Bansal Wire IPO Details ( Bansal Wire Industries Limited IPO Review )
(3 July 2024 – 5 July 2024)
Established in December 1985, Bansal Wire Industries Limited is a leading manufacturer of stainless steel wire.
Product Range:
- High Carbon Steel Wire
- Low Carbon Steel Wire (Mild Steel Wire)
- Stainless Steel Wire
Diverse Offerings: With over 3,000 different types of steel wire products, from very thin to very thick sizes, Bansal Wire caters to more than 5,000 customers across various industries, driving its growth and success.
Risk Management: Bansal Wire mitigates risk by not depending too heavily on any single customer or customer type. They also employ a pricing model that helps them adapt to fluctuations in material costs.
Global Reach: Bansal Wire has a strong presence in India and exports to over 50 countries, establishing itself as a significant player in the global market. The company has representatives in countries like Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. Their export turnover has seen a compound annual growth rate (CAGR) of 47.15% over the last three fiscal years.
Manufacturing Units: Bansal Wire operates four manufacturing units:
- Two in Loni Industrial Area, Ghaziabad
- One in Mohan Nagar, Ghaziabad
- One in Bahadurgarh, Jhajjar, Haryana
Sales Team: Since 2021, the company has built a robust sales team of over 50 experienced professionals, covering all regions of India and serving more than 5,000 customers in various sectors.
Bansal Wire Industries Limited IPO Competitive Strength
- Steel wire manufacturers with revenue of ₹ 24,447.19 million in Fiscal 2024 with established market position and strong brand equity
- More than 5,000 customer base with presence across various sectors
- Economies of Scale
- Product Portfolio with over 3,000 stock keeping units across the steel wire industry with good mix of high volume and better margin products
- Business model with stable and consistent margin profile
- Promoters and management with industry expertise of over 38 years
Bansal Wire IPO Financials Performance ( Results )
Bansal Wire Industries Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-22 | 695.48 | 2,205.07 | 57.29 | 223.01 | 213.91 | 413.15 |
| 31-Mar-23 | 749.05 | 2,422.57 | 59.93 | 282.51 | 273.41 | 422.19 |
| 31-Mar-24 | 1,264.01 | 2,470.89 | 78.80 | 422.37 | 358.64 | 681.14 |
Objective of Bansal Wire IPO Issue
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary;
- Funding the working capital requirements of the company and
- General corporate purposes.
Bansal Wire IPO Basic Details
| IPO Date | July 3, 2024 to July 5, 2024 |
| Listing Date | Wednesday, July 10, 2024 |
| Face Value | ₹10 per share |
| Price | ₹243 to ₹256 per share |
| Lot Size | 58 shares |
| Issue Size | 29,101,562 shares (aggregating up to ₹745.00 Cr) |
| Fresh Issue | 29,101,562 shares (aggregating up to ₹745.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 127,454,390 |
| Share holding post issue | 156,555,952 |
| Company Promoters | Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta HUF |
Bansal Wire IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
| Total Shares Offered | 100% of the Net Issue |
Bansal Wire Industries IPO Timetable
Bansal Wire Industries IPO will open on July 3, 2024 and close on July 5, 2024. You can join Bansal Wire Industries IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 3 July 2024 (Wednesday) |
| Closing Date | 5 July 2024 (Friday) |
| Basis of Allotment | 8 July 2024 (Monday) |
| Initiation of Refunds | 9 July 2024 (Tuesday) |
| Credit of Shares to Demat | 9 July 2024 (Tuesday) |
| Listing Date | 10 July 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 5 July 2024 |
Bansal Wire IPO Lot Size
For retail investors in Bansal Wire IPO, 58 shares will come in 1 lot or the minimum investment will be ₹14,848. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹193,024.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 58 | ₹14,848 |
| Retail (Max) | 13 | 754 | ₹193,024 |
| S-HNI (Min) | 14 | 812 | ₹207,872 |
| S-HNI (Max) | 67 | 3,886 | ₹994,816 |
| B-HNI (Min) | 68 | 3,944 | ₹1,009,664 |
Bansal Wire IPO Promoter Holding
The company’s promoters include Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta HUF.
| Pre Issue Share Holding | 95.78% |
| Post Issue Share Holding |
Bansal Wire Industries Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 4007.83 |
| Earning Per Share (EPS) | ₹6.18 per Equity Share |
| Net Asset Value (NAV) | ₹33.14 per Equity Share |
| P/E Ratio (P/E) (x) | 41.41 |
| Post P/E Ratio (P/E) (x) | 50.86 |
| Return on Net Worth (RoNW) (%) | 18.27 |
| Return on equity (ROE) (%) | 21.19 |
| Return on Capital Employed (ROCE) (%) | 18.46 |
| Debt/Equity Ratio | 1.48 |
| Price/Book Value Ratio | 7.72 |
Bansal Wire IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹65 | – | – |
| 1 July 2024 | ₹60 | – | – |
Bansal Wire IPO Detail Video:
link
Bansal Wire IPO Subscription Status (Bidding Detail)
The Bansal Wire IPO on July 3, 2024 at 10:00:00 AM was subscribed 00.00 times, with the retail category being subscribed 00.00 times, the NII (Non-Institutional Investor) category being subscribed 00.00 times, QIB (Qualified-Institutional Buyers) category being subscribed 00.00 times and the Employee category being subscribed 00.00 times.
| Category | Subscription |
| QIB | 0.00x |
| NII | 0.00x |
| Retail | 0.00x |
| Employee | 0.00x |
| Total | 0.00x |
Bansal Wire IPO Prospectus
| Bansal Wire IPO DRHP | Download |
| Bansal Wire IPO RHP | Download |
| Bansal Wire IPO Anchor Investors Details PDF | Download |
Bansal Wire IPO Rating
| Our Rating | 3.5/5.0 |
Bansal Wire Company Contact Information
Bansal Wire Industries Limited
Registered and Corporate Office: F-3, Main Road, Shastri Nagar, Delhi-110052
Telephone: 011-2365 1891/92/93
Email: investorrelations@bansalwire.com
Corporate Identity Number: U31300DL1985PLC022737
Contact Person: Sumit Gupta, Company Secretary and Compliance Officer
Website: www.bansalwire.com
Our Promoters: Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta Huf
Bansal Wire IPO Registrar
KFin Technologies Limited
(formerly known as KFin Technologies Private Limited)
Registered and Corporate Office: Selenium, Tower B, Plot No. 31 and 32, Gachibowli, Financial District Nanakramguda, Serilingampally Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: bwil.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221
Bansal Wire IPO Lead Manager
SBI Capital Markets Limited
Registered and Corporate Office: 1501, 15th Floor, A & B Wing Parinee Crescenzo, BKC Bandra (East), Mumbai 400 051, Maharashtra, India
Telephone: +91 22 4006 9807
E-mail: bwil.ipo@sbicaps.com
Investor Grievance ID: investor.relations@sbicaps.com
Website: www.sbicaps.com
Contact person: Karan Savardekar / Sambit Rath
SEBI Registration No.: INM000003531
DAM Capital Advisors Limited
Registered and Corporate Office: One BKC, Tower C, 15th Floor, Unit No. 1511 Bandra Kurla Complex
Bandra (East), Mumbai 400 051, Maharashtra, India
Telephone: +91 22 4202 2500
E-mail: bwil.ipo@damcapital.in
Investor Grievance ID: complaint@damcapital.in
Website: www.damcapital.in
Contact person: Chandresh Sharma/ Akshay Bhandari
SEBI Registration No.: MB/INM000011336
Bansal Wire IPO FAQs
What is the lot size of Bansal Wire IPO?
The total size of Bansal Wire IPO is ₹745.00 crores and this is a complete fresh Issue.
When will Bansal Wire IPO start?
Bansal Wire IPO will open from 3 July 2024 and IPO will close on 5 July 2024.
What is the open date of Bansal Wire IPO?
Bansal Wire IPO will open date from 3 July 2024.
What is the last date ( close date ) of Bansal Wire IPO?
Bansal Wire IPO will close from 5 July 2024.
What is the price band of Bansal Wire IPO?
Bansal Wire IPO price band is ₹243 to ₹256. ( Upper Price Band: ₹256, Lower Price Band: ₹243 )
What is the minimum amount required to apply for Bansal Wire IPO?
The minimum investment for retailers to apply for Bansal Wire IPO is ₹14,848 and the maximum investment is ₹193,024.
What is going on gray market premium of Bansal Wire IPO?
View gray market premium of Bansal Wire IPO by Clicking Here
How much is the GMP of Bansal Wire IPO?
Watch Bansal Wire IPO GMP Today: Click Here
What is the allotment date of Bansal Wire IPO?
The allotment date of Bansal Wire IPO is 9 July 2024.
How to check allotment status in Bansal Wire IPO?
To check the allotment status of Bansal Wire IPO, first of all go to the registrar website by clicking here, select your bad Bansal Wire IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Bansal Wire IPO?
The listing date of Bansal Wire IPO is 10 July 2024.
How much will be the listing gain in Bansal Wire IPO?
View listing gain of Bansal Wire IPO by Clicking Here
How much time Bansal Wire IPO is subscribed?
Total times subscribed in Bansal Wire IPO out of which times subscription was done in retail quota, times subscription in NII quota and times subscription in QIB quota.
How to apply for Bansal Wire IPO from Upstox?
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How to apply for Bansal Wire IPO from Zerodha?
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How to apply for Bansal Wire IPO from Angle One?
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