Bansal Wire Industries IPO GMP Today, Bansal Wire IPO Grey Market Premium Updates | Bansal Wire Industries IPO, Latest target, Opening gain
Incorporated in December 1985, Bansal Wire Industries Limited is a stainless steel wire manufacturing company. The company operates in three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire.
The company exports products to over 50 countries. It has 14 global representatives covering Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. Our export turnover has grown at a CAGR of 47.15% in the last three fiscal years.
The company has a presence across India and operates in over 50 countries through product exports, solidifying its position as a key player in the global market.
The company has four manufacturing units in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad and Bahadurgarh, Jhajjar, Haryana. Out of four units two are located in Loni Industrial Area, Ghaziabad.
To reduce risk, the company doesn’t rely too much on one customer or one type of customer. They also use a pricing model that helps them deal with changes in material costs.
The company makes over 3,000 different types of steel wire products, ranging in size from very thin to very thick. They have more than 5,000 customers in different industries, which helps the company grow.
Since 2021, the company has established a sales team of over 50 experienced professionals to cover all regions of India and serve 5,000+ customers in various sectors.
Bansal Wire IPO Details:
| Issuer | Bansal Wire IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 03 July 2024 | |
| Issue Closes: 05 July 2024 | ||
| Price Brand | ₹243 to ₹256 per share | |
| Issue Size | ₹745.00 Cr | |
| Face Value | ₹5 per share | |
| Market Lot | 58 Shares | |
| Retail (Max) | ₹193,024 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 29,101,562 shares | |
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Bansal Wire IPO GMP Rates day by day
Bansal Wire IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 58 | ₹14,848 |
| Retail (Max) | 13 | 554 | ₹193,024 |
| S-HNI (Min) | 14 | 812 | ₹207,872 |
| S-HNI (Max) | 67 | 3,886 | ₹994,816 |
| B-HNI (Min) | 68 | 3,944 | ₹1,009,664 |
Bansal Wire IPO Date, Allotment & Listing:
| Bansal Wire IPO Opening Date: | JULY 03, 2024 |
| Bansal Wire IPO Closing Date: | JULY 05, 2024 |
| Basis of Allotment: | JULY 08, 2024 |
| Initiation of Refunds: | JULY 09, 2024 |
| Credit to Demat Account: | JULY 09, 2024 |
| Listing Date: | JULY 10, 2024 |
Bansal Wire Industries Limited Financial Information (Restated)
Bansal Wire Industries Limited’s revenue increased by 9.86% and profit after tax (PAT) rose by 4.61% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 818.74 | 749.05 | 695.48 | 570.32 |
| Revenue | 1,154.03 | 2,422.57 | 2,205.07 | 1,480.42 |
| Profit After Tax | 39.00 | 59.93 | 57.29 | 40.47 |
| Net Worth | 321.37 | 282.51 | 223.01 | 159.97 |
| Reserves and Surplus | 312.27 | 273.41 | 213.91 | 157.00 |
| Total Borrowing | 403.33 | 422.19 | 413.15 | 362.22 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of Bansal Wire IPO is Rs 0 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.19% |
| ROCE | 18.46% |
| Debt/Equity | 1.48 |
| RoNW | 18.27% |
| P/BV | 7.72 |
| PAT Margin (%) | 3.19 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.18 | 0 |
| P/E (x) | 41.41 | 0 |
Objects of the Issue (Bansal Wire IPO Objectives)
The company proposes to use the Net Proceeds from the Issue for the following purposes:
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary;
- Funding the working capital requirements of the company and
- General corporate purposes.
Bansal Wire IPO ALLOTMENT STATUS
How to Apply for Bansal Wire IPO?
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How to Apply Bansal Wire IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Bansal Wire”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Bansal Wire IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Bansal Wire”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
Bansal Wire IPO is a main-board initial public offering of 29,101,562 Equity shares of the face value of ₹5 aggregating up to ₹745.00 Crores. The issue price of the IPO is ₹243 to ₹256 Per Equity Share. The minimum order quantity is 58 Shares per application and the offer type is Book Built Issue. The IPO opens on July 03, 2024 and closes on July 05, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Bansal Wire IPO opens on July 03, 2024 and closes on July 05, 2024.
You can apply in Bansal Wire IPO online using either UPI or ASBA as payment method. Axis Capital Limited, ICICI Securities Limited, Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the Bansal Wire IPO, while Kfin Technologies Limited is the registrar for the issue.
The finalization of Basis of Allotment for Bansal Wire IPO will be done on July 08, 2024, and the allotted shares will be credited to your demat account by July 09, 2024. Check the Bansal Wire IPO allotment status.
The Bansal Wire IPO listing date is not yet announced. The tentative date of Bansal Wire IPO listing is July 10, 2024.
Bansal Wire IPO lot size is 58 Shares and the minimum order quantity is 1 Shares.