Bansal Wire IPO Date, Review, Price, Allotment Details

Bansal Wire is the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume in India with a production of 72,176 MTPA and 206,466 MTPA, respectively, in Fiscal 2023, representing 20% and approximately 4% market share, respectively. (Source: CRISIL Report) The Company was incorporated in the year 1985 and since incorporation, they have consistently delivered quality products, creating a niche identity in the steel wire industry. With a legacy of 38 years, they take pride in their diversified portfolio, catering to a wide range of sectors such as automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture, and auto replacement.

They are an established player in the steel wire manufacturing business on account of the following:

• They manufacture over 3,000 stock-keeping units (SKUs), the highest amongst all steel wire manufacturers in India with sizes ranging from as thin as 0.04 mm to as thick as 15.65 mm;
• With a well-diversified base of more than 5,000 customers spanning various sectors, they have established a robust network that contributes to their sustained growth;
• As part of their de-risking strategy, no single customer accounts for more than 5% of their sales, and no individual sector or segment constitutes more than 25% of their sales, ensuring a balanced and resilient business model;
• They operate on a “Cost Plus model”, with a clear focus on staying immune to commodity price fluctuations;
• Their Promoters have been in this steel wire manufacturing business since 1938, having experience for three generations;
• They have a pan-India presence and their reach extends to more than 50 countries through product exports, solidifying their position as a key player in the international market;
• They are currently operating from their four existing manufacturing facilities and will be setting up the largest single-location manufacturing facility of steel wire in Dadri, India, and will be amongst the largest capacities in Asia;
• Their product mix and plant capabilities allow them to switch or add production lines from one sector to another based on industry demands; and
• With a long-standing track record of generating operating profits, they have demonstrated their ability to navigate challenges and maintain a successful and sustainable business.

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 be also adding a new segment of specialty wires through their upcoming plant in Dadri, which will help us to grow and expand their market presence in upcoming fiscals.

Objects of the Issue

• 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 IPO Review (Apply or Not)

• May Apply

Brokerage Firm IPO Review

• Swastika Investmart: May Apply

Bansal Wire IPO Date & Price Band Details

Bansal Wire IPO Market Lot

The Bansal Wire IPO minimum market lot is 58 shares with ₹14,848 application amount. The retail investors can apply up-to 13 lots with 754 shares or ₹193,024 amount.

Bansal Wire IPO Allotment & Listing Dates

The Bansal Wire IPO date is July 3 and the close date is July 5. The Bansal Wire IPO allotment will be finalized on July 8 and the IPO listing on July 10.

You can check IPO subscription status and IPO allotment status on their respective pages.

Bansal Wire IPO Form

How to apply for the Bansal Wire IPO? You can apply for Bansal Wire IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Bansal Wire IPO in the Invest section. The other option is you can apply for Bansal Wire IPO via IPO forms downloaded via NSE and BSE. Check out the Bansal Wire forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Bansal Wire Company Financial Report

Bansal Wire IPO Valuation – FY2023

Check Bansal Wire IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Rajratan Global Wire Limited

Company Promoters

• Arun Gupta
• Anita Gupta,
• Pranav Bansal
• Arun Kumar Gupta HUF

Bansal Wire IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/

Bansal Wire IPO Allotment Status Check

Check Bansal Wire IPO allotment status on Kfin Technologies website allotment URL. Click Here

Bansal Wire IPO Lead Managers aka Merchant Bankers

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

Company Address

Bansal Wire Industries Limited
F-3, Main Road
Shastri Nagar,
Delhi-110052
Phone: 011-2365 1891
Email: [email protected]
Website: https://bansalwire.com/

Bansal Wire IPO FAQs