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Bansal Wire Industries IPO is a book build issue of ₹745.00 crores. The issue is entirely a fresh issue of 2.91 crore shares of ₹745.00 crore.
Bansal Wire Industries IPO bidding started from Jul 3, 2024 and ended on Jul 5, 2024. The allotment for Bansal Wire Industries IPO was finalized on Jul 8, 2024. The shares got listed on BSE, NSE on Jul 10, 2024.
Bansal Wire Industries IPO price band is set at ₹256.00 per share . The lot size for an application is 58. The minimum amount of investment required by an retail is ₹14,094 (58 shares). The lot size investment for sNII is 14 lots (812 shares), amounting to ₹2,07,872, and for bNII, it is 68 lots (3,944 shares), amounting to ₹10,09,664.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bansal Wire Industries IPO RHP for detailed Information.
| IPO Date | July 3, 2024 to July 5, 2024 |
| Listing Date | July 10, 2024 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹243 to ₹256 per share |
| Issue Price Final | ₹256 per share |
| Lot Size | 58 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,91,01,562 shares (aggregating up to ₹745.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 12,74,54,390 shares |
| Share Holding Post Issue | 15,65,55,952 shares |
Bansal Wire IPO offers total 2,91,01,562 shares. Out of which 1,45,50,780 (50.00%) allocated to QIB, 58,20,312 (20.00%) allocated to QIB, 43,65,235 (15.00%) allocated to NII, 1,01,85,547 (35.00%) allocated to RII and 87,30,468 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,45,50,780 (50.00%) | NA |
| − Anchor Investor Shares Offered | 87,30,468 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 58,20,312 (20.00%) | NA |
| NII (HNI) Shares Offered | 43,65,235 (15.00%) | NA |
| − bNII > ₹10L | 29,10,157 (10.00%) | 3,583 |
| − sNII < ₹10L | 14,55,078 (5.00%) | 1,791 |
| Retail Shares Offered | 1,01,85,547 (35.00%) | 1,75,612 |
| Total Shares Offered | 2,91,01,562 (100.00%) |
Bansal Wire Industries IPO raises ₹223.50 crore from anchor investors. Bansal Wire Industries IPO Anchor bid date is July 2, 2024. Bansal Wire Industries IPO Anchor Investors list
| Bid Date | July 2, 2024 |
| Shares Offered | 87,30,468 |
| Anchor Portion Size (In Cr.) | 223.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 7, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 6, 2024 |
Bansal Wire Industries IPO opens on July 3, 2024, and closes on July 5, 2024.
| IPO Open Date | Wed, Jul 3, 2024 |
| IPO Close Date | Fri, Jul 5, 2024 |
| Tentative Allotment | Mon, Jul 8, 2024 |
| Initiation of Refunds | Tue, Jul 9, 2024 |
| Credit of Shares to Demat | Tue, Jul 9, 2024 |
| Tentative Listing Date | Wed, Jul 10, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 5, 2024 |
Investors can bid for a minimum of 58 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,848 |
| Retail (Max) | 13 | 754 | ₹1,93,024 |
| S-HNI (Min) | 14 | 812 | ₹2,07,872 |
| S-HNI (Max) | 67 | 3,886 | ₹9,94,816 |
| B-HNI (Min) | 68 | 3,944 | ₹10,09,664 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in December 1985, Bansal Wire Industries Limited is a stainless steel wire manufacturing company.
The company operates in three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire.
The company makes over 3,000 different types of steel wire products, ranging in size from very thin to very thick. They have more than 5,000 customers in different industries, which helps the company grow.
To reduce risk, the company doesn't rely too much on one customer or one type of customer. They also use a pricing model that helps them deal with changes in material costs.
The company has a presence across India and operates in over 50 countries through product exports, solidifying its position as a key player in the global market.
The company exports products to over 50 countries. It has 14 global representatives covering Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. Our export turnover has grown at a CAGR of 47.15% in the last three fiscal years.
The company has four manufacturing units in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad and Bahadurgarh, Jhajjar, Haryana. Out of four units two are located in Loni Industrial Area, Ghaziabad.
Since 2021, the company has established a sales team of over 50 experienced professionals to cover all regions of India and serve 5,000+ customers in various sectors.
Bansal Wire Industries Limited's revenue increased by 1.99% and profit after tax (PAT) rose by 31.48% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,264.01 | 749.05 | 695.48 |
| Total Income | 2,470.89 | 2,422.57 | 2,205.07 |
| Profit After Tax | 78.80 | 59.93 | 57.29 |
| Net Worth | 422.37 | 282.51 | 223.01 |
| Reserves and Surplus | 358.64 | 273.41 | 213.91 |
| Total Borrowing | 681.14 | 422.19 | 413.15 |
| Amount in ₹ Crore | |||
The market capitalization of Bansal Wire Industries IPO is ₹4007.83 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.19% |
| ROCE | 18.46% |
| Debt/Equity | 1.48 |
| RoNW | 18.27% |
| PAT Margin | 3.19% |
| Price to Book Value | 7.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.18 | 5.03 |
| P/E (x) | 41.41 | 50.86 |
The company proposes to use the Net Proceeds from the Issue for the following purposes:
[Dilip Davda] 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 fund for long term. Read detail review...
| Listing Date | July 10, 2024 |
| BSE Script Code | 544209 |
| NSE Symbol | BANSALWIRE |
| ISIN | INE0B9K01025 |
| Final Issue Price | ₹256 per share |
| BSE Listing Group | B |
Bansal Wire Industries Ltd.
F-3, Main Road
Shastri Nagar,
Delhi-110052
Delhi, New Delhi
Phone: 011-2365 1891
Email: investorrelations@bansalwire.com
Website: https://bansalwire.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bwil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Bansal Wire Industries IPO is a main-board IPO of 2,91,01,562 equity shares of the face value of ₹5 aggregating up to ₹745.00 Crores. The issue is priced at ₹256 per share. The minimum order quantity is 58.
The IPO opens on July 3, 2024, and closes on July 5, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bansal Wire Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Bansal Wire Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bansal Wire Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bansal Wire Industries IPO opens on July 3, 2024 and closes on July 5, 2024.
Bansal Wire Industries IPO lot size is 58, and the minimum amount required for application is ₹14,848.
You can apply in Bansal Wire Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bansal Wire Industries IPO will be done on Monday, July 8, 2024, and the allotted shares will be credited to your demat account by Tuesday, July 9, 2024. Check the Bansal Wire Industries IPO allotment status.
The Bansal Wire Industries IPO listing date is on Wednesday, July 10, 2024.
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