Introducing Bansal Wire Industries

Bansal Wire IPO Opens for Subscription on July 3, 2024: A Closer Look

Introducing Bansal Wire Industries

Bansal Wire Industries, a leading manufacturer of steel wires, is set to make its debut on the stock market with its Initial Public Offering (IPO) opening for subscription on July 3, 2024. The company aims to raise approximately ₹745 crores through this offering.

IPO Details

The Bansal Wire IPO comprises a fresh issue of 291 million shares with a price band of ₹243-256 per share. The offer opens on July 3 and closes on July 5, 2024. Eligible investors can apply for the issue in lot sizes of 55 shares or multiples thereof. The allotment for the Bansal Wire IPO is expected to be finalized on July 8, 2024, while the listing of shares is tentatively scheduled for July 12, 2024. The company plans to utilize the proceeds from the IPO for expansion, working capital requirements, and debt repayment.