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 opens for subscription on July 3, 2024 and closes on July 5, 2024. The allotment for the Bansal Wire IPO is expected to be finalized on Monday, July 8, 2024. Bansal Wire IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, 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 | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹243 to ₹256 per share |
| Lot Size | 58 Shares |
| Total Issue Size | 29,101,562 shares (aggregating up to ₹745.00 Cr) |
| Fresh Issue | 29,101,562 shares (aggregating up to ₹745.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 127,454,390 |
| Share holding post issue | 156,555,952 |
Bansal Wire IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
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 | 95.78% |
| Share Holding Post Issue |
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,264.01 | 749.05 | 695.48 |
| Revenue | 2,470.89 | 2,422.57 | 2,205.07 |
| Profit After Tax | 78.80 | 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 |
| 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 |
|---|---|
| ROE | 21.19% |
| ROCE | 18.46% |
| Debt/Equity | 1.48 |
| RoNW | 18.27% |
| P/BV | 7.72 |
| PAT Margin (%) | 3.19 |
Check Bansal Wire IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.18 | 5.03 |
| P/E (x) | 41.41 | 50.86 |
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:
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary;
- Funding the working capital requirements of the company and
- 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 Prospectus
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/