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),
- 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.
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 IPO – Details
| IPO Opening Date | 03 July 2024 |
| IPO Closing Date | 05 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2,91,01,562 Shares Worth ₹745.00 Crore Fresh Issue: 2,91,01,562 Shares Worth ₹745.00 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹243 – ₹256 per share |
| Market Lot | 58 Shares |
| Min Order | 58 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Bansal Wire IPO – Date Schedule
| IPO Open Date | 03 July 2024 |
| IPO Close Date | 05 July 2024 |
| Credit of Shares to Demat Account | 08 July 2024 |
| Initiation of Refund | 09 July 2024 |
| Credit of Shares to Demat Account | 09 July 2024 |
| IPO Listing Date | 10 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 05, 2024 |
Bansal Wire IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,848 |
| Retail (Max) | 13 | 754 | ₹1,93,024 |
| S-HNI (Min) | 14 | 812 | ₹2,07,872 |
| S-HNI (Max) | 67 | 3,886 | ₹9,94,816 |
| B-HNI (Min) | 68 | 3,944 | ₹10,09,664 |
Competitive Strengths
- Steel wire manufacturers with revenue of ₹ 24,447.19 million in Fiscal 2024 with established market position and strong brand equity;
- More than 5,000 customer base with presence across various sectors;
- Economies of scale;
- Product Portfolio with over 3,000 stock keeping units across the steel wire industry with good mix of high volume and better margin products;
- Business model with stable and consistent margin profile; and
- Promoters and management with industry expertise of over 38 years.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 2205.07 | 2126.93 | 57.29 | 413.15 |
| 31 March 2023 | 2422.56 | 2341.01 | 59.93 | 422.19 |
| 31 March 2024 | 2470.88 | 2363.83 | 78.79 | 681.14 |
Key Performance Indicator
| 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 |
Object Of The Issue
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company and the Subsidiary;
- Funding the working capital requirements of the company; and
- General corporate purposes.
Bansal Wire IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Rajratan Global Wire Limited | 35.88 |
| 2 | 10 | DP Wires Limited | 19.29 |
| 3 | 10 | Bedmutha Industries Limited | 38.65 |
Bansal Wire IPO Promoter Holding
| Pre Issue Share Holding | 95.78% |
| Post Issue Share Holding | 77.97% |
Bansal Wire IPO Prospectus
Company Contact Information
| 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 Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: bwil.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Bansal Wire IPO Lead Manager(s)
| 1. SBI Capital Markets Limited 2. Dam Capital Advisors Ltd |
Bansal Wire IPO FAQs
| What is Bansal Wire IPO? Bansal Wire IPO is a main-board IPO. The issue is priced at ₹243 to ₹256 per equity share. The IPO is to be listed on BSE & NSE. |
| When Bansal Wire IPO will open? The IPO is to open on 03 July 2024 for QIB, NII, and Retail Investors. |
| What is Bansal Wire IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Bansal Wire IPO? You can apply Bansal Wire IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Bansal Wire IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Bansal Wire”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Bansal Wire IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Bansal Wire“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Bansal Wire IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Bansal Wire”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Bansal Wire IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Bansal Wire”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Bansal Wire IPO Size? Bansal Wire IPO size is ₹745.00 Crore. |
| What is Bansal Wire IPO Price Band? Bansal Wire IPO Price Band is ₹243 to ₹256. |
| What is Bansal Wire IPO Minimum and Maximum Lot Size for retail? The minimum bid is 58 Shares with ₹14,848 amount while the maximum bid is 754 Shares with ₹1,93,024. |
| What is the Bansal Wire IPO Allotment Date? Bansal Wire IPO allotment date is 08 July 2024. |
| What is the Bansal Wire IPO Listing Date? Bansal Wire IPO listing date is 10 July 2024. The IPO is to be listed on BSE and NSE. |
