The Bansal Wire Industries initial public offerings (IPO) opened for subscription on July 3. The issue has so far been subscribed over 5.73 times on the second day of bidding.
The retail portion, which was booked 6.19 times, received overwhelming response from the investors on July 4. Meanwhile, non-institutional investors (NII) and QIB categories were booked 12.16 times and 0.09 times.
On the second day, the Bansal Wire Industries IPO received 12,28,88,254 applications against offered 2,14,60,906 shares.
In the Bansal Wire Industries IPO, up to 50% of the shares in the public issue are reserved for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and a minimum of 35% of the offer is reserved for retail investors.
