Bansal wires IPO is a Book Built Offer of 745crores and is entirely a Fresh Issue. Bansal Wire IPO Price band is set at 243rs to 256rs per Share. Minimum lot for Application is 58 Shares.
IMPORTANT DATES FOR BANSAL IPO:
Bansal wire IPO opens for subscription on 03rd Jul 2024 and Closes on 05th Jul 2024.Allotment for Bansal wire ipo is Expected on 08th Jul 2024 and tentative listing in BSE, NSE will be on 10th Jul 2024.
Bansal wire IPO Offers 20% to QIB,30% to Anchor Investors,15% to NII and 35% to Retail Investors.
GREY MARKET PREMIUM OF BANSAL IPO:
According to Unlisted Arena, Bansal wire is trading at a Premium of 22% to Issue Price. MP varies on day-to-day basis.
FINANCIALS OF BANSAL IPO:
During the FY2022-24, Revenue and profit have increased gradually and borrowings too.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,264.01 | 749.05 | 695.48 |
| Revenue | 2,470.89 | 2,422.57 | 2,205.07 |
| Profit After Tax | 78.80 | 59.93 | 57.29 |
| Net Worth | 422.37 | 282.51 | 223.01 |
| Reserves and Surplus | 358.64 | 273.41 | 213.91 |
| Total Borrowing | 681.14 | 422.19 | 413.15 |
CONCLUSION:
The pricing of the IPO Issue is aggressive, trader can subscribe for listing gains as there are listed companies with low PE available in Market.