Bansal Wire IPO strong Listing of 39 percent premium at 356 rupees per share on NSE know details

Bansal Wire IPO Listing: Shares of Bansal Wire, a steel wire manufacturing company, were listed on the stock exchange today. Shares of Bansal Wire have made investors earn a lot of money with their listing and have been listed on NSE at a premium of 39 percent at Rs 356 per share. The price band of shares in Bansal Wire's IPO was fixed at a maximum of Rs 256 per share. Through this IPO, the company has issued fresh shares worth a total of Rs 2.91 crore.

At how much rupees were the shares listed on BSE

Shares of Bansal Wire were listed on BSE at Rs 352.05 per share with a premium of 37.52 percent. Thus, Bansal Wire got a profit of Rs 100 per share on NSE and Rs 96.05 per share on BSE.

Know the details of Bansal Wire IPO

Bansal Wire had tried to raise Rs 745 crore from the market through this IPO. A total of 29,101,562 equity shares have been sold in the IPO. All these shares have been issued fresh and not a single share has been sold under the offer for sale. The company's shares have been listed on BSE and NSE. The company's IPO was open for investors between July 3 and July 5, 2024. The company had fixed the price band of the shares between Rs 243 to Rs 256 per share.

There was a good response from investors

Bansal Wire IPO received a good response from investors. This IPO was subscribed a total of 59.57 times. 127.85 crore equity shares were bid in exchange for 2.14 crore shares. Retail investors subscribed their quota 14.37 times, QIB investors subscribed their quota 153.86 times and NII subscribed 54.21 times.

What does the company do?

Bansal Wire Industries is a steel wire manufacturing and exporting company. This company manufactures carbon steel wire, mild steel wire and stainless steel wire. The company will invest the money raised through the IPO to repay its debt as well as strengthen its position in the market.

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