Bansal Wire Industries Ltd
Price Range
₹243 - ₹256
Min. Quantity
58
Closes on
5 July 2024
Min. investment
₹14,848/754 Shares
Bansal Wire Industries Ltd IPO Timeline
Bansal Wire Industries Ltd. was originally incorporated as a Private Limited Company under the name of 'Bansal Wire Industries Private Limited' on December 11, 1985, issued by the RoC. Thereafter, the Company was converted into a Public Limited Company and the name was changed to 'Bansal Wire Industries Limited', and a fresh Certificate of incorporation upon conversion from a Private Limited to Public Limited was issued by the RoC on November 13, 1995.
| Event | Date |
|---|---|
| Bansal Wire Industries Ltd IPO Opening Date | 3 July 2024 |
| Bansal Wire Industries Ltd IPO Closing Date | 5 July 2024 |
| Basis of Allotment | 8 July 2024 |
| Initiation of Refunds | 9 July 2024 |
| Credit of Shares to Demat | 9 July 2024 |
| Bansal Wire Industries Ltd IPO Listing Date | 10 July 2024 |
Bansal Wire Industries Ltd IPO Details
| Bansal Wire Industries Ltd IPO Date | 3 July 2024 to 5 July 2024 |
| Bansal Wire Industries Ltd IPO Face Value | ₹5 per share |
| Bansal Wire Industries Ltd IPO Price | ₹243 to ₹256 per share |
| Bansal Wire Industries Ltd IPO Lot Size | 58 |
| Issue Size | Shares of ₹5 (aggregating up to ₹745 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹745 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 61,31,687 of the Net Offer |
| Retail Shares Offered | Not less than 1,07,30,453 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 45,98,766 of the Net Offer |
| Company Promoters | Arun Gupta, Anita Gupta, Pranav Bansal |
Bansal Wire Industries Ltd IPO Lot Size
The Bansal Wire Industries Ltd IPO lot size is 58 shares. A retail-individual investor can apply for up to 13 lots (754 shares or ₹1,93,024).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 58 | ₹14,848 |
| Maximum | 13 | 754 | ₹1,93,024 |
- Strengths
- Risks
- Opportunities
- Steel wire manufacturers with revenue of Rs. 24,447.19 million in Fiscal 2024 with established market position and strong brand equity.
- More than 5,000 customer base with presence across various sectors.
- Economies of scale.
- Product Portfolio with over 3,000 stock keeping units across the steel wire industry with good mix of high volume and better margin products.
- Business model with stable and consistent margin profile.
- Promoters and management with industry expertise of over 38 years.
Company Financials
Bansal Wire Industries Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,052.4 | 2,288.69 | 68.42 |
| 03-2023 | 752.58 | 2,422.56 | 59.98 |
| 03-2022 | 695.48 | 2,205.07 | 57.29 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment or prepayment of all or a portion of certain outstanding borrowings-Availed by the company
- Repayment of prepayment of all or a portion of ceratin outstanding borrowings-Availed by the subsidiary
- Funding the working capital requirements of the company
- General corporate purposes
Bansal Wire Industries Ltd IPO Promoter Holding
| Pre Issue Share Holding | 24.12% |
| Post Issue Share Holding | 19.63% |
Bansal Wire Industries Ltd IPO Subscription Status (Bidding Detail)
The Bansal Wire Industries Ltd IPO is subscribed 59.57 times on 5 July 2024 05:00:00 PM. The public issue subscribed 13.64 times in the retail category, 146.05 times in the QIB category, and 51.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 146.05 | 51.46 | 13.64 | - | 59.57 |
Bansal Wire Industries Ltd IPO Prospectus
Bansal Wire Industries Ltd IPO Listing Date
| Listing Date | 10 July 2024 |
| BSE Script | 544209 |
| NSE Symbol | BANSALWIRE |
| Listing In | BSE, NSE |
| ISIN | INE0B9K01025 |
| IPO Price | ₹256 |
| Face Value | ₹5 |
Company Contact Information
F 3 Main RoadShastri Nagar,Delhi-110052
Phone: 011 2365 1891/92/93
Email: investorrelations@bansalwire.com
Website: www.bansalwire.com
Bansal Wire Industries Ltd IPO Registrar
Bansal Wire Industries Ltd IPO Lead Manager(s)
- SBI Capital Markets Ltd
- DAM Capital Advisors Ltd
FAQ
What is the issue size of Bansal Wire Industries Ltd IPO?
I have pre-applied for Bansal Wire Industries Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.