Bansal Wire Industries IPO Subscription Status, Rate

Bansal Wire Industries IPO Allotment Status

Bansal Wire Industries IPO Subscription Status: Bansal Wire Industries IPO is Open on 3 July, 2024 and Close on 5 July, 2024. Bansal Wire Industries IPO to Raise 29,101,562 Shares (Approx ₹745.00 Cr) via IPO. The Fresh Issue of 29,101,562 shares (Approx ₹745.00 Cr).

  • The Retail Quota is 35%
  • QIB is 50%
  • NII is 15%

Bansal Wire Industries IPO is an Mainline IPO and Listed on NSE & BSE. Bansal Wire Industries IPO Price Band is Fixed at ₹256 Equity Share. Bansal Wire Industries IPO Lot Size is 58 Shares.

About Bansal Wire Industries IPO :

  • Bansal Wire Industries are the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume in India with a production of 72,176 MTPA and 206,466MTPA, respectively, in Fiscal 2023, representing 20% and approximately 4% Market share, respectively.
  • Our Company was incorporated in the year 1985 and since incorporation, we have consistently delivered quality products, creating a niche identity in the steel wire industry. With a legacy of 38 years, we take pride in our diversified portfolio, catering to a wide range of sectors such as automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture, and auto replacement. We are an established player in the steel wire manufacturing business on account of the following.

Bansal Wire Industries IPO Subscription Status, Rate bid times

Inv Category Shares Reserved No. of Shares bid for No. of Times (Subscription)
Qualified Buyers (QIBs) 58,20,313 89,55,04,630 153.86
Non Institutional Buyers (NIIs) 43,65,234 23,66,59,256 54.21
BNII 29,10,157 16,08,34,638 55.27
SNII 14,55,078 7,58,24,618 52.11
Retail Individual Buyers (RIIs) 1,01,85,547 14,63,58,534 14.37
Total 2,03,71,094 1,27,85,22,420 62.76

Bansal Wire Industries Subscription Status day-by-day-

Categories 3 June 4 June 5 June
QIB 0.01 0.10 153.86
NII 2.59 12.84 54.21
RII 2.65 6.57 14.37
Total 1.88 6.05 62.76

Bansal Wire Industries Investor Categories

  • Qualified Institutional Buyers (QIB).
  • Non- Institutional Investors (NII).
  • Retail individual Investors (RII).
  • Employee (EMP).
  • Others (Eligible Shareholders).

Who Is QIB In IPO?

QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.

Who Is NII In IPO?

NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.

Who Is RII In IPO?

RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.

Who Is EMP In IPO?

“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).

Bansal Wire Industries Review From MoneyMintIdea –

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