Latest news with #VivekGupta
Time of India
3 hours ago
- Time of India
Human trafficking & sex racket busted near UP Police HQ in Lucknow; here's how a tip-off blew the lid
LUCKNOW: Just half a kilometre away from the Signature Building — the Uttar Pradesh Police Headquarters in Lucknow — whispers of scandal swirled around a flat in Omaxe R1, where Thrijin Raj alias Arjun Rana (33), posing as a journalist with GTS News, lived with his Uzbek live-in partner, Lola Kayumova (48). Their seemingly ordinary life by day turned sinister under the cover of night. Originally from Alappuzha, Kerala, Thrijin had rented apartment Orchid B104, where two other Uzbek women, Holida and Nilofar, also resided. 'All the occupants of the apartment are allegedly involved in a sex racket, whose kingpin is a plastic surgeon practicing in Lucknow for over 11 years. He has been identified as Dr Vivek Gupta,' said an official source. Dr Vivek Gupta The case came to light following a tip-off to the Foreigners Regional Registration Office (FRRO) in Lucknow. The FRRO team first developed ground intelligence on the accused and later roped in the Sushant Golf City police of the Lucknow Commissionerate to investigate further. An FIR has been registered against Dr Vivek Gupta, who operates three clinics — in Ahmamau, Bangla Bazar, and Viram Khand-5, Gomti Nagar. According to his clinic's website, Dr Gupta is trained at King George's Medical University and KEM Hospital, Mumbai. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo He specialises in aesthetic surgeries, hair transplants, and reconstructive procedures, offering what the site describes as 'precision and compassion.' Another person named in the FIR is Thrijin Raj alias Arjun Rana. Police have booked him under multiple sections — Section 318(4) (cheating) and Section 61 (criminal conspiracy) of the Bharatiya Nyaya Sanhita; Section 5 of the Registration of Foreigners Act, 1939; Sections 14A and 7(1) of the Foreigners Act, 1946; and Sections 8, 10, and 23 of the Immigration and Foreigner Act, 2025. Uzbek nationals Holida and Nilofar have been detained for questioning. Meanwhile, Thrijin Raj, Lola Kayumova, and Dr Vivek Gupta are currently absconding. Sources said Lola Kayumova, who has been living in India illegally for the past seven years, is on the radar of the Uzbekistan government, which had earlier issued a lookout notice for her via Interpol. 'On the pretext of offering jobs in India, Lola brought poor Uzbek women through her network. Once they arrived, their passports and visas were confiscated. Thrijin Raj arranged fake Indian IDs for the trafficked women — including voter ID cards, Aadhaar, and others. Dr Vivek Gupta played a key role by using his plastic surgery skills to alter facial features, making the Uzbek women resemble Indian nationals. All these women were then forced into prostitution,' added the source. In the FIR, Holida and Nilofar claimed their passports and visas were stolen two years ago. They have further informed police that over the years, several other foreign nationals also entered India with Lola Kayumova's help, and many of them had visited Dr Vivek Gupta's clinic for plastic surgery. 'Their apartment became a hub of nocturnal activity, with frequent visits from foreign women. Cloaked in secrecy, these women were ferried around the city in local cabs, disappearing into the night. Thrijin was running much more than a news desk,' said a local resident of Omaxe R1. Police have recovered Thrijin's Aadhaar card, bank documents, journalist ID card, his father Rajan's Aadhaar, and both the passport and Aadhaar card of Lola Kayumova. Interestingly, Thrijin's Aadhaar lists the address as Baldev Vihar, Telibagh — about 13 km from Omaxe R1. 'The role of the Resident Welfare Association (RWA) of Omaxe R1 must also be investigated — how was such a flat rented to this group despite glaring irregularities?' the resident added. Further legal sections are expected to be invoked as the investigation progresses, according to official sources.
Business Standard
a day ago
- Business
- Business Standard
Oswal Pumps gains on debut
Shares of Oswal Pumps were currently trading at Rs 641.20 at 10:14 IST on the BSE, representing a premium of 4.43% compared with the issue price of Rs 614. The scrip was listed at 632, matching the initial public offer (IPO) price. The stock was currently up 2.93% over its listing price. So far, the stock has hit a high of 646.25 and a low of 625.20. On the BSE, over 6.96 lakh shares of the company were traded in the counter so far. The initial public offer of Oswal Pumps was subscribed 34.42 times. The issue opened for bidding on 13 June 2025 and it closed on 17 June 2025. The price band of the IPO is fixed between Rs 584 and 614 per share. The issue comprised both a fresh issue of equity shares upto Rs 890 crore and an offer for sale up to 81,00,000 equity shares by Vivek Gupta, one of the promoters of the company. The company proposes to utilize the net proceeds from the issue towards capital expenditure of Rs 89.86 crore; Rs 272.76 crore for investment in its wholly-owned subsidiary, Oswal Solar, in the form of equity, for funding the setting up of new manufacturing units at Karnal, Haryana; Rs 280 crore for prepayment/repayment, in part or full, of certain outstanding borrowings availed by the company; Rs 31 crore for investment in its wholly-owned subsidiary, Oswal Solar, in the form of equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar; and general corporate purposes. Oswal Pumps, established by Padam Sain Gupta (father of Vivek Gupta, one of its promoters and chairman and managing director), commenced its operations in 2003 with the manufacturing of low-speed monoblock pumps. The company manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, and solar modules, which it sells under the Oswal brand. It is one of the few fully integrated turnkey solar pumping system providers in India with the capability to manufacture solar-powered agricultural pumps, solar modules and pump controllers and provide installation services for such systems. Sales of majority of its products are geographically concentrated, with the four states of Haryana, Maharashtra, UttarPradesh and Rajasthan accounting for 90.47% and 90.78% of its 9mFY25 and FY24 revenue Ahead of the IPO, Oswal Pumps on Thursday, 12 June 2025, raised Rs 416.20 crore from anchor investors. The board allotted 67,78,533 shares at Rs 614 each to 25 anchor investors. The firm reported a consolidated net profit of Rs 215.80 crore and a total income of Rs 1,065.67 crore for the nine months ended on 31 December 2024.
News18
2 days ago
- Business
- News18
Oswal Pumps IPO Listing Tomorrow: Here's What Latest GMP Signals
Last Updated: Oswal Pumps IPO GMP: Unlisted shares of Oswal Pumps Ltd are trading at Rs 667 apiece in the grey market, which is 8.6% premium over the upper IPO price, signalling mild gains. Oswal Pumps IPO Listing Date: The allotment of the Oswal Pumps IPO has been finalised. Investors can check their allotment status on the websites of the BSE, the NSE and registrar Link Intime. Now, all eyes are on its listing, which will take place tomorrow, Friday, June 20. According to market observers, the latest GMP stands at 8.63%, which indicates mild listing gains for investors. The shares of Oswal Pumps Ltd will be listed on both BSE and NSE on June 20, 2025. Oswal Pumps IPO GMP Today According to market observers, unlisted shares of Oswal Pumps Ltd are currently trading at Rs 667 apiece in the grey market, which is an 8.63 per cent premium or GMP over the upper IPO price of Rs 614. It indicates listing gains for investors on June 20, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Oswal Pumps IPO: A Step-By-Step Guide To Check Allotment Status The Oswal Pumps IPO allotment has been finalised. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Oswal Pumps Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. You can also visit directly on the registrar Link Intime's portal — and check the Oswal Pumps IPO allotment status. The allotment status can also be checked on the NSE's website at The initial public offering was open for subscription between June 13 and June 17. The Rs 1,387.34-crore mainboard IPO received a strong 34.42 times subscription, garnering bids for 55,80,42,696 shares as against 1,62,12,980 shares on offer. The retail and NII participation stood at 3.60 times and 36.70 times, respectively. Its qualified institutional buyer (QIB) category got a 88.08 times subscription. The IPO received subdued response on Day 1 and Day 2 with 0.42 times and 1.65 times subscriptions, respectively. However, it received a massive response on the final day of bidding amid higher participation from NIIs (who invest more than Rs 2 lakh) and QIBs (which include mutual funds). The IPO is a combination of a fresh issue of shares valued at Rs 890 crore and an offer-for-sale (OFS) of 81 lakh stocks worth Rs 497.34 crore at the upper end of the price band, by promoter Vivek Gupta. This aggregates the issue size at Rs 1,387.34 crore. The price band was fixed in the range of Rs 584-614 apiece. Oswal Pumps Limited, founded in July 2023, manufactures a wide range of pumps and related products for domestic, agricultural, and industrial use. The company recorded one of the highest EBITDA margins among peers in FY24 (30.1% in 9MFY25), up from 10.7% in FY22, showcasing clear operating leverage gains. However, competition from established peers and its dependency on tenders for its revenue, remain key risk factors to consider. Oswal Pump's competitors include Kisloskar Brothers, Shakti Pumps, WPIL, and Roto Pumps. Oswal Pumps plans to utilise the IPO proceeds for capital expenditure (Rs 89.86 crore), investment in subsidiary Oswal Solar for new units in Karnal (Rs 272.76 crore), repayment of company borrowings (Rs 280 crore), repayment of Oswal Solar's loans (Rs 31 crore), and towards general corporate purposes. IIFL Securities, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management are the book-running lead managers to the issue. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 19, 2025, 10:24 IST News business » ipo Oswal Pumps IPO Listing Tomorrow: Here's What Latest GMP Signals
Business Standard
3 days ago
- Business
- Business Standard
Oswal Pumps IPO ends with 34.42x subscription
The offer received bids for 55.80 crore shares as against 1.62 crore shares on offer. The initial public offer of Oswal Pumps received bids for 55,80,42,696 shares as against 1,62,12,980 shares on offer. The issue was subscribed 34.42 times. The Qualified Institutional Buyers (QIBs) category was subscribed 88.08 times. The Non-Institutional Investors (NIIs) category was subscribed 36.70 times. The Retail Individual Investors (RIIs) category was subscribed 3.60 times. The issue opened for bidding on 13 June 2025 and it closed on 17 June 2025. The price band of the IPO is fixed between Rs 584 and 614 per share. The issue comprised both a fresh issue of equity shares upto Rs 890 crore and an offer for sale up to 81,00,000 equity shares by Vivek Gupta, one of the promoters of the company. The company proposes to utilize the net proceeds from the issue towards capital expenditure of Rs 89.86 crore; Rs 272.76 crore for investment in its wholly-owned subsidiary, Oswal Solar, in the form of equity, for funding the setting up of new manufacturing units at Karnal, Haryana; Rs 280 crore for pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the company; Rs 31 crore for investment in its wholly-owned Subsidiary, Oswal Solar, in the form of equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar; and general corporate purposes. Oswal Pumps, established by Padam Sain Gupta (father of Vivek Gupta, one of its promoters and chairman and managing director), commenced its operations in 2003 with the manufacturing of low-speed monoblock pumps. The company manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, and solar modules, which it sells under the Oswal brand. It is one of the few fully integrated turnkey solar pumping system providers in India with the capability to manufacture solar-powered agricultural pumps, solar modules and pump controllers and provide installation services for such systems. Sales of majority of its products are geographically concentrated, with the four states of Haryana, Maharashtra, UttarPradesh and Rajasthan accounting for 90.47% and 90.78% of its 9mFY25 and FY24 revenue Ahead of the IPO, Oswal Pumps on Thursday, 12 June 2025, raised Rs 416.20 crore from anchor investors. The board allotted 67,78,533 shares at Rs 614 each to 25 anchor investors. The firm reported a consolidated net profit of Rs 215.80 crore and a total income of Rs 1,065.67 crore for the nine months ended on 31 December 2024.
News18
3 days ago
- Business
- News18
When Will Oswal Pumps IPO Allotment Be Out? A Step-By-Step Guide To Check Status Online, Latest GMP
Oswal Pumps IPO GMP: Unlisted shares of Oswal Pumps are trading at Rs 674 apiece in the grey market, which is 9.7% premium over IPO price of Rs 614, signalling mild listing gains. Oswal Pumps IPO Allotment Status: Even as the Oswal Pumps IPO has concluded with a strong 34.42 times subscription, all eyes are on its allotment, which is expected to be finalised today, June 18, in the evening. Once the basis of allotment is finalised, investors will start receiving bank debit messages. They can also check the allotment status on websites of the BSE, the NSE and registrar Link Intime. The Oswal Pumps IPO allotment will take place on today, June 18. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Oswal Pumps Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. You can also visit directly on the registrar Link Intime's portal — and check the Oswal Pumps IPO allotment status. According to market observers, unlisted shares of Oswal Pumps Ltd are currently trading at Rs 674 apiece in the grey market, which is a 9.77 per cent premium or GMP over the upper IPO price of Rs 614. It indicates listing gains for investors on June 20, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Oswal Pumps IPO Listing Date The shares of Oswal Pumps Ltd will be listed on both BSE and NSE on June 20, 2025. Oswal Pumps IPO: Final Subscription Status, Other Details The IPO is a combination of a fresh issue of shares valued at Rs 890 crore and an offer-for-sale (OFS) of 81 lakh stocks worth Rs 497.34 crore at the upper end of the price band, by promoter Vivek Gupta. This aggregates the issue size at Rs 1,387.34 crore. The initial public offering was open for subscription between June 13 and June 17. The Rs 1,387.34-crore mainboard IPO received a strong 34.42 times subscription, garnering bids for 55,80,42,696 shares as against 1,62,12,980 shares on offer. The retail and NII participation stood at 3.60 times and 36.70 times, respectively. Its qualified institutional buyer (QIB) category got a 88.08 times subscription. The IPO received subdued response on Day 1 and Day 2 with 0.42 times and 1.65 times subscriptions, respectively. However, it received a massive response on the final day of bidding amid higher participation from NIIs (who invest more than Rs 2 lakh) and QIBs (which include mutual funds). The price band was fixed in the range of Rs 584-614 apiece. Most analysts gave 'subscribe for long-term' rating to the IPO. They said Oswal Pumps is one of India's fastest-growing names in solar-powered solutions, and reported a CAGR of 45.1% between FY22 and FY24. The company is expected to grow at a rate of 11% in the next five years. However, the analysts also mentioned some risks, including the company's dependent on its top-10 customers (who account for nearly 80% of revenue from operations), government funding changes or policy changes (as the significant portion of Oswal Pumps' revenue is derived from turnkey solar pumping systems under PM-KUSUM), and the concentration of all of its manufacturing facilities at one place (Karnal, Haryana). The company recorded one of the highest EBITDA margins among peers in FY24 (30.1% in 9MFY25), up from 10.7% in FY22, showcasing clear operating leverage gains. However, competition from established peers and its dependency on tenders for its revenue, remain key risk factors to consider. Oswal Pump's competitors include Kisloskar Brothers, Shakti Pumps, WPIL, and Roto Pumps. Oswal Pumps plans to utilise the IPO proceeds for capital expenditure (Rs 89.86 crore), investment in subsidiary Oswal Solar for new units in Karnal (Rs 272.76 crore), repayment of company borrowings (Rs 280 crore), repayment of Oswal Solar's loans (Rs 31 crore), and towards general corporate purposes. top videos View all IIFL Securities, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management are the book-running lead managers to the issue. Oswal Pumps Limited, founded in July 2023, manufactures a wide range of pumps and related products for domestic, agricultural, and industrial use. tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 18, 2025, 10:55 IST News business » ipo When Will Oswal Pumps IPO Allotment Be Out? A Step-By-Step Guide To Check Status Online, Latest GMP
