IPO Details
Bidding Dates
03 Jul 24 - 05 Jul 24
Price Range ₹
243 - 256
Total Equity
₹ 745.00Cr
Lot Size
58
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
13.64×
Qualified Institutional Buyers
146.05×
Employees
0.00×
Retail Investors
13.64×
Total subscription Rate
59.57×
IPO Timeline
Offer start
03 Jul 2024
Offer end
05 Jul 2024
Allotment
08 Jul 2024
Refund initiation
09 Jul 2024
Demat transfer
09 Jul 2024
Listing
10 Jul 2024
Offer start
03 Jul 2024
Offer end
05 Jul 2024
Allotment
08 Jul 2024
Refund initiation
09 Jul 2024
Demat transfer
09 Jul 2024
Listing
10 Jul 2024
About Company
Incorporated in December 1985, Bansal Wire Industries Limited is a manufacturer of stainless steel wire.The company operates in three main segments: high carbon steel wire, low carbon (mild steel) wire, and stainless steel wire.Producing over 3,000 types of steel wire products, from very thin to very thick, Bansal Wire Industries serves more than 5,000 customers across various industries, aiding its growth. To mitigate risk, the company avoids dependence on any single customer or customer type and uses a pricing model that accommodates changes in material costs.With a presence across India and exports to over 50 countries, the company is a significant player in the global market. It has 14 global representatives in countries including Bangladesh, Brazil, France, Germany, Israel, Italy, the Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. The export turnover has grown at a CAGR of 47.15% over the last three fiscal years. Bansal Wire Industries operates four manufacturing units in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad, and Bahadurgarh, Jhajjar, Haryana. Two of these units are located in Loni Industrial Area, Ghaziabad.Since 2021, the company has established a sales team of over 50 experienced professionals, covering all regions of India and serving 5,000+ customers in various sectors.
Year Founded
11-12-1985
Promotor Details
Arun Gupta
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 95.78 | 77.97 |
| Share Capital | 122071390 | 122071390 |
Offer to Public
2,91,01,562.00 Cr
Project Details
- Repayment or prepayment of all or portion of certain outstanding borrowings availed by our Company - 4526.83cr
- General corporate purposes - 865.52cr
- Funding the working capital requirements of our Company - 600cr
- Investment in our Subsidiary for repayment or prepayment of all or a portion of certain of its outst - 937.08cr
Objectives
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company.Investment in our Subsidiary for repayment or prepayment of all or a portion of certain of its outstanding borrowings.Funding the working capital requirements of our Company.General corporate purposes.
Highlights
- Bansal Wire offers over 3,000 steel wire products across high carbon steel, mild steel, and stainless steel, catering to various industries and reducing dependency on a single product line.
- The company exports to over 50 countries and has representatives in 14, demonstrating a robust global footprint and diversified revenue streams.
- Bansal Wire's total income has shown consistent growth, from Rs 1,477.09 crore in 2021 to Rs 2,413.01 crore in 2023, indicating strong financial performance and potential for future growth.
- Holding IS 6528:1995, ISO 14001:2015, and ISO 9001:2015 certifications, the company adheres to high-quality standards, which can enhance credibility and customer trust.
- The company's export turnover has significantly increased from Rs 165.85 crore in FY21 to Rs 359.11 crore in FY23, highlighting its successful expansion in international markets.
Challenges
- The steel wire manufacturing industry is highly competitive, with numerous domestic and international players, which could impact market share and pricing power.
- The company's performance is sensitive to economic cycles and fluctuations in demand from key sectors like automotive, engineering, and infrastructure.
- The company may face risks related to fluctuations in raw material prices, which can impact profit margins despite their pricing model to address material cost changes.
- While diversification is a strength, heavy reliance on export markets can also be a risk due to geopolitical uncertainties, trade policies, and currency exchange fluctuations.
- Operating in multiple countries exposes the company to varying regulatory environments, which can pose compliance challenges and potential legal risks.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 5,771.07 | 29.71 | 6,386.88 | 6,386.88 | 0.1992 |
| 2023 | 7,664.41 | 91.04 | 599.30 | 599.30 | 4.702 |
| 2022 | 7,028.75 | 91.04 | 2,89,13,600.00 | 2,89,13,600.00 | 0.7829 |
| 2020 | 4,36,28,06,270.00 | 4,11,71,350.00 | 4,46,54,396.00 | 4,46,54,396.00 | 0.9826 |
| 2024 | 10,743.27 | 637.27 | 684.23 | 684.23 | 5.3684 |
