Bansal Wire Industries Limited IPO

Mainboard

Iron & Steel Products

Listed On: Jul 10, 2024 at ₹ 356.0(NSE)

₹ 14848 /58 Shares

Check Allotment

Price Summary

Last Closing

412.25 (61.04%)

52 Week High

460.90

52 Week Low

325.10

Last Update

19-Sep-2024 3:30 PM

Bansal Wire Industries Limited IPO Details

03 Jul, 2024

Open Date

05 Jul, 2024

Close Date

08 Jul, 2024

Allotment Date

10 Jul, 2024

Listing Date

Issue Price

₹243-256 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

356.0(NSE)

Listing Date

2024-07-10

Market Lot

Retail : 58 Shares (₹14,848/-)
S-HNI : 812 Shares (₹2,07,872/-)
B-HNI : 3,944 Shares (₹10,09,664/-)

Lead Manager

SBI Capital Markets Limited
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Issue Size

29,101,562 shares(aggregating up to ₹745.00 Cr)

Retail Portion

35% (Number of Retail Applications: 1,75,613 Approx),
(Number of S-HNI Applications : 1,792 Approx),
(Number of B-HNI Applications : 3,584 Approx)

Subscription

59.56 times

IPO Docs

DRHP RHP ANCHOR

Bansal Wire Industries Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	5,820,313	4,365,234 2,910,157 1,455,078	10,185,547	20,371,094
Day 1 - 03-07-24 05:00 PM	0.01 x	2.44 1.90 x 3.54 x	2.47 x	1.76 x
Day 2 - 04-07-24 05:00 PM	0.09 x	12.16 10.94 x 14.61 x	6.19 x	5.73 x
Day 3 - 05-07-24 05:00 PM	146.05 x	51.45 52.46 x 49.44 x	13.61 x	59.56 x

Total No. of Applications: 21,59,874 (Approx)

Retail Subscription on the basis of Applications: Retail:11.6x BHNI:10.92x SHNI:49.93x times

Bansal Wire Industries Limited Valuations

EPS Pre IPO

₹6.18/-

EPS Post IPO

₹5.03/-

P/E Pre IPO

41.41

P/E Post IPO

50.86

RoNW

18.27%

Bansal Wire Industries Limited Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	1,264.01	749.05	695.48
Revenue	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 & Surplus	358.64	273.41	213.91
Total Borrowing	681.14	422.19	413.15

About The Company

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 - Strength and Weakness

Strength

Bansal Wire Industries employs a risk management strategy that ensures no single customer accounts for more than 5% of total sales and no one sector accounts for more than 25% of sales.

The company adopts a Cost Plus model operational strategy, effectively insulating it from fluctuations in commodity prices.

Expertise in steel wire manufacturing since 1938, spanning three generations.

Exports to over 50 countries, enhancing international footprint.

Weakness

Limited 35-45-day inventory makes operations vulnerable to supply chain disruptions.

Dependence on four facilities in Uttar Pradesh and Haryana risks regional disruptions.

Potential non-renewal of leasehold facilities could disrupt operations and impact finances.

Overseas market distribution relies on a few representatives; changes could impact operations and financial health.

Bansal Wire Industries Limited - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Bansal Wire	7.72	50.8	18.3%	2,470
Rajratan Global	6.09	41.7	15.4%	890
DP Wires	3.07	19.0	17.4%	1,003
Bedmutha Industries	6.17	35.3	19.0%	812

Bansal Wire Industries Limited - Promoter(s)

Pre Issue Share Holding: 95.78%

Post Issue Share Holding: N/A%

Company Promoter(s)

Arun Gupta
Anita Gupta
Pranav Bansal
Arun Kumar Gupta HUF

Bansal Wire Industries Limited IPO - Issue Objectives

Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary
Funding the working capital requirements of the company
General corporate purposes.

Bansal Wire Industries Limited IPO - Anchor Investors

Bansal Wire Industries mobilises over Rs 223 crore via anchor book.

SBI Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Eastspring Investments, Optimix Wholesale Global Emerging Markets Share Trust, HSBC Mutual Fund and Edelweiss Trusteeship participated in the anchor book launched by the company for a day on Tuesday.

In addition, Motilal Oswal Mutual Fund, Carmignac Portfolio, Tata Mutual Fund, DSP India, Malabar Midcap Fund, and Think India Opportunities Master Fund also invested in the company via anchor book.

Other Details

Company Contact Details

Bansal Wire Industries Limited

F-3, Main Road, Shastri Nagar, Delhi-110052

Phone: 011-2365 1891

Email: investorrelations@bansalwire.com

Website: https://bansalwire.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: bwil.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Bansal Wire Industries Limited IPO - FAQs

Ans. Bansal Wire Industries Limited IPO is a Mainboard IPO. The issue is priced at ₹243-256 per equity share. The minimum order quantity is 58 Shares. The IPO opens on Jul 3, 2024, and closes on Jul 5, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Bansal Wire Industries Limited IPO opens on Jul 3, 2024 and closes on Jul 5, 2024.

Ans. The size of Bansal Wire Industries Limited IPO is 29,101,562 shares(aggregating up to ₹745.00 Cr).

Ans. The IPO price band is set between ₹243-256 per equity share.

Ans. To apply for Bansal Wire Industries Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Bansal Wire Industries Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Bansal Wire Industries Limited IPO is Jul 8, 2024.

Ans. The Bansal Wire Industries Limited IPO will be listed on Jul 10, 2024.

Ans. Follow the steps to check the allotment status for Bansal Wire Industries Limited IPO here.