The Bansal Wire IPO GMP is set to open on July 3, aiming to raise ₹745 crores. The price band for this Mainline IPO is set between ₹243 and ₹256, with a market lot of 58 shares. Bansal Wire is the largest stainless steel wire manufacturer and the second-largest steel wire manufacturer by volume in India, with production volumes of 72,176 MTPA and 206,466 MTPA, respectively, in Fiscal 2023. This represents a market share of 20% and approximately 4%, respectively, according to the CRISIL Report. Incorporated in 1985, Bansal Wire has consistently delivered quality products, establishing a strong presence in the steel wire industry.
The last GMP for the Bansal Wire IPO was ₹76, updated on July 6th, 2024, at 06:03 AM. With a price band of ₹256.00, the estimated listing price for the Bansal Wire IPO is ₹332 (cap price + today’s GMP). This indicates an expected percentage gain/loss per share of 29.69%.
Bansal Wire IPO Retail Subject to Sauda: ₹3400
Bansal Wire IPO Small HNI Subject to Sauda: ₹47600
We update the GMP daily, and based on the grey market activities of the last 10 sessions, today’s IPO GMP indicates an upward trend, suggesting a strong listing. The GMP has ranged from ₹0 to ₹76. Stay with us for daily updates on the Bansal Wire IPO GMP and the expected listing price trend.
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Bansal Wire IPO GMP Day-wise
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price |
| 06-07-2024 | 256 | ₹76 | 3400/47600 | ₹332 (29.69%) |
| 05-07-2024 | 256 | ₹76 | 3400/47600 | ₹332 (29.69%) |
| 04-07-2024 | 256 | ₹60 | 2600/36400 | ₹316 (23.44%) |
| 03-07-2024 | 256 | ₹60 | 2600/36400 | ₹316 (23.44%) |
| 02-07-2024 | 256 | ₹66 | 2900/40600 | ₹322 (25.78%) |
| 01-07-2024 | 256 | ₹65 | 2900/40600 | ₹321 (25.39%) |
| 30-06-2024 | 256 | ₹60 | 2600/36400 | ₹316 (23.44%) |
| 29-06-2024 | 256 | ₹60 | 2600/36400 | ₹316 (23.44%) |
| 28-06-2024 | 256 | ₹0 | — | ₹256 (0%) |
Check Also: Emcure Pharmaceuticals IPO GMP 2024
Bansal Wire IPO GMP Dates
Stay updated with the latest information on the Bansal Wire IPO. Dates will be refreshed as soon as they are announced.
| PO Activity | Date |
| IPO Open Date | 03-07-2024 |
| IPO Close Date | 05-07-2024 |
| Basis of Allotment Finalisation Date* | 08-07-2024 |
| Refunds Initiation* | 09-07-2024 |
| Credit of Shares to Demat Account* | 09-07-2024 |
| IPO Listing Date* | 10-07-2024 |
Bansal Wire IPO GMP (Grey Market Premium) FAQs:
What is the Bansal Wire IPO GMP today?
The Bansal Wire IPO GMP is ₹65 as of today.
What is the Bansal Wire IPO Subject to Sauda today?
The Bansal Wire IPO Subject to Sauda is ₹3400 as of today.
What are the expected returns for the Bansal Wire IPO?
The expected returns for the Bansal Wire IPO are 25%.
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