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BANSAL WIRE INDUSTRIES LIMITED

Main Board

Issue Price

₹243- ₹256

per equity share

Issue Size

3.07 crores

equity share

Face Value

per equity share

Market Lot

58

equity share

Please note

Listing at BSE

BANSAL WIRE INDUSTRIES LIMITED

Important Dates

IPO Open Date

03 Jul 2024

IPO Close Date

05 Jul 2024

Allotment Date

08 Aug 2024

Initiation of Refunds

09 Aug 2024

Credit of Shares to Demat Account

09 Aug 2024

IPO Listing Date

10 Aug 2024

UPI Mandate Expiry Date

05 Jul 2024

IPO Details

Bansal Wire Industries has come up with an offering of a public issue. This initial public offering (IPO) will come with a total issue size of up to Rs 745 crore. This new IPO is being made through a book-built type with a reservation of not less than 50% of the net issue being offered to qualified institutional buyers, retail investors being offered not less than 35% of the net issue, and not less than 15% of the net issue is reserved for HNI category. This IPO will be open for subscription from June 21, 2024, till June 25, 2024, whereas the listing date is decided on June 28, 2024, and refund initiation for those who will not get allotted the share will be on June 27, 2024. keep in mind that the public offering is proposed to be listed on the NSE exchange on an SME segment.

About BANSAL WIRE INDUSTRIES LIMITED

Bansal Wire Industries Limited, founded in December 1985, is a leading manufacturer of stainless-steel wire with operations spanning high carbon, low carbon, and stainless-steel wire segments. The company produces over 3,000 varieties of steel wire, serving more than 5,000 customers across diverse industries. With a risk-mitigation strategy based on customer diversification and adaptive pricing, Bansal Wire has established a strong presence in India and exports to over 50 countries, supported by 14 global representatives. The company's manufacturing capabilities are distributed across four units in Ghaziabad and Haryana, and since 2021, it has bolstered its sales efforts with a team of 50+ experienced professionals to cover all regions of India. This strategic approach has contributed to Bansal Wire's significant growth, including a 47.15% CAGR in export turnover over the last three fiscal years, solidifying its position as a key player in both domestic and international markets.

Parent Organisation

-

Founded

1985

Managing Director

Arun Gupta

IPO Objectives

The company plans to use the Net Proceeds from the issue for three main purposes. They aim to repay or prepay certain outstanding borrowings, fund working capital requirements, and allocate some funds for general corporate purposes. This strategy balances debt reduction, operational support, and financial flexibility, reflecting the company's focus on stability and growth.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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