Bansal Wire Industries Limited(MAINBOARD)

Jul 3, 2024 - Jul 5, 2024

Price ₹243 - ₹256
Premium ₹70
Lot size 58
Allotment Jul 8, 2024
Listing Jul 10, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 58 14848 175613
sHNI 14 812 207872 1792
bHNI 68 3944 1009664 3584

Last Updated as on 05-Jul-2024 17:54:00

CategoryOfferedAppliedTimes
QIBs5820312895504630153.86
HNIs 436523523665925654.21
HNIs (10L+)291015716083463855.27
HNIs (2-10L)14550787582461852.11
Retail1018554714635801214.37
Total20371094127852189862.76
Application Wise Breakup (Approx)
CategoryReservedAppliedTimes
HNIs (10L+)35843913010.92
HNIs (2-10L)17928946649.93
Retail175613203698511.6
Total Applications: 2165581
© IPO Premium
QIB Interest Cost per share (7 Days)
@7%
₹52.88
@8%
₹60.43
@9%
₹67.99
@10%
₹75.54
@11%
₹83.09
@12%
₹90.65
Big HNI (10L+) Cost per lot (7 Days)
Assuming fix interest of ₹2000 per application
Big HNI (10L+) costing for every 1 lot allotment is
₹22108
About

Bansal Wire IPO Details

Total Issue Size [29,101,562] shares
(aggregating up to ₹745.00 Cr)
Fresh Issue [29,101,562] shares
(aggregating up to ₹745.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue 127,454,390
Share holding post issue  156,555,952

Bansal Wire IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not more than 15% of the Net Issue

Key Performance Indicators

KPI Mar-24 Mar-23 Mar-22
ROE 21.19% 23.71% 29.92%
ROCE 18.46% 17.34% 18.59%
D/E 1.48 1.49 1.85
RONW 18.27% 21.21% 25.69%
EPS
(basic & diluted)
6.18 4.7 4.58
P/E
(Pre IPO)
41.41    
P/E
(Post IPO)
50.86    

Financial Statement (Restated)

Period Ended Mar-24 Mar-23 Mar-22
Assets 1,264.01 749.05 695.48
Revenue 2,470.89 2,422.57 2,205.07
Profit After Tax 78.8 59.93 57.29
Net Worth 422.37 282.51 223.01
Reserves and Surplus 358.64 273.41 213.91
Total Borrowing 681.14 422.19 413.15
Amount in Crore

About Section

Incorporated in December 1985, Bansal Wire Industries Limited is a prominent stainless steel wire manufacturing company operating in three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. The company produces over 3,000 types of steel wire products, catering to more than 5,000 customers across various industries, thus ensuring diverse revenue streams and reducing dependency on any single customer. Bansal Wire utilizes a dynamic pricing model to mitigate fluctuations in material costs. With a robust presence across India and export operations in over 50 countries, including key markets such as Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam, the company has established itself as a global market leader. Its export turnover has impressively grown at a CAGR of 47.15% over the last three fiscal years. Bansal Wire operates four manufacturing units located in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad, and Bahadurgarh, Jhajjar, Haryana, with two units in Loni Industrial Area. Since 2021, a dedicated sales team of over 50 experienced professionals has been serving the diverse needs of its extensive customer base across India.

Strength Factors

Diverse Customer Base: Serving over 5,000 customers across various sectors.

Economies of Scale: Leveraging large-scale operations to optimize costs and efficiency.

Extensive Product Portfolio: Offering over 3,000 stock keeping units with a balanced mix of high-volume and high-margin products.

Risk Factors

Manufacturing Disruptions: Any disruption, breakdown, or shutdown of manufacturing facilities could adversely impact the company's business, financial condition, operations, and cash flows.

Leasehold Dependency: Reliance on leasehold lands and rental properties for manufacturing facilities and registered office poses a risk if leases cannot be renewed or operations relocated on commercially reasonable terms.

Distribution Network Challenges: Inability to maintain or expand the distribution network and attract additional dealers in India could negatively affect the company's operations and financial condition.

Lead Manager(s)

SBI Capital Markets Limited

Dam Capital Advisors Ltd

Strength
Weakness
Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: bwil.ipo@kfintech.com

Website : https://kosmic.kfintech.com/ipostatus/