Bansal Wire Industries Limited

Company Profile
Company Name Bansal Wire Industries Limited
Open Date 03-07-2024
Close Date 05-07-2024
Exchange BSE, NSE
Lot Size 58 Shares
Issue Price ₹243 to ₹256 per share
Issue Size 2,91,01,562 shares
Application Amount ₹ 14,848 (58 shares) – 1,93,024 (754 shares)
Recommendation Apply

Incorporated in December 1985, Bansal Wiren Industries Limited is a stainless-steel wire manufacturing company that operates in three main segments: high-carbon steel wire, low-carbon steel wire (mild), and stainless-steel wire. The company exports products to over 50 countries. It has 14 global representatives. The export turnover has grown at a CAGR of 47.15% in the last three fiscal years. The company has four manufacturing units in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad, and Bahadurgarh, Jhajjar, Haryana. Out of four units two are in Loni Industrial Area, Ghaziabad. Since 2021, the company has established a sales team of over 50 experienced professionals to cover all regions of India and serve 5,000+ customers in various sectors.

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Financial Summary in Cr.

KPI’s 2022 2023 2024
Revenue 2,198.36 2,413.01 2,466.03
EBITDA 106.43 105.14 144.46
Net Profit 57.29 59.93 78.80
RoCE 27.61% 19.66% 16.74%
ROE 25.69% 21.21% 18.66%
P/E 55.90 54.47 41.42

Tentative Timeline

Opening Date 03/07/2024
Closing Date 05-07-2024
Basis of Allotment 08-07-2024
Initiation of Refunds 09-07-2024
Credit of Shares to Demat 09-07-2024
Listing Date 10-07-2024

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.

Contact Information

Registered Office Bansal Wire Industries Limited F-3, Main Road Shastri Nagar, Delhi-110052
Phone 011-2365 1891

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

Anchor Investor Shares Offered 8,730,468 (30.00%)
QIB Shares Offered 5,820,313 (20.00%)
NII (HNI) Shares Offered 4,365,234 (15.00%)
Retail Shares Offered 10,185,547 (35.00%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 95.78%
Share Holding Post Issue (Promoters) 77.97%

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