Bansal Wire Industries IPO GMP History
Bansal Wire Industries IPO has been listed on July 10, 2024 at a listing price of ₹356, against the issue price of ₹256 — a gain of ₹100 (+39.06%). The GMP peaked at ₹72 on 9 July 2024 and reached a low of ₹60 on 5 July 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Bansal Wire Industries IPO raised ₹745 Cr. through its IPO at a price band of ₹243 to ₹256 per share, with a lot size of 58 shares. The IPO was open for subscription from 03 Jul 2024 to 05 Jul 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:45 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 09 Jul 2024 | ₹ 72 | ▲ | 28% | — | — |
| 08 Jul 2024 | ₹ 70 | ▲ | 27% | — | — |
| 06 Jul 2024 | ₹ 65 | ▲ | 25% | — | — |
| 05 Jul 2024 | ₹ 60 | ▼ | 23% | — | — |
| 04 Jul 2024 | ₹ 62 | ▼ | 24% | — | — |
| 03 Jul 2024 | ₹ 65 | ▼ | 25% | — | — |
| 02 Jul 2024 | ₹ 70 | — | 27% | — | — |
| 01 Jul 2024 | ₹ 70 | — | 27% | — | — |
Bansal Wire Industries IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 03 Jul 2024
- Close 05 Jul 2024
- Allotment 08 Jul 2024
- Refund/credit 09 Jul 2024
- Listing 10 Jul 2024
Bansal Wire Industries IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹256 |
|---|---|
| GMP-based estimate (pre-listing) | ₹328 (+28.1%) |
| Listing gain / loss | +₹100 per share |
| Listing date | 10 Jul, 2024 |
| Actual listing price | ₹356 (+39.06%) |
Is Bansal Wire Industries IPO GMP reliable?
Grey market premium for Bansal Wire Industries IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Bansal Wire Industries IPO full review for a fundamentals-based assessment before making any grey market trades.
Bansal Wire Industries IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Bansal Wire Industries IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Bansal Wire Industries IPO
Bansal Wire Industries Limited was incorporated as Bansal Wire Industries Private Limited on 11 December 1985. It makes steel wire in three segments: high carbon steel wire, low carbon (mild steel) wire and stainless steel wire.
It makes over 3,000 types of steel wire products, from very thin to very thick, and serves more than 5,000 customers across industries, so it does not depend too much on one customer or segment. Its pricing model helps it pass on changes in material costs.
Its promoters are Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta HUF.
The IPO was Rs 745 crore and was entirely fresh issue. Rs 452.68 crore was planned for repaying the company's borrowings, Rs 93.71 crore for a subsidiary's borrowings and Rs 60.00 crore for working capital.
Frequently asked
What is the GMP of Bansal Wire Industries IPO?
The current Grey Market Premium (GMP) of Bansal Wire Industries IPO is ₹ 72.
What is the Kostak Price of Bansal Wire Industries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Bansal Wire Industries IPO is not available.
What is the Subject to Sauda Price of Bansal Wire Industries IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Bansal Wire Industries IPO?
Bansal Wire Industries IPO listed on July 10, 2024 at ₹356, against the issue price of ₹256 — a gain of +39.06%.
How did the GMP of Bansal Wire Industries IPO trend before listing?
The GMP of Bansal Wire Industries IPO was rising in its final days before listing. The GMP peaked at ₹72 on 9 July 2024. View the day-wise table above for the complete GMP history.
Explore Bansal Wire Industries IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
