Synopsis: Bansal Wire Industries debuted on the NSE at Rs.356 per share, a 39.06% premium over its issue price of Rs.256. The strong listing reflects robust demand for the IPO, managed by SBI Capital Markets and Dam Capital Advisors Ltd.
Bansal Wire Industries made a notable entry into the stock market with its shares listed at Rs.356 apiece on the National Stock Exchange (NSE), marking a 39.06% premium over its issue price of Rs.256 per share. This strong debut reflects the robust demand for the company's initial public offering (IPO).
Market Performance
On the Bombay Stock Exchange (BSE), Bansal Wire shares also performed well, opening at Rs.352.05 per share, a 37.52% premium to the issue price. The shares are listed under the 'B' Group of Securities on the BSE.
IPO Details
The impressive listing of Bansal Wire Industries is attributed to the successful management of its IPO by SBI Capital Markets and Dam Capital Advisors Ltd, who served as the book running lead managers. Kfin Technologies acted as the IPO registrar.
Company Background
Bansal Wire Industries is promoted by Arun Gupta, Anita Gupta, Pranav Bansal, and Arun Kumar Gupta HUF. The company's strong debut on the stock market underscores investor confidence in its business prospects.
Conclusion
Bansal Wire Industries' listing with a significant premium highlights the positive market sentiment and strong investor interest. As the company continues to grow, it remains a stock to watch for potential investors.
