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Bidding Date
03-Jul-2024 to
05-Jul-2024
Issue Size
₹745 Cr
Price Band
₹243 to ₹256
Allotment date
08-Jul-2024
Listing date
10-Jul-2024
Lot size
58
No. of shares
2,91,01,563
Fresh issue/OFS
₹745 Cr /--
Bansal Wire Industries Ltd, established in 1985, offer over 3000 SKUs across three broad segments: high carbon steel wire, mild steel wire (low carbon steel wire), and stainless steel wire. High carbon steel wires, known for their strength and durability, are used in applications like springs and cutting tools. Mild steel wires are valued for their ductility and versatility, commonly used in agriculture, fencing, and construction. Stainless steel wires, corrosion-resistant and durable, serve industries such as consumer durables, automotive, and general engineering. They operate from four manufacturing facilities in the National Capital Region of India, including three in Ghaziabad (U.P.) and one in Bahadurgarh (Haryana). Their extensive distribution network ensures a pan-India presence, covering 22 states and six union territories.
Read our in-depth analysis of the Bansal Wire Industries Ltd IPO Here 
Category
Status
QIBs
146.1x
NIIs
51.5x
Retail
13.6x
Others
--
Total
59.6x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Bansal Wire is ₹745.00 Cr.
Bansal Wire falls into Other Materials industry.
The Bansal Wire IPO will be listed on both NSE and BSE.
The open and close dates for the Bansal Wire are 03-Jul-2024 & 05-Jul-2024.
The price band for the Bansal Wire ipo is ₹243 to ₹256
The listing date of Bansal Wire IPO is 10-Jul-2024.
The purpose of this IPO is to raise fresh capital.
Bansal Wire total subscription ratio is 59.6X.
Key financial of the Bansal Wire are:
| Bansal Wire | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 2466.03 | 2413 | 2198.4 |
| EBIT (₹ Cr) | 130.95 | 96 | 98.1 |
| Proft after Tax (₹ Cr) | 75.24 | 59.9 | 57.3 |
| Debt (₹ Cr) | 681.14 | 422.2 | 413.1 |
| Net Worth (₹ Cr) | 461.14 | 282.5 | 223 |
| RoE (%) | 16.32 | 21.2 | 25.7 |
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