Bansal Wire Industries Limited recently closed its initial public offering (IPO), and the allotment status is now available. Applicants can check their allotment status online via the BSE website or KFin Technologies’ website using these direct links: BSE Link or KFin Tech Link.
With the share allocation complete, all eyes are on the Bansal Wire IPO listing date, expected on 10th July 2024. The grey market shows increased interest, with the Grey Market Premium (GMP) rising to ₹77, up from ₹75 on Monday.
Bansal Wire IPO GMP Today
Today’s GMP for Bansal Wire IPO is ₹77, a notable increase from ₹65 last Friday. Market observers attribute this rise to strong subscription status and positive market sentiment.
Predicted Listing Price
Based on today’s GMP of ₹77, the grey market expects Bansal Wire IPO to list around ₹333 per share, indicating a potential 30% premium over the upper price band of ₹256. However, experts caution that GMP is not a reliable indicator for listing prices and recommend focusing on the company’s financials for a more accurate assessment.
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