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The contented has truthful acold been subscribed implicit 5.73 times connected the 2nd time of bidding. On the 2nd day, the Bansal Wire Industries IPO received 12,28,88,254 applications against offered 2,14,60,906 shares.
Bansal Wire Industries IPO terms set has been fixed successful the scope of ₹243 to ₹256 per equity stock of the look worth of ₹5.(https://bansalwire.com/)The Bansal Wire Industries archetypal nationalist offerings (IPO) opened for subscription connected July 3. The contented has truthful acold been subscribed implicit 5.73 times connected the 2nd time of bidding.
The retail portion, which was booked 6.19 times, received overwhelming effect from the investors connected July 4. Meanwhile, non-institutional investors (NII) and QIB categories were booked 12.16 times and 0.09 times.
On the 2nd day, the Bansal Wire Industries IPO received 12,28,88,254 applications against offered 2,14,60,906 shares.
In the Bansal Wire Industries IPO, up to 50% of the shares successful the nationalist contented are reserved for Qualified Institutional Buyers (QIBs), astatine slightest 15% for Non-Institutional Investors (NIIs), and a minimum of 35% of the connection is reserved for retail investors.
Bansal Wire Industries IPO details
Bansal Wire IPO, valued astatine ₹745 crore, consists solely of a caller contented of 29,101,562 equity shares, without immoderate offer-for-sale (OFS) component.
The institution has acceptable the terms set of ₹243 to ₹256 per equity stock of the look worth of ₹5.
The firm's memorandum of relation delineates its superior objectives and supplementary goals that enactment them. These objectives alteration the institution to: (i) behaviour its existent commercialized operations; and (ii) prosecute projects projected to beryllium funded with the nett proceeds.
SBI Capital Markets Limited and Dam Capital Advisors Ltd (formerly Idfc Securities Ltd) are the publication moving pb managers for the Bansal Wire IPO, with Kfin Technologies Limited acting arsenic the registrar for the issue.
Bansal Wire Industries IPO GMP today
Bansal Wire IPO's Grey Market Premium (GMP) stands astatine +58, indicating that Bansal Wire Industries shares are trading astatine a premium of ₹58 successful the grey market, arsenic reported by investorgain.com.
The expected listing terms for Bansal Wire Industries is ₹314 per share, which represents a 22.66% summation implicit the IPO terms of ₹256. This calculation considers the precocious extremity of the IPO pricing set and the existent premium successful the grey market.
The "grey marketplace premium" reflects capitalist readiness to wage supra the contented price.
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