speed monoblock pumps. Later, the company also started the work of making submersible pumps and electric motors connected to the grid and now also makes solar energy -powered pumps and motors. Let us tell you what is the latest GMP of Oswal Pumps IPO and what is the opinion of the experts on it.
How much can be a listing gain?
IPO market experts are expected to get good returns from the listing of Oswal pumps. Mahesh M Ojha, AVP of Research and Business Development in Hensex Securities, believes that the stock may list at 8-12 percent premium from the upper price band of ₹ 614. They say that the company’s strong hold in the solar pump segment, the association with government schemes like PM-Kusum, and constantly good performance, justifies the listing premium.
Prashant Tapse, a research analyst at Mehta Equites, is expected to have a listing gain of 10–15 percent. They believe that the company has shown vigorous interest due to the company’s strong fundamentals, long -term development capacity, attractive valuation, agricultural, diverse product portfolio in industrial and domestic sectors, and government infrastructure and rural development initiatives.
What to do after listing investors?
Experts are giving different advice for investors who have received shares in IPOs:
Long -time investors: Mahesh M Ojha and Anand Rathi Share and Stock Brokers Fundamental Research Head Narendra Solanki both are advising both long -term investors to maintain shares. Ojha cite the scale of the Ojha company, market share and India’s renewable energy and connectivity with the targets of agricultural-infrastructure, while Solanki gave the IPO a ‘subscribed for a long time’ rating. Prashant Tapsa also recommends allotted investors to keep shares for long periods.
Earning profits immediately after listing: Mahesh M Ojha says that if the stock opens above ₹ 675, investors investing for listing benefits may consider a little profitable, but maintaining some exposure can be beneficial in the hope of possible re-removing.
New investors: Mahesh M Ojha recommends new investors to wait for the market’s widespread volatility and initial selling pressure after the listing. Prashant Tapse says that investors who have not been allotted shares may consider investing in case of fall after listing.
Let us tell you that the amount received from Oswal pumps IPO is planning to use capital expenditure, investment for new units in Assistant Company Oswal Solar, paying the company’s loans for general corporate purposes.
