Bookbuilding IPO | ₹745 Cr | Listed at BSE, NSE | Wed, Jul 3, 2024 - Fri, Jul 5, 2024
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 per share. The lot size for an application is 58. The minimum amount of investment required by an retail is ₹14,848 (58 shares) (based on upper price). 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 Open
Wed, Jul 3, 2024
IPO Close
Fri, Jul 5, 2024
Issue Price
₹256 per share
Market Cap (Pre-IPO)
₹4,007.83 Cr
| IPO Date | 3 to 5 Jul, 2024 |
| Listed on | Wed, Jul 10, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹243 to ₹256 |
| Issue Price | ₹256 per share |
| Lot Size | 58 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,91,01,562 shares (agg. up to ₹745 Cr) |
| Fresh Issue | 2,91,01,562 shares (agg. up to ₹745 Cr) |
| Share Holding Pre Issue | 12,74,54,390 shares |
| Share Holding Post Issue | 15,65,55,952 shares |
| BSE Script Code / NSE Symbol | 544209 / BANSALWIRE |
| ISIN | INE0B9K01025 |
Bansal Wire Industries 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 58 shares and in multiples thereof.
| 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 |
Bansal Wire Industries IPO raises ₹223.50 crore from anchor investors. Bansal Wire Industries IPO Anchor bid date is July 2, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 2, 2024 |
| Shares Offered | 87,30,468 |
| Anchor Portion (₹ Cr.) | 223.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 7, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 6, 2024 |
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.
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company; | 452.68 |
| 2 | Investment in our Subsidiary for repayment or prepayment of all or a portion of certain of its outstanding borrowings | 93.71 |
| 3 | Funding the working capital requirements of the Company; and | 60.00 |
| 4 | General corporate purposes. | 86.55 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 6.18 | 5.03 |
| P/E (x) | 41.41 | 50.86 |
| Promoter Holding | 95.78% | 77.97% |
| Market Cap | ₹4,007.83 Cr. |
The Bansal Wire IPO is subscribed 62.76 times on July 5, 2024 6:20:05 PM (Day 3). The public issue subscribed 14.37 times in the retail category, 153.86 times in the QIB category, and 54.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 153.86 | 58,20,313 | 89,55,04,630 |
| NII | 54.21 | 43,65,234 | 23,66,59,256 |
| bNII (bids above ₹10L) | 55.27 | 29,10,157 | 16,08,34,638 |
| sNII (bids below ₹10L) | 52.11 | 14,55,078 | 7,58,24,618 |
| Retail | 14.37 | 1,01,85,547 | 14,63,58,534 |
| Total | 62.76 | 2,03,71,094 | 1,27,85,22,420 |
Total Application : 21,59,874
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs' fees and commissions (including underwriting commission, brokerage and selling commission) | 21.98 |
| 2 | Commission/ processing fee for SCSBs and Bankers to the Issue and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. | |
| 3 | Brokerage, selling commission and bidding charges for the members of the Syndicate, Registered Brokers, RTAs and CDPs$^{( ext{a})( ext{b})( ext{c})( ext{d})}$ | 2.92 |
| 4 | Fees payable to the Registrar to the Issue | 0.01 |
| 5 | Fees payable to advisors and consultants to the Issue: | |
| 6 | Statutory Auditors | 0.26 |
| 7 | Industry expert | 0.33 |
| 8 | Fee payable to legal counsels | 2.80 |
| 9 | Fee payable to Independent Practicing Company Secretary | 0.06 |
| 10 | Independent Chartered Engineer | 0.01 |
| 11 | Others: | |
| 12 | (a) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 6.88 |
| 13 | (b) Printing and stationery expenses | 1.55 |
| 14 | (c) Advertising and marketing expenses | 6.05 |
| 15 | (d) Miscellaneous | 9.21 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹256.00 | ₹256.00 |
| Open | ₹352.05 | ₹356.00 |
| Low | ₹335.85 | ₹336.00 |
| High | ₹368.70 | ₹372.00 |
| Last Trade | ₹350.30 | ₹350.35 |
Lead Manager Reports
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 Crores. The issue is priced at ₹256 per share. The minimum order quantity is 58.
The IPO opens on Wed, Jul 3, 2024, and closes on Fri, Jul 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 Wed, Jul 3, 2024 and closes on Fri, Jul 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 Tue, Jul 9, 2024. Check the Bansal Wire Industries IPO allotment status.
The Bansal Wire Industries IPO listing date is on Wed, Jul 10, 2024.
