Bansal Wire Industries IPO
Steel Wire/Cable - Listed on 10 July 2024
Bansal Wire Industries IPO listing summary
Bansal Wire Industries (Steel Wire/Cable) closed its IPO window in 2024 and listed on NSE and BSE on 10 July 2024 at an upper band issue price of Rs 256, opening at Rs 356 for a listing gain of +39.1% and closing day one at Rs 350.35 (+36.9% on closing basis). The IPO was subscribed 59.57x overall - QIB 146.05x, HNI/NII 51.46x, Retail 13.63x. The total issue size was Rs 745 Cr (Fresh Issue Rs 745 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Bansal Wire Industries IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 70 | +28.13% |
| Day 2 | Rs 70 | +27.34% |
| Day 3 | Rs 65 | +25.39% |
| Day 4 | Rs 62 | +23.44% |
| Day 5 | Rs 60 | +24.22% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Bansal Wire Industries IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Bansal Wire Industries IPO - FAQs
What was the listing gain of Bansal Wire Industries IPO?
Bansal Wire Industries IPO listed at +39.1% versus the upper issue price of Rs 256 on 10 July 2024.
How many times was Bansal Wire Industries IPO subscribed?
Bansal Wire Industries IPO was subscribed 59.57x overall. QIB portion was subscribed 146.05x, HNI / NII 51.46x and Retail 13.63x.
What was the IPO GMP for Bansal Wire Industries?
IPO GMP started at Rs 70 on Day 1 and moved to Rs 60 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.