/ 58 Shares
03-Jul-2024 - 05-Jul-2024
₹ 243 - ₹ 256
₹ 14848.00
58
29,101,563
Face Value - ₹ 5/- Per Share
Listing at NSE BSE
175,612 Application Required in Retail for 1 Time.
Registrar : KFin Technologies Limited
Fresh Issue aggregating to Rs.745 Cr
Category | % | Shares/Amount |
---|---|---|
QIB | 50% | 14,550,781 Shares Rs.372.50 Cr |
HNI 1 | 5% | 1,155,078 Shares Rs.37.25 Cr @ 1792 1792 Form 1X |
HNI 2 | 10% | 2,910,157 Shares Rs.74.50 Cr @ 3884 Form 1X |
Retail | 35% | 10,185,547 Shares Rs.260.75 Cr @ 260.75 175613 Form 1X |
BRLMs: SBI Capital Markets, DAM Capital Advisors
Retail (Upto 2 Lakh) | HNI (2 Lakh to 10 Lakh) | HNI (Above 10 Lakh) |
---|---|---|
260.75 175613 Form 1X | 1792 1792 Form 1X | 3884 Form 1X |
Category | Lots | Shares | Amount |
---|---|---|---|
Retail (Upto 2 Lakh) | 1 | 58 | ₹ 14,848 |
Retail (Upto 2 Lakh) | 13 | 754 | ₹ 193,024 |
S-HNI (2 Lakh to 10 Lakh) | 14 | 812 | ₹ 207,872 |
S-HNI (2 Lakh to 10 Lakh) | 67 | 3886 | ₹ 994,816 |
B-HNI (Above 10 Lakh) | 68 | 3944 | ₹ 1,009,664 |
05-Jul-2024 16:27
Category | Book Size | Subscription | No. of Times |
---|---|---|---|
QIB | 5,820,313 ₹ 149.00 Cr. | 895,504,630 ₹ 22924.92 Cr. | 153.86x |
HNI (<10 LAKH) | 1,155,078 ₹ 29.57 Cr. | 75,577,944 ₹ 1934.80 Cr. | 65.43x |
HNI2 (>10 LAKH) | 2,910,157 ₹ 74.50 Cr. | 160,834,638 ₹ 4117.37 Cr. | 55.27x |
RETAIL | 10,185,547 ₹ 260.75 Cr. | 143,475,818 ₹ 3672.98 Cr. | 14.09x |
Total | 20,071,095 | 1,275,393,030 | 63.54x |
Category | Book Size | Subscription | No. of Times |
---|---|---|---|
QIB | 5,820,313 ₹ 149.00 Cr. | 895,504,630 ₹ 22924.92 Cr. | 153.86x |
HNI (<10 LAKH) | 1,155,078 ₹ 29.57 Cr. | 75,577,944 ₹ 1934.80 Cr. | 65.43x |
HNI2 (>10 LAKH) | 2,910,157 ₹ 74.50 Cr. | 160,834,638 ₹ 4117.37 Cr. | 55.27x |
RETAIL | 10,185,547 ₹ 260.75 Cr. | 143,475,818 ₹ 3672.98 Cr. | 14.09x |
Total | 20,071,095 | 1,275,393,030 | 63.54x |
*Excluding Anchor
Total No. of Application Approx : ~2040444 (11.62 Appwise)
Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.
The company was incorporated as ‘Bansal Wire Industries Pvt Ltd’ in 1985. Subsequently the company was converted into a public company and the name of the Company was changed to ‘Bansal Wire Industries Ltd’, in 1995. Bansal Wire Industries has been in the business of manufacturing steel wires catering to various major sectors with a diversified portfolio.
Bansal Wire Industries along with its subsidiary Bansal Steel & Power Ltd offers 3000+ SKUs (stock keeping units) in 3 segments i.e., high carbon steel wire, mild steel wire (low carbon steel wire) and stainless-steel wire.
The extensive range of the company’s products include sizes as thin as 0.04 mm to as thick as 15.65 mm like high carbon steel wires for springs, wire for ropes, mild steel wires (low carbon steel wires), stainless steel wires, cold heading quality wires, cable armouring wires and strips, galvanized steel wires in high/ mild steel wire (low carbon steel wire) in wide range of, zinc coating, profile/ shaped wires in various steel grades in different cross sections etc.
Bansal Wire Industries has 5 manufacturing facilities with 4 units having an installed capacity of 259,000 MTPA of mild steel, high carbon, and stainless-steel wires. Further, the company started production of high carbon wires at Dadri facility by end of January 2024, with an initial capacity of 1,000 metric which has been increased to 3,000 metric tonnes with 78.50% capacity utilisation till March 31, 2024.
The company exports its products to several countries, with 14 global representatives covering countries like Bangladesh, Brazil, France, Germany, Israel, Italy, Netherland, South Korea, South Africa, Sri Lanka, Turkey, United Kingdom, United States of America and Vietnam. In FY2024, total sales from outside India contributed 11.49% of the company’s total income.
The company has built its dealer distributor network across 22 states and 6 union territories of India which enables it to cater to more than 5,000 customers spread across various sectors.
The company’s total income grew at a CAGR of 5.86% from ? 2,205.07 Cr in FY2022 to ? 2,470.89 Cr in FY2024. The EBITDA has increased at a CAGR of 14.87% from ? 113.15 Cr in Fiscal 2022 to ? 149.31 Cr and PAT has increased at a CAGR of 17.28% from ? 57.29 Cr to ? 78.79 Cr during the same period.
Competitive Strength
Steel wire manufacturers with established market position and strong brand equity
More than 5,000 customer base with presence across various sectors
Economies of scale
Business model with stable and consistent margin profile
Promoters and management with industry expertise of over 38 years
Business Strategies
Expansion of customer base in north India and increase penetration in other geographies
Focus on increasing our exports sales and growing sectors like automotive and infrastructure
Entering into B2C segment steel products and establishing retail distribution network
Increase in margin profile by focusing on high margin products and adding speciality wire segment
Technological advancement of manufacturing facilities
Arun Gupta is the Chairman and Whole-Time Director of the company. Pranav Bansal is the Managing Director and Chief Executive Officer of the company. Umesh Kumar Gupta is a Whole-time Director and Chief Operating Officer of the company. Satish Prakash Aggarwal is an Independent Director of the company. Saurabh Goel is an Independent Director of the company. Sunita Bindal is an Independent Director of the company. Ritu Bansal is an Independent Director of the company. Ghanshyam Das Gujrat
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 |
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 and Surplus | 358.64 | 273.41 | 213.91 |
Total Borrowing | 681.14 | 422.19 | 413.15 |
Amount in ? Crore |
The company proposes to use the Net Proceeds from the Issue for the following purposes:
Once you create your account, Login to Us.
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
Enter your UPI ID and you will receive mandate on your UPI App.
Once you accept the mandate, Application is submitted successful.