Bansal Wire Industries Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹243 - ₹256
- Lot size
- 58 shares
- Issue amount
- ₹745 cr
- Total subscription
- 62.76×
- Opens
- 3 Jul 2024
- Closes
- 5 Jul 2024
- Allotment
- 8 Jul 2024
- Listing
- 10 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 2,91,01,562 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,094
- Fresh issue
- ₹745 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,848
- Issue type
- Bookbuilding IPO
- Shares before issue
- 12,74,54,390
- Shares after issue
- 15,65,55,952
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 58 | ₹14,848 |
| sHNI | 14 | 812 | ₹2,07,872 |
| bHNI | 68 | 3,944 | ₹10,09,664 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 3,584 | 39,130 |
| HNIs (2-10L) | 1,792 | 89,466 |
| RETAIL | 1,75,613 | 20,36,985 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 149 | 22,924.92 |
| RETAIL | 260.75 | 3,746.77 |
| NIB | 111.75 | 6,058.48 |
| HNIs 2+ | 37.25 | 1,941.11 |
| HNIs 10+ | 74.5 | 4,117.37 |
Financial performance
Company financials
in Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.18 | 4.7 | 4.58 |
| ROE | 21.19 | 23.71 | 29.92 |
| ROCE | 18.46 | 17.34 | 18.59 |
| RONW | 18.27 | 21.21 | 25.69 |
| PRE IPO(PE) | 41.41 | 0 | 0 |
| POST IPO(PE) | 50.86 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Bansal Wire Industries Limited, incorporated in December 1985, is a leading manufacturer of stainless steel wire, specializing in high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. The company offers over 3,000 types of steel wire products, serving more than 5,000 customers across various industries, ensuring a diversified revenue base. With a strong domestic presence and exports to over 50 countries, including key markets like the U.S., U.K., Germany, and South Korea, Bansal Wire has achieved a remarkable export turnover CAGR of 47.15% over the last three fiscal years. The company operates four manufacturing units in Mohan Nagar, Ghaziabad; Loni Industrial Area, Ghaziabad (with two units); and Bahadurgarh, Jhajjar, Haryana. To navigate material cost fluctuations, Bansal Wire employs a dynamic pricing model. Since 2021, a dedicated sales team of over 50 professionals has been catering to customers nationwide, reinforcing its position as a global market leader in the steel wire industry.
Strengths
- Diverse Customer Base: With a reach of over 5,000 customers across multiple industries, the company minimizes reliance on any single client, ensuring stable demand.
- Economies of Scale: Large-scale operations enable cost optimization and efficiency, enhancing profitability and competitive advantage.
- Extensive Product Portfolio: A well-balanced mix of over 3,000 SKUs, including both high-volume and high-margin products, supports revenue diversification and market adaptability.
Risk factors
- Manufacturing Disruptions: Unexpected breakdowns, shutdowns, or operational issues at manufacturing facilities could severely impact production, revenue, and cash flow.
- Leasehold Dependency: The company's reliance on leasehold land and rental properties for manufacturing and office operations presents risks related to lease renewals, relocation costs, and operational continuity.
- Distribution Network Challenges: Failure to maintain or expand the dealer and distribution network across India could limit market reach, impacting sales and overall business growth.
Promoters
Arun Gupta
Anita Gupta
Pranav Bansal
Arun Kumar Gupta HUF
Registrar & documents
Lead manager
SBI Capital Markets Limited, Dam Capital Advisors Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
F-3, Main Road, Shastri Nagar, Delhi-110052
011-2365 1891
[email protected]Company website ↗Understanding BANSALWIRE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.