The Bansal Wire IPO minimum market lot is 58 shares with ₹14,848 application amount. The Bansal Wire IPO is a Mainline IPO, and it is to be listed on BSE and NSE.
Bansal Wire is the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume in India with a production of 72,176 MTPA and 206,466 MTPA, respectively, in Fiscal 2023, representing 20% and approximately 4% market share, respectively. (Source: CRISIL Report) The Company was incorporated in the year 1985 and since incorporation, they have consistently delivered quality products, creating a niche identity in the steel wire industry. With a legacy of 38 years, they take pride in their diversified portfolio, catering to a wide range of sectors such as automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture, and auto replacement.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Bansal Wire IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.01 | 0.10 | 153.86 |
| NII | 2.59 | 12.84 | 54.22 |
| bNII | 2.00 | 11.52 | 55.27 |
| sNII | 3.76 | 15.45 | 52.11 |
| RII | 2.65 | 6.57 | 14.37 |
| Total | 1.88 | 6.06 | 62.76 |
Bansal Wire IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Bansal Wire IPO Review
- May Apply
Bansal Wire IPO Form
How to apply for the Bansal Wire IPO? You can apply for Bansal Wire IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Bansal Wire IPO in the Invest section. The other option is you can apply for Bansal Wire IPO via IPO forms downloaded online. Check out the Bansal Wire forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
