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
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
Funds Raised in the IPO | Amount |
---|---|
Overall | 745 Cr |
Fresh Issue | 0 Cr |
Offer for Sale | 0 Cr |
Allotment Timeline | Details |
---|---|
Allotment Date | 9 Jul 2024 |
Allotment Link | {Link} |
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.
Date | Ipo Price | GMP | Estimated 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%) |
Issue Price | Listing Gain | Current Market Price | P/L |
---|---|---|---|
₹243 to ₹256 per share | ₹ 1152 (36%) | ₹ 362.45 | 41.58% |
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 in | 1985 |
Managing director | |
Parent organization |
Category | Subscription (No. of times) |
---|---|
Qualified Institutional Buyers (QIBs) | 153.86 |
Non-Institutional Investors (NIIs) | 54.21 |
Retail Individual Investors (RIIs) | 14.37 |
Employee | N/A |
Total | 62.76 |