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.
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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.