The Bansal Wire IPO commenced on July 3, 2024, and concluded on July 5, 2024. The allotment of shares took place on July 8, 2024, and the initiation of refunds began on July 9, 2024. The shares were credited to the demat accounts of investors on July 9, 2024. Finally, the listing of Bansal Wire on the stock exchange occurred on July 10, 2024.
The Bansal Wire IPO was priced at ₹243 to ₹256 per share, with a lot size of 58 shares. The total size of Bansal Wire IPO is ₹745.00 crores out of which ₹745.00 crores is fresh issue. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Bansal Wire IPO Basic Details
| Company Name | Bansal Wire Industries Limited |
| Domain of Company | Wire Manufacturer |
| Aasaan Loans IPO GMP Today | ₹65 |
| Aasaan Loans IPO Listing Gain | 25.39% |
| Aasaan Loans IPO Open Date | July 3, 2024 |
| Aasaan Loans IPO Close Date | July 5, 2024 |
| Aasaan Loans IPO Allotment Date | July 8, 2024 |
| Aasaan Loans IPO Listing Date | July 10, 2024 |
| Face Value | ₹10 per share |
| Price | ₹243 to ₹256 per share |
| Lot Size | 58 Shares |
| Issue Size | 29,101,562 shares (aggregating up to ₹745.00 Cr) |
| Fresh Issue | 29,101,562 shares (aggregating up to ₹745.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta HUF |
Bansal Wire IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹65 | 25.39% | – | – |
| 1 July 2024 | ₹65 | 25.39% | – | – |
Bansal Wire Industries IPO Details:
Founded in December 1985, Bansal Wire Industries Limited specializes in manufacturing stainless steel wires.
The company focuses on three main areas: high carbon steel wire, low carbon (mild) steel wire, and stainless steel wire.
Bansal Wire Industries produces over 3,000 types of steel wire products, from very thin to very thick, serving more than 5,000 customers across various industries, which helps fuel its growth.
To manage risk, the company avoids over-dependence on a single customer or customer type and uses a flexible pricing model to handle material cost fluctuations.
Bansal Wire Industries has a strong presence in India and exports to over 50 countries, establishing itself as a key player in the global market.
The company has 14 global representatives in countries such as Bangladesh, Brazil, France, Germany, Israel, Italy, the Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. Its export turnover has grown at a compound annual growth rate (CAGR) of 47.15% over the past three fiscal years.
Bansal Wire Industries operates four manufacturing units located in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad (with two units), and Bahadurgarh, Jhajjar, Haryana.
Since 2021, the company has built a sales team of over 50 experienced professionals to serve its more than 5,000 customers across India in various sectors.
Bansal Wire IPO More Details Click Here
Bansal Wire IPO FAQs
When is Bansal Wire IPO open?
Bansal Wire IPO will open on 3 July 2024.
When is Bansal Wire IPO Close?
Bansal Wire IPO will be closed on 5 July 2024.
What is Bansal Wire IPO GMP Today?
The Bansal Wire IPO GMP aka Grey Market Premium is ₹65.
What is Bansal Wire IPO Kostak Rates Today?
The Bansal Wire IPO Kostak Rate is ₹000.
What is Bansal Wire IPO Subject to Sauda Price Today?
The Bansal Wire IPO subject to sauda rates is ₹000.
Bansal Wire IPO Expected Returns?
The Bansal Wire expected return is 25.39%.
How much will be the listing gain in Bansal Wire IPO?
Bansal Wire IPO will get listing gain of 25.39%. (Approx.)
