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Bansal Wire Industries Limited IPO (Bansal Wire IPO) Detail

July 3, 2024 - July 5, 2024

Bansal Wire IPO is a book built issue of Rs 745.00 crores. The issue is entirely a fresh issue of 2.91 crore shares.

Bansal Wire IPO bidding started from July 3, 2024 and ended on July 5, 2024. The allotment for Bansal Wire IPO was finalized on Monday, July 8, 2024. The shares got listed on BSE, NSE on July 10, 2024.

Bansal Wire IPO price band is set at ₹243 to ₹256 per share. The minimum lot size for an application is 58 Shares. The minimum amount of investment required by retail investors is ₹14,848. The minimum lot size investment for sNII is 14 lots (812 shares), amounting to ₹207,872, and for bNII, it is 68 lots (3,944 shares), amounting to ₹1,009,664.

SBI Capital Markets Limited and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the book running lead managers of the Bansal Wire IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Bansal Wire IPO RHP for detailed information.

Bansal Wire IPO Details

IPO Date July 3, 2024 to July 5, 2024
Listing Date July 10, 2024
Face Value ₹5 per share
Price Band ₹243 to ₹256 per share
Lot Size 58 Shares
Total Issue Size29,101,562 shares
(aggregating up to ₹745.00 Cr)
Fresh Issue29,101,562 shares
(aggregating up to ₹745.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue127,454,390
Share holding post issue156,555,952

Bansal Wire IPO Reservation

Bansal Wire IPO offers 29,101,562 shares. 5,820,313 (20.00%) to QIB, 4,365,234 (15.00%) to NII, 10,185,547 (35.00%) to RII and 8,730,468 (30.00%) to Anchor investors. 175,612 RIIs will receive minimum 58 shares and 1,791 (sNII) and 3,583 (bNII) will receive minimum 812 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered8,730,468 (30.00%)NA
QIB Shares Offered5,820,313 (20.00%)NA
NII (HNI) Shares Offered4,365,234 (15.00%)
  bNII > ₹10L2,910,157 (10.00%)3,583
  sNII < ₹10L1,455,078 (5.00%)1,791
Retail Shares Offered10,185,547 (35.00%)175,612
Total Shares Offered29,101,562 (100%)

Bansal Wire IPO Anchor Investors Details

Bansal Wire IPO raises Rs 223.50 crore from anchor investors. Bansal Wire IPO Anchor bid date is July 2, 2024. Bansal Wire IPO Anchor Investors list

Bid Date July 2, 2024
Shares Offered 8,730,468
Anchor Portion Size (In Cr.) 223.50
Anchor lock-in period end date for 50% shares (30 Days) August 7, 2024
Anchor lock-in period end date for remaining shares (90 Days) October 6, 2024

Bansal Wire IPO Timeline (Tentative Schedule)

Bansal Wire IPO opens on July 3, 2024, and closes on July 5, 2024.

IPO Open Date Wednesday, July 3, 2024
IPO Close Date Friday, July 5, 2024
Basis of Allotment Monday, July 8, 2024
Initiation of Refunds Tuesday, July 9, 2024
Credit of Shares to Demat Tuesday, July 9, 2024
Listing Date Wednesday, July 10, 2024
Cut-off time for UPI mandate confirmation 5 PM on July 5, 2024

Bansal Wire IPO Lot Size

Investors can bid for a minimum of 58 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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
Lot Size Calculator

Bansal Wire IPO Promoter Holding

The Promoters of the company are Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta HUF.

Share Holding Pre Issue 73.60%
Share Holding Post Issue 59.92%

About Bansal Wire Industries Limited

Incorporated in December 1985, Bansal Wire Industries Limited is a stainless steel wire manufacturing company.

The company operates in three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire.

The company makes over 3,000 different types of steel wire products, ranging in size from very thin to very thick. They have more than 5,000 customers in different industries, which helps the company grow.

To reduce risk, the company doesn't rely too much on one customer or one type of customer. They also use a pricing model that helps them deal with changes in material costs.

The company has a presence across India and operates in over 50 countries through product exports, solidifying its position as a key player in the global market.

The company exports products to over 50 countries. It has 14 global representatives covering Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. Our export turnover has grown at a CAGR of 47.15% in the last three fiscal years.

The company has four manufacturing units in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad and Bahadurgarh, Jhajjar, Haryana. Out of four units two are located in Loni Industrial Area, Ghaziabad.

Since 2021, the company has established a sales team of over 50 experienced professionals to cover all regions of India and serve 5,000+ customers in various sectors.

Bansal Wire Industries Limited Financial Information (Restated)

Bansal Wire Industries Limited's revenue increased by 1.99% and profit after tax (PAT) rose by 31.48% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets1,264.01749.05695.48
Revenue2,470.892,422.572,205.07
Profit After Tax78.8059.9357.29
Net Worth422.37282.51223.01
Reserves and Surplus358.64273.41213.91
Total Borrowing681.14422.19413.15
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Bansal Wire IPO is Rs 4007.83 Cr.

KPI as of March 31, 2024.

KPI Values
ROE21.19%
ROCE18.46%
Debt/Equity1.48
RoNW18.27%
P/BV7.72
PAT Margin (%)3.19
Pre IPO Post IPO
EPS (Rs) 6.185.03
P/E (x) 41.4150.86
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Bansal Wire IPO Objectives)

The company proposes to use the Net Proceeds from the Issue for the following purposes:

  1. Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary;
  2. Funding the working capital requirements of the company and
  3. General corporate purposes.

Bansal Wire IPO Review (May apply)

[Dilip Davda]  The company is operating in a highly competitive and fragmented segment of metal wires. It has posted steady growth in its top and bottom lines for the reported periods. Post-IPO, reduced debt will help in improving its bottom lines. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate fund for long term. Read detail review...


Bansal Wire IPO Subscription Status (Bidding Detail)

The Bansal Wire IPO is subscribed 62.76 times on July 5, 2024 6:20:05 PM. The public issue subscribed 14.37 times in the retail category, 153.86 times in the QIB category, and 54.21 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB153.86
NII54.21
    bNII (bids above ₹10L)55.27
    sNII (bids below ₹10L)52.11
Retail14.37
Total62.76

Total Application : 2,159,874 (12.30 times)

Bansal Wire IPO Prospectus

Bansal Wire IPO Rating

11
4.0
Rating:Rated 4.0 stars
Vote Here ...

Bansal Wire IPO Listing Details

Listing Date July 10, 2024
BSE Script Code 544209
NSE Symbol BANSALWIRE
ISIN INE0B9K01025
Final Issue Price ₹256 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹256.00
₹352.05
₹335.85
₹368.70
₹350.30
NSE
₹256.00
₹356.00
₹336.00
₹372.00
₹350.35

Check IPO Performance…

Bansal Wire Industries Limited Contact Details

Bansal Wire Industries Limited
F-3, Main Road
Shastri Nagar,
Delhi-110052
Phone: 011-2365 1891
Email: investorrelations@bansalwire.com
Website: https://bansalwire.com/

Bansal Wire IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: bwil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Bansal Wire IPO - Buy or Not

Bansal Wire IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 2 1 0
Members 2 2 0

Read All Reviews Post Your Review Manage Reviews

Bansal Wire IPO FAQs

Bansal Wire IPO is a main-board IPO of 29,101,562 equity shares of the face value of ₹5 aggregating up to ₹745.00 Crores. The issue is priced at ₹243 to ₹256 per share. The minimum order quantity is 58 Shares.

The IPO opens on July 3, 2024, and closes on July 5, 2024.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Bansal Wire IPO using UPI as a payment gateway. Zerodha customers can apply in Bansal Wire IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Bansal Wire IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Bansal Wire IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Bansal Wire IPO opens on July 3, 2024 and closes on July 5, 2024.

Bansal Wire IPO lot size is 58 Shares, and the minimum amount required is ₹14,848.

You can apply in Bansal Wire IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bansal Wire IPO will be done on Monday, July 8, 2024, and the allotted shares will be credited to your demat account by Tuesday, July 9, 2024. Check the Bansal Wire IPO allotment status.

The Bansal Wire IPO listing date is on July 10, 2024.
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