Oswal Pumps’ Rs 1,387 crore IPO saw 36% subscription on its second day, driven by strong interest from retail and non-institutional investors. The IPO includes a fresh issue and an offer for sale, with the company raising Rs 416 crore from anchor investors.
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Indian markets closed negatively for the second straight day, with the BSE Sensex dropping over 700 points and the Nifty50 falling below 24900. Healthcare saw