Date of the Bansal Wire IPO allotment: Today, Monday, July 8, is the final day of the Bansal Wire IPO share allocation. The registrar's portal, Kfin Technologies Ltd., allows investors who applied for the Bansal Wire Industries IPO to verify the progress of their allotment. Subscriptions for the steel wire manufacturer were accepted from Wednesday, July 3, until Friday, July 5. At the conclusion of the last bidding day, qualified institutional buyers (QIBs) had responded to the offering 146.05 times, non-institutional investors (NIIs) 51.46 times, and retail investors 13.64 times. On the third day of the Bansal Wire IPO, the subscription status was 59.57 times.
By determining the basis of allocation, investors can ascertain whether and in what percentage they have been allotted shares. The number of shares offered is another factor to consider in the IPO allotment status. For those applicants who did not get shares, the company will begin the return procedure. Shares allotted to each individual will be part of their demat account.
The return process for those who were not allotted shares will start on Tuesday, July 9. Shares allotted to individuals will arrive in their demat accounts the same day. The IPO listing date for Bansal Wire is set for Wednesday, July 10.
On the website of the IPO registrar, Kfin Technologies Ltd., you may monitor the allotment status of the Bansal Wire IPO if you have applied.
IPO GMP for Bansal Wire Industries today
Today's IPO GMP for Bansal Wire is +76. According to investorgain.com, this shows that the share price of Bansal Wire Industries was selling at a premium of ₹76 on the grey market.
Taking into consideration the upper end of the IPO pricing band and the current premium on the grey market, Bansal Wire Industries' anticipated listing price was ₹332 per share, or 29.69% higher than the IPO price of ₹256.
The "grey market premium" represents the amount that investors are ready to pay over the issue price.
Details about the Bansal Wire IPO
The ₹745 crore Bansal Wire IPO consists of a new issuance of 29,101,562 equity shares. The offer-for-sale (OFS) component is absent.
The main aims of the company are described in its memorandum of association, together with auxiliary and incidental purposes that help to achieve them. The aforementioned objectives enable the corporation to: (i) execute its ongoing business activities; and (ii) execute the projects that are recommended to be funded using the net revenues.
SBI Capital Markets Limited and Dam Capital Advisors Ltd (formerly Idfc Securities Ltd) are the book-running lead managers of the Bansal Wire IPO, while Kfin Technologies Limited is the issue's registrar.
