BANSAL WIRE IPO GM
Bansal Wire IPO share allotment expected soon. Check status, GMP, listing date and other details
Bansal Wire's IPO saw strong interest with 58 times subscription. Share allotment to be finalized on Monday. Company is the largest stainless steel wire manufacturer in India, catering to various sectors. Unlisted shares trading at a premium of Rs 76.
IPO Calendar: 1 IPO, 5 listings investors need to watch out for next week
Analysts believe that despite a temporary lull, India's strong economic fundamentals and promising growth outlook create an ideal environment for its burgeoning IPO market. They foresee significant investment in public markets and robust demand for both new-age and traditional companies in the coming months.
Bansal Wire IPO booked 59.5 times on last day. Check GMP and other details
The overall subscription stood at 18.78x so far. The categories reserved for NII and QIB investors were subscribed 34 times and 21 times, respectively. Meanwhile, the retail portion of the issue was subscribed the least at 10.54 times.
Emcure Pharmaceuticals IPO booked nearly 5x so far on Day 2. Check GMP and other details
Emcure Pharmaceuticals' IPO has been oversubscribed nearly three times as of Thursday, the second day of bidding. The bidding concludes on July 5. The categories reserved for NII and retail investors were subscribed the most at 13 times and 3.43 times, respectively.
Nephro Care shares list at 90% premium on NSE SME platform
Nephro Care made a strong market debut on NSE SME platform with a 90% premium. The IPO garnered massive investor interest, oversubscribed by over 700 times. The company aims to establish a 100-bed multispeciality hospital in Kolkata using proceeds from the IPO. Nephro Care, led by Dr. Pratim Sengupta, focuses on comprehensive medical services for renal patients.
Effwa Infra and Research IPO opens today: Check issue size, price band, GMP and other details
Effwa Infra and Research IPO is now open for subscription, aiming to raise Rs 51.27 crore. The company offers engineering and project management services in water pollution control. Investors can bid for shares at Rs 78-82 apiece.
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Ganesh Green Bharat IPO opens today: Check issue size, price band, GMP and other details
Ganesh Green Bharat IPO will open for subscription, aiming to raise Rs 125 crore for solar and electrical projects. The company's diversified business model and strong financial performance make it a potential investment opportunity.
Bansal Wire IPO booked 5.72 times on Day 2. Check GMP and other details
Bansal Wire's IPO has been nearly 4 times oversubscribed on its second day, fueled by robust demand from non-institutional and retail investors. The IPO, conducted through the book-building method, reserves 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
Bansal Wire IPO: Should you subscribe to the Rs 745 cr-issue?
Bansal Wire IPO: Bansal Wire's IPO offers 2.19 crore shares, closing on July 5. Analysts recommend high-risk investors consider the IPO at a P/E ratio of 41.41x. The company plans to use funds for debt repayment, with a price band of Rs 243-256 per share.
Bansal Wire IPO sails through on Day 1 on robust NII, retail demand. Check GMP and other details
Bansal Wire's IPO saw strong demand from retail and non-institutional investors on the first day, while the QIB portion remained unsubscribed. Proceeds will be used for debt repayment, working capital, and general corporate purposes.
Bansal Wire IPO offers exposure to domestic manufacturing opportunity
Bansal Wire Industries plans to raise Rs 745 crore through an IPO to reduce debt and meet working capital needs. The company doubled its installed capacity with a Rs 500 crore investment, expecting full benefits this fiscal year. Additionally, the IPO will reduce long-term debt by two-thirds, leading to lower interest expenses. Bansal Wire Industries' EBITDA margin expanded to 6% in FY24, with RoE and RoCE above industry averages.
Ahead of IPO, Bansal Wire Industries garners Rs 223 cr from anchor investors
The company has allocated 87.30 lakh shares to 18 funds at Rs 256 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 223.5 crore, it added. The maiden public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component.
Bansal Wire IPO to open for subscription on Wednesday. Here's what GMP indicates
The company aims to raise approximately Rs 745 crore at the upper end of its price band. Investors can bid for a minimum of 58 shares per lot, with the option to bid in multiples of this lot size. Prior to the IPO subscription, the company's shares were trading at a premium of Rs 65 in the unlisted market.
Bansal Wire IPO opens Wednesday: Here are 10 things to know about the public offer
The IPO of Bansal Wire is scheduled to open for subscription on July 3 and will close on July 5. The company aims to raise approximately Rs 745 crore through this public offering. This IPO consists entirely of a fresh equity sale of 2.91 crore shares, with no OFS component involved. According to market analysts, Bansal Wire currently commands a GMP of Rs 65 in the unlisted market.
IPO Calendar: Primary market gears up for another robust week as 3 companies look to raise Rs 2,700 cr
Apart from the above 3 public offers, the Street will see as many 11 listings including that of Allied Blenders and Vraj Iron and Steel, which received healthy investors' response for their IPOs in the week gone by.
Bansal Wire announces price band for its Rs 745 crore IPO. Check details
Bansal Wire's IPO, priced at Rs 243-256 per share, opens on July 3. In Sep 2023, the company reported revenue of Rs 1154 crore and a profit of Rs 38.9 crore. With strong lead managers onboard, the IPO presents an attractive investment prospect for interested investors.
Hyundai India to Ola Electric: Over Rs 50,000 crore worth planned IPOs likely in next few months
Some of the expected IPOs in the next few months include that of Ola Electric, FirstCry, Fincare SFB, NSDL, Afcons Infrastructure, Waaree Energies, Asirvad Microfinance, Stanley Lifestyles, One MobiKwik Systems, Emcure Pharmaceuticals, Allied Blenders and Distillers, Shiva Pharmachem, Bansal Wire Industries among others.
IPO season is back with more than 2 dozen companies chasing Rs 30,000 crore
India's primary market anticipates a wave of IPOs with over two dozen companies planning to raise ₹30,000 crore. Investor confidence is high with the Modi government's return for a third term, ensuring stable governance and policies.
Travel portal ixigo's parent firm, Bansal Wire Industries get Sebi's go-ahead to float IPO
The Gurugram-based Le Travenues Technology's proposed IPO will be a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP).
FirstCry to refile IPO papers; Lyskraft’s mega seed funding
Happy Friday! Omnichannel retailer FirstCry will refile its IPO papers following queries from Sebi. This came right on the back of Swiggy’s $1.25 billion proposed IPO receiving shareholder nod. This and more in today’s ETtech Morning Dispatch.
Exclusive: Malabar eyes Sugar stake; India’s deep tech policy coming soon
India-focused Malabar Investments is in talks to pick a Rs 80-100 crore stake in Sugar Cosmetics via a secondary deal. This and more in today's ETtech Morning Dispatch.
Bansal Wire Industries files DRHP for Rs 745-crore IPO
The issue is entirely fresh equity of Rs 745 crore with no offer-for-sale component. The public offer is being made through the book-building process, wherein about 50% of the issue is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
Offshore egaming apps try no-GST ploy to woo users; Binny Bansal’s Curefoods push
Offshore entities of Indian real money gaming apps are trying to lure customers with social media ads, promising their bets won’t be taxed under the 28% slab of the Goods and Services tax (GST). This and more in today’s ETtech Morning Dispatch.
Autocomp firm Viney Corp raises Rs 450 crore from Kotak Special Situations Fund
Synergy Capital had acquired a 50.01% stake in the company in 2020. There will be a further round of growth capital infused in Viney Corporation to the tune of Rs20 crore in the form of optionally convertible debentures (OCD), the source added.
Cognizant CEO Ravi Kumar on earnings, company’s vision & ChatGPT; Visa launches CVV-free online transactions
Ravi Kumar S, who took over as the chief of US-headquartered IT firm Cognizant four months ago, has termed the last quarter “historic” amid a cautious macro environment.
Mukesh Bansal steps back at Tata Neu; Cred stops using Paytm QR codes on its placards
Myntra cofounder Mukesh Bansal, who joined Tata Digital as its president in June 2021, has withdrawn from Tata Neu’s day-to-day operations but will stay on in an advisory role, sources told us. The change is due to a “difference in approach on how to scale a new internet business”, one of them said.
Sachin Bansal says India needs modern banks; exodus continues at Tesla India
Bansal said that the country needs more modern banks if it is to build an advanced economy, as a handful of traditional banks can’t do that. He added that most people in the government and RBI would agree that there is a case for modern banks in India now.
A Diwali bonus for bourses, courtesy startup IPOs
In all, at least $33 billion in market capitalisation would be added to Dalal Street within a fortnight by companies that didn’t exist a decade ago — Nykaa, Policybazaar and Paytm — by way of their initial public offerings (IPOs).
Snapdeal explores IPO, in talks with bankers
The online retailer has held talks with three investment banking firms, including JM Financial, to gauge market interest for the IPO, the sources said, adding that the talks were still at an early stage.
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