Company Background:
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- Established in 1985, specializing in stainless steel wire.
- Operates in 3 sectors: high carbon steel, low carbon steel, and stainless steel wire.
- Diverse product range with over 3,000 steel wire products.
- Wide customer base of over 5,000 clients.
IPO Details:
- Listed at ₹356 on NSE, a 39% premium over the issue price of ₹256 per share.
- Raised ₹745 crore through a fresh issue of 2.91 crore shares.
- Bidding open from July 3rd to July 5th, 2024.
- Listed on July 10th, 2024 with a strong premium.
- This was a very positive outcome for Bansal Wire and a sign of confidence from the market.