WEB Bansal Wire Industries IPO: All You Need to Know
Strong Response from Investors on Day 1
The initial public offering (IPO) of WEB Bansal Wire Industries has received a strong response from investors, with the retail segment leading the way on the first day of bidding. The IPO opened for subscription on July 3, 2024, and will close on July 5, 2024.
Key Details of the IPO
The issue comprises a fresh equity issue of up to Rs. 745 crore. The price band for the IPO has been set at Rs. 245-256 per share. Bansal Wire Industries has raised Rs. 2235 crore from anchor investors by allocating 8730468 equity shares at a price of Rs. 256 each.
Allotment and Listing
The allotment for the Bansal Wire IPO is expected to be finalized on July 12, 2024. The shares are expected to be listed on the BSE and NSE on July 19, 2024.
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