Bansal Wire’s IPO is opening for retail investors on July 3 and close on July 5.
The size of Bansal Wire’s IPO is Rs 745 crore. Anchor investors, who are big investors, can invest in the IPO on July 3.
IPO Price Band and Investment Details
The price band for Bansal Wire’s IPO is set between Rs 243 to Rs 256 per share. The company has created lots of 58 shares,
meaning the minimum investment required is Rs 14,848. Investors will receive their allotted shares on July 8.
Listing and Share Allocation
Bansal Wire will list on both the BSE and NSE. The IPO will consist entirely of fresh shares, with the company issuing 2.91 crore new shares.
The IPO’s performance in the grey market has been impressive, with shares trading at a premium of Rs 50.
Initially, the shares were trading at a premium of Rs 0, and if this trend continues, the shares might list above Rs 300.
Investor Allocation and Promoters
Fifty percent of the IPO is reserved for qualified institutional buyers, 35 percent for retail investors, and 15 percent for non-institutional investors.
The company’s promoters are Arun Gupta, Anita Gupta, Pranav Gupta, and Arun Kumar Gupta (HUF), who together hold a 95.78 percent stake in the company.
