Bansal Wire Industries IPO Debut: Shares Surge 39% on NSE Listing

Bansal Wire Industries IPO Debuts Strongly on NSE, Shares Surge 39%

Team FS

10/Jul/2024

Key Points:

Bansal Wire Industries shares debut at Rs 356 on NSE, a 39% premium over the issue price of Rs 256.

The IPO was oversubscribed by 31.25 times, with bids received for over 67 crore equity shares against an offer size of 2.14 crore shares.

Qualified institutional buyers (QIBs) subscribed 55 times, non-institutional investors 44.60 times, and retail investors 11.76 times their respective allotted quotas.

Bansal Wire Industries marked a successful IPO debut on July 10 as its shares surged 39% over the issue price of Rs 256 to open at Rs 356 on the National Stock Exchange (NSE). The IPO, consisting solely of a fresh issue of 2.91 crore shares, was priced in a range of Rs 243 to Rs 256 per share.

Investor enthusiasm was evident in the overwhelming response to Bansal Wire's Rs 745-crore public offering, which saw bids pouring in for over 67 crore equity shares, surpassing the offer size of 2.14 crore shares by an impressive 31.25 times. This robust demand across investor categories underscores the confidence in Bansal Wire's prospects and the attractiveness of its IPO pricing.

Qualified institutional buyers (QIBs) led the subscription frenzy by bidding 55 times their allotted portion, followed closely by non-institutional investors who subscribed 44.60 times. Retail investors also showed strong interest, subscribing 11.76 times their reserved portion.

This debut not only highlights Bansal Wire Industries' strong market entry but also sets a positive tone for its future growth trajectory in the competitive landscape of the Indian stock market.

The Upcoming IPOs in this week and coming weeks are Sahaj Solar Limited, Sati Poly Plast Limited, Aelea Commodities Limited, Prizor Viztech Limited, Three M Paper Boards Limited.

The current active IPO is Nil as of now.

The Recently Listed IPOs which is available for trading in stock Market are BANSAL WIRE INDUSTRIES, EMCURE PHARMACEUTICALS, NEPHRO CARE INDIA, Diensten Tech Limited, Vraj Iron and Steel Limited, Divine Power Energy Limited, Petro Carbon & Chemicals Limited, Akiko Global Services Limited, Allied Blenders and Distillers Limited, VISAMAN GLOBAL SALES Limited IPO, Mason Infratech Limited, Sylvan Plyboard (India) Limited, SHIVALIC POWER CONTROL LIMITED, Stanley Lifestyles Limited, Medicamen Organics Limited, EnNutrica (Dindugal Farm Product) IPO, Winny Immigration and Education Services Limited, GP Eco Solutions India Limited ,United CotFab Limited, LE TRAVENUES TECHNOLOGY LIMITED (ixigo), Awfis Space Solutions IPO, Go Digit IPO, Vilas Transcore IPO, GSM Foils IPO, Rulka Electricals IPO, HOAC FOODS INDIA IPO, Aadhar Housing Finance IPO.

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Bansal Wire Industries IPO Debuts Strongly on NSE, Shares Surge 39%

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