Bansal Wire Industries IPO Listing Date and Expected Listing Price

As the Indian stock market prepares for another exciting day, Bansal Wire Industries, a stainless-steel wire manufacturing company, is set to make its debut on the bourses today, Wednesday, July 10, at 10:00 IST. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in a special pre-open session, allowing trading members to make trades in the ‘B’ Group of Securities list.

Bansal Wire Industries, incorporated in 1985, has three business segments: stainless steel wire, low carbon steel wire, and high carbon steel wire. The company’s financial performance has been impressive, with a PAT (Profit After Tax) of 57.29 in March 2022 and 78.80 in March 2024. The IPO, valued at Rs. 745 crore, received an overwhelming response, with 62.76 subscriptions on its last day of the offering.

Experts are optimistic about the company’s prospects, with Amit Goel, Co-Founder & Chief Global Strategist, Pace 360, predicting a listing price of around ₹330-340 per share, resulting in a listing gain of around 30%. Goel advises investors to book profits post-listing. VLA Ambala, SEBI Registered RA and Co-Founder of SMT Ambala, expects a bumper listing of 42-65% for this IPO, citing the company’s solid financial position and market presence.

Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, notes that despite the operating margin profile expected to remain steady at roughly 6-7%, the company received an overwhelming response from all types of investors. Tapse anticipates a significant increase in the bottom line, driven by financial costs associated with repaying outstanding borrowings from the IPO proceeds. He advises allocated investors to book profits on the day of the anticipated listing.

The grey market premium, which indicates investor willingness to pay over the issue price, is currently at +70, with the expected listing price at ₹326 per share, 27.34% more than the IPO price of ₹256. Analysts at investorgain.com predict a solid listing based on the actions of the past 14 sessions of the grey market, with a lowest GMP of ₹0 and maximum GMP of ₹76.

In conclusion, Bansal Wire Industries is set to make its debut on the Indian stock market today, with experts predicting a strong listing price. Investors are advised to book profits post-listing, while analysts expect a robust listing gain of approximately 25-30% relative to the issue price of ₹256 per share.

Historical Context:

• The Indian stock market has been experiencing a surge in initial public offerings (IPOs) in recent years, with many companies listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
• The IPO market has been driven by the country’s growing economy and increasing investor appetite for stocks.
• The Indian government has been promoting the IPO market through various initiatives, such as the “IPO Reform” and “Ease of Doing Business” initiatives, which aim to simplify the IPO process and reduce regulatory hurdles.

Summary in Bullet Points:

• Bansal Wire Industries, a stainless-steel wire manufacturing company, is set to make its debut on the Indian stock market on July 10.
• The company’s IPO received an overwhelming response, with 62.76 subscriptions on its last day of the offering.
• Experts predict a strong listing price, with Amit Goel expecting a listing price of around ₹330-340 per share, resulting in a listing gain of around 30%.
• VLA Ambala expects a bumper listing of 42-65% for this IPO, citing the company’s solid financial position and market presence.
• Prashanth Tapse anticipates a significant increase in the bottom line, driven by financial costs associated with repaying outstanding borrowings from the IPO proceeds.
• The grey market premium is currently at +70, indicating investor willingness to pay over the issue price.
• Analysts at investorgain.com predict a solid listing based on the actions of the past 14 sessions of the grey market.
• Investors are advised to book profits post-listing, with experts expecting a robust listing gain of approximately 25-30% relative to the issue price of ₹256 per share.
• The company’s financial performance has been impressive, with a PAT (Profit After Tax) of 57.29 in March 2022 and 78.80 in March 2024.
• Bansal Wire Industries has three business segments: stainless steel wire, low carbon steel wire, and high carbon steel wire.
• The company’s shares will be listed on the BSE and NSE in a special pre-open session, allowing trading members to make trades in the ‘B’ Group of Securities list.