Bansal Wire Industries IPO Allotment Status Online

Bansal Wire Industries IPO Allotment Status

Bansal Wire Industries IPO Allotment Status Online: Bansal Wire Industries IPO is Open on 3 July, 2024 and Close on 5 July, 2024. Bansal Wire Industries IPO to Raise 29,101,562 shares (Approx ₹745.00 Cr) via IPO. The Fresh Issue of 29,101,562 shares (Approx ₹745.00 Cr). 

  • The Retail Quota is 35%
  • QIB is 50%
  • NII is 15%

Bansal Wire Industries IPO Basis of Allotment Status on 8 July, 2024. Bansal Wire Industries IPO Refund Date is 9 July 2024 and Bansal Wire Industries IPO Credit to Demat on 9 July 2024.

Also Read: Bansal Wire Industries IPO details, Date, Price, GMP, Review

Bansal Wire Industries IPO Allotment Link Online

About –

Bansal Wire Industries are the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume in India with a production of 72,176 MTPA and 206,466MTPA, respectively, in Fiscal 2023, representing 20% and approximately 4% market share, respectively. Our Company was incorporated in the year 1985 and since incorporation, we have consistently delivered quality products, creating a niche identity in the steel wire industry. With a legacy of 38 years, we take pride in our diversified portfolio, catering to a wide range of sectors such as automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture, and auto replacement. We are an established player in the steel wire manufacturing business on account of the following:

  • We manufacture over 3,000 stock-keeping units (“SKUs”), the highest amongst all steel wire manufacturers in India with sizes ranging from as thin as 0.04mm to as thick as 15.65mm.
  • With a well-diversified base of more than 5,000 customers spanning various sectors, we have established a robust network that contributes to our sustained growth.
  • As part of our de-risking strategy, no single customer accounts for more than 5% of our sales, and no individual sector or segment constitutes more than 25% of our sales, ensuring a balanced and resilient business model.
  • We operate on a “Cost Plus model”, with a clear focus on staying immune to commodity price fluctuations.
  • Our Promoters have been in this steel wire manufacturing business since 1938, having experience for three generations.
  • We have a pan-India presence and our reach extends to more than 50 countries through product exports, solidifying our position as a key player in the international market.
  • We are currently operating from our four existing manufacturing facilities and will be setting up the largest single-location manufacturing facility of steel wire inDadri, India, and will be amongst the largest capacities in Asia.
  • Our product mix and plant capabilities allow us to switch or add production lines from one sector to another based on industry demands.
  • With a long-standing track record of generating operating profits, we have demonstrated our ability to navigate challenges and maintain a successful and sustainable business.

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