Bansal Wire is launching an Initial Public Offering (IPO) valued at Rs 745.00 crores, consisting entirely of a fresh issue of 2.91 crore shares. The IPO subscription period is set to open on July 3, 2024, and will close on July 5, 2024. Investors can expect the allotment to be finalized by Monday, July 8, 2024, with the shares set to list on the BSE and NSE on Wednesday, July 10, 2024.
The price band for the Bansal Wire IPO is between ₹243 and ₹256 per share. Retail investors can participate with a minimum lot size of 58 shares, requiring an investment of ₹14,848. For sNII (small Non-Institutional Investors), the minimum investment is 14 lots, totaling 812 shares and amounting to ₹207,872. For bNII (big Non-Institutional Investors), the minimum investment is 68 lots, totaling 3,944 shares and amounting to ₹1,009,664.
Bansal Wire operates in the manufacturing sector, specializing in the production of high-quality wires and cables. SBI Capital Markets Limited and Dam Capital Advisors Ltd (formerly known as IDFC Securities Ltd) are the book running lead managers for this IPO, while Kfin Technologies Limited will serve as the registrar for the issue.
Bansal Wire IPO Details:
| Company Name | Bansal Wire |
| Sector | Manufacturing |
| IPO Type | Mainboard |
| IPO Open date | 03rd July 2024 |
| IPO Close date | 05th July 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Bansal Wire IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 58 | 14,848 |
| sHNI (Min) | 14 | 812 | 2,07,872 |
| bHNI (Min) | 68 | 3944 | 10,09,664 |
Bansal Wire IPO Timeline:
| IPO Open Date | 03rd July 2024 |
| IPO Close Date | 05th July 2024 |
| Basis of Allotment | 08th July 2024 |
| Refund Initiation Date | 09th July 2024 |
| Shares Credit to Demat | 09th July 2024 |
| Listing Date | 10th July 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
