Bansal Wire Industries IPO price band, GMP, allotment and key dates

New Delhi: Bansal Wire Industries IPO price band has been fixed at Rs 243-256 per share, the company said in an announcement regarding its Rs 745 crore public issue which opens for subscription on July 3, 2024. Anchor investors are expected to invest in the IPO starting July 2, 2024. Bansal Wire Industries IPO consists entirely of an offer-for-sale by company promoters. Before investing, bidders would also be looking at the grey market for some sort of hints. However, Bansal Wire Industries IPO GMP is not available.

Bansal Wire Industries IPO GMP

Bansal Wire Industries IPO GMP was not available as of June 28, 2024, according to investorgain.com, indicating a listing price equalling the upper edge of the IPO price band at Rs 256 apiece. These are early days for the IPO and things may change going forward. So, keep tuned to this space for updates.The minimum lot size for retail investors is Rs 14,848 apiece equalling 58 shares.

Bansal Wire Industries IPO allotment

Also, know that the Bansal Wire Industries IPO allotment date is likely to be July 8.

Bansal Wire Industries IPO listing date

Bansal Wire Industries IPO listing date may happen on July 10.

Bansal Wire Industries IPO key dates

Bansal Wire Industries IPO will list on the BSE and NSE on July 1, 2024.

All about Bansal Wire IPO

Bansal Wire Industries is a manufacturer and exporter of steel wires in the high-carbon steel wire, low-carbon steel and stainless steel segments. The comoany plans to sue IPO proceeds to develop its specialty wire segment at its upcoming Dadri factory.

Bansal Wire Industries reported a combined annual growth rate of 28 per cent to Rs 2,422.56 crore in FY23, compared to Rs 1,480.41 crore in FY21. The company’s profit after tax rose 21.7 per cent to Rs 59.93 crore in FY23, from Rs 40.46 crore in FY21.

Bansal Wires IPO shares have been divided into different categories based on the following classification:

50 per cent for qualified institutional investors (QIBs)
35 per cent for retail buyers
15 per cent for non-institutional investors (NII)

Book running lead managers on the Bansal Wire Industries IPO include SBI Capital Markets and DAM Capital Advisors.

(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)

 Bansal Wire Industries IPO price band has been fixed at Rs 243-256 per share. Check the information about the wire maker’s GMP and key dates.  Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today