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Bansal Wire IPO Attracts Diverse Interest on Day 2, Subscriptions Hit 5.72x!

Bansal Wire Industries IPO had mixed Day 2 results, with QIBs at 0.09x, NIIs at 12.16x, and RIIs at 6.18x, leading to a total subscription rate of 5.72x.
Bansal Wire IPO Attracts Diverse Interest on Day 2, Subscriptions Hit 5.72x!

Bansal Wire Industries IPO saw varied subscription levels on Day 2: QIBs subscribed at 0.09 times, Non-Institutional Investors at 12.16 times, and Retail Individual Investors at 6.18 times, resulting in a total subscription of 5.72 times.

Investor CategorySubscription (times)Shares OfferedShares Bid For
QIB Investors0.0961,31,6875,80,116
HNIs / NIIs12.1645,98,7665,59,12,464
Retail Investors6.181,07,30,4536,63,20,390
Employee Quota100
Total5.722,14,60,90612,28,12,970

Source: NSE

How To Check Bansal Wire Industries Limited IPO Subscription Status?

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Bansal Wire Industries Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Bansal Wire Industries IPO Allotment Status

The allotment date for the Bansal Wire Industries IPO is set for July 8, 2024, with shares priced at a range of ₹243 to ₹256 per share and a face value of ₹ 5. The offering consists of lots of 58 shares, with bids accepted for these lots or their multiples. 

Bansal Wire Industries Limited IPO Listing Date 

Bansal Wire Industries IPO is expected to be listed on the NSE SME on July 10, 2024.

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