Bansal Wire Industries IPO details, Date, Price, GMP, Review

Bansal Wire Industries IPO Allotment Status

Bansal Wire Industries IPO details Today : Bansal Wire Industries IPO details Today 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). 

We 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, in Fiscal 2023.

Our Company was incorporated in 1985 we have consistently delivered quality products, creating a niche identity in the steel wire industry.

  • Auto Cable Wire
  • Mattress Wire
  • Roping Wire
  • Spring Wire
  • Super Fine Wire
  • Bright Wire
  • Cable Armour Wire
  • Fencing Wire
  • Galvanized Wire
  • Super Fine/Mesh Wire
  • Wire for Hose/Filter
  • Wire for Kitchen Appliances
  • Welding Rod
  • Super Fine Wire
  • Welding Wire

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 Area Like – 

  • 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.

Our key domestic and international customers 

  • S.S. White Technologies India Private Limited,
  • Connecton Fasteners S.A.,
  • NHK Automotive Components India Private Limited,
  • Hettich, Hi-Lex India Private Limited,
  • KEI Industries Limited,
  • Lapp India Private Limited,
  • Suprajit Engineering Limited,
  • Helical Springs, Haver Standard India Private Limited, .
  • RR Kabel Limited,
  • Remsons Industries Limited,
  • ASK Automotive Limited

 

Our top 10 key raw material suppliers for mild steel wires and stainless-steel wires include Steel Authority of India Limited, Rashtriya Ispat Nigam Limited, Mukand Ltd., Rathi Steel and Power Limited and JSW Steel Limited.

Bansal Wire Industries IPO Date & Price Band Details

IPO Open Date 3 July 2024
IPO Close Date 5 July 2024
IPO Size 29,101,562 shares (Approx ₹745.00 Cr)
Fresh Issue 29,101,562 shares (Approx ₹745.00 Cr)
Lot Size 58 Shares
IPO Face Value ₹5 Per Equity Share"
IPO Price Band ₹243 to ₹256 Per Every Share
IPO Listing On NSE & BSE
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here
Anchor Investor Click Here

Bansal Wire Industries IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 58 ₹14,848
Retail Maximum 13 754 ₹193,024
S-HNI Minimum 14 812 ₹207,872
S-HNI Maximum 67 3,886 ₹994,816
B-HNI Minimum 68 3,944 ₹1,009,664

Object of the Issue

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

Bansal Wire Industries IPO Allotment & Listings (Details)

IPO Open Date 3 July 2024
IPO Close Date 5 July 2024
Basis of Allotment 8 July 2024
Refunds 9 July 2024
Credit to Demat Account 9 July 2024
IPO Listing Date 10 July 2024

Bansal Wire Industries Financial Reports

₹ in Crores
Year Revenue Expense PAT
Sept 2023 ₹1154.03 ₹1105.62 ₹39.00
2023 ₹2422.57 ₹2341.02 ₹59.93
2022 ₹2205.07 ₹2126.94 ₹57.29
2021 ₹1480.42 ₹1424.11 ₹40.47

Our Company Promoters

  1. Arun Gupta
  2. Anita Gupta
  3. Pranav Bansal

Qualitative Factors

  • One of the largest steel wire manufacturers with an established market position, strong brand equity, and pan-India presence;
  • Well-diversified customer base with a presence across various sectors;
  • Economies of scale and operational excellence;
  • Extensive product portfolio across the steel wire industry with a good mix of high volume and better margin products;
  • Robust business model stable and consistent margin profile and high return ratios;
  • Experienced promoters and management with deep industry expertise and proven track record.

Bansal Wire Industries Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per Revenue (₹ in Lakhs)
Bansal Wire Industries Limited 5 4.70 [.] 21.21% 22.17 24,225.68
Peer Group
Rajratan Global Wire Limited 2 19.72 55.52 23.15% 86.54 8,986.80

Comparison of accounting ratios with listed industry peers

  1. Bansal Wire Industries Limited
  2. Rajratan Global Wire Limited

Bansal Wires Industries Company Contact Details

F-3, Main Road, Shastri Nagar,
Delhi -110 052, India
Telephone: 011-2365 1891/92/93
Email: investorrelations@bansalwire.com
Website:www.bansalwire.com

Bansal Wires industries IPO Registrar

KFin Technologies Limited
Selenium Tower B, Plot No. 31 and 32,
Financial District, Nanakramguda, Serilingampally
Hyderabad-500 032,
Telangana, India
Telephone: +91 40 6716 2222
Toll-free number: 18003094001
E-mail: bwil.ipo@kfintech.com
Investor Grievance ID: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M. Murali Krishna

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