Bansal Wire IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 03 Jul 2024
Close Date
Fri, 05 Jul 2024
Price Band
₹ 243 – 256
Lot Size
58
Issue Size
₹ 745.00 Cr
Minimum Investment
₹ 14,848 (58 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Bansal Wire IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹745.00 Crore, comprising a fresh issue of 2.91 Crore equity shares aggregating to ₹745.00 Crore.
The Bansal Wire IPO remained open for subscription from July 03, 2024, to July 05, 2024. The basis of allotment was finalized on July 08, 2024, and the company's shares were listed on the NSE and BSE on July 10, 2024.
The company had fixed the price band at ₹243 to ₹256 per share, with a lot size of 58 shares. Retail investors were required to make a minimum investment of ₹14,848 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. SBI Capital Markets Limited, and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Bansal Wire Industries Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Bansal Wire IPO Timeline (Tentative)
- IPO Open Date
- Wed, 03 Jul 24
- IPO Close Date
- Fri, 05 Jul 24
- Basis of Allotment
- Mon, 08 Jul 24
- Initiation of Refunds
- Tue, 09 Jul 24
- Credit of Shares to Demat
- Tue, 09 Jul 24
- Listing Date
- Wed, 10 Jul 24 — NSE & BSE
Open Date
03 July 2024
Close Date
05 July 2024
Basis Of Allotment
08 July 2024
Listing Date
10 July 2024
IPO Subscription
Check Live Subscription →The Bansal Wire IPO has received bids for 1,27,85,23,754 shares against 2,14,60,906 shares offered, resulting in an overall subscription of 59.57x. the NII category is subscribed 51.46x, Retail Investors 13.64x, and QIBs 146.05x. Within the NII category, BNII is subscribed 52.46x, while SNII is subscribed 49.46x.
QIB
146.05x
NII
51.46x
BNII
52.46x
SNII
49.46x
RII
13.64x
Total
59.57x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,01,85,547 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 58,20,313 shares (20%), while Non-Institutional Investors (NIIs) receive 43,65,234 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 8,730,468 | 30% |
| Qualified Institutions | 5,820,313 | 20% |
| Non-Institutional | 4,365,234 | 15% |
| BNII | 2,910,157 | 10% |
| SNII | 1,455,078 | 5% |
| Retail Investors | 10,185,547 | 35% |
| Total | 29,101,562 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Bansal Wire Industries Limited KPI Information
| Particular | KPI Information |
|---|---|
| ROE % | 21.19 |
| ROCE % | 18.46 |
| Debt / Equity | 1.48 |
| RoNW % | 18.27 |
| PbW | 7.72 |
| Pat Margin % | 3.19 |
Peers Comparison
No Peer Comparision Available
About Bansal Wire Industries Limited
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.
Bansal Wire IPO Promoters
- Arun Gupta
- Anita Gupta
- Pranav Bansal
- Arun Kumar Gupta HUF
Promoters Holding
Holding Pre Issue
73.60%
Holding Post Issue
59.92%
Bansal Wire IPO Objective
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.
Bansal Wire Industries Limited Address / Contact Details
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
Bansal Wire IPO Lot Size
The Bansal Wire IPO has a lot size of 58 shares. Retail investors require a minimum investment of ₹14,848 by applying for 1 lot (58 shares). The maximum application allowed for the retail category is 13 lots (754 shares), requiring an investment of ₹1,93,024.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- SBI Capital Markets Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Bansal Wire IPO?
Bansal Wire IPO is a Book-building IPO with a total issue size of ₹745 crore. The Bansal Wire IPO price band is ₹243 to 256 per share. The Bansal Wire IPO subscription opens on Wed, Jul 3, 2024, and closes on Fri, Jul 5, 2024. The Bansal Wire IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Bansal Wire IPO.
When will the Bansal Wire IPO open for subscription?
The Bansal Wire IPO opens on Wed, Jul 3, 2024 and closes on Fri, Jul 5, 2024
What is Bansal Wire IPO Price Band?
Bansal Wire IPO Price Band is ₹243 to 256 per share.
What is Bansal Wire IPO Lot Size?
Bansal Wire IPO lot size is 58 shares, Retail investors need a minimum investment of ₹14848 based on the upper price band
What is the minimum investment for Bansal Wire IPO?
The minimum investment for Bansal Wire IPO is ₹14848, based on one lot of 58 shares at the upper price band of ₹256 per share.
How to apply for Bansal Wire IPO?
Investors can apply for the Bansal Wire IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jul 5, 2024. The application amount remains blocked until the Bansal Wire IPO allotment is finalized.
What is Bansal Wire IPO Issue Size?
Bansal Wire IPO issue size is ₹745 crores.
What is the Bansal Wire IPO Allotment Date?
Bansal Wire IPO allotment date is Mon, Jul 8, 2024.
Who is the Bansal Wire IPO Registrar?
The registrar for Bansal Wire IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Bansal Wire IPO allotment status, refund processing, and other IPO-related information.
What is the Bansal Wire IPO GMP?
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 27.34% over the issue price.
Who is the Bansal Wire IPO Lead Manager?
The book-running lead managers (BRLMs) for the Bansal Wire IPO are SBI Capital Markets Limited, and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd). The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Bansal Wire IPO Red Herring Prospectus (RHP).