Bansal Wire IPO Details: The Bansal Wire IPO is scheduled to open on July 3, 2024, and close on July 5, 2024. The IPO aims to raise approximately ₹745 crores, consisting of a fresh issue worth ₹745 crores and an offer for sale of up to 29,101,562 equity shares at ₹5 each. The allocation is set with a retail quota of 35%, a Qualified Institutional Buyers (QIB) quota of 50%, and a High Net-Worth Individuals (HNI) quota of 15%.
Bansal Wire is a leading player in the stainless steel wire manufacturing industry and the second largest in steel wire manufacturing by volume in India, with production figures of 72,176 MTPA and 206,466 MTPA respectively in Fiscal 2023. This represents a market share of 20% in stainless steel wire and approximately 4% in steel wire (Source: CRISIL Report). Since its incorporation in 1985, the company has consistently delivered high-quality products, establishing a strong presence in the steel wire industry. Over its 38-year legacy, Bansal Wire has developed a diversified portfolio catering to various sectors including automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture, and auto replacement.
Bansal Wire stands out in the steel wire manufacturing sector for several reasons:
- They produce over 3,000 stock-keeping units (SKUs), the highest among all steel wire manufacturers in India, with sizes ranging from as thin as 0.04 mm to as thick as 15.65 mm.
- With a diverse customer base of over 5,000 clients across various sectors, they have built a robust network contributing to sustained growth.
- As part of their de-risking strategy, no single customer accounts for more than 5% of their sales, and no single sector or segment constitutes more than 25% of their sales, ensuring a balanced and resilient business model.
- They operate on a “Cost Plus model,” focusing on remaining immune to commodity price fluctuations.
- The promoters have been in the steel wire manufacturing business since 1938, bringing three generations of experience.
- Their pan-India presence extends to over 50 countries through exports, solidifying their position in the international market.
- They currently operate from four manufacturing facilities and are setting up the largest single-location manufacturing facility for steel wire in Dadri, India, which will be among the largest in Asia.
- Their flexible product mix and plant capabilities allow them to switch or add production lines based on industry demands.
- They have a long-standing track record of generating operating profits, demonstrating their ability to navigate challenges and maintain a successful and sustainable business.
Bansal Wire operates in three main segments: high carbon steel wire, mild steel wire (low carbon steel wire), and stainless steel wire. They will also be adding a new segment of specialty wires through their upcoming plant in Dadri, which will help expand their market presence in the coming years.
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 (Apply or Not)
- Update Soon
Bansal Wire IPO Date & Price Band Details:
| IPO 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Bansal Wire IPO Lot Size:
The Bansal Wire IPO has a minimum market lot of 58 shares, requiring an application amount of ₹14,848. Retail investors can apply for up to 13 lots, which equates to 754 shares or an application amount of ₹193,024.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 58 | ₹14,848 |
| Retail Maximum | 13 | 754 | ₹193,024 |
| S-HNI Minimum | 14 | 812 | ₹207,872 |
| B-HNI Minimum | 68 | 3944 | ₹1,009,664 |
Bansal Wire IPO Timeline:
The Bansal Wire IPO will open on July 3 and close on July 5. The allotment of shares will be finalized on July 8, with the IPO listing scheduled for July 10.
| IPO Open Date: | July 3, 2024 |
| IPO Close Date: | July 5, 2024 |
| Basis of Allotment: | July 8, 2024 |
| Refunds: | July 9, 2024 |
| Credit to Demat Account: | July 9, 2024 |
| IPO Listing Date: | July 10, 2024 |
Bansal Wire IPO GMP Today:
The last Grey Market Premium (GMP) for the Bansal Wire IPO is ₹65. With a price band of ₹256, the estimated listing price is ₹321 (cap price + today’s GMP). This translates to an expected gain of approximately 25.39% per share.
Bansal Wire Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹1480.42 | ₹1424.11 | ₹40.47 |
| 2022 | ₹2205.07 | ₹2126.94 | ₹57.29 |
| 2023 | ₹2422.57 | ₹2341.02 | ₹59.93 |
| Sept 2023 | ₹1154.03 | ₹1105.62 | ₹39.00 |
Bansal Wire IPO Valuation – FY2023
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bwil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Bansal Wire IPO Allotment Status Check
Check Bansal Wire IPO allotment status on Kfin Technologies website allotment URL. Click Here
Bansal Wire IPO Lead Managers aka 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: https://bansalwire.com/
Bansal Wire IPO FAQs
1. What are the opening and closing dates for the Bansal Wire IPO?
The Bansal Wire IPO will open on July 3, 2024, and close on July 5, 2024.
2. What is the size of the Bansal Wire IPO?
The IPO aims to raise approximately ₹745 crores, consisting of a fresh issue worth ₹745 crores and an offer for sale of up to 29,101,562 equity shares at ₹5 each.
3. What is the price band for the Bansal Wire IPO?
The price band for the Bansal Wire IPO is set at ₹256 per share.
4. What is the minimum market lot for the Bansal Wire IPO?
The minimum market lot is 58 shares, requiring an application amount of ₹14,848.
5. How many lots can retail investors apply for?
Retail investors can apply for up to 13 lots, which equates to 754 shares or an application amount of ₹193,024.
6. When will the Bansal Wire IPO allotment be finalized?
The allotment of shares will be finalized on July 8, 2024.
7. When is the Bansal Wire IPO listing date?
The Bansal Wire IPO is scheduled to be listed on July 10, 2024.
8. What is the last reported Grey Market Premium (GMP) for the Bansal Wire IPO?
As of July 1, 2024, at 6:28 PM, the last reported GMP is ₹65.
9. What is the estimated listing price for the Bansal Wire IPO?
Based on the last reported GMP, the estimated listing price is ₹321 (cap price + today’s GMP).
10. What is the expected percentage gain or loss per share?
The expected gain per share is approximately 25.39%.
11. What is the retail investor quota for the Bansal Wire IPO?
The retail investor quota is 35%.
12. What is the Qualified Institutional Buyers (QIB) quota for the Bansal Wire IPO?
The QIB quota is 50%.
13. What is the High Net-Worth Individuals (HNI) quota for the Bansal Wire IPO?
The HNI quota is 15%.
14. What are the key segments Bansal Wire operates in?
Bansal Wire operates in three main segments: high carbon steel wire, mild steel wire (low carbon steel wire), and stainless steel wire. They will also be adding a new segment of specialty wires through their upcoming plant in Dadri.
15. How long has Bansal Wire been in operation?
Bansal Wire was incorporated in 1985 and has been in operation for 38 years.
16. What is the production capacity of Bansal Wire?
As of Fiscal 2023, Bansal Wire’s production capacity is 72,176 MTPA for stainless steel wire and 206,466 MTPA for steel wire.
17. What market share does Bansal Wire hold in its industry?
Bansal Wire holds a 20% market share in the stainless steel wire industry and approximately a 4% market share in the steel wire industry in India (Source: CRISIL Report).
18. What are the key strengths of Bansal Wire?
Bansal Wire’s key strengths include a diversified product portfolio with over 3,000 SKUs, a robust customer base of over 5,000 clients, a balanced sales distribution, a “Cost Plus model” to mitigate commodity price fluctuations, and extensive experience in the industry dating back to 1938.
19. What are Bansal Wire’s plans for future expansion?
Bansal Wire plans to set up the largest single-location manufacturing facility for steel wire in Dadri, India, which will be among the largest capacities in Asia. They are also expanding into the specialty wires segment through this new plant.
