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Bansal Wire Industries Limited IPO GMP Today, Price Range and Company Details

Bansal Wire Industries Limited IPO commands ₹65 grey market premium (GMP), priced ₹243 to ₹256 per share with a lot size of 58 shares. Subscription window open from July 03 to July 05, 2024.
Bansal Wire Industries Limited IPO GMP Today, Price Range and Company Details

You can apply for the Bansal Wire Industries Limited IPO at Alice Blue in just a few clicks!As of July 01, 2024, Bansal Wire Industries IPO has ₹65 as Grey Market Premium, with a price band of ₹243 to ₹256 per share. Offering lots of 58 shares, the subscription window is open from July 03 to July 05, 2024.

Bansal Wire Industries IPO GMP Today

The Grey Market Premium (GMP) for Bansal Wire Industries IPO is ₹65 as of July 01, 2024. This assessment coincides with a price range of ₹243 to ₹256 per share for the IPO.

Bansal Wire Industries Limited IPO Review

Bansal Wire Industries shows mixed financial performance. Revenue grew from ₹21,983.58 million in 2022 to ₹24,660.31 million in 2024. Profitability improved, with PAT rising from ₹572.90 million to ₹787.98 million, and EPS increasing from ₹4.58 to ₹6.18. However, RoNW decreased from 25.69% to 18.27%. While total assets grew, the company faced liquidity challenges and slower inventory turnover, indicating potential operational issues.

Bansal Wire Industries Limited IPO Date

Bansal Wire Industries Limited IPO will start accepting subscriptions from July 03, 2024, to July 05, 2024

Bansal Wire Industries Limited IPO Price

Bansal Wire Industries Limited IPO price range is  ₹243 to ₹256 per share with a face value of ₹5 each.

Bansal Wire Industries Limited 

Bansal Wire Industries, with its subsidiary, manufactures over 3000 SKUs of steel wires from four facilities, focusing on northern and western India. Their product range spans 0.04mm to 15.65mm in various grades. They source raw materials from top suppliers, ensuring quality and competitive pricing for their diverse steel wire offerings.

How To Apply For Bansal Wire Industries Limited IPO?

To apply for the Bansal Wire Industries Limited IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Bansal Wire Industries Limited on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

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