Bansal Wire Industries IPO: Next week is going to be very busy for investors in terms of IPOs. Bansal Wire’s IPO will open during this period. The company’s IPO will open to retail investors on July 3. Investors will have until July 5 to bet on the IPO. Let us tell you that the size of the company’s IPO is 745 crore rupees. Anchor investors (large investors) will be able to invest in Bansal Wire’s IPO on July 2.
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The price band of Bansal wire is Rs. 243 to Rs. 256
The price band of this IPO has been fixed at Rs 243 to Rs 256 per share. The company has created one lot of 58 shares. Due to which investors have to invest at least Rs 14,848. Let us tell you that the investors who bet on Bansal Wire will be allotted shares on July 8.
The company will be listed on both BSE-NSE
The company’s IPO will be entirely based on new shares. The company will issue 2.91 crore new shares through IPO. Let us tell you that the company will be listed on both BSE and NSE.
Increase in GMP
Gray market IPOs have performed well today. The company’s IPO is available in the gray market at a premium of Rs 50. Earlier the IPO of the company was Rs. were trading at a premium of 0. If this trend continues, the shares of the company will be Rs. More than 300 can be listed.
50 percent of the IPO will be reserved for qualified institutional buyers. Whereas, 35 percent has been reserved for retail and 15 percent for non-institutional investors.
Talking about the promoters of the company, Arun Gupta, Anita Gupta, Pranav Gupta and Arun Kumar Gupta are HUF. Together they hold 95.78 percent stake.