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
