The stainless steel wire manufacturing company Bansal Wire IPO will be hit the market July 03, 2024 and closes on July 05, 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹745 crore through IPO. The company will issue fresh shares of ₹745 crores through this IPO.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Bansal Wire Industries Limited is a stainless steel wire manufacturing company. The company is the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume in India with a production of 72,176 MTPA and 206,466 MTPA, respectively, in Fiscal 2023, representing 20% and approximately 4% market share.
The company offers over 3000 SKUs (i.e., stock keeping units) in three broad segments, i.e., high carbon steel wire, mild steel wire (low carbon steel wire), and stainless steel wire, with our Company’s offering of approximately 2000 SKUs and our Subsidiary’s offering of 1500 SKUs. Further, there are approximately 500 SKUs which are common in both our Company and Subsidiary. You can check Bansal Wire IPO GMP.
| Read also: Upcoming IPO List 2024 |
The company operates from our four established manufacturing facilities in the National Capital Region, India, with three manufacturing facilities in Ghaziabad (U.P.) and one manufacturing facility in Bahadurgarh (Haryana). We have built our network to ensure pan India presence across all regions of India.
The company is present in 22 states and six union territories, by way of our dealer distribution network, we have robust revenue from operations in northern states and western states in India with 65.61%, 67.78%, and 64.80% of revenue from operations generated from Delhi, Haryana, Maharashtra, and Uttar Pradesh in Fiscal 2022, 2023 and 2024. You can check Bansal Wire IPO subscription status here.
The company exports our products to several countries, with 14 global representatives, covering countries like Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States of America and Vietnam. Our export turnover in Fiscal 2024 was ₹ 2,839.41 million, with European and U.S. markets accounting for more than 70% of the total exports in Fiscal 2024.
Object Of the Issue :
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our company.
- Investment in our subsidiary for repayment or prepayment of all or a portion of certain of its outstanding borrowings.
- Funding the working capital requirements of our company.
- General corporate purposes.
Company Strengths :
- 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 customers have a presence across various sectors.
- Economies of scale
- A product portfolio with over 3,000 stock-keeping units across the steel wire industry with a good mix of high volume and better margin products.
- Business model with a stable and consistent margin profile.
- Promoters and management with industry expertise spanning over 38 years.
Bansal Wire IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹78.80 Cr ₹256 /EQ 6.18 41.42x 21.19 % 18.27 % 18.46 % 1.48 ₹33.14 ₹1264.00 Cr ₹4007.83 Cr 95.78% – % |
| Team Review : | ✔ Apply For Long Term |
Show Review…….
- ■ The company is engaged in manufacturing and marketing over 3000 SKUs in various types of metal wires under its own brand “Bansal”..
- ■ The company top & Bottom line strong.
- ■ The PE ratio of the company is slightly high.
- ■ The company Issue price is slightly aggressive based on the PE Ratio but the company growth line is clear.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
Bansal Wire IPO Date & Price Band & Details :
| IPO Open : | July 03, 2024 |
| IPO Close : | July 05, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹5 Equity Share |
| Price Band : | ₹243 – ₹256 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹745.00 Cr {29,101,562 Shares} |
| Fresh Issue : | ₹745.00 Cr {29,101,562 Shares} |
Bansal Wire IPO Market Lot :
Bansal Wire IPO Minimum Market lot is 1 Lot with 13 shares with ₹14.848 Application amount. The retail investors can apply up to 13 lots with 754 Shares or ₹193,024 amounts.
| Application | Lot | Shares | Amount Cr |
| Retail Minimum : | 1 | 58 | ₹14,848 |
| Retail Maximum : | 13 | 754 | ₹193,024 |
| S-HNI Minimum : | 14 | 812 | ₹207,872 |
| S-HNI Maximum : | 67 | 3886 | ₹994,816 |
| B- HNI Minimum : | 68 | 3944 | ₹1,009,664 |
Bansal Wire IPO Reservation :
Bansal Wire IPO Total Reservation of 29,101,562 shares are to be bid for the public issue by Bansal Wire IPO with 14,550,781 for QIB and 4,365,234 for NII 10,185,547 for Retail Investor.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 14,550,781 | ₹372.50 |
| NII : | 15% | 4,365,234 | ₹111.75 |
| RII : | 35% | 10,185,547 | ₹260.75 |
| Total : | 100% | 29,101,562 | ₹745.00 |
Bansal Wire IPO EPS & RoNW :
The Bansal Wire company’s EPS & RoNW growth Increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2024 | ₹6.18 | 18.27 | ₹33.14 |
| 2023 | ₹4.70 | 21.21 | ₹22.17 |
| 2022 | ₹4.58 | 25.69 | ₹17.50 |
Bansal Wire IPO Peer Comparison PE :
The Bansal Wire, According to RHP of the company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| Rajratan Global Wire Limited | 41.68 |
| DP Wires Limited | 18.94 |
| Bedmutha Industries | 37.52 |
Bansal Wire IPO Dates :
Bansal Wire’s IPO Date is July 03, 2024, and closes on July 05, 2024. The allotment will be finalized on July 08, 2024, and the IPO may list on July 10, 2024.
| Anchor Date : | July 02, 2024 |
| Open Date : | July 03, 2024 |
| Close Date : | July 05, 2024 |
| Allotment Date : | July 08, 2024 |
| Refund Date : | July 09, 2024 |
| Share Credit Date : | July 09, 2024 |
| Listing Date : | July 10, 2024 |
Bansal Wire IPO Form :
There are two ways to apply in Bansal Wire IPO. You can apply for Bansal Wire IPO through ASBA available in your bank account. You have to go to your online bank login select Bansal Wire IPO in the Invest section and apply through your bank account. Another option is you apply for a Bansal Wire IPO through an IPO form downloaded through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Bansal Wire Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2024 | ₹2,470.89 | ₹2,363.83 | ₹78.80 |
| 2023 | ₹2,422.57 | ₹2,341.01 | ₹59.93 |
| 2022 | ₹2,205.07 | ₹2,126.94 | ₹57.29 |
Company Promoters :
■ Arun Gupta
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Bansal Wire IPO Lead Managers :
■ SBI Capital Markets Limited
■ DAM Capital Advisors Limited
Bansal Wire IPO Registrar :
KFin Technologies Limited
Selenium Tower B, Plot No. 31 and 32,
Financial District, Nanakramguda, Serilingampally
Hyderabad-500 032, Telangana, India
Telephone: +91 40 6716 2222
Toll free number: 18003094001
E-mail: [email protected]
Investor Grievance ID: [email protected]
Website: www.kfintech.com
Note: Check Bansal Wire IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Bansal Wire Industries Limited
F-3, Main Road
Shastri Nagar, Delhi-110052
Phone: 011-2365 1891
Email: [email protected]
Website: https://bansalwire.com/
Bansal Wire IPO FAQs :
What is Bansal Wire IPO?
Bansal Wire IPO is a Mainboard IPO. They are going to raise ₹745.00 Crores via IPO. The issue is priced at ₹243-₹256 per equity share. The IPO is to be listed on NSE, and BSE.
When Bansal Wire IPO will open?
The IPO is to open on July 03, 2024, to July 05, 2024, for QIB, NII & RII.
What is Bansal Wire‘s IPO Size?
Bansal Wire’s IPO size is ₹745.00 Crores.
What is the Fresh issue size of Bansal WireIPO?
The Fresh issue size of Bansal Wire IPO ₹745.00 Cr.
What is the Offer For Sale size of Bansal Wire IPO?
The Offer For Sale size of Bansal Wire IPO ₹0 Cr.
What is the Bansal Wire IPO Price Band?
Bansal Wire’s IPO Price Band is ₹243-₹256 Per share.
What is the Bansal Wire IPO Minimum and Maximum Lot Size?
The minimum of 58 Shares with ₹14,848 amount while the maximum of 754 shares with ₹193,024.
What is Bansal Wire IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is the Bansal Wire IPO Allotment Date?
Bansal Wire’s IPO allotment date will be July 08, 2024.
What is the Bansal Wire IPO Listing Date?
Bansal Wire’s IPO listing date is July 10, 2024. The IPO is to be listed on NSE, and BSE.
How to Apply the Bansal Wire IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Bansal Wire IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Bansal Wire IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Bansal Wire IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Bansal Wire IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Bansal Wire IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Bansal Wire IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Bansal Wire IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Bansal Wire IPO GMP: Click Here Bansal Wire IPO Subscription: Click Here Bansal Wire IPO Allotment: Click Here Bansal Wire IPO Listing: Click Here Bansal Wire IPO Web Story: Click Here |
All Bansal Wire IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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