Bansal Wire IPO Opens for Subscription on July 3, 2024
Bidding Begins Today for Fresh Issue of 291 Million Shares
Allotment Expected to be Finalized by July 8, 2024
Bansal Wire Industries' (BWIN) much-anticipated initial public offering (IPO) has opened for subscription today, July 3, 2024. The IPO comprises a fresh issue of 291 million shares and is expected to close on July 5, 2024.
The company aims to raise approximately Rs. 1,000 crore through the IPO, which will be used for capital expenditure, repayment of debt, and general corporate purposes.
Eligible investors can apply for the issue in the price band of Rs. 300-320 per share. The allotment for the IPO is expected to be finalized by July 8, 2024.
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