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Bansal Wire Inds IPO
Bansal Wire Industries Ltd
₹14,094 /58 sharesMinimum Investment
Bansal Wire Inds IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 3 Jul ‘24 - 5 Jul ‘24 | ₹14,094 | 58 | ₹243 - ₹256 |
| Issue Size | IPO Doc |
|---|---|
| 745.00Cr | RHP PDF |
Subscription rate
As of 05 Jul'24, 05:00 PM
| Qualified Institutional Buyers | 146.05x |
| Non-Institutional Investor | 51.32x |
| Retail Individual Investor | 13.08x |
| Total | 59.27x |
About Bansal Wire Inds
Founded in
1985
Managing director
Mr. Pranav Bansal
Parent organisation
Bansal Wire Industries Ltd
Strengths & Financials of Bansal Wire Inds
Strengths
Risks
Bansal Wire has a range of steel wire products, with over 3,000 stock-keeping units (SKUs) divided primarily into three categories: high carbon steel wire, mild steel wire, and stainless steel wire.
The company holds IS 6528 : 1995; ISO 14001:2015, and ISO 9001:2015 certifications for various quality standards.
The company’s products are exported to over 50 countries. It has business representatives in 14 countries – Bangladesh, Brazil, France, Germany, Israel, Italy, the Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam.
The company’s total income has risen consistently from Rs 1,477.09 crore in 2021 to Rs 2,198.36 crore in 2022 to Rs 2,413.01 crore in 2023.
Export turnover has also increased from Rs 165.85 crore in FY21 to Rs 359.11 crore in FY23.
Bansal Wire's success is closely tied to the steel wire market. Negative shifts in this market could hurt the company's business prospects and financial performance.
Bansal Wire has contingent liabilities and commitments, including a corporate guarantee of Rs 98.56 crore for Bansal Aradhya Steel Private Limited related to a loan from IndusInd Bank, a bill discounting facility of Rs 14.86 crore from South Indian Bank, and capital commitments totalling Rs 65.46 crore as of September 30, 2023. Any inability to service or repay these loan commitments could adversely affect the company.
The company has experienced negative cash flows in the past. Any repeat of this can be detrimental to the company’s operations.
There are certain litigations against the company, its promoters, directors, subsidiary, and group companies totalling Rs 12.75 crore. Any adverse judgements in these cases could hurt the company’s business prospects.
The costs of the raw materials used in the company’s manufacturing processes experience volatility. This holds the potential to negatively affect the company’s business.
Bansal Wire Inds Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Bansal Wire Inds IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹243 - 256 | Upto ₹2 Lakh |
| High Networth Individual | ₹243 - 256 | ₹2 - 5 Lakh |
For Bansal Wire Inds IPO, eligible investors can apply as Regular.