Bansal Wire Industries Limited IPO GMP: Check Price Band, Key Dates And Other Details

bansal wire industries limited ipo gmp: check price band, key dates and other details

Bansal Wire Industries Limited is set to open its Initial Public Offering (IPO) on July 3, 2024, with the subscription window closing on July 5, 2024. This book-built issue aims to raise Rs 745 crore through the fresh issuance of 2.91 crore shares.

Bansal Wire Industries Limited IPO Price BandThe price band for the Bansal Wire Industries Limited IPO is fixed between Rs 243 and Rs 256 per share.

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Bansal Wire Industries Limited IPO Minimum AmountThe minimum application size is 58 shares, requiring a retail investor to invest at least Rs 14,848. For small Non-Institutional Investors (sNII), the minimum lot size is 14 lots, totaling 812 shares at an investment of Rs 207,872. For big Non-Institutional Investors (bNII), the minimum lot size is 68 lots, amounting to 3,944 shares and an investment of Rs 1,009,664.

Bansal Wire Industries Limited IPO Allotment DateThe allotment of Bansal Wire Industries Limited IPO shares is expected to be finalized by Monday, July 8, 2024.

Bansal Wire Industries Limited IPO Listing DateThe listing of Bansal Wire Industries Limited IPO on both BSE and NSE is tentatively scheduled for Wednesday, July 10, 2024.

Bansal Wire Industries Limited IPO GMPAs per multiple websites that track the grey market premium activities, the shares of Bansal Wire Industries Limited IPO are commanding a GMP in the price range of Rs 50 - Rs 60 in the unlisted market.

SBI Capital Markets Limited and Dam Capital Advisors Ltd, formerly known as IDFC Securities Ltd, are serving as the book-running lead managers for this IPO, while Kfin Technologies Limited is the registrar.

Bansal Wire Industries Limited is a prominent manufacturer of stainless steel wire and it was founded in December 1985. The company operates across three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire.

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With a portfolio of over 3,000 different steel wire products catering to a diverse customer base exceeding 5,000 clients, Bansal Wire Industries has established a significant presence in various industries.