Bansal Wire IPO GMP 2024

Bansal Wire IPO GMP

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.

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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 DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
06-07-2024256₹76 3400/47600₹332 (29.69%)
05-07-2024256₹76 3400/47600₹332 (29.69%)
04-07-2024256₹60 2600/36400₹316 (23.44%)
03-07-2024256₹60 2600/36400₹316 (23.44%)
02-07-2024256₹66 2900/40600₹322 (25.78%)
01-07-2024256₹65 2900/40600₹321 (25.39%)
30-06-2024256₹60 2600/36400₹316 (23.44%)
29-06-2024256₹60 2600/36400₹316 (23.44%)
28-06-2024256₹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 ActivityDate
IPO Open Date03-07-2024
IPO Close Date05-07-2024
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%.

DISCLAIMER: The financial information published here should not be construed as an offer to buy or sell securities or as financial advice. It is provided for educational and informational purposes only and should not be relied upon for investment decisions. Readers should consult a qualified financial advisor before making any investment decisions based on this information. Any investment decisions made based on this information are solely at the reader’s own risk. Investors should be aware that equity market investments are subject to unpredictable market risks. The author does not intend to invest in this offering.

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