Bansal Wire IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jul 07, 2024Let’s have a detailed review of the company and analytics of the Bansal Wire IPO release date, IPO offer price, subscription, Bansal Wire Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 5 |
| Price Band | Rs 243 to Rs 256 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 58 Shares |
| Listing Date | July 10, 2024 |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 745.00 Cr. |
| IPO Size | Rs 745.00 Cr. |
| Tick Size | 1 |
Bansal Wire IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Bansal Wire Share Price |
Bansal Wire IPO – Summary
Their Company along with its Subsidiary, Bansal Steel & Power Limited, offers over 3000 SKUs (i.e., stock-keeping units) in three broad segments, i.e., high carbon steel wire, mild steel wire (low carbon steel wire) and stainless steel wire, with their Company’s offering of approximately 2000 SKUs and their Subsidiary’s offering of 1500 SKUs.
Further, there are approximately 500 SKUs which are common in both their Company and Subsidiary. High-carbon steel wires refer to wires made from high-carbon steel with 0.30% to 1.00% carbon and are known for their exceptional strength, hardness, and durability.
The promoters of this company are ARUN GUPTA, ANITA GUPTA, PRANAV BANSAL AND ARUN KUMAR GUPTA HUFIN. The lead managers of the issue are SBI Capital Markets Limited and DAM Capital Advisors Limited, and the Registrar of this issue is KFin Technologies Limited.
Bansal Wire IPO Date
The opening and closing dates of Bansal Wire IPO are July 3, 2024 and July 5, 2024, respectively.
Bansal Wire IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 3rd Jul | 0.01x | 2.59x | 2.65x | 1.88x |
| 2nd Day – 4th Jul | 0.10x | 12.84x | 6.57x | 6.06x |
| 3rd Day – 5th Jul | 153.86x | 54.21x | 14.37x | 62.76x |
| Shares Offered or Net Issue | 5,820,313 | 4,365,234 | 10,185,547 | 29,101,562 |
The shares subscribed by the public will be updated here.
Bansal Wire IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Bansal Wire Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | July 8, 2024 |
| Refunds Initiation | July 9, 2024 |
| Credit of Shares to Demat Account | July 9, 2024 |
| Share Listing Date | July 10, 2024 |
Bansal Wire IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 243 to Rs 256
Bansal Wire IPO Equity Size
This Initial Public Issue of 29,101,562 Equity Shares of Rs.10 each for cash at a price of Rs 243 to Rs 256 per equity share aggregating to Rs.745.00 Cr.
Bansal Wire IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 29,101,562 Equity Shares of Rs.10/ each.
Issue Size: 29,101,562 Equity Shares of Rs.10 each, aggregating to Rs.745.00 Cr.
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Bansal Wire IPO – Live Performance
The listing date of this IPO is July 10, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Bansal Wire Share Price |
Bansal Wire IPO Grey Market Premium
The Bansal Wire Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Bansal Wire IPO – Company Overview
They operate in three broad segments, i.e., high carbon steel wire, mild steel wire (low carbon steel wire) and stainless steel wire and they will also be adding a new segment of speciality wires through their manufacturing plant in Dadri, which will help them to grow and expand their market presence in upcoming fiscals.
The extensive range of their products includes 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.
They source raw materials from a diversified base of suppliers.
Bansal Wire IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-24 | 31-Mar-23 | Mar-22 | |
| Total Assets |
12,640.10
|
7,490.52
|
6,954.83
|
| *Total Revenue |
24,708.86
|
24,225.68
|
22,050.72
|
| Total Expense |
23,638.35
|
23,410.18
|
21,269.38
|
| Profit After Tax |
787.98
|
599.30
|
572.90
|
Earnings per Equity Share (in Million)
| 31-Mar-24 | 31-Mar-23 | Mar-22 | |
| Basic & Diluted |
6.18
|
4.70
|
4.58
|
Further, their PAT for the period ended on March 31, 2024, March 31, 2023, and March 31, 2022, were Rs. 787.98 Million, Rs. 599.30 Million and Rs. 572.90 Million respectively.
Bansal Wire IPO – Promoters
The Promoter of this company is:
- ARUN GUPTA,
- ANITA GUPTA,
- PRANAV BANSAL
- ARUN KUMAR GUPTA HUFIN
List of Related Parties (Key Managerial Personnel)
- Arun Gupta, Chairman and Whole-Time Director
- Pranav Bansal, Managing Director and Chief Executive Officer
- Umesh Kumar Gupta, Whole-time Director and Chief Operating Officer
- Satish Prakash Aggarwal, Independent Director
Bansal Wire IPO – Promoters Holding
- Pre-Issue Share Holding – 95.78%
- Post-Issue Share Holding – %
Bansal Wire IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 29,101,562 Equity Shares aggregating up to Rs.7,450 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 127,454,390 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Bansal Wire IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by their Company;
- Investment in their Subsidiary for repayment or prepayment of all or a portion of certain of its outstanding borrowings;
- Funding the working capital requirements of their Company; and
- General corporate purposes.
Bansal Wire IPO – Business Strategy
- Expansion of their customer base in north India increases penetration in other geographies
- Focus on increasing their export sales and growing sectors like automotive and infrastructure
- Entering into the B2C segment of steel products and establishing a retail distribution network
- Increase in margin profile by focusing on high-margin products and adding a speciality wire segment
Bansal Wire IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Steel wire manufacturers with revenue of ₹ 24,447.19million in Fiscal 2024 with established market position and strong brand equity;
- More than 5,000customer base with a presence across various sectors;
- Economies of scale;•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;
- Business model with stable and consistent margin profile; and
- Promoters and management with industry expertise of over 38 years
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-24 |
6.18
|
18.27
|
33.14
|
| 31-Mar-23 |
4.70
|
21.21
|
– |
| Mar-22 |
4.58
|
25.69
|
– |
Bansal Wire IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Bansal Wire Limited | 5 | [●] |
6.18
|
18.46% | 24,708.86 |
| Listed Peers | |||||
| Rajratan Global Wire Limited | 2 |
41.68
|
14.15
|
15.41%
|
8,986.80
|
|
DP Wires Limited
|
10 |
18.94
|
23.43
|
17.39%
|
12,213.10
|
Bansal Wire IPO Lead Managers
| Lead Managers |
|
SBI Capital Markets Limited DAM Capital Advisors Limited |
Bansal Wire IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Limited (formerly known as KFin Technologies Private Limited) Selenium, Tower B, Plot No. 31 and 32, Gachibowli, Financial District Nanakramguda, Serilingampally Hyderabad 500 032Telangana, India Tel: +91406716 2222 E-mail: bwil.ipo@kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: M. Murali Krishna SEBI Registration No.: INR000000221 |
Bansal Wire IPO – Other Details
- Statutory Auditor – Prateek Gupta & Company
- Legal Counsel to the Company – AZB & Partners
- Bankers to the Company – HDFC Bank Limited
Bansal Wire IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Bansal Wire Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Bansal Wire IPO Review FAQs
Check out various FAQs related to Bansal Wire IPO:
What is the Issue Size of Bansal Wire IPO?
The Company is making an initial public offer of 29,101,562 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Bansal Wire IPO?
The price band for this particular IPO ranges between Rs 243 to Rs 256. As far as the face value of the share is concerned, it is Rs. 5 per share.
What is the Bansal Wire IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on July 3, 2024, while the closing date is set at July 5, 2024.
What is the Bansal Wire IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on July 8, 2024, refund initiation is on July 9, 2024, credit of shares is on July 9, 2024, and share listing date is on July 10, 2024.
What is the Bansal Wire IPO Listing Date?
Shares of this company shall be listed in the exchanges on July 10, 2024. The date, when the listing would be done, is stagnant on July 10, 2024.
Who is the Registrar of Bansal Wire IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Bansal Wire IPO?
Here are the promoters of this IPO – ARUN GUPTA, ANITA GUPTA, PRANAV BANSAL AND ARUN KUMAR GUPTA HUFIN. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Bansal Wire IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Bansal Wire IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Bansal Wire Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2024 in Million is 787.98, 2023 is 599.30, and 2022 is 572.90.
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