Bansal Wire: The allocation status for the initial public offering (IPO) of Bansal Wire Industries Limited is now available. The bidding for the IPO ended last Friday. By logging in to the BSE or KFin Technologies websites, applicants for the public issue can quickly and simply verify their Bansal Wire IPO allotment status online.
Applicants for the Bansal Wire IPO may find it more convenient to use the direct BSE link at bseindia.com/investors/appli_check.aspx. can use the direct KFin Tech link at kosmic.kfintech.com/ipostatus to view the online allocation status for their Bansal Wire IPO. The focus now shifts to the Bansal Wire IPO listing date, which is anticipated to occur on July 10, 2024, when the share distribution is finished. The gray market has demonstrated additional interest in the Bansal Wire IPO in the interim, before the announcement of the IPO listing date. Stock market watchers report that shares of Bansal Wire Industries Limited are trading at ₹77, which is ₹2 more than the ₹75 grey market premium (GMP) that was offered for the company’s IPO on Monday.
IPO GMP for Bansal Wire today
The Bansal Wire IPO GMP today is ₹77, as was previously indicated. Given that the Bansal Wire IPO bidding concluded on Friday of the previous week, it is noteworthy that the IPO GMP has increased from ₹65 to ₹77. The strong subscription status of the Bansal Wire IPO and the upbeat atmosphere in the Indian stock market, according to market watchers, are the two main causes of the surge in the GMP.
Prediction for the BansalWire IPO listing price
Regarding the anticipated listing price for Bansal Wire, market watchers stated that the company’s GMP is currently ₹77. This indicates that the gray market anticipates the listing price of Bansal Wire to be about ₹333 (₹256 + ₹77). According to the grey market, Bansal Wire’s initial public offering (IPO) might be listed at a significant 30% premium over the upper price range of ₹256 per equity share.
GMP is not the best metric, according to stock market specialists, for determining the potential listing premium. They pointed out that the grey market is unregulated and unrelated to the financials of a business. Thus, it is best to stay simple and rely on the balance sheet of the business.
Disclaimer: Stockeasynow provides stock market news for informational purposes only and should not be construed as investment advice. Readers are strongly encouraged to consult with a qualified financial advisor before making any investment decisions.
