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Bansal Wire Industries IPO Subscribed 1.76 Times, Strong Retail and NII Interest

Bansal Wire Industries Limited's IPO saw varied subscriptions: QIBs at 0.01 times, Non-Institutional Investors at 2.44 times, and Retail Investors at 2.47 times, with an overall subscription rate of 1.76 times.
Bansal Wire Industries IPO Subscribed 1.76 Times, Strong Retail and NII Interest

Bansal Wire Industries Limited’s IPO saw diverse interest levels across investor categories. QIBs subscribed 0.01 times their quota. Non-institutional investors subscribed 2.44 times their allocation. Retail Individual Investors subscribed 2.47 times their portion. Overall, the IPO achieved a subscription rate of 1.76 times.


How To Check Bansal Wire Industries 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 Bansal Wire Industries 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 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 Listing Date

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

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