Bansal Wire IPO Date, Review, Price, Allotment Details

Bansal Wire IPO Details: Bansal Wire IPO date is fixed, the IPO is to hit the market on July 3, 2024 and will close on July 5, 2024. Bansal Wire IPO to raise around ₹745 crores via IPO that comprises fresh issue of ₹745 crores and offer for sale up to 29,101,562 equity shares of ₹5 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Bansal Wire IPO

Table of Contents

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

IPO Open:July 3, 2024
IPO Close:July 5, 2024
IPO Size:Approx ₹745 Crores, 29,101,562 Equity Share
Fresh Issue:Approx ₹745 Crores, 29,101,562 Equity Share
Face Value:₹5 Per Equity Share
IPO Price Band:₹243 to ₹256 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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.

ApplicationLot SizeSharesAmount
Retail Minimum158₹14,848
Retail Maximum13754₹193,024
S-HNI Minimum14812₹207,872
B-HNI Minimum683944₹1,009,664

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.

IPO Open Date:July 3, 2024
IPO Close Date:July 5, 2024
Basis of Allotment:July 8, 2024
Refunds:July 9, 2024
Credit to Demat Account:July 9, 2024
IPO Listing Date:July 10, 2024

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

  ₹ in Crores
Sept 2023₹1154.03₹1105.62₹39.00

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.

Earning Per Share (EPS):₹4.70 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):21.21%
Net Asset Value (NAV):₹22.17 per Equity Share

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]

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,
Phone: 011-2365 1891
Email: [email protected]

Bansal Wire IPO FAQs

What is Bansal Wire IPO?

Bansal Wire IPO is a main-board IPO. They are going to raise ₹745 Crores via IPO. The issue is priced at ₹243 to ₹256 pr equity share. The IPO is to be listed on BSE & NSE.

When Bansal Wire IPO will open?

The IPO is to open on July 3, 2024 for QIB, NII, and Retail Investors.

What is Bansal Wire IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Bansal Wire IPO?

You can apply for Bansal Wire IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Bansal Wire IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Bansal Wire”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Bansal Wire IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Bansal Wire”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Bansal Wire IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Bansal Wire”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Bansal Wire IPO Size?

Bansal Wire IPO size is ₹745 crores.

What is Bansal Wire IPO Price Band?

Bansal Wire IPO Price Band is ₹243 to ₹256.

What is Bansal Wire IPO Minimum and Maximum Lot Size?

The minimum bid is 58 Shares with ₹14,848 amount while the maximum bid is 754 shares with ₹193,024.

What is the Bansal Wire IPO Allotment Date?

Bansal Wire IPO allotment date is July 8, 2024.

What is the Bansal Wire IPO Listing Date?

Bansal Wire IPO listing date is July 10, 2024. The IPO is to list on BSE and NSE.

Note: The Bansal Wire IPO price band and date are not officially announced yet. The IPO grey market premium (Bansal Wire IPO Premium) will be added to the IPO grey market page as it will start).

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