The promoters of the Company are Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta HUF. The registrar of the IPO is KFin Technologies Limited. The book-running lead managers of the Bansal Wire Industries Limited IPO are Axis Capital, DAM Capital Advisors, and JM Financial.
The company reported revenue of ₹24,225.68 million in 2023 against revenues of ₹22,050.72 million in 2022. The PAT was 599.30 million in 2023 against 572.90 million in 2022. The peer group of the company is Rajratan Global Wire Limited.
Bansal Wire Industries is involved in manufacturing and exporting steel wires. The company operates in three main segments: high carbon steel wire, mild steel wire (low carbon steel wire), and stainless steel wire.
Additionally, it plans to introduce a new segment of speciality wires through its upcoming plant in Dadri, which will enable the company to grow and expand its market presence in the upcoming fiscal years.
