The Bansal Wire IPO will open on July 3, 2024, and close on July 5, 2024. The IPO aims to raise approximately ₹745 crores. This includes a fresh issue of ₹745 crores and an offer for sale of up to 29,101,562 equity shares at ₹5 each.
- Investor Quotas:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-Worth Individuals (HNI): 15%
Company Overview
Bansal Wire is a leading manufacturer in the steel wire industry, Second largest producer of steel wire by volume in India, with a production capacity of 72,176 MTPA for stainless steel wire and 206,466 MTPA for steel wire in Fiscal 2023. This accounts for 20% and approximately 4% market share, respectively (Source: CRISIL Report). Established in 1985, Bansal Wire has consistently delivered high-quality products over 38 years, serving sectors like automotive, general engineering, infrastructure, consumer durables, power and transmission, agriculture, and auto replacement.
Key Strengths
Produces over 3,000 stock-keeping units (SKUs), the highest among Indian steel wire manufacturers, with sizes ranging from 0.04 mm to 15.65 mm.
Customer Base: Over 5,000 customers across various sectors.
Risk Management: No single customer accounts for more than 5% of sales, and no single sector constitutes more than 25% of sales.
Cost Plus Model: Insulates the company from commodity price fluctuations.
Experienced Promoters: Promoters have been in the steel wire business since 1938, spanning three generations.
Global Reach: Operates across India and exports to over 50 countries.
Manufacturing Facilities: Four existing facilities with plans to establish the largest single-location manufacturing plant for steel wire in Dadri, India, among the largest in Asia.
Flexible Production: Can switch or add production lines based on industry demands.
Profitability: Consistent track record of generating operating profits.
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Objectives of the Issue:
Repay or prepay certain outstanding borrowings.
Fund working capital requirements.
General corporate purposes.
Bansal Wire IPO Review:
To be updated soon
Brokerage Firm IPO Reviews:
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Bansal Wire IPO Details
| PO Open: | July 3, 2024 |
| IPO Close: | July 5, 2024 |
| IPO Size: | Approx ₹745 Crores, 29,101,562 Equity Share |
| Fresh Issue: | Approx ₹745 Crores, 29,101,562 Equity Share |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹243 to ₹256 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
Bansal Wire IPO Lot Size
Investors can place bids starting with a minimum of 58 shares and in multiples of 58 thereafter. The table below outlines the minimum and maximum investment amounts for retail investors and high net-worth individuals (HNIs) based on the number of shares.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 58 | ₹ 14,848 |
| Retail (Max) | 13 | 754 | ₹ 1,93,024 |
| S-HNI (Min) | 14 | 812 | ₹ 2,07,872 |
| S-HNI (Max) | 67 | 3,886 | ₹ 9,94,816 |
| B-HNI (Min) | 68 | 3,944 | ₹ 10,09,664 |
Bansal Wire IPO Timeline
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 Promoter Holding
The company’s promoters are Arun Gupta, Anita Gupta, Pranav Bansal, and Arun Kumar Gupta HUF.
| Share Holding Pre Issue | 95.78% |
| Share Holding Post Issue |
Bansal Wire Industries Limited Financials
Bansal Wire Industries Limited’s revenue grew by 1.99%, and its profit after tax (PAT) increased by 31.48% between the financial years ending March 31, 2023, and March 31, 2024.
| Amount in ₹ Crore | |||
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 1,264.01 | 749.05 | 695.48 |
| Revenue | 2,470.89 | 2,422.57 | 2,205.07 |
| Profit After Tax | 78.8 | 59.93 | 57.29 |
| Net Worth | 422.37 | 282.51 | 223.01 |
| Reserves and Surplus | 358.64 | 273.41 | 213.91 |
| Total Borrowing | 681.14 | 422.19 | 413.15 |
Key Performance Indicator
| KPI | Values |
| ROE | 21.19% |
| ROCE | 18.46% |
| Debt/Equity | 1.48 |
| RoNW | 18.27% |
| P/BV | 7.72 |
| PAT Margin (%) | 3.19 |
Bansal Wire IPO Valuation
Check Bansal Wire IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.70 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 21.21% |
| Net Asset Value (NAV): | ₹22.17 per Equity Share |
Peer Group
Rajratan Global Wire Limited
Company Promoters
Arun Gupta
Anita Gupta
Pranav Bansal
Arun Kumar Gupta HUF
Bansal Wire IPO Registrar
Registrar: Kfin Technologies Limited
Phone: 040-6716-2222, 040-7961-1000
Email: bwil.ipo@kfintech.com
Website: Kfin Technologies IPO Status
Bansal Wire IPO Allotment Status Check
Check the Bansal Wire IPO allotment status on the Kfin Technologies website. Click Here
Bansal Wire IPO Lead Managers (Merchant Bankers)
SBI Capital Markets Limited
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
Company Address
Bansal Wire Industries Limited
F-3, Main Road
Shastri Nagar,
Delhi-110052
Phone: 011-2365 1891
Email: investorrelations@bansalwire.com
Website: Bansal Wire
Bansal Wire IPO FAQs
What is Bansal Wire IPO?
Bansal Wire IPO is a main-board IPO aiming to raise ₹745 crores, priced at ₹243 to ₹256 per equity share. It will be listed on BSE & NSE.
When will the Bansal Wire IPO open?
The IPO will open on July 3, 2024, for QIB, NII, and retail investors.
What is the Bansal Wire IPO Investors’ Portion?
QIB: 50%
NII: 15%
Retail: 35%
How to Apply for the Bansal Wire IPO?
You can apply for the Bansal Wire IPO via ASBA online through your bank account or UPI through your stock brokers. You can also apply by filling up the offline form through your stock brokers.
How to Apply for the Bansal Wire IPO through Zerodha?
Log in to Console on the Zerodha website or app.
Go to Portfolio and click on IPO.
Select “Bansal Wire” and click on the Bid button.
Enter your UPI ID, quantity, and price, and submit the IPO application form.
Approve the mandate on your UPI app or net banking.
How to Apply for the Bansal Wire IPO through Upstox?
Log in to the Upstox app with your credentials.
Select the IPO and choose “Bansal Wire”.
Click on the Bid button and confirm your application.
Approve the mandate on your UPI app or net banking.
What is the Bansal Wire IPO Size?
The IPO size is ₹745 crores.
What is the Bansal Wire IPO Price Band?
The price band is ₹243 to ₹256.
What is the Bansal Wire IPO Allotment Date?
The allotment date is July 8, 2024.
What is the Bansal Wire IPO Listing Date?
The listing date is July 10, 2024, on BSE and NSE.
Note: The Bansal Wire IPO price band and date are not officially announced yet. The IPO grey market premium (Bansal Wire IPO Premium) will be updated on the IPO grey market page once available.
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