Bansal Wire Industries Ltd. News and Updates

Name: Latest research reports of Bansal Wire Industries Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Bansal Wire Industries Ltd.
Rating: 3
Author: HDFC Securities

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Bansal Wire Industries Ltd.

03 Jul 2024

330.40

-0.24%

Steel manufacturer Bansal Industries' IPO subscribed 1.76 times on Day 1

Business Standard

The initial public offer of steel wire manufacturer Bansal Wire Industries received 1.76 times subscription on the first day of bidding on Wednesday. The initial share sale received bids for 3,77,76,154 shares against 2,14,60,906 shares on offer, according to NSE data. The quota for Retail Individual Investors (RIIs) got subscribed 2.47 times while the portion for non-institutional investors fetched 2.44 times subscription. The Qualified Institutional Buyers (QIBs) part received 1 per cent subscription. Bansal Wire Industries on Tuesday said it has collected over Rs 223 crore from anchor investors. The public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component. The issue, with a price band of Rs 243-256 per share, will be open for public subscription during July 3-5. Funds will be used for the payment of debt, to support the working capital requirements of the company, and for general corporate purposes. Bansal Wire Indust

Bansal Wire Industries Ltd. is trading below all available SMAs

Bansal Wire Industries Ltd.

02 Jul 2024

330.40

-0.24%

IPO Note-Bansal Wire Industries Limited-03072024

IPO Note: Bansal Wire Industries Ltd.

HDFC Securities

Issue Snapshot: Issue Open: July 03 July 05, 2024 Price Band: Rs. 243 256 *Issue Size: Up to Rs 745.0 cr Reservation for: QIB upto 50% eq sh Non-Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 5 Book value: Rs 33.14 (March 31, 2024) Bid size: - 58 equity shares and in multiples thereof 100% Book built Issue IPO Note-Bansal Wire Industries Limited-03072024

Bansal Wire Industries Ltd. is trading below all available SMAs

Bansal Wire Industries Ltd.

02 Jul 2024

330.40

-0.24%