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Bansal Wire Inds IPO
Bansal Wire Industries Ltd
₹14,094 /58 sharesMinimum investment
IPO details
Minimum investment
₹14,094
Price range
₹243 - ₹256
Lot size
58
Issue size
745 Cr
Face value
5
IPO document
Subscription rate
Qualified Institutional Buyers146.05x
Non-Institutional Investor51.32x
Retail Individual Investor13.08x
Total59.27x
As of 05 Jul'24, 05:00 PM
Schedule
3 Jul 2024
IPO open date
5 Jul 2024
IPO close date
8 Jul 2024
Allotment date
8 Jul 2024
Funds unblock or debit
10 Jul 2024
Tentative listing date
About
Founded in
1985
MD/CEO
Mr. Pranav Bansal
Parent organisation
Bansal Wire Industries Ltd
Bansal Wire Inds Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For Bansal Wire Inds IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹243 - ₹256 | Upto ₹2 Lakhs | 58 |
| High Networth Individual | ₹243 - ₹256 | ₹2 - ₹5 Lakhs | 58 |