Bansal Wire IPO Date, Allotment, Details, Review

Bansal Wire IPO Date, Allotment, Details, Review

Bansal Wire IPO is open for subscription on July 3, 2024, and closes on July 5, 2024. The allotment for the IPO is expected on July 8, 2024. Bansal Wire Mainboard IPO will be listed on BSE NSE with a listing date fixed as July 10, 2024.

Bansal Wire Industries Limited IPO is a book-built issue of Rs 745 crores. The entire issue is a fresh issue of 2.91 crore shares. The price band for the IPO is ₹243 to ₹256 per share.

Source from Bansal Wire IPO RHP

Bansal Wire IPO Details

Open DateJuly 3, 2024
Close DateJuly 5, 2024
IPO Size Aggregating up to ₹745 Cr.
Fresh Issue2.91 crore shares
Face Value₹5 per share
IPO Price Band₹243 to ₹256 per share
IPO Listing onBSE NSE
Lot Size58 Shares
OFSN.A
Share Offered to Retail35%
Share Offered to QBI50%
Share Offered to HNI15%

Bansal Wire IPO Date

  • IPO Open Date: July 3, 2024
  • IPO Close Date: July 5, 2024
  • Allotment: July 8, 2024
  • Refunds: July 9, 2024
  • Shares Credit to Demat: July 9, 2024
  • Listing Date: July 10, 2024.

Lot Size

Here’s the table based on the information provided:

ApplicationLots RangeShares RangeAmount Range (₹)
Retail1 – 1358 – 754₹14,848 – ₹193,024
S-HNI14 – 67812 – 3,886₹207,872 – ₹994,816
B-HNI (Min)68 –3,944 –₹1,009,664 –

Please note:

  • “B-HNI (Min)” continues from Lot 68 onwards.
  • Shares and Amount ranges are provided based on the minimum and maximum values given.
  • The Amount range for “B-HNI (Min)” is not fully specified due to the lack of specific maximum Lot and Share values provided in the original data.

Bansal Wire IPO GMP (Grey Market Premium)

If you want to know Bansal Wire IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on Grey Market Premium. We update here all IPOs GMP.

Bansal Wire IPO Subscription Status

Bansal Wire IPO subscription starts on July 3, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

Bansal Wire IPO Allotment Status

To check Bansal Wire IPO allotment status go to the IPO registrar website ”KFin Technologies Limited” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

  1. Go to the Link given above.
  2. Select the IPO Name
  3. Enter your PAN/ DP ID/ Application No
  4. Submit details and get the allotment status.

Know About Company

Bansal Wire Industries Limited, established in December 1985, specializes in manufacturing stainless steel wires. They produce over 3,000 different wire products, catering to a wide range of industries globally. With a customer base exceeding 5,000 across various sectors, the company prioritizes diversification to mitigate risks.

To manage fluctuating material costs effectively, Bansal Wire Industries uses a flexible pricing strategy. They operate extensively across India and export their products to more than 50 countries worldwide. The company’s export turnover has shown impressive growth, averaging 47.15% annually over the past three fiscal years.

With manufacturing facilities in Mohan Nagar and Loni Industrial Area in Ghaziabad, as well as in Bahadurgarh, Haryana, Bansal Wire Industries is well-positioned to meet global demands. They have established a strong presence internationally with representatives in countries such as the USA, Germany, and South Korea, ensuring robust market penetration and growth.

Objects of the Issue

  1. Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company;
  2. Investment in our Subsidiary for repayment or prepayment of all or a portion of certain of its outstanding
    borrowings;
  3. Funding the working capital requirements of our Company; and
  4. General corporate purposes.

Promoters Holding

The company’s promoters include Arun Gupta, Anita Gupta, Pranav Bansal, and Arun Kumar Gupta HUF. Before the issue, they collectively hold 95.78% of the company’s shares.

Bansal Wire Industries Limited Financial Report

Period EndedAssets (₹ Crore)Revenue (₹ Crore)Profit After Tax (₹ Crore)Net Worth (₹ Crore)Reserves and Surplus (₹ Crore)Total Borrowing (₹ Crore)
31 Mar 20241,264.012,470.8978.80422.37358.64681.14
31 Mar 2023749.052,422.5759.93282.51273.41422.19
31 Mar 2022695.482,205.0757.29223.01213.91413.15

KPI of Bansal Wire Industries Limited

KPIFiscal 2024 (₹ crore)Fiscal 2023 (₹ crore)Fiscal 2022 (₹ crore)
Revenue from operations2,466.032,413.012,198.36
Total income2,470.892,422.572,205.07
% revenue from exports11.4914.8216.57
EBITDA149.31114.71113.15
EBITDA Margin (%)6.044.735.13
Profit after tax (PAT)78.8059.9357.29
PAT margin (%)3.192.472.60

This table presents key financial performance indicators for Bansal Wire Industries Limited over the fiscal years ending 2022, 2023, and 2024, in crore rupees.

Peer Group

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

Bansal Wire Industries Limited IPO Registrar

KFin Technologies Limited
(formerly known as KFin Technologies PrivateLimited)
Selenium, Tower B, Plot No. 31 and 32, Gachibowli,
Financial District Nanakramguda, Serilingampally
Hyderabad 500 032,Telangana, India
Tel: +91 40 6716 2222
E-mail: bwil.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com

Bansal Wire Industries Limited IPO Lead Manager

  • SBI Capital Markets Limited
  • DAM Capital Advisors Limited

Bansal Wire Industries Limited Contact

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 Industries Limited IPO Application Form PDF

To download the Bansal Wire Industries Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

FAQs

What is the IPO size of Bansal Wire Industries Limited?

The IPO size is ₹745 crore.

How many shares are being offered in the IPO and at what price?

Bansal Wire Industries Limited is offering 2.91 crore fresh shares at a price band of ₹243 to ₹256 per share.

Where will Bansal Wire Industries Limited IPO be listed?

The IPO shares will be listed on BSE and NSE.

Rate this post

Leave a Comment

Your email address will not be published. Required fields are marked *

Latest Post

Advertisement

Zerodha Ads
Fyers
Scroll to Top