Bansal Wire company overview:
Bansal Wire is a stainless steel wire manufacturing company operating in three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. The company opened its IPO for bidding on July 03 and closed the subscription on July 05. The issue will be finalized by the registrar on July 08.
Step-by-Step Guide to Check Allotment Status
Step 1:
Go to the website of the registrar. For this IPO, Kfin Technologies is the registrar.
Step 2:
Hover over the ‘Products’ button and wait for a drop-down menu. Click on the IPO allotment status in the ‘investors’ section.
Step 3:
Choose any one of the provided five links.
Step 4:
Fill in your details: company’s name, account number/Demat account/PAN number, and captcha code.
Step:
Hit the submit button, and a screen will appear with the status of your allotment.
Listing Information
As per the tentative schedule, the listing of the company will take place on July 10 on the NSE and BSE mainboard segments.
Bansal Wire IPO Details
IPO Size:The company opened the IPO to raise Rs 745 crore by offering 29.1 million fresh shares.
Price Band:The IPO price band was set between Rs 243 to Rs 256 per equity share.
Minimum Investment
Retail Application:Minimum investment was at least one lot of 58 shares, amounting to Rs 14,848.
Small NIIs: Minimum lot size was 14 lots of 812 shares.
Big NIIs: Minimum lot size was 68 lots of 3,944 shares.
