Bansal Wire Industries Ltd. has announced public offering of 29101562 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 251.00 per share. The gross proceeds of the issue are expected to be Rs 74,500.00 lakhs.

The company's initial public offer (IPO) will open on 03 July 2024 and is expected to close on 05 July 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 243.00-256.00 per share.

The IPO includes a fresh Issue of 29101562 Equity Shares of the Company at an price of Rs 256.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 58 shares with bids in multiples of 58.

Bansal Wire Industries Ltd. anticipates using the proceeds of the issue for .

DAM Capital Advisors Limited,SBI Capital Markets Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.