Bansal Wire Industries Ltd

Bansal Wire Industries Ltd IPO

Bansal Wire Industries Ltd IPO Price Range is ₹243 - 256, with a minimum investment of ₹14,848 for 58 shares.

₹14,848

/ 58 shares

Minimum Investment

View Bansal Wire Industries Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹243 - 256

Open Date

2024-07-03

Close Date

2024-07-05

IPO Size

₹745.00 Cr

Lot Size

58 shares

Min Investment

₹14,848

Listing Exchange

NSE

Bansal Wire Industries Ltd IPO Application Timeline

passed
Open Date3 Jul 2024
passed
Close Date5 Jul 2024
passed
Allotment Date8 Jul 2024
passed
Listing Date10 Jul 2024

IPO Subscription Status

IPO subscribed over

🚀 59.57x

This IPO has been subscribed by 13.64x in the retail category and 146.05x in the QIB category.

Subscription Rate

Total Subscription59.57x
Retail Individual Investors13.64x
Qualified Institutional Buyers146.05x
Non Institutional Investors51.46x
NameBansal Wire Industries Ltdx

Strengths and Risks

Strengths

Strengths

  • Steel wire manufacturers with revenue of Rs. 24,447.19 million in Fiscal 2024 with established market position and strong brand equity.

  • More than 5,000 customer base with presence across various sectors.

  • Economies of scale.

  • Product Portfolio with over 3,000 stock keeping units across the steel wire industry with good mix of high volume and better margin products.

  • Business model with stable and consistent margin profile.

  • Promoters and management with industry expertise of over 38 years.


Risks

Risks

  • The company relies substantially on its top 10 suppliers of the raw materials and work-in- progress goods used in its manufacturing processes. Any shortages, delay or disruption in the supply of the raw materials the company use in its manufacturing process may have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • Any disruption, breakdown or shutdown of its manufacturing facilities may have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • Its manufacturing facilities, and the company registered office are located on leasehold lands and rental basis. If the company is unable to renew existing leases or relocate its operations on commercially reasonable terms, there may be a material adverse effect on its business, financial condition and operations.

  • The costs of the raw materials that the company use in its manufacturing process are subject to volatility. Increases or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • Its inability to maintain the company distribution network in India and attract additional dealers may have a material adverse effect on its results of operations and financial condition.

  • The company is highly dependent on its skilled personnel for its day-to-day operations. The loss of or the company inability to attract or retain such persons have a material adverse effect on its business performance.

  • The company has entered into and will continue to enter into related-party transactions which may potentially have conflict of interest with such related parties.

  • The company has substantial working capital requirements and may require additional financing to meet those requirements, which could have a material adverse effect on its results of operations, cash flows and financial condition.

  • Objects of the Issue for which the funds are being raised have not been appraised by any bank orfinancial institutions. Any variation in the utilization of its Net Proceeds as disclosed in this Red Herring Prospectus would be subject to certain compliance requirements, including priorShareholders approval.

  • While the company has identified three listed peers in India, however, it may be difficult to benchmark and evaluate its finan ial performance against the said listed peer.

How to Apply for Bansal Wire Industries Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Bansal Wire Industries Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Bansal Wire Industries Ltd

The Company along with its Subsidiary, BSPL, offers over 3000 SKUs (i.e., stock keeping units) in three broad segments, i.e., high carbon steel wire, mild steel wire (low carbon steel wire) and stainless steel wire, with theCompanys offering of approximately 2000 SKUs and its Subsidiarys offering of 1500 SKUs. Further, there are approximately 500 SKUs which are common in both the Company and Subsidiary. High carbon steel wires refer to wires made from high carbon steel with 0.30% to 1.00% carbon and are known for their exceptional strength, hardness, and durability. They are used in applications where these properties are crucial, such as in the manufacturing of springs, cutting tools, and various industrial components that require resilience and resistance to wear and fatigue. Mild Steel Wire is made out of a low-carbon steel with a carbon content ranging from 0.05%to 0.25% and is known for its ductility, malleability, weldability, and versatile nature. They are commonly used in power & transmission, agriculture, poultry, fencing, and construction. Stainless steel wire is made from a corrosion-resistant alloy which is a combination of iron, chromium, nickel, and other elements and is used in consumer durables, hardware, automotive, agriculture and other general engineering products. The Company operates from its four established manufacturing facilities in the National Capital Region, India, with three manufacturing facilities in Ghaziabad (U.P.) and one manufacturing facility in Bahadurgarh (Haryana). Additionally, its Dadri facility has commenced its initial commercial production in the end of January, 2024, and as of March 31, 2024, is operating at a capacity of 3,000 metric tonnes of high carbon wires with 78.50% of the capacity utilisation. While the company has built its network in order to ensure pan India presence across all regions of India, i.e., it is present in 22 states and six union territories, by way of its dealer distribution network, it has robust revenue from operations in northern states and western states in India with 65.61%, 67.78% and 64.80% of revenue from operations generated from Delhi, Haryana, Maharashtra and Uttar Pradesh in Fiscals 2022, 2023, 2024, respectively.

Frequently Asked Questions of Bansal Wire Industries Ltd IPO

What is the size of the Bansal Wire Industries Ltd IPO?

The size of the Bansal Wire Industries Ltd IPO is ₹745 Cr.

What is the allotment date of the Bansal Wire Industries Ltd IPO?

Bansal Wire Industries Ltd IPO allotment date is Jul 8, 2024 (tentative).

What are the open and close dates of the Bansal Wire Industries Ltd IPO?

The Bansal Wire Industries Ltd IPO will open on Jul 3, 2024 and close on Jul 5, 2024

What is the lot size of Bansal Wire Industries Ltd IPO?

The lot size for the Bansal Wire Industries Ltd IPO is 58.

When will my Bansal Wire Industries Ltd IPO order be placed?

Your Bansal Wire Industries Ltd IPO order will be placed on Jul 3, 2024

Can we invest in Bansal Wire Industries Ltd IPO?

Yes, once Bansal Wire Industries Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Bansal Wire Industries Ltd IPO?

The potential listing gains on the Bansal Wire Industries Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Bansal Wire Industries Ltd IPO?

'Pre-apply' for Bansal Wire Industries Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.