Bansal Wire IPO Day 3 Soars to 59.57x Subscription!

Bansal Wire Industries IPO Day 3: QIBs lead at 146.05x, Non-Institutional Investors at 51.46x, and RIIs at 13.64x, totaling a 59.57x subscription, showcasing a strong market reception.
Bansal Wire IPO Day 3 Soars to 59.57x Subscription!

Bansal Wire Industries IPO on Day 3 witnessed significant subscription levels: QIBs at 146.05 times, Non-Institutional Investors at 51.46 times, and Retail Individual Investors at 13.64 times, accumulating to a total subscription of 59.57 times, indicating a strong market reception.

Investor CategorySubscription (times)Shares OfferedShares Bid For
QIB Investors146.0561,31,68789,55,04,630
HNIs / NIIs51.4645,98,76623,66,60,068
Retail Investors13.641,07,30,45314,63,59,056
Total59.572,14,60,906      1,27,85,23,754

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 IPO Subscription Status

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.

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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