Big Trouble for Tata Motors? June Sales Fall 12% – Here’s What You Need to Know

 

Big Trouble for Tata Motors? June Sales Fall 12% – Here’s What You Need to Know

Tata Motors has recorded major decrease of its domestic sales in June and it is about 12 percent of the last year. The company experienced a downfall in terms of sale in the month by 65,019 units as opposed to 74,147 units in the same month in the previous year. The decline is attributed to weaknesses in the commercial vehicle (CV) industry that recorded a negative 5 percent growth year-on-year in 30,238 units in June. Also, the sales of CVs declined by 6 percent in the first quarter of this fiscal year.

Quarterly sales numbers were also on the decline by 10 percent to 2.03 lakh units further declining the market status quo of the company with the changes in the industry trend. A number of factors might be responsible to the reduction in sales among them being the economic conditions, competitive forces and changing customer preferences.

Girish Wagh, the Executive director of Tata Motors, explained the restrained performance in the CV industry where there was less performance of the HCV and SCVPU segment and a moderate growth in the performance of buses and vans. Though these challenges may still exist, as Wagh pointed out, the company has been committed to its demand-pull strategy, which is to remain focussed on driving its demand-pull strategy and engagement with customers to give more value and customised solutions so that its customers can grow their business.

In the meantime, Tata motors electric vehicle (EV) division posted a growth of 12% in the month of June 2022, the overall figures of the quarter were marginally down by 2% where, 16,231 units were sold. This increase in EV sales shows a good change to sustainable solutions on mobility considering the strategic move of the company to increase its EV range.

Tata Motors stock was at 0.60 per cent share lower on Tuesday as it closed at 683.95 on the stock market. This is dwindling by 4 percent last month meaning that investors are worried about how the company is doing in terms of sales. The implication of the situation of Tata Motors on its presence in the wider market is also drastic, encapsulating declining sales and unpredictable rising or falling stock prices. The trade analysts would be keen to see how Tata Motors would make strategic changes and reactions in the market within a few months. Its flexibility to respond to the needs of the market and to be innovative in shipment products offered will play a great role in overcoming the current negative trend and win the trust of the investors back.

Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.

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Kalpataru issues list flat at IPO price on NSE, analysts advise buy, sell or take the wait and watch approach

Kalpataru issues list flat at IPO price on NSE, analysts advise buy, sell or take the wait and watch approach

The Kalpataru shares were listed recently on the National Stock Exchange (NSE) on 1 July at the same price of the IPO of Rs. 163. At the primary market, the share was subscribed more than 2.26 times.

At the NSE, Kalpataru shares were at par with its issue price as they were listed as Rs 414 per share. This initial public offer (IPO) was Rs 1,590-crore with the price band between Rs 387 to 414 per share. The overall market cap of company after listing of shares was Rs 8,524.84 crore

The stock of the company traded flat at a premium of 0.02 percent at Rs. 414.10 on the BSE as well.

Qualified Institutional Buyers (QIBs) category was subscribed by 3.12 and the lot of non-institutional investors was subscribed by 1.31. The Retail Individual Investors (RIIs) section was subscribed 1.29 times.

has a diversified order book and operations in other countries, having helped build infrastructure and EPC space. Yet, both the execution schedule and industry headwinds are issues that could limit enthusiasm on the listing date. Investors will have to consider these as partial gains on listing but those who have a long-term view can hold them, added this analyst, especially when they believe that a company has the ability to monetise its order book effectively.

Kalpataru is the Mumbai-based company involved in residential and commercial projects development and projects on retail stores and integrated townships. It also lies in regeneration of the societies. Kalpataru is a major real estate developer in the country having respectable operations in the Mumbai Metropolitan Region (MMR) in the state of Maharashtra.

Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.

Nestle share price up 2 percent as share issue is approved by the board; see details

 

Nestle share price up 2 percent as share issue is approved by the board; see details

Nestle bonus issue:Nestle scrips jumped 1.6 per cent to 2,444.65 in trade on June 26, 2025 on the BSE. At 10 28 AM, Nestle share price traded up 0. 74 per cent to Rs 2422. 20 per share on BSE. The BSE Sensex gained 0.48 per cent to 83,153.38 in comparison.

Market capitalisation of the firm was at 2,33,933.45 crore. It had reached 52 weeks high of 2777 per share and its low was 2115 per share in 52 weeks.

The Nestle shares have fallen 5 per cent in just a span of one year, against the 5 per cent increase in Sensex.

Nestle bonus issue details 

Nestle shares were in demand following the decision by the board of directors to issue bonus shares to the tune of 96, 41, 57, 160 rupees. To meet the above purpose, the company has resolved to issue 96,41, 57, 160 equity shares of face value of 1 each.

According to the filing, the bonus will be issued in a ratio of 1:1, i.e., one bonus equity share of the face value of ₹1 each for every one fully paid-up equity share of the face value of ₹1 each.

"Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of ₹1/- each for every one (1) fully paid-up equity share of face value of ₹1/- each, held by the members of the company as on the record date, by capitalising a sum not exceeding ₹96,41,57,160/- (Rupees ninety six crore forty one lakh fifty seven thousand one hundred and sixty only) out of the retained earnings of the company, subject to the approval of the members of the company," the filing read.

What is a bonus issue? 

Bonus issue is one method through which company uses to reward its current shareholders as it issues more shares without any cost. The bonus shares will only go to the existing shareholders with the stock of the company prior to the record date. When one purchases the stock on and after the record date, they will not get the bonus issue.

Other than the issue of bonus, the board also passed a Memorandum of Association to expand the authorised share capital 100 crore rupee to 200 crore rupees.

₹35 to ₹5,315: Multibagger stock silently turns ₹1 lakh into ₹1.51 crore in five years

₹35 to ₹5,315: Multibagger stock silently turns ₹1 lakh into ₹1.51 crore in five years

Multibagger stock: The Indian stock market has been unstable lately due to rising geopolitical tensions, such as Trump tariffs and the Israel-Iran war. Investors often search for stocks that can provide good returns. Therefore, we present the share price journey of the multibagger stock, Shilchar Technologies.

Shilchar Technologies, which was priced at ₹35 in June 2020, is now trading at ₹5,315 on BSE. To give you an idea, an investment of ₹1 lakh made five years ago in the stock and held over time would have grown to nearly ₹1.51 crore.

Shilchar Technologies share price overview

The multibagger stock Shilchar Technologies opened at ₹5,331.60 per share in Tuesday's session. This is higher than the previous close of ₹5,218.60.

Shilchar Technologies' share price has provided huge returns to its long-term investors by increasing over 14,942.98 percent in five years.

However, the stock has been unstable in the short term. It has risen over 52 percent in the last year but has dropped over 4 percent in six months.

In terms of year-to-date (YTD) performance, the scrip has slided over 3 per cent since the beginning of 2025, falling from ₹5,377 to the current market level.

Shilchar Technologies financial overview

The company reported a significant rise in its standalone net profit, which jumped 121.26 per cent year-on-year to ₹55.36 crore in Q4 FY25, driven by a 119.1 per cent increase in revenue from operations to ₹231.86 crore compared to Q4 FY24.

Profit before tax (PBT) for the quarter stood at ₹74.68 crore, marking a 118.94% growth from ₹34.11 crore in the same period last year.

Total expenses for Q4 FY25 surged 116.3 per cent year-on-year to ₹161.77 crore. Material costs rose sharply by 106.71 per cent to ₹150.30 crore, while employee benefit expenses increased by 70.65 per cent to ₹6.86 crore, and other expenses grew 109.48 per cent to ₹10.16 crore.

IPO GMPs: Globe Civil Projects IPO VS Ellenbarrie IPO VS Kalpataru IPO: what is the signal in the grey market?

IPO GMPs: Globe Civil Projects IPO against Ellenbarrie IPO against Kalpataru IPO: what is the signal in the grey market?

Five new issues trade today in the IPO market, one of which is Ellenbarrie industrial gases. Although the rate of subscription is low, it is reported that the sentiment of analysts and interest of investors are positive, although each company has its unique issues especially in valuation and operating issues.

The initial public offering (IPO) market is already making it a spirited week as five new public offerings viz. the Globe Civil Projects IPO, the Ellen barrie industrial gases IPO and the Kalpataru IPO are lined up to make it to the primary market today (Tuesday, June 24) though the pace of subscriptions is slow. This inflow coincides with the steady growth in investor euphoria as evidence of the continued appetite of new equity solutions.

Analysts are of the opinion that there is an overall market sentiment that is positive, owing to the improvement in the macro -economic indicators, favourable liquidity levels and an increase in activity with both institutional and retail investors. Recent IPOs has done well to ensure confidence and create greater interest available in the primary capital market.

The founder of Kejriwal Research and Investment Services Arun Kejriwal suggests, that these three companies (Ellenbarrie Industrial Gases, Globe Civil Projects, and Kalpataru) are not operating within the same sphere and, therefore, cannot be compared.

Talking about each one of them, one by one, Kejriwal told that Globe Civil Projects is too small in the size of its company and turnover, and it is not viable that investors can target it in terms of huge rewards.

Kalpataru, in its turn, has its problems associated with the debt and inventory, which makes it a less good and safe real estate investment now since it takes a long-term outlook and it is not clear at present whether it is going to pay off medium-term investments.

On the case of Ellenbarrie Industrial Gases, the company might look expensive on valuation of 70 times but its relative competition which is on 130 times is expensive as compared to other companies.

An advantageous factor about Ellenbarrie is that it is a small company undertaking massive growth in respect.

Out of the three, the safest bet is Ellenbarrie Industrial Gases.

Let's take a look at the grey market premium trends:

Ellenbarrie Industrial Gases IPO GMP at present is +7. This is an indication that Ellenbarrie Industrial Gases share price was selling at a premium of 7 rupee in grey market as indicated by investorgain.com.

Taking into account the top side of the IPO price band and the present premium in the grey market, listing price of share price of Ellenbarrie Industrial Gases has been estimated to be at the level of 407, per share, which is approximately 1.75 percent more than the IPO price i.e. 400.

The Dyenamic Inline programme is currently available at a strong level based on the past 12 sessions of the grey market trends in activity. Experts at investorgain.com have indicated that the minimum GMP is 0.00 whereas the maximum GMP is 12.

Globe Civil Projects IPO GMP today is +15. It means that Globe Civil Projects share price had been trading at a premium of 15 in the grey market as investorgain.com reveals.

Looking at the top of the IPO price band and the prevailing premium in grey market, the approximate listing price of Globe Civil Projects share price is recommended at 86 per share and this is 21.13 per cent above the IPO price of 71.

Kalpataru IPO GMP today is +9. This indicates Kalpataru share price was trading at a premium of ₹9 in the grey market, according to investorgain.com.

In view of the maximum price of the IPO band and the existing premium at the grey market, the projected offering price of Kalpataru share price is presented at 423 each, a premium of 2.17 per cent to IPO price of 414.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

 Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.

ITR AY 2025-26: Early tax filers affected as ITR-2, ITR-3 utilities remain unavailable for current tax filing season

 

ITR AY 2025-26: Early tax filers affected as ITR-2, ITR-3 utilities remain unavailable for current tax filing season

Notification of the Income Tax Department releasing the utilities of ITR-2 and ITR-3 forms has caused a lot of trouble to taxpayers this filing time. This deferment implies that salaried professionals, High Net Worth Individuals (HNIs) and freelances who otherwise accommodate themselves through these types will have to wait to submit their returns.

Since the deadline to submit is on September 15, 2025, this delay makes scheduling of submission harder to those who prefer to submit earlier and beat the last-minute problems. The delay has brought about issues about compliance and possibility of increase stress levels towards the deadline. It is also expected that the taxpayers should be patient and carry out their vigil to ensure that this period is used well.

The person or Hindu Undivided Family (HUF), who do not receive income in business or profession, but in salary, capital gain, having multiple house property or receiving income abroad, is categorized under ITR-2. It also fits in case of clubbing of the earnings of a spouse or minor child provided they come under these categories.

ITR-3 on the other hand is appropriate to the individuals and HUFs involved in business or profession like legal, medical or accountancy professions and obtains actual business profits as an income. These forms have been part of making taxpayers report their income correctly and pay taxes as required. It is important to know the difference between both forms to file and be compliant.

The lag in publishing such forms presents a problem to those concerned, because filling in the wrong form may result in processing delay, as well as disrupters tax authority notices. This scenario brings in the significance of taking the right form so that the filing process becomes smooth. As people rush to meet their tax submission deadline, it is crucial that they remain up to date and keep checking up on any developments lest they are caught unawares. Taxpayers are more under siege than ever, because they are faced with complexities of the tax system, without the common set of tools with which to operate it.

The Excel utility can be used to file ITR-1 and ITR-4 through the I-T Department, which was revealed on the official handle of the department on X (Twitter) (formerly Twitter) on May 30 on Assessment Year (AY) 2025-26.

“Attention taxpayers! The post read, the ITR-1 and ITR-4 excel utility of AY 2025-26 is enabled and has been made available to taxpayers.

As of now, ITR 1 to 5 are notified by I-T Department to file returns of the Financial Year (FY) 2024-25 (AY 2025-26). ITR-1(Sahaj)(ITR-4(Sugam)) were notified on 29 th April and ITR-3 on 30 th April. ITR-5 and ITR-2 have been then introduced on May 1 and May 3 respectively.

The I-T department announced extension in filing ITR to May 27. AY 2025-26, an extension is made to the original due date of July 31, 2025, and the new due date is changed to September 15, 2025.

The Central Board of Direct Taxes (CBDT) in a statement gave out an explanation on the extension and said this was prompted by the major restructuring that the ITR forms have undergone and the time it would take to adjust such systems and corresponding filing utilities.

HDB Financial IPO GMP, Grey Market Premium Latest

 

HDB Financial IPO GMP, Grey Market Premium Latest

Today, the prices of HDB Financial IPO GMP aka IPO Grey Market Premium, Kostak rates and Subject to Sauda rates are checked. In grey market, HDB Financial IPO GMP is initiated. Keep a track of the up-to-date IPO GMP of HDB Financial IPO.

The high of HDB financial IPO GMP was at at 93 Rps to low at Rps 46 which was high on 23 rd June.

The opening of IPO HDB Financial will be scheduled on June 25, 2025. It is a Mainboard IPO which will bring in 12500 crores. HDB Financial IPO price band is pegged at 700 to 740 and the market lot is 20 Shares.

HDB Financial Services has started its operations in the year 2007 and it is one of the emerging diversified retail-oriented non-banking financial services (NBFC) Upper-Layer companies in India. The firm has a variety of lending products across 3 key regions that is Enterprise Lending, Asset Finance,and Consumer Finance.

It consists of services that are provided by the company to the salaried, self-employed and business owners and entrepreneurs. They aim at offering financial services to the underserved and underbank customers who belong to low to middle-income families with poor or no credit history. HDB Financial is touted as one of the biggest expanding client networks in India having 17.5 million patrons.

Date	IPO GMP	GMP Trend	Kostak	Subject to
23 June	₹46		₹-	₹650
21 June	₹90		₹-	₹1400
20 June	₹75		₹-	₹-
19 June	₹93		₹-	₹1000
18 June	₹93		₹-	₹1000
17 June	₹90		₹-	₹1000
16 June	₹-	–	₹-	₹-
14 June	₹-	–	₹-	₹-

HDB Financial IPO Details

IPO Open Date:	June 25, 2025
IPO Close Date:	June 27, 2025
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹700 to ₹740 Per Share
Issue Size:	Approx 12,500 Crores
Fresh Issue:	Approx ₹2,500 Crores
Offer for Sale:	Approx 13,51,35,135 Equity Shares
Issue Type:	Book Built Issue
IPO Listing:	BSE & NSE
Retail Quota:	Not more than 35%
QIB Quota:	Not more than 50%
NII Quota:	Not more than 15%
DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here
Anchor Investors List:	Click Here

HDB Financial IPO Dates

IPO Open Date:	June 25, 2025
IPO Close Date:	June 27, 2025
Basis of Allotment:	June 30, 2025
Refunds:	July 1, 2025
Credit to Demat Account:	July 1, 2025
IPO Listing Date:	July 2, 2025

 Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.

The share price of Reliance Infra shoots up by 5 percent after it announces a bond with the company that produces Rafale jet Dassault Aviation

 

The share price of Reliance Infra shoots up by 5 percent after it announces a bond with the company that produces Rafale jet Dassault Aviation

The share price of the Reliance Infra moved up by a high margin of 5 per cent on Thursday to 404 per share on National Stock Exchange after the enterprise declared a strategic tie with French aerospace major Dassault Aviation.

Company shares headed by Anil Ambani were opened at 309.50 Indian Rupee as against the previous close of 386.50 Indian Rupees. Reliance infra shares has rewarded its investors with an excellent increase by rising above 44 per cent in a month and almost 37 per cent in six months even in a developing market.

Reliance Infra- Dassault Aviation deal

Reliance Infra's subsidiary company Reliance Aerostructure, will partner with Dassault to produce Falcon 2000 business jets domestically in India.

This is the first time when Dassault will be building its Falcon plane outside France. This milestone will make India one of the few countries to manufacture business aircrafts in the world following only US, France, Canada and Brazil.

India has project to produce the first Falcon 2000 aircraft by 2028 that would fulfill both corporate and military needs.

The agreement, unveiled at the Paris Air Show, involves setting up final assembly line at Dassault Reliance Aerospace Limited (DRAL) located in Nagpur, Maharashtra. The facility will serve as a centre of excellence world wide with the Falcon series and also this facility will also be supporting future assembly projects of the Falcon 6X and 8X.

As per the agreement, Dassault Reliance Aerospace Limited (DRAL) will install an ultra modern final assembly facility of the Falcon 2000 aircraft in Nagpur in the state of Maharashtra that is a joint venture between Dassault and Reliance Aerospace. The facility will equally act as a Centre of Excellence (CoE) to Dassault Falcons, to facilitate future assembly programmes of the Falcons such as Falcon 6X and Falcon 8X.

 Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.

Siemens Energy debuts at Rs 2,840; Market capitalization jumps to more than Rs 1 lakh crore

 

Siemens Energy debuts at Rs 2,840; Market capitalization jumps to more than Rs 1 lakh crore

Siemens Share Price: The shares of Siemens Energy India Ltd (SEIL) opened a special session of the scrip at Rs 2,840 on Thursday

Siemens Energy Share Price: Siemens Energy India Ltd (SEIL) shares opened special at Rs 2,840 on Thursday, June 19, 2025, and the listed company got a market cap of Rs 1.01 lakh crore. Demerger of the company with Siemens Ltd was made on April 7, 2025, and prior to it, the company was valued at Rs 2,368.8 per share.

Siemens Ltd had confirmed in a regulatory filing on June 18 that SEIL had the clearances of both the BSE as well as the NSE to be listed and trade its equity shares since June 19. The stock will be traded under the scrip ID ENRIN under the group labeled T which prevents intraday trading and also where the price moves within a 5 percent circuit on the first 10 sessions.

SEIL has become the biggest listed pure-play power transmission and distribution (T&D) company in India surpassing other competitors like Hitachi Energy and GE Vernova. In a demerger process, Siemens Ltd shareholders were issued SEIL shares with 1 to 1 ratio.

SEIL targets the transmission and distribution sub sector and small turbines and has been in a good position to leverage on the development of the energy sector in India. Margins recorded an improvement even in the initial 5 months in FY25, according to Motilal Oswal Financial Services. The brokerage anticipates a 25% revenue CAGR and 31% PAT CAGR between FY25 and FY27, whereas the EBITDA margins would increase to 21.4% in FY27. It has called an FY27 multiple of 60x, buying it 1,000 at 3,000 and resumed the coverage with a Buy rating.

HDFC Securities followed suit, pointing to the fact that SEIL has a good spot in decarbonization, power generation, automation of the grid, and clean energy solutions, including green hydrogen and battery storage. It added that Siemens energy has been consistent in providing good margins with a 22.6 EBITDA in H1FY25. HDFC has also recommended a buy call with target of Rs 3,000, on 60x Sep-27 estimated earnings.

Earlier, Jefferies had estimated a listing price of between Rs 2,995 to Rs 3,711, stating that SEIL had the potential of trading in the range of a 60x P/E on March 2027E EPS, slightly higher than the non-energy companies at Siemens Ltd. At its base case, its target price is Rs 3,350.

Nonetheless, brokerages warned of possible threats such as a decline in order inflows, supply chain issues, a rise in fixed expenses, and potential weakness in the capex cycle that would wipe out profits.

After getting the approval of SEBI, Jio blackRock mutual fund introduces the Aladdin platform.

 

After getting the approval of SEBI, Jio blackRock mutual fund introduces the Aladdin platform.

Jio BlackRock Mutual Fund, a 50:50 joint venture (JV) between Jio Financial Services and BlackRock, has launched Aladdin, BlackRock advanced investment analytics and risk management platform in India after SEBI has approved the launch of the same in India.

BlackRock last month was authorized by SEBI to manage assets as Jio BlackRock Mutual Fund and on Monday it launched Aladdin, special software made by BlackRock that makes investment analysis and risk management.

Jio BlackRock Asset Management Pvt Ltd Jio BlackRock Asset Management is a joint venture between Jio Financial Services Ltd (JFSL) and the US firm BlackRock.

On its X platform, the company stated that investing ought to be easy and accommodate personal requirements. It is this concept that united Jio Financial Services and BlackRock. They combined Jio digital-first philosophy and BlackRocks experience in the international market, to create products that Indian investors desire.

Aladdin is the 1st one and unique investment and risk tool of blackrock which is now available in India.

The company explained that this is only the beginning of their mission to transform investing making it simple and super cheap. They referred themselves as Jio BlackRock Mutual Fund.

SEBI provided registration in May 26, 2025 to Jio BlackRock Mutual Fund and authorized Jio BlackRock Asset Management Pvt Ltd to operate the fund.

Prior to that, on October 29, 2024, the company had incorporated two new companies- Jio BlackRock Asset Management Pvt Ltd and Jio BlackRock Trustee Pvt Ltd to operate the mutual fund business pending regulatory approval.

Sterlite Technologies stocks gain 50 percent in five trading days since introduction of AI powered data centre service proposals

 

Sterlite Technologies stocks gain 50 percent in five trading days since introduction of AI powered data centre service proposals

Sterlite Technologies Ltd shares continued its defiance of the gravity to rise the second straight session at higher levels despite the muted trading mood in the market on Tuesday, June 17.

At 11.45 am, the stock of the company was trading at an upper of 114.1 per share, up by 14.8 percent in the NSE, against its intraday high of 119.2. The stocks of the firm have increased 50 per cent in the previous five sessions.

Sterlite Technologies is also betting big on growing artificial intelligence (AI)-based data centre market, including its plan to go overseas. On June 16, the optical and digital solutions company reported it introduced a new generation of the end-to-end of data centre solutions portfolio - advanced cabling to full-stack connectivity solutions.

According to a press release by the firm, the new-age solution is designed to address the needs of the hyperscalers, colocation players, enterprises, and telecom service providers to build an agile, scalable, and sustainable Data Centre infrastructure as per its specifications.

The release added, "By introducing this, STL can fill this gap to the core by bringing its 30+ years leadership in the Optical network connectivity."

Currently, this segment contributes 20 percent to the revenue but on the enterprise side. This is something that STL is looking to change more and more to the data centre segment, said Agarwal.

 Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.

Oswal Pumps IPO gets off to sluggish begin; subscription stands at 6%, GMP declines to 11%

Oswal Pumps IPO gets off to sluggish begin; subscription stands at 6%, GMP declines to 11%

Oswal Pumps IPO subscription status Day 1: The initial shares offering (IPO) of Oswal Pumps opened subscription today, June 13, 2025. The mainline IPO has got off to a slow begin with the issue getting subscribed just 6 per cent till 11 AM on Day 1, as per data available on National Stock Exchange (NSE).

The tranche allocated to retail investors and non-institutional investors (NIIs) was subscribed about 9 per cent each. The qualified institutional buyers (QIBs) had, however, no bids so far.

On Thursday, ahead of the IPO, Oswal Pumps mopped up 416.20 crore through anchor investors. To the exchanges, the company sent a notice that it had distributed 6.77 million equity shares at 614 per share to anchor investors. Part of the marquee institutions that invested in the anchor round are Societe Generale, BNP Paribas, ICICI Prudential, Aditya Birla Sun Life, Kotak Mahindra Mutual Fund, Quant Mutual Fund, Motilal Oswal MF, Bandhan Small Cap Fund, Nuvama MF, Sundaram MF, Amundi Funds, 360 One and Edelweiss Life Insurance among others.

Oswal Pumps IPO grey market premium (GMP)

As per the sources which monitor unofficial market operations, unlisted stocks of Oswal Pumps were being traded at 685 a share with a grey market premium (GMP) of 71 or 11.5 per cent above the upper band price of 614. Though, in the grey market, it was selling at a premium of 83 or 13.5 per cent on Thursday.

Oswal Pumps IPO review

Analysts have advised people to subscribe to the issue at long term level. The analysts at SBI Securities said the company has an order book of 1,100, or 80 per cent of its annualised revenue in the first nine months of fiscal 202425 (FY25). Moreover, a additional bid pipeline of 3,200 crore keeps decent visibility of growth. Nevertheless, its dependence on government projects and policies along with the cash flow delays may become its possible overhand.

Disclaimer: For educational reasons, this content was created. Finocrunch is not responsible for the views and recommendations mentioned here. It is important for investors to seek support from experienced professionals before taking decisions.