Oswal Pumps Ltd. makes a strong debut on the bourses with scrip got listed at Rs 632.00 on the Bombay Stock Exchange, a 2.93 per cent premium to its issue price of Rs 614.00. On the National Stock Exchange, the stock was listed at Rs 0.00.

The company, which raised 2.26 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 225.95 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Jun 13 to Jun 17.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

Axis Capital Ltd.,CLSA India Private Limited,JM Financial Ltd.,IIFL Capital Services Limited,Nuvama Wealth Management Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 81,361.87, down 82.79 points, or 0.10 per cent.