Bansal Wire Industries IPO
Bansal Wire Industries Limited (BANSALWIRE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 10 July 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +31.7% (likely range +15% to +54%), day's high +42.6%, chance of a gain 97%. Actual: +39.1% at the open, +45.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 61,31,687 | 89,55,04,630 | 146x | |
| NII (HNI) total | 45,98,766 | 23,66,60,068 | 51.5x | |
| Big NII (above ₹10 lakh) | 30,65,844 | 16,08,34,638 | 52.5x | |
| Small NII (₹2-10 lakh) | 15,32,922 | 7,58,25,430 | 49.5x | |
| Retail | 1,07,30,453 | 14,63,59,056 | 13.6x | |
| Total | 2,14,60,906 | 1,27,85,23,754 | 59.6x |
Bids on NSE and BSE together, as published by NSE, as of 05 Jul 2024, 07:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Bansal Wire Industries's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
| INOX IndiaDec 2023 | 148x | 53.2x | 15.3x | 61.3x | ₹1,459 Cr | +43.9% | +50.0% |
| Rashi PeripheralsFeb 2024 | 144x | 62.8x | 10.4x | 59.7x | ₹633 Cr | +9.2% | +10.2% |
| SBFC FinanceAug 2023 | 193x | 49.1x | 11.0x | 70.2x | ₹1,082 Cr | +43.9% | +67.5% |
| Innova CaptabDec 2023 | 117x | 64.9x | 17.1x | 55.3x | ₹577 Cr | +0.9% | +21.1% |
| Senco GoldJul 2023 | 181x | 65.0x | 15.5x | 73.4x | ₹427 Cr | +35.6% | +40.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| SBI Capital Markets | 56 | +16.7% | 61% |
| DAM Capital Advisors | 37 | +13.6% | 59% |
Offer documents (NSE)
Frequently asked
What is the Bansal Wire Industries IPO price band and lot size? ₹243–256 per share, with a lot of 58 shares, so the smallest retail bid is ₹14,848.
How many times has it been subscribed? 59.6x overall: QIB 146x, NII 51.5x, retail 13.6x.
How did it list? It opened at ₹356, +39.1% against the issue price of ₹256, and closed its first day +36.9%.
