
Manufacturing / Industrial Goods · NSE / BSE
Bansal Wire Industries Limited, incorporated in December 1985, is a leading manufacturer of stainless steel wire, specializing in high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. The company offers over 3,000 types of steel wire products, serving more than 5,000 customers across various industries, ensuring a diversified revenue base. With a strong domestic presence and exports to over 50 countries, including key markets like the U.S., U.K., Germany, and South Korea, Bansal Wire has achieved a remarkable export turnover CAGR of 47.15% over the last three fiscal years. The company operates four manufacturing units in Mohan Nagar, Ghaziabad; Loni Industrial Area, Ghaziabad (with two units); and Bahadurgarh, Jhajjar, Haryana. To navigate material cost fluctuations, Bansal Wire employs a dynamic pricing model. Since 2021, a dedicated sales team of over 50 professionals has been catering to customers nationwide, reinforcing its position as a global market leader in the steel wire industry.
Price Band
₹243 – ₹256
Issue Size
₹745 Cr
Lot Size
58 shares
GMP
+27.3%
Est. Listing
₹326
at current GMP
Subscribed
62.76x
overall
Open
3 Jul 2024
Close
5 Jul 2024
Allotment
8 Jul 2024
Refund
9 Jul 2024
Demat Credit
10 Jul 2024
Listing
10 Jul 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹256
Band: ₹243 – ₹256
Estimated Listing Price
₹326
Upper price + GMP
Lot Size
58 shares
Min investment ₹14,848
Estimated Profit / Lot
₹4,060
58 × ₹70
Grey Market Premium trend
+₹70
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹70 | 27.3% | ₹326 |
| 30 Oct 2026 | +₹70 | 27.3% | ₹326 |
| 29 Oct 2026 | +₹63 | 24.6% | ₹319 |
GMP is unofficial market data. Not a guarantee of listing performance.
Bansal Wire Industries Limited is bringing an initial public offering (IPO) in the Manufacturing / Industrial Goods sector with an aggregate issue size of ₹745 Crores. The shares are offered at a price band of ₹243 to ₹256 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-07-05, the basis of allotment is scheduled to be finalized on 2024-07-08. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
The latest grey market premium for Bansal Wire Industries Limited IPO is ₹70, which indicates an expected listing price of ₹326.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.