Bansal Wire Industries IPO: A Comprehensive Guide
Largest Stainless Steel Wire Manufacturer in India
Bansal Wire Industries is a leading steel wire manufacturer in India, boasting the distinction of being the largest producer of stainless steel and high carbon wires in the country.
Impressive Volume and Capacity
The company's position as the second largest steel wire manufacturing company by volume in India underscores its impressive scale and capacity. This strong market share has solidified its position as a key player in the wire industry.
Upcoming IPO Offering
Bansal Wire Industries has recently announced an initial public offering (IPO) of 29101562 equity shares, priced at Rs. 243 to Rs. 245 per share. The issue size aggregates up to Rs. 7450 crores.
Main-Board IPO with Fresh Issue
The IPO is a main-board IPO, signifying that the shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The fresh issue of 291 crore shares aims to raise Rs. 745 crore for the company's growth and expansion plans.
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