![Bansal Wire IPO share allotment expected soon. Check status, GMP, listing date and other details](https://img.etimg.com/thumb/msid-111549987,width-210,height-158,imgsize-24444,resizemode-75/bansal-wire-ipo-share-allotment-expected-soon-check-status-gmp-listing-date-and-other-details.jpg)
Firstly, here's how you can know the status on BSE
Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)
Step 2: Please select the issue name, that is the company's name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
To check the status of Bansal Wire IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.
Step 1: Visit the Kfin Technologies website (https://rti.kfintech.com/ipostatus/)
Step 2: Select Bansal Wire IPO
Step 3: Enter the PAN details and click search to know the status
Also Read: IPO Calendar: 1 IPO, 5 listings investors need to watch out for next week
Bansal Wire GMP
In the unlisted market, the company's shares are trading with a premium of Rs 76. This compares with an IPO price of 256, indicating a gain of 30% on listing day, which is fixed as July 10.
Bansal Wire is the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume in India with a production of 72,176 MTPA and 206,466 MTPA, respectively, in FY23.
The company has a diversified portfolio, catering to a wide range of sectors such as automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture and auto replacement.
It manufactures over 3,000 stock-keeping units, the highest amongst all steel wire manufacturers in India with sizes ranging from as thin as 0.04 mm to as thick as 15.65 mm.
With a well-diversified base of more than 5,000 customers spanning various sectors, Bansal Wires Industries has established a robust network that contributes to its growth.
Over the years, the company has adopted a de-risking strategy, under which no single customer accounts for more than 5% of its sales, and no sector or segment constitutes more than 25% of the sales.
The total income has increased at a CAGR of 28% from Rs 1480 crore in FY21 to Rs 2,422 crore in FY23. EBITDA during the same period grew at a rate of 16% to Rs 1,15 crore, while PAT has increased at 21.6% to Rs 59.9 crore.
SBI Capital Markets and DAM Capital are acting as the book-running lead managers to the IPO.
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price