Bansal Wire Industries Limited’s initial public offering (IPO) was fully subscribed on its final day of bidding on Friday and raised Rs 745 crore through this issue. Subscription opened for subscription on July 3 and closed for subscription on July 5, with share prices between Rs 243 to 256 per share being set as the fixed range; with both retail and institutional investors participating fully in this IPO offering.
Bansal Wire IPO Allotment Status
This company specializes in steel wire products and operates across three distinct segments – high carbon steel wire, mild steel wire (low carbon) and stainless steel wire. With more than 3000 SKUs of steel wire products available through its dealer distribution network and presence in 22 states and 6 union territories through dealer networks; additionally it plans to add specialty wire products through an upcoming facility in Dadri.
Bansal Wire Industries Limited shares can be an excellent way to diversify your portfolio and take advantage of their long-term growth potential. However, before making this investment decision, it is crucial that you understand all key risks and the company’s business model; Bansal has limited reach within southern markets and may be susceptible to changes in raw material prices which might require careful analysis prior to investing in any stocks associated with them.
Before investing, it is wise to research an IPO‘s Basis of Allotment (BOA) and Registrar details in order to make an informed investment decision. BOA gives a good indication of demand for its shares by providing details such as number of applications received, shares reserved for various categories such as anchor, QIBs (Qualified Institutional Buyer), non-qualified Institution Investors (NIIs), retail individual Investors and allocation ratios.
After the allotment is confirmed, shares will be deposited into your demat account and listed for trading on both BSE and NSE stock exchanges. Their trading date will be July 10 and refunds can be requested from your broker if no allotment was granted.
Log into your bank or broker account, navigate to the IPO dashboard, click “IPO Allotment,” and view your allotment status. For any assistance you can always reach out directly to your IPO advisor or the company directly.
I’m Pradeep Ahalawat, the founder and chief writer of this blog. (Holding the degree of M.Sc. IT with more than 15 years of expereince in IT sector) With a passion for storytelling and a keen interest in current affairs (Business), I started this platform to share my researches and perspectives on the issues that matter most to the Personal Finance.