Bansal Wire Industries IPO - Lists 39.06% up on NSE; 37.52% up on BSE

Strong listing for Bansal Wire Industries IPO in NSE

Bansal Wire Industries had a strong listing on 10th July 2024, listing at ₹356.00 per share, a premium of 39.06% over the issue price of ₹256 per share. Here is the pre-open price discovery for the Mainboard IPO of Bansal Wire Industries on the NSE as of 9.50 am.

PRE-OPEN ORDER COLLECTION SUMMARY

Data Source: NSE

The mainboard IPO of Bansal Wire Industries was a book built IPO with a price band of ₹243 to ₹256 per share. The price was discovered at the upper end of the band at ₹256 per share after a robust subscription response of over 62X and the anchor allocation also happening at the upper band of ₹256 per share, a day ahead of the IPO opening. On 10th July 2024, the stock of Bansal Wire Industries listed on the NSE Mainboard segment at a price of ₹356.00 per share, a premium of 39.06% over the IPO issue price of ₹256. For the day, the upper circuit price has been set at ₹391.60 and the lower circuit price has been set at ₹320.40. 

As of 10.17 am, the volumes were 168.54 lakh shares while the turnover (value) was at ₹596.08 crore on NSE. The stock has a face value of ₹5 per share and the applicable margin rate is 25.00%. The opening market cap of the stock stands at ₹5,345 crore. The stock will be traded in the EQ series with delivery and intraday trades permitted, but part of the rolling segment cycle of the NSE.  Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors. At 10.17 am, it is trading lower at ₹341.40 per share; which is -4.10% below the listing price. The stock of Bansal Wire Industries trades with the following symbols; NSE Code (BANSALWIRE), BSE Code (544209), and the shares have been credited to the demat accounts of allottees under the designated ISIN (INE0B9K01025)

How Bansal Wire Industries listed on BSE?

Here is a quick price discovery summary of Bansal Wire Industries on the Bombay Stock Exchange (BSE) on the day of listing, 10th July 2024. The pre-IPO period ends at 9.50 am and actual trading on the IPO stock starts at 10.00 am on listing day.
 

PRE-OPEN ORDER COLLECTION SUMMARY

Data Source: BSE

The Mainboard IPO of Bansal Wire Industries was a book built IPO priced at the upper end of the band at ₹256 per share. On 10th July 2024, the stock of Bansal Wire Industries listed on the BSE mainboard segment at a price of ₹318.10 per share, a premium of 13.20% over the IPO issue price of ₹256. For the day, the upper circuit price has been set at ₹387.25 and the lower circuit price has been set at ₹316.85. As of 10.18 am, the volumes were 17.12 lakh shares while the turnover (value) was at ₹60.51 crore on BSE. The stock has a face value of ₹5 per share. The stock will be traded in the regular EQ segment of the BSE in T+1 settlement cycle. The market cap of the stock stands at ₹5,332 crore while the free float market cap of the stock stands at ₹693 crore. At 10.18 am, the stock is trading -3.61% lower at ₹339.35 per share on the BSE.