Bansal Wire makes stellar debut; lists at 39% premium over issue price

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The story "Bansal Wire makes stellar debut; lists at 39% premium over issue price" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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Bansal Wire makes stellar debut; lists at 39% premium over issue price - Business Standard

Quick Summary:

The stock listed at Rs 356, a 39 per cent premium over its issue price of Rs 256 per share on the National Stock Exchange NSE on Wednesday.

Demand is expected be 8-10 per cent CAGR between FY2023 and 2028, growing to eight-nine mt, due to increasing budget allocation of central and state governments for infrastructure development and expansion of the automobile industry.

At 10:16 AM, Bansal Wire was trading at Rs 341.40, up 33 per cent against its issue price.