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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 bidding started from July 3, 2024 and ended on July 5, 2024. The allotment for Bansal Wire IPO was finalized on Monday, July 8, 2024. The shares got listed on BSE, NSE on 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.
| IPO Date | July 3, 2024 to July 5, 2024 |
| Listing Date | July 10, 2024 |
| 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 offers 29,101,562 shares. 5,820,313 (20.00%) to QIB, 4,365,234 (15.00%) to NII, 10,185,547 (35.00%) to RII and 8,730,468 (30.00%) to Anchor investors. 175,612 RIIs will receive minimum 58 shares and 1,791 (sNII) and 3,583 (bNII) will receive minimum 812 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 8,730,468 (30.00%) | NA |
| QIB Shares Offered | 5,820,313 (20.00%) | NA |
| NII (HNI) Shares Offered | 4,365,234 (15.00%) | |
| bNII > ₹10L | 2,910,157 (10.00%) | 3,583 |
| sNII < ₹10L | 1,455,078 (5.00%) | 1,791 |
| Retail Shares Offered | 10,185,547 (35.00%) | 175,612 |
| Total Shares Offered | 29,101,562 (100%) |
Bansal Wire IPO raises Rs 223.50 crore from anchor investors. Bansal Wire IPO Anchor bid date is July 2, 2024. Bansal Wire IPO Anchor Investors list
| Bid Date | July 2, 2024 |
| Shares Offered | 8,730,468 |
| Anchor Portion Size (In Cr.) | 223.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 7, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 6, 2024 |
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 |
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 | |||
The Promoters of the company are Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta HUF.
| Share Holding Pre Issue | 73.60% |
| Share Holding Post Issue | 59.92% |
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'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 | |||
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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.18 | 5.03 |
| P/E (x) | 41.41 | 50.86 |
The company proposes to use the Net Proceeds from the Issue for the following purposes:
[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...
The Bansal Wire IPO is subscribed 62.76 times on July 5, 2024 6:20:05 PM. The public issue subscribed 14.37 times in the retail category, 153.86 times in the QIB category, and 54.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 153.86 |
| NII | 54.21 |
| bNII (bids above ₹10L) | 55.27 |
| sNII (bids below ₹10L) | 52.11 |
| Retail | 14.37 |
| Total | 62.76 |
Total Application : 2,159,874 (12.30 times)
| Listing Date | July 10, 2024 |
| BSE Script Code | 544209 |
| NSE Symbol | BANSALWIRE |
| ISIN | INE0B9K01025 |
| Final Issue Price | ₹256 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹256.00 |
| ₹352.05 |
| ₹335.85 |
| ₹368.70 |
| ₹350.30 |
| NSE |
|---|
| ₹256.00 |
| ₹356.00 |
| ₹336.00 |
| ₹372.00 |
| ₹350.35 |
Bansal Wire Industries Limited
F-3, Main Road
Shastri Nagar,
Delhi-110052
Phone: 011-2365 1891
Email: investorrelations@bansalwire.com
Website: https://bansalwire.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bwil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Bansal Wire IPO is a main-board IPO of 29,101,562 equity shares of the face value of ₹5 aggregating up to ₹745.00 Crores. The issue is priced at ₹243 to ₹256 per share. The minimum order quantity is 58 Shares.
The IPO opens on July 3, 2024, and closes on July 5, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bansal Wire IPO using UPI as a payment gateway. Zerodha customers can apply in Bansal Wire IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bansal Wire IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bansal Wire IPO opens on July 3, 2024 and closes on July 5, 2024.
Bansal Wire IPO lot size is 58 Shares, and the minimum amount required is ₹14,848.
You can apply in Bansal Wire IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Bansal Wire IPO will be done on Monday, July 8, 2024, and the allotted shares will be credited to your demat account by Tuesday, July 9, 2024. Check the Bansal Wire IPO allotment status.
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RHP
IPO Mentor (1200+ Posts, 400+ Likes)
Top Contributor (700+ Posts, 100+ Likes)
IPO Guru (1300+ Posts, 600+ Likes)
A Recently listed co.
🥇Market leader in Steel wire mfg.
Posted Marvelous and Blockbuster Q1 Result
YoY comparison
📌Revenue 818 cr vs 549 cr
#YoY 50% Growth 💹🎆
📌PAT
32 cr vs 17 cr
#YoY 88% growth 💹🎉✨🎉
Both Top and Bottom line Growth can be seen.🟩🟩
📌📌📌
Acquisition of Bansal Steel & Power's Remaining 23.85% shares of subsidiary to make it Wholly owned subsidiary of Bansal Wire
FY 24 666 cr Revenue
Another Positive Move.✨