IPO

Bansal Wire Industries Limited IPO

Mainboard

Iron & Steel Products

Listed On: Jul 10, 2024 at ₹ 356.0(NSE)

₹ 14848 /58 Shares

Check Allotment

03 Jul, 2024

Open Date

05 Jul, 2024

Close Date

08 Jul, 2024

Allotment Date

10 Jul, 2024

Listing Date
Price Summary

Last Closing

312.50 (22.07%)

52 Week High

503.95

52 Week Low

306.40

Last Update

30-Oct-2025 3:30 PM
Bansal Wire Industries Limited IPO Issue Details
  • Issue Price ₹243-256 per equity share
  • Face Value ₹5 Per Equity Share
  • Total Issue Size 2,91,01,562 shares(aggregating up to ₹745 crore)
  • Fresh Share 2,91,01,562 shares(aggregating up to ₹745 crore)
  • Listing at BSE, NSE
  • List Price 356.0(NSE)
  • Listing Date 2024-07-10
  • Lead Manager SBI Capital Markets Limited
    Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
  • Registrar Kfin Technologies Limited
Market Lot Size

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

ApplicationLotsSharesAmount
Retail (min) 158₹14,848
Retail(max)13754₹1,93,024
Bansal Wire Industries Limited IPO Reservation

Bansal Wire Industries Limited IPO offers total 29,101,562 shares. Out of which 5,820,313 (20%) allocated to QIB, 4,365,234 (15%) allocated to NII,10,185,547 (35%) allocated to RII, NA (NA%) allocated to employees and 8,730,468 (30%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered8,730,468 (30%)
QIB Shares Offered5,820,313 (20%)
NII (HNI) Shares Offered4,365,234 (15%)
bNII < ₹10L2,910,157 (10%)
sNII < ₹10L1,455,078 (5%)
Retail Shares Offered10,185,547 (35%)
Total Shares Offered29,101,562 (100%)
Bansal Wire Industries Limited IPO Documents
DRHP
RHP
ANCHOR
Bansal Wire Industries Limited IPO Details


Bansal Wire Industries Limited IPO is a book-built issue of ₹745 crores, The total issue size is ₹745 crores. The IPO of Bansal Wire Industries Limited is priced at ₹243-256 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Jul 3, 2024 and ends on Jul 5, 2024. The allotment for Bansal Wire Industries Limited IPO will be finalized on Jul 8, 2024. Bansal Wire Industries Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 10, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 58 shares, extendable to 14,848. The book-running lead manager for the IPO is/are SBI Capital Markets Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd).

The total issue ₹745 crore, comprising a fresh issue of 2,91,01,562 shares ₹745 crore
The Bansal Wire Industries Limited IPO sets its price band at 243-256 for each share. A single application for Bansal Wire Industries Limited IPO must contain at least 58 shares. Sentiment investors need to invest a minimum of 58 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,848

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Bansal Wire Industries Limited IPO Subscription Analysis And Details
Retail
13.61x
QIB
146.05x
NII
51.45x
bNII
52.46x
sNII
49.44x
Total
59.56x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved5,820,3134,365,234
2,910,157    1,455,078		10,185,54720,371,094
Day 1 03-07-24 05:00 PM
0.01 x2.44
1.90 x   3.54 x		2.47 x1.76 x
Day 2 04-07-24 05:00 PM
0.09 x12.16
10.94 x   14.61 x		6.19 x5.73 x
Day 3 05-07-24 05:00 PM
146.05 x51.45
52.46 x   49.44 x		13.61 x59.56 x
Total No of Applications
21,59,874
Subscription on the basis of Applications
Retail:11.6x BHNI:10.92x SHNI:49.93x
Bansal Wire Industries Limited Valuations
EPS Pre IPO ₹6.18/-
EPS Post IPO ₹5.03/-
P/E Pre IPO 41.41
P/E Post IPO 50.86
ROE 21.19%
ROCE 18.46%
Debt/Equity 1.48
RoNW 18.27%
PAT Margin 3.19%
Price to Book Value 7.72
Bansal Wire Industries Limited Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets1,264.01749.05695.48
Revenue2,470.892,422.572,205.07
Profit After Tax78.8059.9357.29
Net Worth422.37282.51223.01
Reserves & Surplus358.64273.41213.91
Total Borrowing681.14422.19413.15
About Bansal Wire Industries Limited Company

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.

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Bansal Wire Industries Limited - Promoter(s)

Arun Gupta

Anita Gupta

Pranav Bansal

Arun Kumar Gupta HUF

Pre Issue Share Holding : 73.60%

Post Issue Share Holding : 59.92%

Bansal Wire Industries Limited IPO - Issue Objectives
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

3

General corporate purposes.

Bansal Wire Industries Limited IPO - Anchor Investors

Bansal Wire Industries mobilises over Rs 223 crore via anchor book.

SBI Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Eastspring Investments, Optimix Wholesale Global Emerging Markets Share Trust, HSBC Mutual Fund and Edelweiss Trusteeship participated in the anchor book launched by the company for a day on Tuesday.

In addition, Motilal Oswal Mutual Fund, Carmignac Portfolio, Tata Mutual Fund, DSP India, Malabar Midcap Fund, and Think India Opportunities Master Fund also invested in the company via anchor book.

Bansal Wire Industries Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Bansal Wire Industries Limited6.186.1833.1441.4118.46N/AConsolidated
Rajratan Global Wire Ltd.14.1514.1597.0335.8815.417.66Consolidated
DP Wires Limited23.4323.43145.9319.2917.39N/AConsolidated
Bedmutha Industries Ltd.6.286.2837.2338.6519.04N/AConsolidated

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on June 4, 2024, divided by the Diluted EPS for the financial year ended March 31, 2024.
  2. Net Worth has been defined under Regulation 2(1)(hh) of the SEBI ICDR Regulations as the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.
  3. Return on Net Worth means the net profit after tax attributable to company owners, as restated divided by restated net worth at the end of the year/period.
  4. Net Asset Value per Equity Share represents net worth at the end of the year/period, as restated, divided by the number of Equity Shares outstanding at the end of the year/period after taking effect of bonus shares and split of equity shares.
Strength
Bansal Wire Industries employs a risk management strategy that ensures no single customer accounts for more than 5% of total sales and no one sector accounts for more than 25% of sales.
The company adopts a Cost Plus model operational strategy, effectively insulating it from fluctuations in commodity prices.
Expertise in steel wire manufacturing since 1938, spanning three generations.
Exports to over 50 countries, enhancing international footprint.
Weakness
Limited 35-45-day inventory makes operations vulnerable to supply chain disruptions.
Dependence on four facilities in Uttar Pradesh and Haryana risks regional disruptions.
Potential non-renewal of leasehold facilities could disrupt operations and impact finances.
Overseas market distribution relies on a few representatives; changes could impact operations and financial health.
Contact Details

Bansal Wire Industries Limited

F-3, Main Road, Shastri Nagar, Delhi-110052

011-2365 1891

investorrelations@bansalwire.com

https://bansalwire.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

bwil.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/