New Delhi: Bansal Wire IPO listing day is Wednesday, July 10, 2204. Most of stock brokerage firms had given a subscribe rating to the Rs 745 crore public issue. Mantri Finmart, founder, Arun Mantri told Money9 that investors should book profit on Bansal Wire IPO listing gains of 30-35 per cent. He also advised investors to not chase the stock on debut day. He added, “Let the dust settle down, then, we will see what is the correct price to enter the stock.” While, stock market expert Santosh Singh said he found valuation of the public issue to be expensive.
On the other hand, Bansal Wire IPO GMP has fallen after the public issue closed for subscription on July 5. While, Bansal Wire IPO Subscription Status had reached multifold by the time the subscription windows had closed on Friday.
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Bansal Wire IPO GMP today
Bansal Wire IPO GMP today fell to Rs 70 in the grey market, according to Investor Gain. The stock’s latest grey market premium and Bansal Wire IPO price band upper limit of Rs 243-256, indicate Bansal Wire IPO listing price prediction of Rs 325 per share. On the basis of these statistics, Bansal Wire IPO listing gains of 27 per cent can be expected which is lower than Mantri’s prediction. Albeit, GMP cannot be considered as an official number.
Bansal Wire IPO Subscription Status
Bansal Wire IPO Subscription Status had crossed 62X mark by the end of day three. While, Bansal Wire IPO retail subscription status reached 14 times the allotted size. And, the Non-Institutional Investors’ (NIIs) category was oversubscribed 54 times. While, the Qualified Institutional Buyers’ (QIB) quota was oversubscribed by a massive 153 times.
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Bansal Wire IPO Allotment Status
Investors who had applied for the IPO can check Bansal Wire IPO allotment status either on the company’s registrar’s website or on the BSE. The steel wire manufacturer’s public issue was opened on July 03.
(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.)
Based on Bansal Wire IPO’s current GMP, Bansal Wire IPO listing price prediction is of Rs 325 per share on Wednesday, July 10, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
