Bansal Wire Industries Limited’s ₹745 crore IPO received a robust reaction from Indian primary market investors. According to the BansalWire IPO subscription status, the public issue was subscribed to 59.57 times in three days of bidding from July 3rd to 5th, 2024. The spotlight now switches to the expected BansalWire IPO allotment date of July 8, 2024. BansalWire Industries Limited shares are currently trading at a premium of ₹70, showing potential for future growth in the gray market.
Today, Bansal Wire announced its IPO GMP
The Bansal Wire IPO GMP (grey market premium) is now ₹70, up ₹5 from Friday’s ₹65. Market observers credit this increase to two important factors: favorable sentiment in the Indian stock market and the BansalWire IPO’s strong subscriber status. This understanding of market dynamics can help investors make informed IPO decisions.
Subscription Status for Bansal Wire IPO
After three days of bidding from July 3rd to July 5th, 2024, the public issue was subscribed to 59.57. The retail component of the issuance, designated for individual investors, was filled 13.64 times. The NII section of the issuance, which is designated for non-institutional investors, was subscribed to 51.46 times, while the QIB segment, which is earmarked for qualified institutional buyers, was filled to 146.05. This significant response from NII and QIB investors demonstrates the broad interest in the Bansal Wire IPO.
Bansal Wire IPO allotment date and other information
Following the ‘T+3’ listing criterion, which is common in the stock market, the most likely BansalWire IPO allotment date is Monday, July 8th, 2024. Similarly, the most likely listing date for the BansalWire IPO is Wednesday, July 10th, 2024.
Check the status of Bansal Wire IPO allotments
Once the share distribution is made public, bidders can readily check the status of their applications online. They can do this by logging in to the BSE website or the official registrar of the public offering, KFin Technologies Limited.
