Shares of Bansal Wire Industries made a stellar entry on Dalal Street on Wednesday (July 10). The stock was listed at a price of Rs 356 on the NSE with a premium of 39% over its issued price of Rs 256, whereas on the BSE, the stock debuted at a price of Rs 352 with a premium of 37.52%.

Before the listing, shares of Bansal Wire Industries were valued at Rs 326 in the grey market, assuming a 27-28% listing gain for the IPO investors.

This IPO was open for bidding from July 3 to July 5. The firm had offered its shares in a fixed price band of Rs 243-256 per share having a lot size of 58 shares.

Bansal Wire Industries raised a gigantic amount of Rs 745 crore via its primary offer for the sale of  2,91,01,562 shares. The IPO was overall subscribed 59.57 times. QIBs booked about 146.05 times quota, whereas NII was subscribed 51.46 times. Retail Investors saw bidding for about 13.64 times during the IPO.
DAM Capital Advisors & SBI Capital Markets were the lead managers for this IPO, whereas Kfin technologies served as an registrar for the same.

At 12:10 PM, the shares of Bansal Wire Industries were trading 34.18% higher at Rs 343.50 on BSE.