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Allotment of shares for Bansal Wire Industries IPO will take place today (Monday, July 8). Investors who applied for Bansal Wire IPO can check the allotment status on the registrar’s portal KFin Technologies Limited.
Allotment of Emcure Pharmaceuticals IPO can also happen today. Bidding for this ended on Friday. According to the ‘T+3’ listing rule, share allotment is likely to happen on July 8, 2024 i.e. today. Its registrar is Link Intime India.
1. Bansal Wire Industries
The IPO of the steel wire manufacturer opened for subscription on Wednesday, July 3 and closed on Friday, July 5. The issue was subscribed 13.64 times in the retail category, 146.05 times in QIB and 51.46 times in the NII category. The overall subscription status stood at 59.57 times.
- To check the status of IPO allotment, one has to visit https://ris.kfintech.com/ipostatus/.
- You will find five links here, by clicking on any of these you will be able to check the allotment status.
- After clicking on the link you need to select Bansal Wire from the “Select IPO” drop-down menu.
- Enter the application number, Demat account or PAN here. Then enter the captcha code and press “Submit”.
- When the shares are allocated, they will be credited to their demat account on the same day. Those who did not get the shares will get a refund.
- For those whose shares were not allotted, the refund process will start from July 9. The share listing will take place on July 10.
Listing of shares may go up by 29.69%
The GMP (Gay Market Price) of Bansal Wire IPO today is +76. That is, the shares may be listed at ₹332, which is 29.69% higher than the IPO price of ₹256. The price band for this issue was fixed at ₹243-₹256.
The company wants to raise ₹745 crore through this IPO. For this, the company is issuing 29,101,562 shares for the entire ₹745 crore. The existing investors of the company are not selling a single share through the offer for sale.
Bansal Wire Industries was established in 1985
Bansal Wire Industries Limited is a stainless steel wire manufacturing company, established in December 1985. The company manufactures more than 3,000 types of steel wire products, ranging in size from very thin to very thick. Apart from selling its products in the country, the company also exports its products to more than 50 countries.
2. Emcure Pharmaceuticals Limited
Emcure Pharma wants to raise ₹1,952.03 crore through this IPO. For this, the company is issuing 7,936,507 fresh shares worth ₹800 crore. Whereas, the existing investors of the company are selling 11,428,839 shares worth ₹1,152.03 crore through Offer for Sale i.e. OFS.
The company has fixed the price band of this issue at ₹960-₹1008. The GMP (grey market premium) of the IPO today is ₹392. That is, Emcure’s shares can be listed about 38% above the upper price band. Investors can get a profit of Rs 392 per share.
- To check the status, you have to go to https://linkintime.co.in/Initial_Offer/public-issues.html
- Select the IPO name ‘Emcure Pharmaceuticals’ from the drop-down menu bar.
- Choose the option from PAN Number, Application Number or DP ID option.
- Enter PAN Number, Application Number or Demat Account Number as per selection.
- Click on the ‘Submit’ button. Once the shares are allocated, they will be credited to their demat account the same day.
- For those whose shares were not allotted, the refund process will start from July 9. The share listing will take place on July 10.
Emcure Pharmaceuticals was founded in 1981
Emcure Pharmaceuticals is an Indian pharma company, founded in 1981. The company manufactures and markets medicines globally as well as conducts research.
Emcure Pharmaceuticals has 13 manufacturing facilities in India. These facilities can produce a variety of pharmaceutical and biopharmaceutical products, including tablets, liquid substitutes, and injectables.
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