Bansal Wire industries IPO

    Bansal Wire Industries IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
    👉A legacy of 31 Years.
    India`s Oldest Investment & IPO website.
    👉Most Trusted by Investors across India.

    Table of Contents

    Bansal Wire Industries IPO Updates:
    The IPO has received Sebi nod to go ahead.

    Bansal Wire Industries IPO Grey Market Premium  
    Latest premium and subject to rates, Click

    Bansal Wire Industries IPO Subscription Status 
    Will update subscription status once the IPO opens for subscription.

    Bansal Wire Industries IPO Allotment 
    Allotment link will be live once the allotment is finalised.

     

    Bansal Wire Industries IPO Company Details to watch

    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. The Company has diversified portfolio, catering to a wide range of sectors such as automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture and auto replacement. It is an established player in the steel wire manufacturing business.
    The company operates on a “Cost Plus model”, with a clear focus to stay immune to commodity price fluctuations.
    Bansal wire industries plantThe company has a pan India presence and its reach extends to more than 50 countries through product exports, solidifying its position as a key player in the international market. Its product mix and plant capabilities allow it to switch or add production lines from one sector to another based on industry demands.
    It markets and sells its products under the brand name ‘BANSAL’ which has a strong reputation in the market as a trusted brand since incorporation. It operates in three broad segments, i.e., high carbon steel wire, mild steel wire (low carbon steel wire) and stainless steel wire and it will be also adding new segment of specialty wires through its upcoming plant in Dadri, which will help it to grow and expand its market presence in upcoming fiscals.

    For more information about the company, click www.bansalwire.com

     

    Bansal Wire Industries IPO Details to watch.
    IPO opens on  ?2024
    IPO closes on  ? 2024
    Issue Type Book Built Issue IPO
    Issue Size ? Shares /
    Rs 745 Crore
    * Fresh Issue ? Shares/
    Rs. 745 Crore
    * Offer for Sale  – Shares/
    Rs. – Crore
    Employees Discount Rs.?
    Face Value per share: Rs. 5
       
    Price Band Rs. ?
    Employee discount  Rs. ? per share
    Retail Lot Size  ? Shares
    Listing will at  BSE, NSE
    Shares offered to Shares Rs. in Cr
    QIB (75 %)  ? ?
    NII (15 %)  ? ?
    RII (10 %)  ? ?
    Employees  ? ?
    Total Shares  ? ?
    Retail portion will be oversubscribed by  ? Forms
    How much Shares to Apply? Rs.
    Min Retail Application ? Shares ?
    Max Retail Application  ? Shares
    Small HNI (Min) application  ? Shares ?
    Small HNI (Max) application ? Shares ?
    Big HNI Application ? Shares ?

     

    Bansal Wire IndustriesIPO Promoters
    Bansal Wire Industries promoterARUN 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 2024
    IPO Closes on 2024
    IPO Allotment on  2024
    Unblocking of ASBA  2024
    Credit to Demat Accounts  2024
    Listing on 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
    Year Total Income Net Profit EPS RoNW
      Rs. in Cr. Rs.in Cr. Rs. %
    2020-21 1480 40.46 ? 25.30
    2021-22 2205 57.29 ? 25.69
    2022-23 (3M) 2423 59.93 ? 21.21
    Book Value of the Share on 31.03.2023 Rs.22.17    
    Book Value of the Share after the IPO Rs.?    
    Offer Price   Rs. ?    
    Ratio Analysis
    Upper Price Band/last EPS ?
    Upper price/Book Value Ratio ?
    Upper offer price/BV after IPO Ratio

    Bansal Wire Industries Peer Comparison

    As on date of DRHP FV Total  PE
      Rs. Income Ratio of
        Rs. In Cr  
    Bansal Wire Industries 5 2423 ?
    Rajratan Wires 2   899 55.52
           

     

    # 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. We will adjust the EPS accordingly and provide our guidance accordingly.

    Quicklinks

    Bansal Wire Industries IPO GMP Guidance

    Leave a Reply

    Your email address will not be published. Required fields are marked *