Bansal Wire Industries Limited IPO Message Board (Page 13)

Renewable energy producer ACME Solar Holdings has filed for a Rs 3,000 crore public issue, according to a Bloomberg report.

Apply for Bhansali Wires with FF.
Maintain the open positions.
No need to sell even single share in Grey.
If allowed, keep hold strong. Having high hopes for better Rewards in the short term.
Vinod VarmaKING VINOD

Very true ..Dear,..KING VINOD ...MANY CREAM MEMBERS HAVE stepped writing here...YOU ARE having good knowledge and contact regarding NEW IPOS ..SO PLEASE SHARE HERE WHATEVER NEWS OR VIEWS YOU HAVE.HUMBLE REQUEST. 🙏

Sir ke aate he Gmp shoot 🔥 🔥.

Applied...

DEAR ARJUN,please B present here on regular basis,and share your views and news...🙏

Applied FF in bHni.

Nil Allotment.

Urgent help:
In Emcure ASBA, i put qty in price box and and price in qty box.
Now IndusInd bank not allowing me to change with msg "bidding on exchange is pending". Any idea if i can update this after how much time, i applied at 9:30 AM.

Sheer coincidence of bad luck brother. Its upper price band 1008 corresponds exactly to 72 lots, and the price band is 960-1008 hence 994 is also acceptable. Quantity (bid size) can be increased so can the price. Suggest to visit your bank to revise your bid price to 1008 from 994. Not sure if this can be done in Indusind, though axis bank does seem to have simple online system to edit both quantity and price as I can see on its IPO portal.Havent tried it yet though. But worth trying. Second application will cancel both your applications, so not recommended

You can not do anything, I guess. Just ignore thinking you didnt get allotment. All the best for next one

Yes, apply with FF

The QIBs will flock here in big numbers asap..

Bansal subscription

Anyone can guess expected bhni subscription?

Avoiding Bansal.. Not comfortable with the valuation..

Even after repayment of loans the valuation (atleast for me) is quite expensive.

PS: I have been wrong before like any other market enthusiasts.

@newgen consultancy sir,your view on Muthoot Microfin was also like bansal wire but quoating 18% below ipo price after 7months of ipo even posting good results I am holding all 4 lots.what is your view on that now.I think stock moves on good group backing not only on fundamental.

It is A Very Good Company

Sometimes Things Don't Go Our Ways

I Will Stick To My Analysis

Bullish On It !

Expectation How many times will it oversubscribe

Overall it is already subscribed 8x currently. There is going to be heavy oversubscription in all segments. Please check subscription figures in this page in the evening.

:53:53 AM
Fire 🔥🔥 🔥 DEEDEV @ 361....Sherkhan stock broking Short term target @ 450+...

Appears the stock broking firm has some fascination towards figure 450 😁 Same target was given by the firm for ABDL

Bansal Wire Industries Limited IPO

Final Verdict

Applying For Good Listing Gains And Long-term

Highlights of the Issue :
Date : 3-5 July
Price Band : 243-256
M.cap : 4008 cr
Size : 745 cr
(Full Fresh)

Objects Of The Issue :

1.Repayment Of Debt -
546 cr

2.Funding Working Capital - 60 cr

2.GCP - 139 cr
Key Pointers :

1.The Company is India's 2nd Largest Steel Wire And Largest Stainless Steel Wire Manufacturer

2.The Company Intends To Repay A Debt of 546 cr saving A Significant Interest Cost Annually

3.The Company Aquired It's Group Company Bansal Steel And Power (BSPL) In Dec 23 And In Financials Of FY24,
BSPL's Financial Performance is Considered only of 4 months,
So Bansal's PAT Is Above 100 cr in FY24

4.The Company is Setting Up New Manufacturing Facility which is 2.5× Capacity of The Current One which will Boost Financial Performance From FY25 By Large Margin

5.Bansal Wire's The 1st Company to Commence New Segment of Speciality Wires which is A High Margin Product

6.The Balance Sheet Post Listing Will Get Extremely Healthy Post Deleveraging and Consolidation of BSPL
Forward Earnings Projections :

FY23 :
Rev : 2413 cr
PAT : 60 cr

FY24 :
Rev : 2466 cr
PAT : 78.8 cr

Post Full Year Consolidation of BSPL :
Rev : ~2950 cr
PAT : ~102 cr

FY 25* :
Rev : 3475 cr
PAT : 131 cr

FY 26* :
Rev : 4275 cr
PAT : 192 cr

Giving It A 35× FY26
Fair Price Comes At 430 Indicating An Upside Of 68%

The Earnings Going Forward Seems Very Super

▪︎ The Company Will Be India's Largest Steel Wire Manufacturer Post Complete Commencing of Its New Plant which will increase its Capacity by 2.5×

▪︎ The 35× Multiple Seems Rich But A Sector Leader With Solid Outlook Should Command The Premium

▪︎ The Bansal Group May Even Try To Consolidate Their Remaining Group Companies Into This Entity Going Forward

All in All,
A Solid Company,
With Solid Outlook

This Whole Analysis Is Just A Personal View,
Only For Eduacational Purposes

​@newgen consultancy Thank you. Very good and very useful and reliable analysis. helps a lot for applying FF and holding, if allottrd, for future gains.

very good analysis sirji and have helped alot in getting informed decisions through your valuable analysis for final decisions

Please anyone kindly help ,which category to select
1) NOH [NIB] - NOH or
2) IND [NIB] - INDNIB
for above 2lac or above 10 lac amount for applying ipo in CANARA BANK? below image attached.
please help.

Individuals can use IND [NIB] - INDNIB for above 2 lacs applications 🙏

Thank you, sir for your reply, all the best for allotment. 🙏

​@rohiitian sir , can the contra bet of going ff in bansal and less in emcure be beneficial? what do you think about fundamentals and future of bansal alongside listing pop?

​@Manan Surana I do think so - but Bansal is smaller so i feel it will gather steam quickly towards the end and have similar or more subx than Emcure due to small size.

Hi I have money for 1 BhNI . Should i go for Emcure or Bansal?

​@Contra Emcure, being a better company.

​@Contra Emcure definitely, but, if funds for retail available then apply one retail in Bansal too..

I Found This IPO Extremely Interesting

Good Analysts Should Dig Down In UT

You will Be Amazed

​@MuStrFc 

✅️

​@MuStrFc Good observations sir ji👏👍
​@newgen consultancy Thanks sir ji for more clarity🙏🙏Now going FF in BWIL

Which app other than zerodah allow to sale in pre open ( Sme and Mainline both)

​@Gagz  Groww doesn't allow sme pre open selling

RAHULJI
ICICI DIRECT PLATFORM ON LAP TOP ALLOWS PREOPEN SELLING BOTH FOR SME AND MAIN BOARD IPO. RECENT EXAMPLE WHIC I EXECUTED ARE ALLIED BLENDERS AND PETROCARBONS AND CHEMICALS.
MOBILE APP PF ICICI DIR SHOULD ALSO DO , HOWEVER I HAVE NOT TRIED.
REGARDS , HOPE IT HELPS

After new rule in sme maximum listing @90%

Kya phir se sme good company ki listing issue price p hogi jese 2020-21 se pehle Hoti thi????

At PNB net banking portal, do i need to add again and again the applicant details in ASBA section or I can add one time DEMAT details? I tried but not found option like, what we have in SBI. Anyone suggest how to add this in PNB.
🙏Thanks

Unfortunately no option to add details one time. I am using PNB and it is very time consuming.