The grey market premium (GMP) for Bansal Wire IPO today is ₹75, up by ₹5 from the weekend's premium of ₹70, according to market observers. This increase is due to positive sentiments in the Indian stock market and the strong subscription status of the Bansal Wire IPO.
Strong Bidding Response
Bansal Wire Industries Limited's IPO, worth ₹745 crore, concluded its bidding on Friday last week. It received a robust response from investors, being subscribed 59.57 times over three days (3rd to 5th July 2024). The breakdown is as follows:
- Retail Investors:13.64 times
- Non-Institutional Investors (NII): 51.46 times
- Qualified Institutional Buyers (QIB): 146.05 times
This strong interest, especially from NII and QIB investors, highlights the widespread appeal of the Bansal Wire IPO.
Key Dates: Allotment and Listing
Based on the 'T+3' listing rule:
- Likely Allotment Date: Monday, July 8th, 2024
- Likely Listing Date: Wednesday, July 10th, 2024
How to Check Bansal Wire IPO Allotment Status
Once the allotment is public, investors can check their status online:
1. BSE Website:
- Visit [BSE Allotment Status](https://www.bseindia.com/investors/appli_check.aspx).
- Enter your details to check the allotment status.
2. KFin Technologies Website:
- Visit [KFin Tech Allotment Status](https://kosmic.kfintech.com/ipostatus/).
- Enter your application details to view your allotment status.
These tools provide a convenient way for bidders to see if they have been allocated shares in the Bansal Wire IPO.