Bansal Wire Industries IPO: Next week is going to be very busy for investors in terms of IPO. During this period, Bansal Wire’s IPO will open. The company’s IPO will open for retail investors on July 3. Investors will have till July 5 to place bets on the IPO. Let us tell you, the size of the company’s IPO is Rs 745 crore. Anchor investors (large investors) will be able to invest in the IPO of Bansal Wire on July 2.
Returns up to ₹ 7 lakh on investment of ₹ 10 thousand, these companies will create a stir in 2024
Price band of Bansal Wire 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 made one lot of 58 shares. Because of which investors will have to invest at least Rs 14,848. Let us tell you, investors who bet on Bansal Wire will be allotted shares on July 8.
Company will be listed on both BSE-NSE
The IPO of the company will be completely based on fresh shares. The company will issue 2.91 crore fresh shares through IPO. Let us tell you, the listing of the company will be on both BSE and NSE.
rise in GMP
The performance of IPOs in the gray market has been excellent today. The company’s IPOs are available in the gray market at a premium of Rs 50. Earlier, the company’s IPOs were trading at a premium of Rs 0. If this trend continues then the company’s shares may be listed beyond Rs 300.
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.
