Bansal Wire IPO: Check Allotment Status and Key Details

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6 months ago

Bansal Wire IPO Second Day Of Bidding Today: Buy or Not? — *Image: Bansal Wire*

Bansal Wire IPO: Check Allotment Status and Key Details

Bansal Wire is a major player in the stainless steel wire production industry. The company was founded with a purpose to deliver high-quality wire solutions and has made great progress in the sector.

Key Segments

High Carbon Steel Wire
Low Carbon Steel Wire (Mild Steel Wire)
Stainless Steel Wire

Bansal Wire IPO Details

IPO Opening and Closing Dates

The IPO opened for bidding on July 3 and will close on July 5, 2024.

IPO Size and Shares Offered

Bansal Wire plans to raise Rs 745 crore by issuing 29.1 million new shares.

Price Band

The IPO price band is established between Rs 243 and Rs 256 per equity share.

Minimum Investment Requirements

Retail Application

The minimum investment for retail investors is one lot of 58 shares, which equals Rs 14,848.

Small and Big NII Investments

Small NIIs: 14 lots of 812 shares.
Big NIIs: 68 lots of 3,944 shares.

Book Running Lead Managers (BRLMs)

The BRLMs for Bansal Wire’s IPO are SBI Capital Markets and Dam Capital Advisors (formerly IDFC Securities).

Step-by-Step Guide to Check Allotment Status

Step 1: Visit the Registrar’s website.

Visit the registrar’s website, Kfin Technologies.

Step 2: Navigate to IPO Allotment Status.

Hover over the ‘Products’ button until a drop-down menu appears. Then, under the ‘Investors’ section, select the IPO allotment status.

Step 3: Select a link.

Choose any one of the provided links.

Step 4: Enter Details

Fill up your information, including the company name, account number/D’mat account/PAN number, and the captcha code.

Step 5: Submit and view allotment status.

Once you click the submit button, a screen will appear with your allotment status.

Expected Listing Date

According to the tentative plan, Bansal Wire is set to float on the NSE and BSE mainboard segments on July 10.

Conclusion

Bansal Wire’s initial public offering (IPO) is an excellent opportunity for investors wishing to invest in a market leader in stainless steel wire manufacturing. With a strong business strategy and good growth prospects, the company is well positioned to make a substantial impact. The simple methods indicated above allow investors to simply monitor the status of their allotments.