Bansal Wire Industries Ltd

Steel

Offer Period :

3rd to 7th Jul 2024

Bansal Wire Industries Limited, founded in 1985, is India’s largest stainless steel wire manufacturer and the second largest steel wire producer by volume. With over 3,000 SKUs, Read more... a robust customer base, and a strong export presence, it serves diverse sectors and maintains a resilient, de-risked business model, ensuring sustained growth.Read less

Bansal Wire Industries Ltd IPO Details

IPO Date 3rd to 7th Jul 2024 Minimum Investment ₹14848 / 1 Lots
Listing Date 2024-07-10 Maximum Investment ₹193024 / 13 Lots
Face Value ₹5 per share Total Issue Size ₹745 Crores
Price ₹256 to ₹256 per share Fresh Issue ₹745 Crores
Lot Size 1 Lots (58 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 3rd to 7th Jul 2024
Listing Date 2024-07-10
Face Value ₹5 per share
Price ₹256 to ₹256 per share
Lot Size 1 Lots (58 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14848 / 1 Lots
Maximum Investment ₹193024 / 13 Lots
Total Issue Size ₹745 Crores
Fresh Issue ₹745 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

3rd Jul

IPO Starts

5th Jul

IPO Ends

8th Jul

Allotment Date

9th Jul

Initiation of Refund

9th Jul

Credit of Shares to Demat Account

10th Jul

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 73.6 0
Public Group 26.4 100

Bansal Wire Industries Ltd IPO Reservation

QIB Shares Offered 5820313(20%)
NII (HNI) Shares Offered 4365234(15%)
Retail Shares Offered 10185547(35%)
Anchor Investor Shares Offered 8730469(30%)
Total Shares Offered 29101564
Total Shares With Anchor Investor 29101564

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Bansal Wire Industries Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id bwil.ipo@kfintech.com
Our Website www.kfintech.com

Bansal Wire Industries Ltd IPO Lead Manager

1. SBI Capital Markets Ltd

2. DAM Capital Advisors Ltd

Explore IPOs


Explore comprehensive IPO details for every IPO. Access essential information such as listing price, listing date, issue price, lot size, issue size, minimum investment, and IPO timeline. Gain insights into the company's background, strengths, and potential risks. Track the subscription status and delve into the financials of the company, empowering yourself with crucial data for informed investment decisions. Stay ahead in the dynamic IPO market by staying informed on upcoming, ongoing, and past IPOs. 
 

Stay ahead in the ever-evolving IPO landscape with our comprehensive platform. We offer a holistic resource, ensuring you not only access essential details but also gain valuable insights into market trends. Navigate confidently, armed with intricate analyses, expert opinions, and real-time updates. Whether you're a seasoned investor or a novice, our user-friendly interface and extensive information empower you to make well-informed decisions. Experience the convenience of having a dedicated space where you can delve into the intricacies of IPOs, enabling a strategic and calculated approach to the dynamic stock market. 

Bansal Wire Industries Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 58,20,313 812 58,953.0
Non Institutional Investors (NIIs) 43,65,234 9,87,798 58,953.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 29,10,157 4,91,434 58,953.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 14,55,078 4,96,364 58,953.0
Retail Individual Investors (RIIs) 1,01,85,547 39,99,216 58,953.0
Total 2,03,71,094 49,87,826 58,953.0

Strength of Bansal Wire Industries Ltd

1. Steel wire manufacturers with revenue of Rs. 24,447.19 million in Fiscal 2024 with established market position and strong brand equity.

2. More than 5,000 customer base with presence across various sectors.

3. Economies of scale.

4. Product Portfolio with over 3,000 stock keeping units across the steel wire industry with good mix of high volume and better margin products.

5. Business model with stable and consistent margin profile.

6. Promoters and management with industry expertise of over 38 years.

Risks Involved

1. The company relies substantially on its top 10 suppliers of the raw materials and work-in- progress goods used in its manufacturing processes. Any shortages, delay or disruption in the supply of the raw materials the company use in its manufacturing process may have a material adverse effect on its business, financial condition, results of operations and cash flows.

2. Any disruption, breakdown or shutdown of its manufacturing facilities may have a material adverse effect on its business, financial condition, results of operations and cash flows.

3. Its manufacturing facilities, and the company registered office are located on leasehold lands and rental basis. If the company is unable to renew existing leases or relocate its operations on commercially reasonable terms, there may be a material adverse effect on its business, financial condition and operations.

4. The costs of the raw materials that the company use in its manufacturing process are subject to volatility. Increases or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.

5. Its inability to maintain the company distribution network in India and attract additional dealers may have a material adverse effect on its results of operations and financial condition.

6. The company is highly dependent on its skilled personnel for its day-to-day operations. The loss of or the company inability to attract or retain such persons have a material adverse effect on its business performance.

7. The company has entered into and will continue to enter into related-party transactions which may potentially have conflict of interest with such related parties.

8. The company has substantial working capital requirements and may require additional financing to meet those requirements, which could have a material adverse effect on its results of operations, cash flows and financial condition.

9. Objects of the Issue for which the funds are being raised have not been appraised by any bank or financial institutions. Any variation in the utilization of its Net Proceeds as disclosed in this Red Herring Prospectus would be subject to certain compliance requirements, including prior Shareholders' approval.

10. While the company has identified three listed peers in India, however, it may be difficult to benchmark and evaluate its finan ial performance against the said listed peer.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 1264.01 749.05 695.48
Total Liabilities 1264.01 749.05 695.48
Total Expenses 2363.83 2341.02 2126.94
Total Revenue 
2470.89 2422.57 2205.07
Profit After Tax 77.17 59.93 57.29
EBITDA 152.47 114.71 113.15
Adjusted EBITDA 0 0 0

Bansal Wire Industries Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-07-10 544209 BANSALWIRE
INE0B9K01025
₹256 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹256 ₹256
Open ₹352.05 ₹356
Low ₹335.85 ₹336
High ₹368.7 ₹372
Low ₹335.85 ₹336

Frequently Asked Questions

What is Bansal Wire Industries Ltd IPO?

Answer Field

Bansal Wire Industries Ltd IPO is a Mainboard IPO of 2,91,01,564 equity shares of a face value of ₹5 aggregating up to ₹745 Crores. The issue is priced at ₹256 to ₹256 per share. The minimum order quantity is 58 Shares. The IPO opens on July 03, 2024, and closes on July 05, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Bansal Wire Industries Ltd IPO will open?

Answer Field

The Bansal Wire Industries Ltd IPO opens on July 03, 2024 and closes on July 05, 2024.

What is the lot size of Bansal Wire Industries Ltd?

Answer Field

Bansal Wire Industries Ltd lot size is 58 shares, and the minimum amount required is ₹14,848.

How to apply for Bansal Wire Industries Ltd IPO?

Answer Field

You can apply in Bansal Wire Industries Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Bansal Wire Industries Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Bansal Wire Industries Ltd IPO will be done on July 08, 2024, and the allotted shares will be credited to your demat account by July 09, 2024.

When is Bansal Wire Industries Ltd IPO listing date?

Answer Field

The Bansal Wire Industries Ltd listing date is July 10, 2024.

Who is the registrar of Bansal Wire Industries Ltd IPO?

Answer Field

The registrar of Bansal Wire Industries Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

SBI Capital Markets Ltd,DAM Capital Advisors Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Bansal Wire Industries Ltd IPO?

Answer Field

The fresh issue size is ₹745 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Bansal Wire Industries Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 58 shares and ₹14,848 amount.

How can I approve the UPI mandate request for Bansal Wire Industries Ltd IPO?

Answer Field

To apply for Bansal Wire Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Bansal Wire Industries Ltd?

Answer Field

The price of each Bansal Wire Industries Ltd share will be ranging in between ₹256 to ₹256 per share.

What is the cut-off time for the UPI mandate for Bansal Wire Industries Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, July 05, 2024.

No results found

Browse IPOs

upcoming-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
current-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
  • TROM INDUSTRIES LIMITEDSME IPO

  • Bidding Dates

    25th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹110 - 115

  • IPO Size

    ₹31,37,00,000

  • Apply Now
  • ESPRIT STONES LIMITEDSME IPO

  • Bidding Dates

    26th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹82 - 87

  • IPO Size

    ₹50,42,00,000

  • Apply Now
  • BULKCORP INTERNATIONAL LIMITEDSME IPO Early Access

  • Bidding Dates

    30th Jul 2024 - 8th Aug 2024

  • Price Range

    ₹100 - 105

  • IPO Size

    ₹20,77,00,000

  • Apply Now
  • RAJPUTANA INDUSTRIES LIMITEDSME IPO Early Access

  • Bidding Dates

    30th Jul 2024 - 8th Aug 2024

  • Price Range

    ₹36 - 38

  • IPO Size

    ₹23,88,00,000

  • Apply Now
closed-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
  • SANSTAR LIMITEDMainboard IPO

  • Bidding Dates

    19th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹90 - 95

  • IPO Size

    ₹5,10,15,00,000

  • Invest Now
performance-radio
  • IPO Name
  • ISSUE PRICE
  • LISTING DAY CLOSE
  • LISTING DAY(GAIN/LOSS)
  • Lorem Ipsum
  • SAR TELEVENTURE LIMITEDSME IPO

  • Issue Price

    55.00

  • Listing Day Close

    110.25

  • Listing Day (Gain/Loss)

    100.00

  • SANSTAR LIMITEDMainboard IPO

  • Issue Price

    95.00

  • Listing Day Close

    115.09

  • Listing Day (Gain/Loss)

    21.05

  • MACOBS TECHNOLOGIES LIMITEDSME IPO

  • Issue Price

    75.00

  • Listing Day Close

    100.80

  • Listing Day (Gain/Loss)

    34.67

  • KATARIA INDUSTRIES LIMITEDSME IPO

  • Issue Price

    96.00

  • Listing Day Close

    191.50

  • Listing Day (Gain/Loss)

    100.00

  • TUNWAL EMOTORS LIMITEDSME IPO

  • Issue Price

    59.00

  • Listing Day Close

    60.80

  • Listing Day (Gain/Loss)

    3.39

  • PRIZOR VIZTECH LIMITEDSME IPO

  • Issue Price

    87.00

  • Listing Day Close

    173.55

  • Listing Day (Gain/Loss)

    100.00

  • THREE M PAPER BOARDS LIMITEDSME IPO

  • Issue Price

    69.00

  • Listing Day Close

    79.80

  • Listing Day (Gain/Loss)

    15.94

  • SATI POLY PLAST LIMITEDSME IPO

  • Issue Price

    130.00

  • Listing Day Close

    259.35

  • Listing Day (Gain/Loss)

    99.23

  • AELEA COMMODITIES LIMITEDSME IPO

  • Issue Price

    95.00

  • Listing Day Close

    173.25

  • Listing Day (Gain/Loss)

    82.11

  • SAHAJ SOLAR LIMITEDSME IPO

  • Issue Price

    180.00

  • Listing Day Close

    359.10

  • Listing Day (Gain/Loss)

    99.44

  • EFFWA INFRA AND RESEARCH LIMITEDSME IPO

  • Issue Price

    82.00

  • Listing Day Close

    163.55

  • Listing Day (Gain/Loss)

    100.00

  • GANESH GREEN BHARAT LIMITEDSME IPO

  • Issue Price

    190.00

  • Listing Day Close

    379.05

  • Listing Day (Gain/Loss)

    99.47

  • AMBEY LABORATORIES LIMITEDSME IPO

  • Issue Price

    68.00

  • Listing Day Close

    89.25

  • Listing Day (Gain/Loss)

    30.88

  • BANSAL WIRE INDUSTRIES LIMITEDMainboard IPO

  • Issue Price

    256.00

  • Listing Day Close

    350.30

  • Listing Day (Gain/Loss)

    36.72

  • EMCURE PHARMACEUTICALS LIMITEDMainboard IPO

  • Issue Price

    1008.00

  • Listing Day Close

    1358.85

  • Listing Day (Gain/Loss)

    34.82

  • NEPHRO CARE INDIA LIMITEDSME IPO

  • Issue Price

    90.00

  • Listing Day Close

    179.55

  • Listing Day (Gain/Loss)

    100.00

  • DIENSTEN TECH LIMITEDSME IPO

  • Issue Price

    100.00

  • Listing Day Close

    252.00

  • Listing Day (Gain/Loss)

    152.00

  • VRAJ IRON AND STEEL LIMITEDMainboard IPO

  • Issue Price

    207.00

  • Listing Day Close

    251.95

  • Listing Day (Gain/Loss)

    21.74

  • AKIKO GLOBAL SERVICES LIMITEDSME IPO

  • Issue Price

    77.00

  • Listing Day Close

    93.35

  • Listing Day (Gain/Loss)

    20.78

  • PETRO CARBON AND CHEMICALS LIMITEDSME IPO

  • Issue Price

    171.00

  • Listing Day Close

    315.00

  • Listing Day (Gain/Loss)

    84.21

We have something for everyone

Explore more Investment options

Stocks

Secure and enhance your financial future today

investment-card-icon

IPOs

Your gateway to future financial opportunities

investment-card-icon

MTF

Explore Buy Now Pay Later and boost your capital by up to 5x  

investment-card-icon

US Stocks

Discover opportunities to invest in elite FAANG stocks

investment-card-icon

Related Articles

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7.5 Lacs+ Users

icon-with-text

4.3+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300 Cr MTF Book

icon-with-text