Bansal Wire IPO Share Allotment Likely Today; Here's How You Can Check The Status
The IPO of Bansal Wire Industries was subscribed 59.57 times as of 7 p.m. on Friday, the final day of bidding. Find here the steps to check the allotment status on KfinTech and BSE.
On the last day of bidding for the Bansal Wire Industries IPO, the issue was subscribed 59.57 times led by institutional investors who subscribed to the issue 146.05 times. Retail investors subscribed 13.64 times, and non-institutional investors subscribed 51.46 times.
The Rs 745-crore IPO consists of a fresh issue of 2.91 crore shares with no offer-for-sale component. The stainless-steel wire manufacturer has set a price band of Rs 243–256 per share with a face value of Rs 5 apiece for the three-day issue, which closed on Friday. It has already raised Rs 223 crore from anchor investors a day ahead of its IPO. The minimum lot size for retail investors was 58 shares, which required an investment of at least Rs 14,848. For small non-institutional investors, the minimum lot size was 812, a total of Rs 2.07 lakh. The minimum lot size for big non-institutional investors was 3,944; which amounts to more than Rs 10 lakh, according to the RHP.
The allotment for Bansal Wire Industries IPO will be finalised on Monday, July 8.
Investors can check Bansal Wire IPO allotment status on Kfin Technologies Limited and the BSE. Given below is the step-by-step guide to check the allotment status on both these websites.
How to check Bansal Wire IPO allotment status on Kfin Technologies?
Visit the Kfin Technologies website here: https://ris.kfintech.com/ipostatus/.
Click on any of the links displayed to view IPO Allotment Status.
Choose "Bansal Wire Industries Limited" from the drop-down list. (Name will be populated once the allotment is finalised).
Choose one of the three options: Application number, Demat Account number, or PAN ID.
Enter your application number or PAN or DPID.
Complete the 'captcha'.
Click "Submit" button.
View your allotment details.
Download/print the allotment status for your records.
How to check Bansal Wire IPO allotment status on BSE?
Visit the official BSE website: bseindia.com/investors/appli_check.aspx
Click on "Equity" under "Issue Type."
Select "Bansal Wire Industries Limited" from the IPO list.
Enter your application number or PAN number.
Complete the 'Captcha.'
Click on the "Search" button to view your allotment status.
Download/print the allotment status for your records.
Bansal Wire Industries IPO Listing Date
Bansal Wire Industries IPO will list on BSE and NSE with a tentative listing date set for Wednesday, July 10.
Bansal Wire IPO Important Dates
IPO Open Date: Wednesday, July 3
IPO Close Date: Friday, July 5
Basis of Allotment: Monday, July 8
Initiation of Refunds: Tuesday, July 9
Credit of Shares to Demat: Tuesday, July 9
Listing Date: Wednesday, July 10
The IPO of Bansal Wire Industries was the 19th most subscribed IPO of this year.
About Bansal Wire Limited
Bansal Wire Industries Limited, established in December 1985, manufactures stainless steel wire in three different segments: high-carbon steel wire, low-carbon steel wire, and stainless steel wire. The company produces over 3,000 different types of steel wire products and serves over 5,000 customers in a variety of industries including automotive, infrastructure, power and transmission, agriculture, general engineering, hardware, and consumer goods. It not only has a presence in India but also exports its products to more than 50 different countries. The company's export turnover has increased at a compounded annual growth rate of 47.15% during the last three financial years.
