The streak of weak listings in the primary market continued as Oswal Pumps IPO made a subdued debut on the stock exchanges. The shares listed at ₹620, reflecting a marginal premium of just ₹20 or 3.26% over the issue price of ₹600.
This comes despite the IPO witnessing a relatively strong grey market activity during the pre-listing phase.
Oswal Pumps IPO: GMP Trends Pre-Listing
- GMP at IPO Open: ₹30
- GMP High During Subscription: ₹105
- Last Reported GMP Before Listing: ₹40
- Listing Price: ₹620 (Premium of ₹20 or 3.26%)
The IPO had shown significant momentum in the grey market earlier, touching a high of ₹105. However, sentiment weakened closer to the listing date, which resulted in a modest listing gain.
Aris Infra IPO GMP Drops as Oswal Pumps Listing Disappoints
The weaker-than-expected performance of Oswal Pumps IPO has had a ripple effect on other ongoing public issues. Aris Infra IPO, which is closing today, saw its GMP drop sharply to ₹5, indicating a mere 2% premium over the issue price.
Investors are now closely watching the subscription data and final grey market movements for Aris Infra as it approaches closure.
Note: Aris Infra IPO closes today. Investors tracking SME IPO trends are monitoring final demand before applying.
Tags: Oswal Pumps IPO, Aris Infra IPO, IPO listing, GMP today, Aris Infra GMP, Oswal IPO performance, SME IPO news, IPO update, IPO premium
Visit our website daily for latest tech news. Follow Us on Instagram for awesome tech stuff. Also, Join our Telegram Group and connect directly with Admin.
