Exchanges
BSE, NSE
Industry
Iron & Steel Products
Issue
Book building

Bharat Wire Ropes IPO

₹45.55

+1.22% on listing

Listing-day close · NSE · 1 Apr 2016 · issue price ₹45

Bharat Wire Ropes’ ₹70 crore IPO was priced at ₹45 a share. It listed on the NSE on 1 Apr 2016 and closed its first day at ₹45.55, up 1.22% on the issue price.

Timeline

  1. Opens
  2. Closes
  3. Allotment
  4. Listing

Issue details

Issue size
₹70 Cr
Fresh issue
₹70 Cr
Offer for sale
—
Lot size
300 shares
Minimum investment
₹13,500
Face value
₹10
Registrar
Kfin Technologies

Subscription

Bharat Wire Ropes IPO subscription by investor category
CategoryShares offeredTimes subscribed
Total—1.34×

Overall, from the basis of allotment.

Financials and valuation

Market cap (post-issue)
₹202 Cr
Promoter holding
87.34% → 57.12%

From the offer documents.

Listing

Listing date
1 Apr 2016
Issue price
₹45
Open
₹47.25
High
₹47.25
Low
₹44.90
Close
₹45.55

Listing day on the NSE. The close was +1.22% on the issue price.

BHARATWIRE share price today

FAQs

When did the Bharat Wire Ropes IPO open and close?

It opened on 18 Mar 2016 and closed on 22 Mar 2016.

What was the Bharat Wire Ropes IPO price?

The price band was ₹40–45 a share. The final issue price was ₹45.

What is the lot size and minimum investment?

One lot is 300 shares, ₹13,500 at ₹45 a share. Retail investors apply in whole lots.

How much did Bharat Wire Ropes raise?

₹70 crore: ₹70 crore of new shares.

How many times was the Bharat Wire Ropes IPO subscribed?

1.34 times overall.

How did Bharat Wire Ropes list?

It listed on the NSE on 1 Apr 2016 at ₹47.25 and closed the day at ₹45.55, up 1.22% on the ₹45 issue price.

Who is the registrar of the Bharat Wire Ropes IPO?

Kfin Technologies handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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