Date of the Bansal Wire Initial Public Offering (IPO): Today, Monday, July 8, is the final day of the IPO share allocation. The Kfin Technologies Ltd. registrar’s webpage allows investors who applied for the Bansal Wire Industries IPO to view the status of their allotment. The steel wire manufacturer’s subscription period ran from Wednesday, July 3, to Friday, July 5. The issue received a strong response by the end of the last bidding day, with qualified institutional buyers (QIBs) responding 146.05 times, non-institutional investors (NIIs) responding 51.46 times, and retail investors following with 13.64 times. On the third day, there were 59.57 subscriptions to the Bansal Wire IPO.
If the basis of allocation is identified, investors can ascertain if they have been allotted shares and if so, in what proportion. A further factor to consider in the IPO allotment status is the amount of shares supplied. If an applicant does not receive shares, the company will begin the process of refunding them. The individual’s demat account will contain the allotted shares.
The reimbursement process will start on Tuesday, July 9 for those who were not allotted shares. Shares will be deposited into demat accounts on the same day for those who were allotted them.
On Wednesday, July 10, Bansal Wire is expected to go live.
You can monitor the allocation status of the Bansal Wire IPO online right now on the IPO registrar’s website, Kfin Technologies Ltd, if you submitted an application for the offering.
The Bansal Wire IPO allocation link is available here: https://ris.kfintech.com/ipostatus/
First Step:
Clicking on the aforementioned URL will allow you to check the status through five links.
Step Two:
Choose Bansal Wire IPO from the “Select IPO” drop-down option after selecting one of the five available URLs.
Step 3:
Enter your application number, Demat account number, or PAN to view the status.
Step Four:
If you select this option, enter the captcha code after the application number. Hit “Submit.”
– If you select Demat Account, enter the account information and the captcha code. Click “Submit.”
– To access the third option, PAN, enter the PAN number and the captcha code. Click “Submit.”
How to view the BSE allotment status for the Bansal Wire IPO
First Step
Check out the allocation page on the BSE’s official website at https://www.bseindia.com/investors/appli_check.aspx.
Step Two
Select ‘Equity’ from the ‘Issue Type’ menu.
Step Three
Choose the IPO by selecting ‘Issue Name’ from the drop-down option.
Step Four
Enter your PAN or application number.
How to view the NSE’s Bansal Wire IPO allotment status
First Step
Go to https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp, the official website of the NSE.
Step Two
One needs to register with PAN by clicking the ‘Click here to sign up’ option on the NSE website.
Step Three
Enter the captcha code, user name, and password.
Step Four
Verify the status of your IPO allocation on the page that comes next.
IPO GMP for Bansal Wire Industries today
Today’s IPO GMP for Bansal Wire is +76. According to investorgain.com, this shows that the share price of Bansal Wire Industries was selling at a premium of ₹76 on the grey market.
With the high end of the IPO pricing band and the current premium on the gray market taken into consideration, Bansal Wire Industries’ estimated listing price was ₹332 per share, or 29.69% more than the IPO price of ₹256.
A “grey market premium” indicates an investor’s willingness to pay more than the issue price.
Specifics of Bansal Wire’s IPO
29,101,562 equity shares are being issued as part of the new Bansal Wire IPO, which has a value of ₹745 crore. There’s no part that offers something for sale (OFS).
The company’s aims are outlined in its memorandum of association, along with supporting secondary and incidental goals. These objectives enable the business to: (i) operate as it does now; and (ii) carry out the projects that are recommended to be funded using the net proceeds.
As the registrar of the Bansal Wire IPO, Kfin Technologies Limited is in charge of book-running lead managers SBI Capital Markets Limited and Dam Capital Advisors Ltd (formerly Idfc Securities Ltd).
(Disclaimer: The opinions and suggestions mentioned are from individual analysts, experts, and broking firms, not endorsed by Businessuncover. Investors should consult certified experts before deciding on investments.)
