Bansal Wire IPO opens on July 03; check price band, GMP, should you bid?

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Bansal Wire IPO opens on July 03; check price band, GMP, should you bid? - Business Standard

Quick Summary:

The Grey Market Premium (GMP) of the company is Rs 65, indicating a listing gain of 25.4 per cent for Bansal Wire on the bourses.

SBI Capital Markets Limited and Dam Capital Advisors Ltd (formerly known as IDFC Securities Ltd) are serving as the book running lead managers for the Bansal Wire IPO.

Bansal Wire IPO: Steel wire manufacturer Bansal Wire is launching an Initial Public Offering (IPO) valued at Rs 745 crore, which entirely comprises a fresh issue of 29.1 million shares.