The initial public offering (IPO) received bids for 69,78,300 shares against the total issue size of 1,75,00,000 shares, according to NSE data.
The IPO of Bharat Wire Ropes was subscribed 40% on the first day of the issue.
The initial public offering (IPO) received bids for 69,78,300 shares against the total issue size of 1,75,00,000 shares, according to NSE data.
The company has fixed the price band at Rs 40-45 for the IPO.
The company is planning to raise Rs 70 crore through the issue.
The proceeds will be utilised for setting up a manufacturing plant at Chalisgaon in Maharashtra and for other general corporate purposes.
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