Bansal Wire Industries Ltd IPO allotment finalized: A Step-by-Step Guide to Checking Your Status in 6 Simple Steps

Bansal Wire Industries Ltd IPO allotment:

If you've applied for the Bansal Wire Industries Ltd IPO, you're likely eager to know the allocation status. Well, the wait is over! The allotment process has been completed, and now you can easily check how many shares you've been allotted. You can do this by visiting the KFin Techologies Ltd registrar website. Moreover, for those who didn't receive an allotment, rest assured, the refund process has also been finalized.

Bansal Wire Industries Ltd IPO allotment date:

The allotment date for the Bansal Wire Industries Ltd IPO has been confirmed, and allotments have been finalized. Investors who applied for the issue can now verify their allotment status on the registrar portal designated for Bansal Wire Industries Ltd IPO, managed by KFin Techologies Ltd. You can discover the number of shares allotted to you through the registrar's website. Additionally, the company has concluded the refund process for investors who were not allotted shares. The subscription period for Bansal Wire Industries Ltd IPO commenced on July 3, 2024, and concluded on July 5, 2024.

Bansal Wire Industries Ltd IPO subscription:

On the third day of subscription, the Bansal Wire Industries Ltd IPO witnessed 0.24 times subscription. The listing date is scheduled on July 10, 2024. Investors can ascertain their share allocation through the basis of allotment process and check their allotment status. For those who were not allocated shares, the refund process will commence on July 9, 2024. Those allotted shares will receive them in their demat accounts on July 9, 2024. The listing date for Bansal Wire Industries Ltd IPO is confirmed to be July 10, 2024.

Bansal Wire Industries Ltd IPO: How to check allotment status?

If you've applied for the Bansal Wire Industries Ltd IPO, you can easily check your allotment status on the KFin Techologies Ltd website. Here's a simple guide to check your allotment status:

  • Go to the KFin Techologies Ltd website.
  • Select the Bansal Wire Industries Ltd IPO from the dropdown menu.
  • Choose either your Application Number, Demat Account, or PAN to proceed.
  • Select your application type as ASBA or non-ASBA.
  • Provide the required details based on your selection in the previous step.
  • Complete the Captcha verification.
  • Click on the submit button to view your allotment status.

How to check Bansal Wire Industries Ltd IPO allotment status on BSE:

  • Navigate to the allotment page on the official BSE website via this link: https://www.bseindia.com/investors/appli_check.aspx
  • In the 'Issue Type' section, opt for 'Equity' and pick the Bansal Wire Industries Ltd IPO from the dropdown menu labeled 'Issue Name'.
  • Enter either your PAN or application number, then click the 'Submit' button.

How to check Bansal Wire Industries Ltd IPO allotment status on NSE:

  • to NSE's official website using this link:https://www.nseindia.com/
  • Choose the 'Click here to sign up' option and complete the registration process using your PAN details.
  • Enter your username, password, and captcha code on the subsequent page.
  • Once logged in, navigate to the designated section to check the IPO allotment status.

Allocation quota for Bansal Wire Industries Ltd

The following table outlines the allocation quotas for different categories, detailing both the number of shares and the percentage of the total share capital raised. However, it's primarily the quotas for retail and HNI investors that are of significant interest.

Category of Investors Allocation of shares under IPO
Reservation for Employees 0 (0%)
Anchor Allocation 87,30,469 (30%)
QIB Shares Offered 58,20,313 (20%)
NII (HNI) Shares Offered 43,65,234 (15%)
Retail Shares Offered 1,01,85,547 (35%)
Total Shares Offered 2,91,01,564

Data Source: BSE, NSE

Let's now examine how different categories of investors participated in placing their bids for the IPO of Bansal Wire Industries Ltd.

Subscription levels for Bansal Wire Industries Ltd

Next, let's delve into the level of subscription. The table below illustrates the degree of subscription for each category, along with the overall subscription for Bansal Wire Industries Ltd.

Category Subscription Status
Qualified Institutional Buyers (QIB) 0x
S (HNI) ₹2 lakhs to ₹10 lakhs [-]
B (HNI) Above ₹10 lakhs [-]
Non Institutional Investors (NII) 0.34x
Retail Individuals 0.39x
Employees [-]
Overall Subscription 0.24x

Data Source: BSE, NSE

The QIB portion witnessed a subscription of 0 times, while the HNI/NII portion saw a subscription of 0.34 times. The Retail portion experienced a subscription of 0.39 times, culminating in an overall subscription of 0.24 times for the IPO.

Frequently Asked Questions

What is Bansal Wire Industries Ltd IPO?

Answer Field

Bansal Wire Industries Ltd IPO is a Mainboard IPO of 2,91,01,564 equity shares of a face value of ₹5 aggregating up to ₹745 Crores. The issue is priced at ₹256 to ₹256 per share. The minimum order quantity is 58 Shares. The IPO opens on July 03, 2024, and closes on July 05, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Bansal Wire Industries Ltd IPO will open?

Answer Field

The Bansal Wire Industries Ltd IPO opens on July 03, 2024 and closes on July 05, 2024.

What is the lot size of Bansal Wire Industries Ltd?

Answer Field

Bansal Wire Industries Ltd lot size is 58 shares, and the minimum amount required is ₹14,848.

How to apply for Bansal Wire Industries Ltd IPO?

Answer Field

You can apply in Bansal Wire Industries Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Bansal Wire Industries Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Bansal Wire Industries Ltd IPO will be done on July 08, 2024, and the allotted shares will be credited to your demat account by July 09, 2024.

When is Bansal Wire Industries Ltd IPO listing date?

Answer Field

The Bansal Wire Industries Ltd listing date is July 10, 2024.

Who is the registrar of Bansal Wire Industries Ltd IPO?

Answer Field

The registrar of Bansal Wire Industries Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

SBI Capital Markets Ltd,DAM Capital Advisors Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Bansal Wire Industries Ltd IPO?

Answer Field

The fresh issue size is ₹745 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Bansal Wire Industries Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 58 shares and ₹14,848 amount.

How can I approve the UPI mandate request for Bansal Wire Industries Ltd IPO?

Answer Field

To apply for Bansal Wire Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Bansal Wire Industries Ltd?

Answer Field

The price of each Bansal Wire Industries Ltd share will be ranging in between ₹256 to ₹256 per share.

What is the cut-off time for the UPI mandate for Bansal Wire Industries Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, July 05, 2024.

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