Bansal Wire IPO vs Vraj Iron and Steel IPO

Comparision between Bansal Wire IPO and Vraj Iron and Steel IPO.

IPO Details

Bansal Wire IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vraj Iron and Steel IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bansal Wire IPO	Vraj Iron and Steel IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	SBI Capital Markets Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)	Aryaman Financial Services Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bansal Wire IPO is up to ₹745.00 Cr whereas the issue size of the Vraj Iron and Steel IPO is up to ₹171.00 Cr. The final issue price of Bansal Wire IPO is ₹256.00 per share and of Vraj Iron and Steel IPO is ₹207.00 per share.

	Bansal Wire IPO	Vraj Iron and Steel IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹243.00 per share	₹195.00 per share
Issue Price (Upper)	₹256.00 per share	₹207.00 per share
Issue Price (Final)	₹256.00 per share	₹207.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	58 shares	72 shares
Fresh Issue Size	2,91,01,562 shares	82,60,870 shares
Fresh Issue Size (Amount)	up to ₹745.00 Cr	up to ₹171.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,91,01,562 shares	82,60,870 shares
Issue Size Total (Amount)	up to ₹745.00 Cr	up to ₹171.00 Cr

IPO Timetable

Bansal Wire IPO opens on Jul 03, 2024, while Vraj Iron and Steel IPO opens on Jun 26, 2024. The closing date of Bansal Wire IPO and Vraj Iron and Steel IPO is Jul 05, 2024, and Jun 28, 2024, respectively.

	Bansal Wire IPO	Vraj Iron and Steel IPO
Anchor Bid Date	Jul 02, 2024	Jun 25, 2024
Issue Open	Jul 03, 2024	Jun 26, 2024
Issue Close	Jul 05, 2024	Jun 28, 2024
Basis Of Allotment (Tentative)	Jul 08, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Jul 09, 2024	Jul 02, 2024
Credit of Share (Tentative)	Jul 09, 2024	Jul 02, 2024
Listing date (Tentative)	Jul 10, 2024	Jul 03, 2024
Anchor Lockin End date 1	Aug 07, 2024	Jul 31, 2024
Anchor Lockin End date 2	Oct 06, 2024	Sep 29, 2024

Financials

Bansal Wire IPO P/E ratio is 41.41, as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

Bansal Wire IPO

Vraj Iron and Steel IPO

Financial

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

Vraj Iron and Steel Limited Financial Information (Restated Consolidated)

Vraj Iron and Steel Limited's revenue increased by 24.87% and profit after tax (PAT) rose by 88.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	253.05	191.54	150.77	126.33
Revenue	304.81	517.42	414.38	290.93
Profit After Tax	44.58	54.00	28.70	10.99
Net Worth	187.50	140.92	87.14	57.79
Reserves and Surplus	162.78	135.97	82.19	52.85
Total Borrowing	49.30	22.98	42.51	45.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

73.60%

99.99%

Promoter Shareholding (Post-Issue)

59.92%

P/E Ratio

41.41

9.48

Market Cap

₹4007.83 Cr.

₹682.74 Cr.

ROE

21.19%%

23.78%%

ROCE

18.46%%

25.34%%

Debt/Equity

1.48

0.27

EPS

₹6.18

₹21.84

RoNW

18.27%%

23.78%%

Shares Offered

In the Bansal Wire IPO retail investors (RII) are offered 1,01,85,547 shares while in Vraj Iron and Steel IPO retail investors are offered 1,01,85,547 shares. Qualified institutional buyers (QIB) are offered 58,20,313 shares in Bansal Wire IPO and 16,52,174 shares in Vraj Iron and Steel IPO.

	Bansal Wire IPO	Vraj Iron and Steel IPO
Anchor Investor Reserveration	87,30,468 shares	24,78,259 shares
Market Maker Reserveration
QIB	58,20,313 shares	16,52,174 shares
NII	43,65,234 shares	12,39,130 shares
RII	1,01,85,547 shares	28,91,305 shares
Employee	0 shares	0 shares
Others
Total	2,03,71,094 shares	57,82,609 shares

Bids Received (Subscription)

Bansal Wire IPO subscribed 62.76x in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

	Bansal Wire IPO	Vraj Iron and Steel IPO
QIB (times)	153.86x	173.99x
NII (times)	54.21x	221.66x
Big NII (times)	55.27x	217.50x
Small NII (times)	52.11x	229.99x
RII (times)	14.37x	58.31x
Employee (times)
Other (times)
Total (times)	62.76x	126.36x

Compare with others

Bansal Wire IPO	Vraj Iron and Steel IPO
Unicommerce eSolutions IPO	Akums Drugs and Pharmaceuticals IPO
Brainbees Solutions (Firstcry) IPO	Sanstar IPO
Ceigall India IPO	Bansal Wire IPO
Akums Drugs and Pharmaceuticals IPO	Emcure Pharma IPO
Sanstar IPO	OLA Electric IPO
Emcure Pharma IPO	Aasaan Loans IPO
OLA Electric IPO	Stanley Lifestyles IPO
Vraj Iron and Steel IPO	DEE Piping Systems IPO
Aasaan Loans IPO	ixigo IPO
Stanley Lifestyles IPO	Kronox Lab Sciences IPO

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