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    5. BANSALWIRE

    Bansal Wire Industries Limited

    CLOSED

    IPO Date: 4 Jul - 6 Jul 2024

    Listing Date: 11 Jul 2024

    Price Range

    ₹243 to ₹256 per share

    Issue Size

    745 Cr

    Min Investment

    ₹14,094

    Lot Size

    58 Shares

    View IPO Document

    Schedule of Bansal Wire Industries Limited

    Issue open date

    4 Jul 2024

    Issue close date

    6 Jul 2024

    UPI mandate deadline

    6 Jul 2024 (5 PM)

    Allotment finalization

    9 Jul 2024

    Share credit

    10 Jul 2024

    Listing date

    11 Jul 2024

    Mandate end date

    21 Jul 2024

    Issue size

    Funds Raised in the IPOAmount
    Overall745 Cr
    Fresh Issue0 Cr
    Offer for Sale0 Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date9 Jul 2024
    Allotment Link{Link}

    Grey Market PremiumNew

    Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

    DateIpo PriceGMPEstimated Listing Price
    11 Jul 2024₹256₹70₹326 (27.34%)
    10 Jul 2024₹256₹70₹326 (27.34%)
    9 Jul 2024₹256₹70₹326 (27.34%)
    8 Jul 2024₹256₹76₹332 (29.69%)
    7 Jul 2024₹256₹76₹332 (29.69%)
    6 Jul 2024₹256₹76₹332 (29.69%)
    5 Jul 2024₹256₹60₹316 (23.44%)
    4 Jul 2024₹256₹60₹316 (23.44%)
    3 Jul 2024₹256₹66₹322 (25.78%)
    2 Jul 2024₹256₹65₹321 (25.39%)
    1 Jul 2024₹256₹60₹316 (23.44%)

    Performance Bansal Wire Industries Limited

    Issue PriceListing GainCurrent Market PriceP/L
    ₹243 to ₹256 per share₹ 1152 (36%) ₹ 362.4541.58%

    About Bansal Wire Industries Limited

    Incorporated in December 1985, Bansal Wire Industries Limited is a stainless steel wire manufacturing company. The company operates in three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. The company makes over 3,000 different types of steel wire products, ranging in size from very thin to very thick. They have more than 5,000 customers in different industries, which helps the company grow. To reduce risk, the company doesn't rely too much on one customer or one type of customer. They also use a pricing model that helps them deal with changes in material costs. The company has a presence across India and operates in over 50 countries through product exports, solidifying its position as a key player in the global market. The company exports products to over 50 countries. It has 14 global representatives covering Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. Our export turnover has grown at a CAGR of 47.15% in the last three fiscal years. The company has four manufacturing units in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad and Bahadurgarh, Jhajjar, Haryana. Out of four units two are located in Loni Industrial Area, Ghaziabad. Since 2021, the company has established a sales team of over 50 experienced professionals to cover all regions of India and serve 5,000+ customers in various sectors.

    Founded in1985
    Managing director
    Parent organization

    Financial Overview

    Strengths

      Risks

        Subscription Figures

        CategorySubscription (No. of times)
        Qualified Institutional Buyers (QIBs)153.86
        Non-Institutional Investors (NIIs)54.21
        Retail Individual Investors (RIIs)14.37
        EmployeeN/A
        Total62.76