Bansal Wire Industries Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 3, 2024 to July 5, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 5 per share |
| Price Band | ₹ 243 to ₹ 256 per share |
| Lot Size | 58 Shares |
| Total Issue Size | 2,91,01,562 shares (aggregating up to ₹ 745.00 Cr) |
| Fresh Issue | 2,91,01,562 shares (aggregating up to ₹ 745.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 12,74,54,390 |
| Shareholding post issue | 15,65,55,952 |
About Bansal Wire Industries Limited IPO
Bansal Wire is 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 206,466 MTPA, respectively, in Fiscal 2023, representing 20% and approximately 4% market share. The Company was incorporated in the year 1985 and since incorporation, they have consistently delivered quality products, creating a niche identity in the steel wire industry. With a legacy of 38 years, they take pride in their 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.
Bansal Wire IPO is a book-built issue of Rs 745.00 crores. The issue is entirely a fresh issue of 2.91 crore shares. Bansal Wire IPO opens for subscription on July 3, 2024, and closes on July 5, 2024. The allotment for the Bansal Wire IPO is expected to be finalized on Monday, July 8, 2024. Bansal Wire IPO price band is set at ₹243 to ₹256 per share. The minimum lot size for an application is 58 Shares. SBI Capital Markets Limited and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the book-running lead managers of the Bansal Wire IPO, while Kfin Technologies Limited is the registrar for the issue.
Bansal Wire IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Objectives of Bansal Wire IPO
-
The company proposes to use the Net Proceeds from the Issue for the following purposes:
- 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 the company.
- 3. General corporate purposes.
Bansal Wire IPO Review
The company is operating in a highly competitive and fragmented segment of metal wires. It has posted steady growth in its top and bottom lines for the reported periods. Post-IPO, reduced debt will help in improving its bottom lines. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for the long term.
Bansal Wire Industries Limited IPO Financial Information
Latest Revenue
2,470.89
₹ Crore
Profit After Tax
78.80
₹ Crore
Net Worth
422.37
₹ Crore
Total Borrowing
681.14
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 1,264.01 | 2,470.89 | 78.80 | 422.37 | 681.14 | ||||
| 31 Mar 2023 | 749.05 | 2,422.57 | 59.93 | 282.51 | 422.19 | ||||
| 31 Mar 2022 | 695.48 | 2,205.07 | 57.29 | 223.01 | 413.15 | ||||
| Amount in ₹ Crore | |||||||||
Bansal Wire Industries Limited 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 |
Frequently Asked Questions
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Competitive Strengths
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Bansal Wire Industries Limited IPO Timeline
| IPO Open Date | Wednesday, July 3, 2024 |
| IPO Close Date | Friday, July 5, 2024 |
| Basis of Allotment | Monday, July 8, 2024 |
| Initiation of Refunds | Tuesday, July 9, 2024 |
| Credit of Shares to Demat | Tuesday, July 9, 2024 |
| Listing Date | Wednesday, July 10, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 5, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,112 |
| 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 |