BANSAL WIRE INDUSTRIES IPO day 1: Check GMP Today, subscription status and review before applying

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BANSAL WIRE INDUSTRIES IPO day 1: Check GMP Today, subscription status and review before applying

Team FS

03/Jul/2024

As of 07:13 PM on 3rd July 2024, the BANSAL WIRE INDUSTRIES Limited IPO live subscription status shows that the IPO 0.68 times on day 1. Check the BANSAL WIRE INDUSTRIES Limited IPO Live Subscription Status Today at NSE.

The Grey Market Premium of Bansal Wire Industries Limited IPO is expected in the range of ₹0 based on the financial performance of the company.

The subscription period for the Bansal Wire IPO opens on July 3, 2024, and closes on July 5, 2024.

BANSAL WIRE INDUSTRIES LIMITED is the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume in India with a production of 72,176 MTPA and 206,466 MTPA, respectively, in Fiscal 2023, representing 20% and approximately 4% market share, respectively.

Bansal Wire IPO, a Book Built issue amounting to ₹745.00 crores, consisting entirely a Fresh Issue of 291.01 lakh Shares. The subscription period for the Bansal Wire IPO opens on July 3, 2024, and closes on July 5, 2024. The allotment is expected to be finalized on or about Monday, July 8, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Wednesday, July 10, 2024.

The share price band of Bansal Wire IPO is set at ₹243 to ₹256 equity per share, with a minimum lot size of 58 shares. Retail investors are required to invest a minimum of ₹14,848, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (812 shares), amounting to ₹207,872.

SBI Capital Markets Limited and DAM Capital Advisors Limited are the book-running lead manager, KFin Technologies Limited is the registrar for the Issue.

Bansal Wire Industries Limited IPO GMP Today
The Grey Market Premium of Bansal Wire Industries Limited IPO is expected in the range of ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Bansal Wire Industries Limited IPO Allotment Status
Bansal Wire IPO allotment date is 08 July, 2024, Wednesday. Bansal Wire IPO Allotment will be out on 8th July 2024 and will be live on Registrar Website from the allotment date. Check Bansal Wire Industries Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Bansal Wire Industries Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

The Upcoming IPOs in this week and coming weeks are Ambey Laboratories Limited, Effwa Infra & Research Limited, Ganesh Green Bharat Limited.

The current active IPO is Emcure Pharmaceuticals Limited, Bansal Wire Industries Limited.

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BANSAL WIRE INDUSTRIES IPO day 1: Check GMP Today, subscription status and review before applying

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