WEB Bansal Wire IPO: Listing Date, Price Band, and More

Breaking News:

The WEB Bansal Wire Initial Public Offering (IPO) is expected to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Wednesday, July 10, 2024.

Details:

* Price band: ₹243-256 per equity share * Issue size: ₹400 crore * Opening date for subscription: July 4, 2024 * Closing date for subscription: July 6, 2024 * Lot size: 60 equity shares The IPO received strong demand from retail and non-institutional investors on the first day of subscription, while the Qualified Institutional Buyer (QIB) portion remained unsubscribed. The issue is aimed at funding the company's expansion plans and working capital requirements. Bansal Wire Industries is a leading manufacturer of specialty steel wires used in various industries, including automotive, construction, and agriculture. The company has a nationwide distribution network and a strong market presence.