Bansal Wire IPO
Open MainLineCurrent GMP
₹70 (+27.34%)
Price Band
₹ 243 – 256
Lot Size
58
Issue Size
₹745 Cr
Minimum Investment
₹14848 (58 Shares)
Listing Date
10 July 2024
Subscription
59.57x
About the Company
Incorporated in December 1985, Bansal Wire Industries Limited stands as India's premier stainless steel wire manufacturer and holds the position of being the second-largest steel wire manufacturer by volume in the nation. In Fiscal 2023, the company produced 72,176 MTPA of stainless steel wire and 206,466 MTPA of steel wire, capturing 20% and approximately 4% of the market share, respectively, according to CRISIL Report.
Since its inception in 1985, Bansal Wire Industries has been committed to excellence, providing top-quality products and establishing a distinctive reputation within the steel wire sector. With a 38-year legacy, the company boasts a diverse portfolio that serves a variety of sectors including automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture, and the auto replacement market.
A vast range of over 3,000 stock-keeping units (SKUs), the most extensive variety among all steel wire manufacturers in India, with sizes from as thin as 0.04 mm to as thick as 15.65 mm. A diversified customer base exceeding 5,000 across various sectors, fostering a robust network that supports sustained growth.
Bansal Wire Industries operates across three main segments: high-carbon steel wire, mild steel wire (low-carbon steel wire), and stainless steel wire. Additionally, the company is poised to enhance its market footprint with the introduction of a new specialty wire segment through its forthcoming plant in Dadri. This expansion aims to further broaden its product offerings and strengthen its market position in the forthcoming fiscal year.
Peer Details
Rajratan Global Wire Limited is the only listed company considered by Bansal Wire Industries as its peers.
Promoters
- Arun Gupta
- Anita Gupta
- Pranav Bansal
- Arun Kumar Gupta HUF
Promoters Holding
Holding Pre Issue
73.60%
Holding Post Issue
59.92%
Objects of the Issue
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Utilise ₹5,463.91 million to reduce existing debt and associated costs.
- Allocate ₹600 million to meet the company's future working capital needs.
- Use remaining funds for general corporate activities, including business development and strategic initiatives.
Address / Contact Info
Bansal Wire Industries Limited
F-3, Main RoadShastri Nagar,
Delhi-110052
Phone: 011-2365 1891
Email: investorrelations@bansalwire.com
Website: https://bansalwire.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 03 July 2024
IPO Close Date
Friday, 05 July 2024
Basis of Allotment
Monday, 08 July 2024
Initiation of Refunds
Tuesday, 09 July 2024
Credit of Shares to Demat
Tuesday, 09 July 2024
Listing Date
Wednesday, 10 July 2024 — NSE & BSE
Important Dates
Open Date
03 July 2024
Close Date
05 July 2024
Basis Of Allotment
08 July 2024
Listing Date
10 July 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 24 | 31 Mar 23 | 31 Mar 22 |
|---|---|---|---|
| Assets | 1264.01 | 749.05 | 695.48 |
| Revenue | 2470.89 | 2422.57 | 2205.07 |
| Profit After Tax | 78.8 | 59.93 | 57.29 |
| Net Worth | 422.37 | 282.51 | 223.01 |
| Reserve & Surplus | 358.64 | 273.41 | 213.91 |
| Total Borrowings | 681.14 | 422.19 | 413.15 |
EPS Pre
6.18%
EPS Post
5.03%
P/E Pre
41.41
P/E (Post Issue)
50.86x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI Information |
|---|---|
| ROE % | 21.19 |
| ROCE % | 18.46 |
| Debt / Equity | 1.48 |
| RoNW % | 18.27 |
| PbW | 7.72 |
| Pat Margin % | 3.19 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 8730468 | 30 | 0 |
| Qualified Institutions | 5820313 | 20 | 0 |
| Non-Institutional | 4365234 | 15 | 0 |
| BNII | 2910157 | 10 | 3583 |
| SNII | 1455078 | 5 | 1791 |
| Retail Investors | 10185547 | 35 | 175612 |
| Total | 29101562 | 100 | 0 |
Subscription Status ( Sat, 24 Aug 24 12:37 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 6131687 | 895504630 | 146.05x |
| Non-Institutional | 4598766 | 236660068 | 51.46x |
| BNII | 3065844 | 160834638 | 52.46x |
| SNII | 1532922 | 75825430 | 49.46x |
| Retail Investors | 10730453 | 146359056 | 13.64x |
| Total | 21460906 | 1278523754 | 59.57x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 58 | 14,848.00 |
| Retail (Max) | 13 | 754 | 193,024.00 |
| S-HNI (Min) | 14 | 812 | 207,872.00 |
| S-HNI (Max) | 67 | 3,886 | 994,816.00 |
| B-HNI (Min) | 68 | 3,944 | 1,009,664.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- SBI Capital Markets Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Bansal Wire IPO is a Book-building IPO worth ₹745 crores. The price band is ₹243 to 256 per share. The IPO opens on Wed, Jul 3, 2024 and closes on Fri, Jul 5, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Bansal Wire IPO opens on Wed, Jul 3, 2024 and closes on Fri, Jul 5, 2024
Bansal Wire IPO Price Band is ₹243 to 256.
Bansal Wire IPO lot size is 58, and the minimum amount required for application is ₹14848.
The minimum investment for Bansal Wire IPO is approximately ₹14848 based on the upper price band.
To apply for the Bansal Wire IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jul 5, 2024. After submission, funds are blocked until the basis of allotment of Bansal Wire IPO is finalised.
Bansal Wire IPO issue size is ₹745 crores.
Bansal Wire IPO allotment date is Sat, Jun 27, 2026.
The registrar for Bansal Wire IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Bansal Wire IPO through their official website or helpline.
The Bansal Wire IPO GMP (Grey Market Premium) is ₹70 as of Wed, Jul 10, 2024. Based on the upper price band of ₹256 per share, the estimated Bansal Wire IPO listing price is ₹326, indicating a potential listing gain of approximately 31% over the issue price.