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Bansal Wire was listed on the stock exchange on 10-07-2024. The IPO was subscribed 62.76x. The last GMP for Bansal Wire IPO was ₹70, updated on Jul 10th 2024 10:24 AM. As per the last GMP, the expected profit/loss for the IPO was 27.34%.

The issue price of Bansal Wire IPO (BANSALWIRE,544209) was ₹256.00, listed at a price of ₹356.00, which is 39.06% higher than the allotment price.

The expected IPO listing price as per grey market was ₹326, listed above GMP price and marked as positive listing for GMP.

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

Bansal Wire Day-wise IPO GMP Trend

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing PriceLast Updated
10-07-2024 Listing256.00₹70 3100/43400₹326 (27.34%)10-Jul-2024 9:24
09-07-2024 256.00₹70 3100/43400₹326 (27.34%)9-Jul-2024 23:31
08-07-2024 Allotment256.00₹70 3100/43400₹326 (27.34%)8-Jul-2024 23:23
07-07-2024 256.00₹76 3400/47600₹332 (29.69%)7-Jul-2024 23:26
06-07-2024 256.00₹76 3400/47600₹332 (29.69%)6-Jul-2024 23:30
05-07-2024 Close256.00₹76  3400/47600₹332 (29.69%)5-Jul-2024 23:27
04-07-2024 256.00₹60 2600/36400₹316 (23.44%)4-Jul-2024 23:23
03-07-2024 Open256.00₹60 2600/36400₹316 (23.44%)3-Jul-2024 23:29
02-07-2024 256.00₹66  2900/40600₹322 (25.78%)2-Jul-2024 23:24
01-07-2024 256.00₹65  2900/40600₹321 (25.39%)1-Jul-2024 23:26
30-06-2024 256.00₹60 2600/36400₹316 (23.44%)30-Jun-2024 23:28
29-06-2024 256.00₹60  2600/36400₹316 (23.44%)29-Jun-2024 23:32
28-06-2024 256.00₹0 --₹256 (0%)28-Jun-2024 23:27
27-06-2024 ₹0 --₹ (0%)27-Jun-2024 11:32

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IPO grey market premium (GMP)

The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market prior to its listing. The GMP reflects how a particular company’s IPO issue might react on the day of listing. A positive GMP premium signals that the IPO is likely to be at profit while a negative GMP indicates that the IPO is likely to be at a discount.

It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Bansal Wire IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Bansal Wire IPO or not.

Bansal Wire IPO Dates

Latest and updated information on Bansal Wire IPO. Dates will be updated as they are announced.

IPO Activity Date
IPO Open Date 03-07-2024
IPO Close Date 05-07-2024
Basis of Allotment
Finalisation Date*
08-07-2024
Refunds Initiation* 09-07-2024
Credit of Shares
to Demat Account*
09-07-2024
IPO Listing Date* 10-07-2024

* - Tentative Dates

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DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Readers must consult a qualified financial advisor before making any actual investment decisions based on the information published herein. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks. The author does not intend to invest in this offering.

Last Updated on Jul 10th 2024 09:24 AM

FAQs

The Current GMP of Bansal Wire IPO is ₹70 . The Bansal Wire IPO GMP (Grey Market Premium) is the rate of premium, on which, the IPO is trading in the grey market or over-the-counter (OTC) market or off-exchange trading between two persons. The GMP price last updated on Jul 10th 2024 09:24 AM.

 

The estimated listing price for Bansal Wire IPO is ₹326 which is approx 27.34% gain. The latest GMP of Bansal Wire IPO is ₹70. The GMP price last updated on Jul 10th 2024 09:24 AM.

 


User Reviews

1. BAJRANG LAL JAIN Jul 06 2024 01:22:23 PM Reply
RISK FACTORS IN IPO OF BANSAL WIRE IND.
Factories and office premises of the Co. are on lease hold lands. Funds will be used for repayment of loan and for working capital purpose, not for any capex. Company and its subsidiaries has outstanding tax demands of Rs.123.40 Millions as Contingent Liabilities. During F.Y. 2023-24, Sales to Related Parties were Rs.2910.27 Millions. Sales is stagnant. Margin very low as compared to others. Capital was increased by promoters by way of issue of bonus shares of Rs.546.23 Millions just before issue of IPO in Dec. 2023. Paid up value was also splitted into Rs.5/- per share. During last 4 years, 3 auditors have resigned. Every year there was a new auditor of the Co. Moreover auditor firms are local and not so renowned. Reliability of financial data raise eyebrows due to frequent change in auditors of the Co. RoNW is at decreasing trend over the years. At current GMP of Rs.76/-, P.E. Ratio comes to 53.72 at Pre- Issue Capital and 66 at Post Issue Capital which is very high compared to other players. PE Ratio of Rajratan Global Wire Ltd. is 41.68, D.P. Wires Ltd. 18.94 and Bedmutha Ind. Ltd. 37.52. Assuming PE Ratio of 42 and Pre Issue EPS of 6.18 of the Co., Share Price should be Rs.260/- and on Post Issue EPS of 5.03, Share Price should be Rs.211/- per share which are much higher to Issue Price ( Rs.256/-) plus current GMP (Rs.76/-) at Rs.332/- per Share.