Bansal Wire Industries IPO
IPO Listing Details
- Listing Date
10 Jul 2024
- Listing Price
₹352.05
- Listing Change
37.52%
- Last Traded Price
₹452.05
IPO Details
- Open Date
03 Jul 2024
- Close Date
05 Jul 2024
- IPO
Price Range
₹ 243 to ₹256
- IPO
Size
₹ 745 Cr
- Listing Exchange
BSE, NSE
- Listing Date
10 Jul 2024
IPO Timeline
Bansal Wire Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 03-Jul-24 | 0.01 | 2.59 | 2.64 | 1.88 |
| 04-Jul-24 | 0.10 | 12.83 | 6.56 | 6.06 |
| 05-Jul-24 | 153.86 | 54.22 | 14.37 | 62.76 |
Last Updated: 08 July 2024 10:05 AM by 5Paisa
Last Updated: 5th July 2024, 18:17 PM by 5paisa
Bansal Wire Industries IPO is set to open from 3rd July to 5th July 2024. The company is engaged in the business of offering different types of steel wires. The IPO includes a fresh issue of 29,101,562 shares worth ₹745 cr. The share allotment date is 8th July 2024, and the IPO will be listed on 10th July 2024 on the stock exchanges. The price band is set at ₹243 to ₹256 and the lot size is 58 shares.
SBI Capital Markets Limited and DAM Capital Advisors Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar.
Objectives of Bansal Wire IPO
● To fund working capital requirements.
● To repay or prepay in full or partial borrowings obtained.
● For general corporate purposes.
Bansal Wire IPO Video
Bansal Wire IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 745.00 |
| Offer for sale | - |
| Fresh issue | 745.00 |
Bansal Wire IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,848 |
| 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
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 153.86 | 58,20,313 | 89,55,04,630 | 22,924.92 |
| NII (HNI) | 54.22 | 43,65,234 | 23,66,61,924 | 6,058.55 |
| Retail | 14.37 | 1,01,85,547 | 14,63,59,404 | 3,746.80 |
| Total | 62.76 | 2,03,71,094 | 1,27,85,25,958 | 32,730.26 |
Bansal Wire IPO Anchor Allocation
| Anchor Bid Date | 2 July, 2024 |
| Total no. of shares offered | 8,730,468 |
| Portion Size for Anchor Investors | 223.50 Cr. |
| Lock in Period for 50% shares (30 days) | 7 August, 2024 |
| Lock in Period for rest of shares (90 days) | 6 October, 2024 |
Established in 1985, Bansal Wire Industries Limited is engaged in the business of offering different types of steel wires. It has 3000+ SKUs in three categories of wires including, high carbon steel wire, mild steel wire, and stainless steel wire. The company also has a subsidiary called Bansal Steel & Power Limited.
Bansal Wire Industries has 4 manufacturing units of which 3 are in Ghaziabad (U.P.) and 1 is in Bahadurgarh (Haryana). It is also planning to add a new manufacturing unit in Dadri for f speciality wires. The company has a presence in 22 Indian States and 6 union territories via its dealer distribution network. It sells products under the renowned brand name of ‘BANSAL.
In addition, the company also exports products to Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States of America and Vietnam.
Peer Comparison
● Rajratan Global Wire Limited
● DP Wires Limited
● Bedmutha Industries Limited
For More Information
Webstory on Bansal Wire Industries IPO
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue from operations | 2466.03 | 2413.00 | 2198.35 |
| EBITDA | 149.30 | 114.70 | 113.14 |
| PAT | 78.79 | 59.93 | 57.29 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 1264.01 | 749.05 | 695.48 |
| Share Capital | 63.72 | 9.10 | 9.10 |
| Total Borrowings | 802.87 | 466.53 | 472.47 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -536.93 | 102.52 | -11.54 |
| Net cash from / (used in) investing activities | -495.92 | -87.24 | -19.79 |
| Net cash flow from / (used in) financing activities | 1034.67 | -14.99 | 30.48 |
| Net increase (decrease) in cash and cash equivalents | 1.81 | 0.27 | -0.23 |
Strengths
1. The company has an established market position and strong brand equity.
2. It has a Product Portfolio with over 3,000 stock-keeping units across the steel wire industry with a good mix of high volume and better margin products.
3. It has a 5,000+ customer base with a presence across various sectors.
4. The company has a well-integrated ecosystem for manufacturing the products.
5. Experienced Board and senior management team.
Risks
1. The company had low EBITDA and PAT margins in the last three fiscal years.
2. It is dependent on the performance of the steel wires market.
3. High working capital requirements.
4. It has reported negative cash flows in the past.
5. Faces forex fluctuations risks.
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FAQs
Bansal Wire IPO opens from 3rd July to 5th July 2024.
The size of Bansal Wire IPO is ₹745 cr.
To apply for Bansal Wire IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Bansal Wire IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The price band of Bansal Wire IPO is set at ₹243 to ₹256 per share.
The minimum lot size of Bansal Wire IPO is 58 shares and the minimum investment required to apply for the IPO is ₹14,094.
The share allotment date of Bansal Wire IPO is 8th July 2024.
The Bansal Wire IPO will be listed on 10th July 2024.
SBI Capital Markets Limited and DAM Capital Advisors Limited are the book-running lead managers for Bansal Wire IPO.
Bansal Wire will use the proceedings from the public issue for:
● To fund working capital requirements.
● To repay or prepay in full or partial borrowings obtained.
● For general corporate purposes.
Contact Information
Bansal Wire Industries
Bansal Wire Industries Limited
F-3, Main Road
Shastri Nagar,
Delhi-110052
Phone: 011-2365 1891
Email: investorrelations@bansalwire.com
Website: https://bansalwire.com/
Bansal Wire Industries IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bwil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Bansal Wire Industries IPO Lead Manager
SBI Capital Markets Limited
Dam Capital Advisors Ltd
