Bansal Wire shares, July 10 -- After witnessing solid demand for its initial public offering (IPO), shares of Bansal Wire Industries listed on the BSE and the NSE with healthy gains on Wednesday, July 10, defying weak market sentiment.

Bansal Wire share price was listed with a 37.52 per cent premium at Rs.352.05 per share on the BSE, while on the NSE, the stock debuted with a premium of 39.06 per cent at Rs.356 apiece. The issue price of Bansal Wire shares was Rs.256.

The stock, however, pared some gains and traded 33.40 per cent higher at Rs.341.50 on BSE around 10:50 am. Equity benchmark Sensex was 1 per cent down at 79,560 at that time.

The stainless-steel wire manufacturer company raised Rs.745 crore from the book-built issue. Its ...