Bansal Wire Industries Limited IPO is set to launch on 3 July, 2024. The company initiated its business operations in the year 1985. It is involved in the manufacturing of stainless steel wire. It has three major segments: low carbon steel wire, high carbon steel wire and stainless steel wire. The product portfolio of the firm extends to more than 3000 different types of wire. It has a customer base of more than 5000 customers. The presence of the company is spread across 50 countries like Brazil, Bangladesh, Germany, France, Italy, Israel, South Korea, Netherlands, Sri Lanka, South Africa, USA, UK, Vietnam etc. It has 4 manufacturing facilities in India.
Bansal Wire Industries Limited IPO DETAILS
Bansal Wire Industries Limited IPO is set to launch on 3 July, 2024. The subscription timeline extends till 5 July, 2024. The size for the IPO is Rs. 745 Crore. Shares issued through fresh issue mode are worth Rs 745 Crore. No shares are issued through offer for sale mode. The lot size is 58 shares and the price is Rs. 243 to Rs. 256 per share. The company is going to get listed at BSE and NSE. The face value per share is Rs. 10 and this is a Book Built Issue. The registrar for the company is KFin Technologies Limited.
Tabular Description of Bansal Wire Industries Limited IPO
| IPO OPENING DATE | 3 July, 2024 |
| CLOSING DATE FOR IPO | 5 July, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | Rs. 10 per share |
| IPO price band | Rs. 243 to Rs. 256 per share |
| LOT SIZE | 58 shares |
| MINIMUM ORDER QUANTITY | 58 shares |
| ISSUE SIZE | Rs. 745 Crore |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | Rs. 745 Crore |
| LISTING AT | BSE & NSE |
| LISTING DATE | 10 July, 2024 |
Bansal Wire Industries Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 3 July, 2024 |
| CLOSING DATE FOR IPO | 5 July, 2024 |
| IPO ALLOTMENT DATE | 8 July, 2024 |
| REFUNDS | 9 July, 2024 |
| DEMAT A/C CREDITED ON | 9 July, 2024 |
| IPO LISTING DATE | 10 July, 2024 |
Bansal Wire Industries Limited IPO begins for subscription from 3 July 2024. The IPO subscription would continue till 5 July, 2024. The allotment status for the shareholders who applied would come on 8 July, 2024. The refunds for the ones who did not get allotment would be initiated on 9 July, 2024. The DEMAT accounts of shareholders would be credited on 9 July, 2024. The listing of the company would be completed on 10 July, 2024.
Bansal Wire Industries Limited IPO: Lead Managers
The lead managers are :
- DAM Capital Advisors Limited
- SBI Capital Markets Limited
The minimum lot size for retail investors is 58 shares, amounting to Rs. 14848. The maximum lot size for retail investors is 754 shares, amounting to Rs. 193024. The minimum and maximum lot size for S-HNI and B-HNI are as under:
| Lots | Shares | Amount | |
| Retail (Minimum) | 1 | 58 shares | Rs. 14848 |
| Retail (Maximum) | 13 | 754 shares | Rs. 193024 |
| S-HNI (Minimum) | 14 | 812 shares | Rs. 207872 |
| S-HNI (Maximum) | 67 | 3886 shares | Rs. 994816 |
| B-HNI (Maximum) | 68 | 3944 shares | Rs. 1009664 |
OBJECTIVES FOR THE IPO
- The IPO money will be used for funding the Working Capital Requirements.
- General corporate purposes.
- The IPO money will be used for payment of outstanding liabilities.
COMPANY FINANCIALS
| Particularly (in Rs. Crore) | 2021-22 | 2022-23 | 2023-24 | |
| Asset | 695.4 | 749 | 1264 | |
| Revenue | 2205 | 2422.5 | 2470.8 | |
| PAT | 57.2 | 59.9 | 78.8 |
Bansal Wire Industries Limited had an asset base of 695.4 Crore Rs in 2021 which increased to 749 Crore Rs in 2022 and 1264 Crore Rs in 2023. The revenue of the firm was 2205 Crore Rs in 2021, 2422.5 Crore Rs in 2022 and 2470.8 Crore Rs in 2023. The profit of the firm was 57.2 Crore Rs in 2021, 59.9 Crore Rs in 2022 and 78.8 Crore Rs in 2023.
PROS
- It has three major segments: low carbon steel wire, high carbon steel wire and stainless steel wire.
- The product portfolio of the firm extends to more than 3000 different types of wire. It has a customer base of more than 5000 customers.
- The presence of the company is spread across 50 countries like Brazil, Bangladesh, Germany, France, Italy, Israel, South Korea, Netherlands, Sri Lanka, South Africa, USA, UK, Vietnam etc.
- It has 4 manufacturing facilities in India.
Bansal Wire Industries Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Bansal Wire Industries Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
