Bansal Wire Industries Limited IPO
Bansal Wire Industries Limited was a mainboard IPO in the Iron & Steel Products sector, offered at ₹48.6–₹51.2 per share to raise ₹745 crore. The issue was subscribed 59.57× overall (QIBs 146.05×, NIIs 51.46×, retail 13.64×). It listed on 10 Jul 2024 at ₹71 and closed its first day at ₹70, a listing gain of +36.9% versus the ₹51.2 issue price. It now trades around ₹57 (+12.1% versus the issue price).
Frequently asked questions
- How many times was the Bansal Wire Industries Limited IPO subscribed?
- The Bansal Wire Industries Limited IPO was subscribed 59.57× overall — 146.05× in the QIB category, 51.46× among non-institutional investors, 13.64× in retail.
- What were the Bansal Wire Industries Limited IPO listing gains?
- Bansal Wire Industries Limited listed on 10 Jul 2024 at ₹71, closing its first day at ₹70 — a listing gain of +36.9% versus the ₹51.2 issue price.
- What were the retail allotment odds for the Bansal Wire Industries Limited IPO?
- Retail was subscribed 13.64×, so a single-lot application had roughly a 7.3% chance of allotment (about 1 in 14), and allotment was finalised on 8 Jul 2024.
- What was the price band and lot size of the Bansal Wire Industries Limited IPO?
- The price band was ₹48.6–₹51.2 per share, with a minimum lot of 58 shares (₹2,970 at the upper band).
- Who were the registrar and lead manager for the Bansal Wire Industries Limited IPO?
- KFin Technologies Limited was the registrar, and SBI Capital Markets was the book-running lead manager.