BANSAL WIRE INDUSTRIES LIMITED

03 Jul 2024 - 05 Jul 2024 Individual Category Main Board BSE NSE

Min Investment

₹28188

Price Band

₹243-₹256

Issue Size

214.61 lakhs
Equity Shares

Lot Size

58 (per lot)

IPO Dates
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03 Jul 2024

Open Date

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05 Jul 2024

Close Date

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08 Aug 2024

Allotment Date

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10 Aug 2024

Listing Date

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.

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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.

Founded

1985

Managing Director

Arun Gupta

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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