New Delhi: Bansal Wire IPO last date is Friday, July 05, 2024. According to stock market analysts, Bansal Wire IPO listing gains may be nil to muted. Who should apply? In an exclusive interview with Money9, market expert Santosh Singh advised only long-term investors to apply in the ongoing public issue of Bansal Wire Industries. According to him, investors should not apply purely for listing gains. He cited slightly expensive valuation at which the company has brought the IPO behind his rationale. While, another stock market analyst, Arun Mantri, said he expects 30 to 40 per cent listing gains in Bansal Wire IPO. Bansal Wire IPO GMP today has remained firm and didn’t go up since yesterday. Although, Bansal Wire IPO subscription status has gradually increased multifold.
Bansal Wire IPO GMP today
Bansal Wire IPO GMP today stood at Rs 60 in the grey market, according to Investor Gain. Stock’s current grey market premium and Bansal Wire IPO price band of Rs 243-256, signify Bansal Wire IPO listing gains of around 23 per cent. Albeit, GMP cannot be considered as an official number.
Bansal Wire IPO Subscription Status
Bansal Wire IPO Subscription Status had crossed 6X mark by the end of day two. While, Bansal Wire IPO retail subscription status stood at 6.54 times the allotted size. And, Bansal Wire IPO QIB quota was full 10 per cent. While, Bansal Wire IPO NII category was subscribed almost 13 times.
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Bansal Wire IPO IPO Allotment Date
Bansal Wire IPO expected allotment date is Monday, July 8, 2024. While, Bansal Wire share credit and refund process initiation dates are Tuesday, July 9, 2024. While, Bansal Wire IPO expected listing date is Wednesday, July 10, 2024 on the NSE and BSE.
Bansal Wire IPO Retail Investors’ Minimum Investment
Retail investors can bid for a minimum of 14 shares in a single lot and in multiples thereof. At lower price of the IPO price band, Bansal Wire IPO retail investors’ minimum investment amount will be Rs 13,440.
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Stock market analysts see muted Bansal Wire IPO listing gains although stock’s grey market premium (GMP) remains firm at Rs 60 per share. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
