Bansal Wire IPO allotment on July 8: Steps to check allotment status on BSE, KFinTech

Bansal Wire IPO saw strong investor interest on the final day of bidding on Friday, July 5. The mainboard public issue was booked 59.57 times as investors placed bids for 127.85 crore shares, as against 2.14 crore shares offered for subscription.

The demand was driven by Qualified Institutional Buyers as the category was booked 146.05 times. QIBs placed bids for over 89.55 crore shares, as compared to 61.31 lakh shares set aside for the segment.

The issue was subscribed 51.46 times in the Non-Institutional Investors (NII) category with applications for over 23.66 crore shares, as against 45.98 lakh shares reserved for the segment.

Retail investors placed bids for over 14.63 crore shares, as compared to 14.44 lakh shares reserved for them. The IPO was subscribed 13.64 times in the retail category.

After the successful subscription, the investors are now awaiting the share allotment status, which is likely to be decided on Monday, July 8. Subsequently, shares of Bansal Wire will be credited into the demat accounts of successful bidders on Tuesday, July 9. Refunds for unsuccessful bidders will also be initiated on July 9.

Shares of the company will be listed on the BSE and NSE, with a tentative listing date of July 10.

Investors can check the IPO share allotment status on the NSE, BSE, and registrar Kfin Technology’s websites.

Steps to check Bansal Wire IPO share allotment on BSE:

• Open the official BSE website and click on 'Status of Issue Application' or visit the page at bseindia.com/investors/appli_check.aspx
• Select the equity option
• Choose Bansal Wire Industries from the dropdown list
• Type in your PAN details or application number and submit to check details

Steps to check Bansal Wire IPO share allotment status on registrar's website:

• Go to the official website of IPO registrar, Kfin Technologies, at https://www.kfintech.com/
• Select the 'IPO Allotment Status' option
• Choose any one of the 5 server links displayed on the screen
• On the new page that has opened; go to the 'IPO Allotment Status' section
• Select ‘Bansal Wire Industries’ from the dropdown list
• Enter any one of these- Application Number/Demat Account/PAN.
• Enter the captcha and submit.

Share allotment status will be shown on the screen. However, the details will appear only after the company finalises the allotment status.

Also Read: Emcure Pharma IPO subscribed 67.84 times on Day 3

Bansal Wire IPO objective

Bansal Wire will use the money raised via the public issue for repayment or prepayment of its borrowings. The proceeds will also be used for funding the working capital requirements. Apart from these, the IPO proceeds will also be used for general corporate purposes

About Bansal Wire

Bansal Wire was incorporated in December 1985. It is a manufacturer of stainless steel wires. The company’s product portfolio is divided into high-carbon steel wire, low-carbon steel wire (mild steel wire), and stainless steel wire. The company has a presence in the Indian market and in 50 other countries.

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