The Bansal Wire IPO started on July 3, 2024, and ended on July 5, 2024. Shares were allocated on July 8, 2024, and refund processes began on July 9, 2024. On July 9, 2024, the shares were credited to investors demat accounts. Bansal Wire was officially listed on the stock exchange on July 10, 2024.
During the IPO, Bansal Wire offered shares at a price range of ₹243 to ₹256 per share, and the lot size was 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 the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Bansal Wire IPO Subscription Update Video
Bansal Wire IPO Subscription Status
The Bansal Wire IPO on July 3, 2024 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times and the Employee category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Employee | x |
| Total | x |
Bansal Wire IPO Basic Details
| Company Name | Bansal Wire Industries Limited |
| Domain of Company | Wire Manufacturer |
| 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 |
About Bansal Wire Industries Limited
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.
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Bansal Wire IPO FAQs
What is the start and end date of Bansal Wire IPO Subscription?
The Bansal Wire IPO started on July 3, 2024, and ended on July 5, 2024.
When does Bansal Wire IPO Subscription open?
The Bansal Wire IPO open on July 3, 2024.
When does Bansal Wire IPO Subscription close?
The Bansal Wire IPO Close on July 5, 2024.
What is the allotment date of Bansal Wire IPO?
The allotment date for Bansal Wire IPO is July 8, 2024.
When is the initial refund date of Bansal Wire IPO?
The initial Refund date for Bansal Wire IPO is July 9, 2024.
When were the shares credited to investors demat accounts for the Bansal Wire IPO?
The shares for the Bansal Wire IPO were credited to investors demat accounts on July 9, 2024.
When will Bansal Wire IPO be listed on the stock market?
Bansal Wire IPO stock market will be listed on July 10, 2024 at 10 am.
What was the price range of the Bansal Wire IPO shares?
The Bansal Wire IPO shares were offered at a price range of ₹243 to ₹256 per share.
What was the lot size for the Bansal Wire IPO shares?
The lot size for the Bansal Wire IPO shares was 58 shares.
What was the total issue size of the Bansal Wire IPO?
The total issue size of the Bansal Wire IPO was ₹745.00 crores.
How were the shares allocated among different types of investors for the Bansal Wire IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Bansal Wire IPO listed?
The Bansal Wire IPO was listed on both the NSE and BSE.
What is the Bansal Wire IPO Subscription Status?
Bansal Wire IPO is subscribed Times.
