The Bansal Wire IPO share allotment is set to be finalized today, July 8, following an impressive investor response with a 59.57 times subscription rate. The refund process for unallocated shares will commence on July 9, and the listing date is scheduled for July 10.
Bansal Wire IPO Allotment Date
The Bansal Wire IPO share allotment will be finalized today (Monday, July 8). Investors who applied for the Bansal Wire Industries IPO can check their allotment status on the registrar’s portal, Kfin Technologies Ltd. The subscription period opened on Wednesday, July 3, and closed on Friday, July 5. By the end of the last bidding day, the issue saw significant interest from qualified institutional buyers (QIBs) with a 146.05 times subscription, non-institutional investors (NIIs) with 51.46 times, and retail investors with 13.64 times, resulting in an overall subscription rate of 59.57 times.
Allotment and Refund Process
Investors can determine their share allotment and allocation basis through the registrar’s portal. For those who did not receive shares, the refund process will begin on Tuesday, July 9, while allocated shares will be credited to investors’ demat accounts on the same day. The Bansal Wire IPO listing date is set for Wednesday, July 10.
How to Check Allotment Status
To check the allotment status online, visit the IPO registrar, Kfin Technologies Ltd’s website. Follow these steps:
- Click the provided allotment status link: Bansal Wire IPO Allotment Status
- Select Bansal Wire IPO from the “Select IPO” drop-down menu.
- Enter your application number, Demat account, or PAN, and the captcha code.
- Click “Submit” to view your allotment status.
Check Allotment Status on BSE
- Visit the BSE official website’s allotment page: BSE Allotment Status
- Choose ‘Equity’ under ‘Issue Type’.
- Select ‘Bansal Wire IPO’ from the drop-down menu.
- Enter your application number or PAN.
Check Allotment Status on NSE
- Visit the NSE official website: NSE Allotment Status
- Register with your PAN by clicking the ‘Click here to sign up’ option.
- Enter your password, user name, and captcha code.
- Check your IPO allocation status on the next page.
Bansal Wire IPO GMP Today
The grey market premium (GMP) for Bansal Wire IPO today is +76, indicating a premium of ₹76 in the grey market. The expected listing price is ₹332 per share, which is 29.69% higher than the IPO price of ₹256, considering the top end of the IPO pricing band and the current GMP.
Bansal Wire IPO Details
The IPO, worth ₹745 crore, includes a fresh issue of 29,101,562 equity shares with no offer-for-sale (OFS) component. The company’s objectives, as outlined in its memorandum of association, include continuing current commercial operations and executing projects funded by the net proceeds.
The book-running lead managers for the this company IPO are SBI Capital Markets Limited and Dam Capital Advisors Ltd, with Kfin Technologies Limited serving as the issue’s registrar.
Disclaimer: The views and recommendations provided are those of individual analysts, experts, and broking companies, not of karendatto. Investors are advised to consult certified experts before making any investment decisions.
FAQs on Bansal Wire IPO Allotment
When will the Bansal Wire IPO allotment be finalized?
The Bansal Wire IPO share allotment will be finalized on July 8, 2024.
How can I check my IPO allotment status?
You can check your allotment status on the registrar’s portal, Kfin Technologies Ltd, by following the steps provided on their website. You can also check the status on the BSE and NSE websites.
What happens if I did not receive any shares in the Bansal Wire IPO?
If you did not receive any shares, the refund process for unallocated shares will start on July 9, 2024. The refunded amount will be credited to your bank account linked to the IPO application.
When will the Bansal Wire IPO shares be listed?
The Bansal Wire IPO shares are scheduled to be listed on July 10, 2024.
