Here are key details about the upcoming Bansal Wire Industries IPO:
- Subscription Dates: The IPO opens for subscription on Wednesday, July 3, and closes on Friday, July 5.
- Price Band: Bansal Wire IPO is priced between ₹243 to ₹256 per equity share of face value ₹5.
- Lot Size: The lot size for the IPO is 58 equity shares and multiples of 58 shares thereafter.
- Anchor Investors: Allocation to anchor investors took place on Tuesday, July 2.
- Offer Details: The IPO consists entirely of a fresh issue of 29,101,562 equity shares, totaling ₹745 crore, with no offer for sale (OFS) component.
- Objective: Funds raised will be used for ongoing business activities and proposed projects outlined in the company’s memorandum of association.
- Listing: Basis of share allocation is expected to be finalized on Monday, July 8, with refunds processed from Tuesday, July 9. Shares are likely to be listed on BSE and NSE on Wednesday, July 10.
- Lead Managers and Registrar: SBI Capital Markets Limited and Dam Capital Advisors Ltd are the book running lead managers, with Kfin Technologies Limited serving as the registrar.
- Reservation: 15% for non-institutional investors, 50% for qualified institutional buyers, and a minimum of 35% for retail investors.
- Grey Market Premium: The current grey market premium (GMP) for Bansal Wire IPO is +65, indicating a premium of ₹65 over the IPO price.
Disclaimer: Investors are advised to consult with financial experts before making investment decisions based on the grey market premium or other speculative information.