Bansal Wire IPO Description – Bansal Wire Industries is India’s second-largest steel wire manufacturer by volume. In Fiscal 2023, Bansal Wire produced 72,176 metric tons per annum (MTPA) of stainless steel wire and 206,466 MTPA of steel wire, which translates to a market share of 20% and approximately 4%, respectively.
The company offers a diverse product range with over 3,000 stock-keeping units (SKUs), the highest among Indian steel wire manufacturers. Their wire sizes range from as thin as 0.04 mm to as thick as 15.65 mm. Bansal Wire boasts a well-diversified customer base of more than 5,000 clients across various sectors, which supports its sustained growth.
Bansal Wire has a significant presence across India and extends its reach to over 50 countries through exports, reinforcing its status as a major player in the global market. The company operates four manufacturing facilities in Ghaziabad and on the Delhi-Rohtak Road in Asaudha, Bahadurgarh, and Jhajjar, Haryana. These facilities collectively have an installed capacity of 259,000 MTPA for mild steel, high carbon, and stainless steel wires.
Promoters of Bansal Wire – Arun Gupta, Anita Gupta, Pranav Bansal, and Arun Kumar Gupta HUF
Table of Contents
Bansal Wire Industries IPO Details
| Bansal Wire IPO Dates | 3 – 5 July 2024 |
| Bansal Wire Issue Price | INR 243 – 256 per share |
| Fresh issue | 2,91,01,562 shares (INR 707.17 – 745 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,91,01,562 shares (INR 707.17 – 745 crore) |
| Minimum bid (lot size) | 58 shares (INR 14,848) |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Bansal Wire Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 2,198.36 | 2,413.01 | 2,466.03 |
| Expenses | 2,126.94 | 2,341.01 | 2,363.84 |
| Net income | 57.29 | 59.93 | 78.80 |
| Margin (%) | 2.61 | 2.48 | 3.20 |
Bansal Wire Offer News
Bansal Wire Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 4.49 | 4.70 | 6.18 | 5.03 |
| PE Ratio | – | – | 39.32 – 41.42 | 48.29 – 50.88 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 25.69 | 21.21 | 18.27 |
| NAV | 17.49 | 22.16 | 33.13 |
| EBITDA (%) | 5.13 | 4.73 | 6.04 |
| ROCE (%) | 18.59 | 17.34 | 18.46 |
| Debt/Equity Ratio | 1.85 | 1.49 | 1.48 |
Bansal Wire IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 9 July 2024 | 72 | – | 3,100 |
| 8 July 2024 | 70 | – | 3,000 |
| 6 July 2024 | 65 | – | 2,800 |
| 5 July 2024 | 60 | – | 2,600 |
| 4 July 2024 | 62 | – | 2,700 |
| 3 July 2024 | 65 | – | 2,750 |
| 2 July 2024 | 70 | – | 3,000 |
| 1 July 2024 | 70 | – | 3,000 |
Bansal Wire IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company and its subsidiary – INR 546.90 crore
- Funding the working capital requirements of the company – INR 60 crore
- General corporate purposes
Bansal Wire – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Bansal Wire Industries | 41.42 | 6.18 | 18.27 | 33.13 | 2,470.89 |
| Rajratan Global Wire | 41.68 | 14.15 | 15.41 | 97.03 | 898.68 |
| DP Wires | 18.94 | 23.43 | 17.39 | 145.93 | 1,221.31 |
| Bedmutha Industries | 37.52 | 6.28 | 19.04 | 37.23 | 748.15 |
Bansal Wire IPO Dates & Listing Performance
| IPO Opening Date | 3 July 2024 |
| IPO Closing Date | 5 July 2024 |
| Finalization of Basis of Allotment | 8 July 2024 |
| Initiation of refunds | 8 July 2024 |
| Transfer of shares to demat accounts | 9 July 2024 |
| Bansal Wire IPO Listing Date | 10 July 2024 |
| Opening Price on NSE | INR 356 per share (up 39.06%) |
| Closing Price on NSE | INR 350.35 per share (up 36.86%) |
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Bansal Wire Offer Lead Manager
SBI CAPITAL MARKETS LIMITED
1501, 15th Floor, A & B Wing Parinee Crescenzo,
BKC Bandra (East) Mumbai 400 051
Phone: +91 22 4006 9807
Email:Â [email protected]
Website: www.sbicaps.com
Bansal Wire Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Bansal Wire Contact Details
BANSAL WIRE INDUSTRIES LIMITED
F-3, Main Road, Shastri Nagar, Delhi-110052
Phone:Â 011-2365 1891/92/93
Email: [email protected]
Website: www.bansalwire.com
Bansal Wire IPO FAQs
How many shares in Bansal Wire IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Bansal Wire Public Offer?
The best way to apply for Bansal Wire public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Bansal Wire IPO GMP today?
Bansal Wire IPO GMP today is INR 72 per share.
What is Bansal Wire kostak rate today?
Bansal Wire kostak rate today is INR NA per application.
What is Bansal Wire Subject to Sauda rate today?
Bansal Wire Subject to Sauda rate today is INR 3,100 per application.
