Bansal Wire Industries Limited recently concluded its IPO, raising ₹745 crore. The IPO received an enthusiastic response, with the subscription reaching 59.57 times over the three-day bidding period from July 3 to July 5, 2024. The allotment date for the IPO is set for July 8, 2024, and the shares continue to perform well in the grey market with a premium of ₹70, suggesting a positive outlook.
Bansal Wire IPO Grey Market Premium (GMP) Today
The current GMP for Bansal Wire IPO is ₹70, up from ₹65 last Friday. Market experts believe this increase is due to strong positive sentiments in the Indian stock market and the impressive subscription status of the IPO.
Bansal Wire IPO Subscription Status
During the three days of bidding, the Bansal Wire IPO was subscribed 59.57 times. The retail portion, reserved for individual investors, was subscribed 13.64 times. The non-institutional investors (NII) portion was subscribed 51.46 times, and the qualified institutional buyers (QIB) segment saw a subscription of 146.05 times. This high level of interest from NII and QIB investors highlights the strong appeal of the Bansal Wire IPO.
Bansal Wire IPO Allotment Date and Other Details
Following the ‘T+3’ listing rule, the Bansal Wire IPO allotment date is expected to be Monday, July 8, 2024. The listing date is likely to be Wednesday, July 10, 2024.
Checking Bansal Wire IPO Allotment Status
After the share allocation is made public, bidders can check their application status online. This can be done by visiting the BSE website or the official registrar’s website, KFin Technologies Limited. For easy access, bidders can use the direct BSE link here or the direct KFin Tech link here to check their Bansal Wire IPO allotment status.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
