IPO : Bansal Wire Industries Limited
Bansal Wire Industries Limited IPO
| SYMBOL | BANSALWIRE |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Wednesday, July 3, 2024 |
| ISSUE CLOSES ON | Friday, July 5, 2024 |
| ISSUE PRICE | ₹243 to ₹256 per share |
| ISSUE SIZE | Up to Rs.745.00 Crores |
| FACE VALUE | Rs.5 per share |
Bansal Wire IPO is a book built issue of Rs 745.00 crores. The issue is entirely a fresh issue of 2.91 crore shares.
Bansal Wire IPO opens for subscription on July 3, 2024 and closes on July 5, 2024. The allotment for the Bansal Wire IPO is expected to be finalized on Monday, July 8, 2024. Bansal Wire IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, July 10, 2024.
| MINIMUM BID | 58 shares |
| MINIMUM AMOUNT | Rs.14,848 |
| MAXIMUM BID | 754 shares |
| MAXIMUM AMOUNT | Rs.193,024 |
| LISTING DATE | Wednesday, July 10, 2024 |
| LISTING AT | NSE-BSE |
Bansal Wire IPO price band is set at ₹243 to ₹256 per share. The minimum lot size for an application is 58 Shares. The minimum amount of investment required by retail investors is ₹14,848. The minimum lot size investment for sNII is 14 lots (812 shares), amounting to ₹207,872, and for bNII, it is 68 lots (3,944 shares), amounting to ₹1,009,664.
Objects of the Issue (Bansal Wire IPO Objectives)
The company proposes to use the Net Proceeds from the Issue for the following purposes:
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary;
- Funding the working capital requirements of the company and
- General corporate purposes.
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