SUMI WIRING SHARE PRICE
Bansal Wire share price falls marginally post robust listing. Should you hold or exit?
Bansal Wire Industries debuted with a 39% premium on its issue price, driven by robust investor demand. Post-listing, shares dipped slightly but traded 36% above the IPO price at Rs 349.5. Analysts highlight strong customer diversification and a diverse product portfolio, mitigating revenue risks across sectors.
Bansal Wire shares list at 39% premium over IPO price
Bansal Wire listed at Rs 356 on NSE with a 39% premium. Pre-listing unlisted premium was Rs 63. IPO funds will repay debt.
Bansal Wire IPO shares to debut on Wednesday. What GMP signals ahead of listing
Bansal Wire shares will debut on the bourses on Wednesday. Ahead of the listing, the company's shares were trading with a grey market premium of Rs 63. The company proposes to use the funds from the IPO to repay some of its debt, working capital requirements, and other general corporate purposes.
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.
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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.
Sit & take the ride; don’t be too impatient to get off the real estate train: Anshul Saigal
If you are a safe investor and do not like volatility, then clearly the high-quality private banking space is well-suited for you the reason being that some of those private sector banks have also not performed in recent times and price action has been adverse, says Anshul Saigal of Saigal Capital.
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.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 27.55 points up at 24169.5
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.
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.
TPG Asia sells entire stake in RR Kabel in Rs 958 crore block deal
Marquee funds, including Edelweiss MF, Tata MF, Goldman Sachs, Citigroup, Morgan Stanley, ICICI Pru MF, Blackstone Aqua, Reliance Nippon Life, and HDFC Standard Life, among others, bought stakes in the transaction.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 216.05 points down at 22488.65
R R Kabel shares zoom 6% after posting 20% YoY jump in net profit. Should you invest?
R R Kabel's shares surged 6% on BSE to Rs 1,820.80 after reporting a 20.6% YoY increase in profit after tax to Rs 78.7 crore. The company's revenue rose 15.7% YoY to Rs 1,754 crore, with EBITDA margin at 6.6%.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 132.3 points down at 22572.4
TPG Asia to exit RR Kabel, offload stocks worth Rs 1,000 crore in block deal: Report
TPG Asia had acquired around 21% stake in RR Kabel five years before the IPO, which was launched in late 2023. Since then, the PE firm has gradually cut its stake in the company.
Buy Motherson Sumi Wiring India, target price Rs 80: Motilal Oswal
Motherson Sumi Wiring India Ltd. key Products/Revenue Segments include Cables & Wires, Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2023.
Motherson Sumi Wiring Q4 Results: PAT jumps 38% YoY to Rs 191 crore, revenue rises 19%
Motherson Sumi Wiring Q4 Results: The company’s revenue for the period was reported at Rs 2,233 cr, a 19% jump YoY. The board has announced a dividend of Rs 0.80 per share.
Motherson Sumi Wiring India Q4 Results: Firm posts rise in profit on steady demand
Motherson Sumi Wiring India on Thursday reported a 38% rise in fourth-quarter profit, aided by strong demand for automobiles.
Wire fire extinguishes! Polycab shares zoom 65% since January lows to fresh peak
Shares of wires and cables manufacturer Polycab India have zoomed 65% to a new all-time high of Rs 6,242 since January’s low of Rs 3,801 when the stock made headlines due to an IT raid. On Wednesday, the shares surged nearly 8% on BSE.
Market Trading Guide: Tata Communications, Motherson Sumi Wiring among 5 stock recommendations for Thursday
Benchmark Sensex slipped 45 points in highly volatile trade on Wednesday due to selling in private bank and IT shares amid weak Asian markets and continuous foreign fund outflows. Declining for the second straight session, the 30-share BSE Sensex fell 0.06% to settle at 73,466. The NSE Nifty remained unchanged at 22,302.50. "The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22,200 levels. Confirmation of reversal from here could open short-term upside bounce in the market. Immediate support is at 22,200 levels and the next overhead resistance is at 22,500 levels," said Nagaraj Shetti, senior technical research analyst at HDFC Securities. Here are the 5 stock recommendations for Thursday:
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 152.06 points down at 21995.85
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 67.65 points up at 22215.55
DCG Cables and Wires IPO: Check issue size, price band, GMP and other details
The SME IPO of DCG Cables and Wires opened for subscription on Monday and will close on April 10. The company aims to raise about Rs 50 crore through the SME IPO and list the shares on the NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
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