WEB Bansal Wire IPO: A Guide to Applying and Key Details

IPO Details

Bansal Wire Industries, a leading manufacturer of wire and wire products, is set to launch its initial public offering (IPO) on July 3 and close on July 5. The company plans to raise approximately Rs. 845 crore through the IPO.

Key Details:

• IPO subscription date: July 3 to July 5
• Lot size: 58 shares
• Minimum investment amount: Rs. 14,848
• Price band: Rs. 245 to Rs. 254 per share
• Listing date: July 13

How to Apply for the IPO

Eligible investors can apply for the IPO through the following methods:

1. ASBA (Application Supported by Blocked Amount): Apply through your bank's net banking facility or mobile app.
2. Non-ASBA: Fill out a physical application form and submit it to your broker.

ASBA Application

Steps:

1. Log into your bank's net banking portal.
2. Select the IPO tab or option.
3. Search for Bansal Wire Industries IPO.
4. Enter the lot size and bid price.
5. Block the required amount in your bank account (up to 100% of the bid value).
6. Confirm and submit your application.

Non-ASBA Application

Steps:

1. Obtain an application form from your broker or the IPO's registrar.
2. Fill out the form with your personal and banking details.
3. Enter the lot size and bid price.
4. Attach a cheque for the bid amount.
5. Submit the form to your broker.

Allotment Status and Share Price

The allotment of shares will be announced on July 8. Successful applicants will receive the allotted shares in their demat accounts on July 12. The share price will be determined after the listing on July 13.

Note: Investment in IPOs carries market risk. Potential investors should carefully consider their investment goals and financial situation before applying.