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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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Bansal Wire Industries Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 29,101,562 shares (aggregating up to ₹745.00 Cr) |
| Fresh Issue | 29,101,562 shares (aggregating up to ₹745.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 127,454,390 |
| Shareholding post issue | 156,555,952 |
Bansal Wire Industries Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Bansal Wire Industries Limited IPO Lot Size
| Application | Lots | Shares | 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 |
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 |
Bansal Wire Industries Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 95.78% | - |
Competitive Strength:
- -
Bansal Wire Industries Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
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Frequently Asked Questions (FAQs)
-
What is Bansal Wire IPO?
Bansal Wire IPO is a main-board IPO. They are going to raise ₹745 Crores via IPO. The issue is priced at ₹243 to ₹256 per equity share. The IPO is to be listed on BSE & NSE.
-
When will Bansal Wire IPO?
The IPO is to open on July 3, 2024 for QIB, NII, and Retail Investors.
-
What is Bansal Wire IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Bansal Wire IPO Size?
Bansal Wire's IPO size is ₹745 crores.
-
What is the Bansal Wire IPO Price Band?
Bansal Wire IPO Price Band is ₹243 to ₹256.
-
What is the Bansal Wire IPO Minimum and Maximum Lot Size?
The minimum bid is 58 Shares with ₹14,848 amount while the maximum bid is 754 shares with ₹193,024.
