The Bansal Wire Share Price IPO opened for bidding on July 3 and concluded on July 5. The price band for the issue was set between Rs 243 and Rs 256 per share.
After a successful Initial Public Offering (IPO) on July 10, Bansal Wire Industries’ shares made an excellent debut on the NSE, listing for Rs 356—a premium of 39% over the issue price of Rs 256. The only thing that was issued new in this book-built IPO was 2.91 crore shares.
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Bidding for the Bansal Wire IPO began on July 3 and ended on July 5. The issue’s price range was fixed at Rs 243–Rs 256 per share.
Bids for more over 67 crore equity shares were received for Bansal Wire’s Rs 745-crore public offering, exceeding the offer size of 2.14 crore equity shares by a factor of 31.25.
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Qualified institutional buyers (QIBs) led the charge, buying over 55 times their allotted portion. Non-institutional investors followed, bidding 44.60 times their allotted quota, while retail investors subscribed to 11.76 times their reserved portion.
SBI Capital Markets Limited and Dam Capital Advisors Ltd (formerly IDFC Securities Ltd) acted as the book-running lead managers for the IPO, while Kfin Technologies Limited served as the registrar.
Known for producing high-quality stainless steel wire, Bansal Wire serves a wide range of industries, including general engineering, automotive, hardware, infrastructure, consumer durables, power and gearbox, agriculture, and car replacement. Products from the company are sold under the “BANSAL” trademark. Also Read CBI Arrests Father-Son Duo in NEET-UG Paper Leak!
Bansal Wire operates across three primary segments – high carbon steel wire, mild steel wire (low carbon steel wire), and stainless steel wire.
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