July 10, 2024
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Bansal Wire Industries IPO GMP date review price allotment details @ Chanakyanipothi.com,
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
Bansal Wire Industries IPO Post Listing Review:
The shares of Bansal Wires are listed at Rs. 356 on July 10th, 2024. The listing has been at a premium of 39.06% over the issue price and the listing has been in line with the expectations of the grey market players. Now post listing, the experts suggest retain/holding the shares for at least 6 to 9 months and they are expected to give decent appreciation over the listing price, once the 2 quarter results are announced.
Bansal Wire Industries IPO Grey Market Premium
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Bansal Wire Industries IPO Subscription Status
Bansal Wires IPO Subscriptions (Closed)Price Rs. 256 Lot 58 shares, Rs. 549.40 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 153.86 | 55.27 | 52.11 | 54.21 | 14.37 | 62.76 |
| Applications: 21,59,874 / (12.30x) Amount wise Bids recd. Rs. 34480.34 Crore |
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Bansal Wire Industries IPO Allotment
Bansal Wire Industries IPO allotment link will be provided once the allotment is finalised.
Frequently Asked Questions:
For July 31, 2024
Bansal Wire Industries IPO Details |
|
| IPO opens on | 3 July 2024 |
| IPO closes on | 5 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 29101562 Shares / Rs 745 Crore |
| * Fresh Issue | 29101562 Shares/ Rs. 745 Crore |
| * Offer for Sale | – Shares/ Rs. – Crore |
| Employees Discount | Rs.0 |
| Face Value per share: | Rs. 5 |
| Price Band | Rs. 243-256 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 58 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (50 %) | 14550781 | 372.50 |
| NII (15 %) | 4365234 | 111.75 |
| RII (35 %) | 10185547 | 260.75 |
| Employees | – | |
| Total Shares | 29101562 | 745.00 |
| Retail portion will be oversubscribed by | 175613 Forms | |
| How much Shares to Apply? | Rs. | |
| Min Retail Application | 58 Shares | 14848 |
| Max Retail Application | 754 Shares | 193024 |
| Small HNI (Min) application | 812 Shares | 207872 |
| Small HNI (Max) application | 3886 Shares | 994816 |
| Big HNI Application | 3944 Shares | 1009664 |
Bansal Wire Industries IPO Promoters
ARUN GUPTA, ANITA GUPTA,
PRANAV BANSAL AND ARUN KUMAR GUPTA HUF
Objects of the Bansal Wire Industries IPO
This is fresh issue of capital
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
1. Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company and its Subsidiary
2. Funding the working capital requirements of the Company; and
3. General corporate purposes.
Bansal Wire Industries IPO GMP Details to watch Guidance & Subscription
| Bansal Wire Industries IPO Indicative timetable | |
| IPO opens on | 3 July 2024 |
| IPO Closes on | 5 July 2024 |
| IPO Allotment on | 8 July 2024 |
| Unblocking of ASBA | 9 July 2024 |
| Credit to Demat Accounts | 9 July 2024 |
| Listing on | 10 July 2024 |
| Registered Office of Bansal Wire Industries | |
| F-3, Main Road, Shastri Nagar, Delhi-110052 | |
| Lead Managers of Bansal Wire Industries IPO | |
| SBI Capital Markets Limited DAM Capital Advisors Limited |
|
| Registrar to Bansal Wire Industries IPO | |
| KFin Technologies Limited |
Bansal Wire Industries IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr. | Rs.in Cr. | Rs. | % | |
| 2021-22 | 2182 | 57.29 | 4.58 | 25.69 |
| 2022-23 | 2394 | 59.93 | 4.70 | 21.21 |
| 2023-24 | 2445 | 78.80 | 6.18 | 18.27 |
| Book Value of the Share on | 31.03.2024 | Rs.33.14 | ||
| Book Value of the Share | after the IPO | Rs.74.57 | ||
| Offer Price | Rs. 256 | |||
| Ratio Analysis | |
| Price Band/EPS | 41.42 |
| Upper price/BV Ratio | 7.72 |
| Upper price/BV after IPO Ratio | 3.43 |
Bansal Wire Industries Peer Comparison
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Bansal Wires | 5 | 2,471 | ? |
| Rajratan wires | 2 | 899 | 41.68 |
| D.P. Wires | 19 | 1221 | 18.94 |
| Bedmutha | 10 | 748 | 37.52 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Bansal Wire Industries IPO Guidance:
Bansal Wire Industries 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.
Financial Analysis: The company has divided its Rs. 10 face value shares in to 2 shares of the face value Rs. 5 each. Subsequently on 1 December 2023, after the end of the financial year 2022-23, 109246620 shares have been issued as bonus shares and accordingly the paid-up capital prior to the IPO has increased to 637272950 shares. The EPS for the year 2022-23 and earlier period have to be reworked on the basis of enlarged equity base. Considering the leadership position in steel wire market and huge potential of its new plant at Dadri, the IPO offers strong potential for listing gains. However from medium to long term angle, this investment can bring bumper returns.
+ from Fundamental Angle= Apply
+ from Grey Market Angle= Apply
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