India's Bansal Wire jumps 33% in debut trade

** Shares of Bansal Wire Industries (BANW.NS) surge 33% on first day of trading

** Shares of BANW, which makes stainless steel wires, opened at 356 rupees, a near 39% premium to IPO price, valuing the company at 53.60 bln rupees ($642 mln)

** Co's IPO, which consisted of fresh shares worth 7.45 bln rupees, was oversubscribed around 60x, per exchange data

** "Bansal Wire's listing performance surpasses pre-listing and signifies investor confidence in the company's potential," said Shivani Nyati, head of wealth at Swastika Investmart

** BANW says it will use IPO proceeds for debt repayment, other general purposes

** Emcure Pharmaceuticals (EMCU.NS) also jumps ~35% in debut trade on Wednesday

($1 = 83.4890 Indian rupees)