The Bansal Wire IPO subscription status started on July 03, 2024, and QIB, NII, and RII are also subscribing to it. The Bansal Wire IPO opens on July 03, 2024, and will end on July 05, 2024. Bansal Wire IPO is preparing to raise ₹745.00 crores through its fresh issue and the Bansal Wire IPO price band is fixed at ₹243 to ₹256 per share. You Can check Bansal Wire IPO GMP here.
Bansal Wire Industries Limited is a stainless steel wire manufacturing company. The company is the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume in India.
The company offers over 3000 SKUs (i.e., stock keeping units) in three broad segments, i.e., high carbon steel wire, mild steel wire (low carbon steel wire), and stainless steel wire, with our Company’s offering of approximately 2000 SKUs and our Subsidiary’s offering of 1500 SKUs.
Bansal Wire IPO reserved shares in this IPO, 50% for QIB 15% for NII, and 35% for the retail category have been reserved. To know the Bansal Wire IPO Subscription Status, you can see the below-day Subscription.
Bansal Wire IPO Review :
Show Review…….
- ■ The company is engaged in manufacturing and marketing over 3000 SKUs in various types of metal wires under its own brand “Bansal”..
- ■ The company top & Bottom line strong.
- ■ The PE ratio of the company is slightly high.
- ■ The company Issue price is slightly aggressive based on the PE Ratio but the company growth line is clear.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
Bansal Wire IPO Subscription Status {Live Update} :
The total Bansal Wire IPO Subscription Status subscribed 59.37x times, with QIB subscribed 146.05x NII subscribed 51.46x times & RII 13.64x times, on Day 3. (Closed)
| Category | Day 1 | Day 2 | Day 3 |
| QIB : | 0.01x | 0.09x | 146.05x |
| NII : _________ bNII (above ₹10L): sNII (below ₹10L): | 2.44x ______ 1.90x 3.54x | 12.16x ______ 10.94x 14.61x | 51.54x ______ 52.46x 49.46x |
| RII : | 2.47x | 6.19x | 13.64x |
| Total : | 1.76x | 5.73x | 59.37x |
Bansal Wire IPO Net Shares Offered:
Bansal Wire IPO is a public issue of 29,101,562 equity shares. The issue offers 5,820,313 shares to qualified institutional buyers, 4,365,234 shares to non-institutional investors, and 1,07,30,453 shares to retail investors.
| Category | Net EQ Offer | Amount(in Cr) |
| Anchor : | 8,730,468 | 223.50 |
| QIB : | 5,820,313 | 149.00 |
| NII : ________________________ bNII (bids above ₹10L) : sNII (bids below ₹10L) : | 4,365,234 ______________ 2,910,157 1,455,078 | 111.75 _______ 74.50 37.25 |
| RII : | 10,185,547 | 260.50 |
| Total : | 29,101,562 | 745.00 |
Investor Categories Define :
■ Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds, insurance companies, and pension schemes.
■ Non-Institutional Investors(NII): Retail Individual Investors, NRIs, Companies, Trusts, etc
● sNII (bids below Rs 10L): The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category.
● bNII (bids above Rs 10L): The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory.
■ Retail Individual Investors (RII): Retail Individual Investors or NRIs
■ Employee (EMP): Eligible Employees
■ Others: Eligible Shareholders
Bansal Wire IPO Subscription Status FAQs :
How much is the total Bansal Wire IPO Subscription Status?
The total Bansal Wire IPO Subscription Status is 59.37x times Day 3.
What is the Bansal Wire IPO retail subscription Status?
Bansal Wire IPO Retail Subscription 13.64x times Day 3.
What is the Bansal Wire IPO QIB subscription Status?
The Bansal Wire IPO QIB subscription is 51.54x times Day 3.
What is the Bansal Wire IPO NII subscription status?
Bansal Wire IPO NII Subscription 146.05x times Day 3.
When is the Bansal Wire IPO Allotment Date?
Bansal Wire IPO allotment date is July 08, 2024.
When is the Bansal Wire IPO Listing Date?
Bansal Wire IPO listing date is July 10, 2024. The IPO is to be listed on BSE and NSE.
How to Apply the Bansal Wire IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Bansal Wire IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Bansal Wire IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Bansal Wire IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Bansal Wire IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Bansal Wire IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Bansal Wire IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Bansal Wire IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Bansal Wire IPO GMP: Click Here Bansal Wire IPO Details: Click Here Bansal Wire IPO Allotment: Click Here Bansal Wire IPO Listing: Click Here |
All Bansal Wire IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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