Bansal Industries IPO Listing: Bansal Wire was listed at Rs 356, a premium of 39% to the issue price on the National Stock Exchange on July 10. The company opened its IPO for bidding on July 03 and closed it on Jully 05 to raise a sum of Rs 745 crore. The company collected the money by selling 29.1 fresh shares. The allotment of shares was finalised on Jully 08. The company marked its debut at Rs 352.05, a premium of 37.5%, on BSE.
Bansal Wire Industries Price Band
The company kept the price band in a range of Rs 243 to Rs 256 per equity share.
Minimum Investment in Bansal Wire Share
A retail buyer had to buy for a minimum of one lot of 58 shares, aggregating the amount to Rs 14,848. However, the small NIIs and big NIIs have different minimum lot sizes.
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About Bansal Wire
The company is a manufacturer of stainless steel wire, operating in three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. Bansal Wire makes over 3,000 different types of steel wire products, ranging in size from very thin to very thick. They have more than 5,000 customers in different industries, which helps the company grow.
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BRLMs and Registrar
SBI Capital Markets and Dam Capital Advisors (earlier IDFC Securities) were the book-running lead managers. While Kfin Technologies handled the work of the registrar for the issue.
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