Bharat Wire IPO Draws 5.2% Premium on Debut
The maiden initial public offering (IPO) of Bharat Wire Ropes made a decent debut with a 5.2% premium over its issue price of Rs 45 on Friday. The shares opened on BSE at Rs 47.35 and closed at .₹ 45.40. The IPO, which opened for subscription during March 18-22, was subscribed 1.34 times. The issue price was fixed at .₹ 45 per equity share and raised .₹ 70 crore from the offer.