Bansal Wire IPO Allotment: A Step-by-Step Guide for Investors

As the wait comes to an end, Bansal Wire Industries has finalised the allotment of its Initial Public Offering (IPO) shares today, Monday, July 8. If you had applied for the IPO, you can now check your allotment status on the registrar’s portal, Kfin Technologies Ltd. The steel wire manufacturer received a robust response from investors, with the issue being subscribed 59.57 times on the third day.

Understanding the Allotment Status

To check your allotment status, you need to identify the basis of allocation and the quantity of shares offered. The corporation will initiate the refund process for applicants who did not receive shares. Allotted shares will be credited to your demat account. For those who were not allocated shares, the refund procedure will begin on Tuesday, July 9. Those who received shares will get them in their demat accounts on the same day.

Bansal Wire IPO Listing Date

The IPO listing date is scheduled for Wednesday, July 10. If you have applied for the IPO, you can check your allotment status online on the website of the IPO registrar, Kfin Technologies Ltd.

Step-by-Step Guide to Check Bansal Wire IPO Allotment Status

1. Visit the Kfin Technologies Ltd website at https://ris.kfintech.com/ipostatus/ and click on the link provided.
2. Select Bansal Wire IPO from the “Select IPO” drop-down menu.
3. Enter your application number, demat account, or PAN.
4. Fill in the captcha code and press “Submit.”

Alternatively, you can check your allotment status on the BSE or NSE websites:

BSE Website

1. Visit the BSE official website at https://www.bseindia.com/investors/appli_check.aspx.
2. Choose ‘Equity’ under ‘Issue Type.’
3. Select ‘Issue Name’ and choose the IPO.
4. Enter your application number or PAN.

NSE Website

1. Visit NSE’s official website at https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
2. Register with PAN by clicking the ‘Click here to sign up’ option.
3. Fill in your password, user name, and captcha code.
4. Check the status of your IPO allocation on the next page.

Bansal Wire IPO Details

The IPO, worth ₹745 crore, comprises a fresh issue of 29,101,562 equity shares. The company’s memorandum of association outlines its core objectives, including carrying out its current commercial operations and funding projects with the net proceeds. The book running lead managers of the IPO are SBI Capital Markets Limited and Dam Capital Advisors Ltd, with Kfin Technologies Limited serving as the issue’s registrar.

Bansal Wire IPO GMP

The grey market premium (GMP) for Bansal Wire Industries is +76, indicating that the share price is trading at a premium of ₹76. The expected listing price is ₹332 per share, 29.69% more than the IPO price of ₹256.

Conclusion

With the allotment finalised, investors can now check their status and plan their next move. Remember to keep an eye on the listing date, scheduled for Wednesday, July 10. Stay informed and make informed decisions with this step-by-step guide to checking your Bansal Wire IPO allotment status.

Historical Context:

Bansal Wire Industries is a steel wire manufacturer that has been in operation for several years. The company has been expanding its operations and has now decided to go public with an Initial Public Offering (IPO) to raise funds for its future projects. The IPO was highly subscribed, with the issue being subscribed 59.57 times on the third day, indicating strong demand from investors.

The IPO was launched on July 5 and closed on July 7. The company received a robust response from investors, with the issue being subscribed 59.57 times on the third day. The IPO was priced at ₹256 per share, and the company raised ₹745 crore through the issue.

The allotment of shares has now been finalized, and investors can check their allotment status on the registrar’s portal, Kfin Technologies Ltd. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 10.

Summary in Bullet Points:

• Bansal Wire Industries has finalized the allotment of its Initial Public Offering (IPO) shares.
• The IPO was highly subscribed, with the issue being subscribed 59.57 times on the third day.
• The allotment status can be checked on the registrar’s portal, Kfin Technologies Ltd.
• The company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 10.
• The IPO was priced at ₹256 per share, and the company raised ₹745 crore through the issue.
• The grey market premium (GMP) for Bansal Wire Industries is +76, indicating that the share price is trading at a premium of ₹76.
• The expected listing price is ₹332 per share, 29.69% more than the IPO price of ₹256.
• Investors can check their allotment status by visiting the Kfin Technologies Ltd website, the BSE website, or the NSE website.
• The refund procedure for applicants who did not receive shares will begin on Tuesday, July 9.
• Allotted shares will be credited to the demat account of the applicant on the same day.