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bansal wire ipo

Bansal Wire Industries IPO

  • Status: Closed
  • RHP:
  • ₹ 14,094 / 58 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    10 Jul 2024

  • Listing Price

    ₹352.05

  • Listing Change

    37.52%

  • Last Traded Price

    ₹413.60

IPO Details

  • Open Date

    03 Jul 2024

  • Close Date

    05 Jul 2024

  • IPO Price Range

    ₹ 243 to ₹256

  • IPO Size

    ₹ 745 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    10 Jul 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Bansal Wire Industries IPO Subscription Status

Last Updated: 08 July 2024 10:05 AM by 5Paisa

Last Updated: 5th July 2024, 18:17 PM by 5paisa

Bansal Wire Industries IPO is set to open from 3rd July to 5th July 2024. The company is engaged in the business of offering different types of steel wires. The IPO includes a fresh issue of 29,101,562 shares worth ₹745 cr. The share allotment date is 8th July 2024, and the IPO will be listed on 10th July 2024 on the stock exchanges. The price band is set at ₹243 to ₹256 and the lot size is 58 shares. 

SBI Capital Markets Limited and DAM Capital Advisors Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar. 

Objectives of Bansal Wire IPO

●    To fund working capital requirements.
●    To repay or prepay in full or partial borrowings obtained. 
●    For general corporate purposes. 

Bansal Wire IPO Video

 

Bansal Wire IPO Size

Types Size (₹Cr)
Total IPO size 745.00
Offer for sale -
Fresh issue 745.00

Bansal Wire IPO Lot Size

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

Bansal Wire IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 153.86 58,20,313 89,55,04,630 22,924.92
NII (HNI) 54.22 43,65,234 23,66,61,924 6,058.55
Retail 14.37 1,01,85,547 14,63,59,404 3,746.80
Total 62.76 2,03,71,094 1,27,85,25,958 32,730.26

Bansal Wire IPO Anchor Allocation

Anchor Bid Date 2 July, 2024
Total no. of shares offered 8,730,468
Portion Size for Anchor Investors 223.50 Cr.
Lock in Period for 50% shares (30 days) 7 August, 2024
Lock in Period for rest of shares (90 days) 6 October, 2024

Established in 1985, Bansal Wire Industries Limited is engaged in the business of offering different types of steel wires. It has 3000+ SKUs in three categories of wires including, high carbon steel wire, mild steel wire, and stainless steel wire. The company also has a subsidiary called Bansal Steel & Power Limited.

Bansal Wire Industries has 4 manufacturing units of which 3 are in Ghaziabad (U.P.) and 1 is in Bahadurgarh (Haryana). It is also planning to add a new manufacturing unit in Dadri for f speciality wires. The company has a presence in 22 Indian States and 6 union territories via its dealer distribution network. It sells products under the renowned brand name of ‘BANSAL.

In addition, the company also exports products to Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States of America and Vietnam.

Peer Comparison

●    Rajratan Global Wire Limited
●    DP Wires Limited
●    Bedmutha Industries Limited

For More Information
Webstory on Bansal Wire Industries IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue from operations 2466.03 2413.00 2198.35
EBITDA 149.30 114.70 113.14
PAT 78.79 59.93 57.29
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 1264.01 749.05 695.48
Share Capital 63.72 9.10 9.10
Total Borrowings 802.87 466.53 472.47
Particulars (in Rs. Crores) FY24 FY23 FY22
Net cash generated from / (used in) operating activities -536.93 102.52 -11.54
Net cash from / (used in) investing activities -495.92 -87.24 -19.79
Net cash flow from / (used in) financing activities 1034.67 -14.99 30.48
Net increase (decrease) in cash and cash equivalents 1.81 0.27 -0.23


Strengths

1.    The company has an established market position and strong brand equity.
2.    It has a Product Portfolio with over 3,000 stock-keeping units across the steel wire industry with a good mix of high volume and better margin products.
3.    It has a 5,000+ customer base with a presence across various sectors.
4.    The company has a well-integrated ecosystem for manufacturing the products.
5.    Experienced Board and senior management team.
 

Risks

1.    The company had low EBITDA and PAT margins in the last three fiscal years.
2.    It is dependent on the performance of the steel wires market.
3.    High working capital requirements.
4.    It has reported negative cash flows in the past. 
5.    Faces forex fluctuations risks. 
 

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FAQs

Bansal Wire IPO opens from 3rd July to 5th July 2024.
 

The size of Bansal Wire IPO is ₹745 cr. 
 

To apply for Bansal Wire IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Bansal Wire IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.  

You will receive a mandate notification to block funds in your UPI app.
 

The price band of Bansal Wire IPO is set at ₹243 to ₹256 per share.
 

The minimum lot size of Bansal Wire IPO is 58 shares and the minimum investment required to apply for the IPO is ₹14,094.
 

The share allotment date of Bansal Wire IPO is 8th July 2024.
 

The Bansal Wire IPO will be listed on 10th July 2024.
 

SBI Capital Markets Limited and DAM Capital Advisors Limited are the book-running lead managers for Bansal Wire IPO.
 

Bansal Wire will use the proceedings from the public issue for: 

●    To fund working capital requirements.
●    To repay or prepay in full or partial borrowings obtained. 
●    For general corporate purposes.