Bansal Wire IPO listing price exceeded analyst expectations.

Company Background:

    • 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.

Next Post

Ganesh Green Bharat Limited (GGBL) IPO Details

Wed Jul 10 , 2024
IPO Details: The IPO is closed now (July 9th, 2024) and expected to list on July 12th on the NSE SME platform. IPO Type: SME IPO Issue Size: ₹125.23 Crore Issue Period: July 5th, 2024 – July 9th, 2024 (Closed) Allotment Expected: Today, July 10th, 2024 (tentative) Listing Expected: July […]

You May Like