Bansal Wire Industries IPO
Bansal Wire Industries IPO — date, price band, lot size & details 2024
Bansal Wire Industries listed on 10 Jul 2024 at ₹356, 39.1% above the ₹256 issue price.
Bansal Wire Industries makes steel wire in three segments, high carbon, low carbon and stainless steel, with over 3,000 products for more than 5,000 customers. Its total income was Rs 2,470.89 crore in FY2024.
Stock price
Bansal Wire Industries is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 03 Jul 2024
- Close 05 Jul 2024
- Allotment 08 Jul 2024
- Refund/credit 09 Jul 2024
- Listing 10 Jul 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 3 to 5 Jul, 2024 |
|---|---|
| Price Band | ₹243 – ₹256 |
| Face Value | ₹5 |
| Lot Size | 58 Shares |
| Issue Size | ₹745 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,848 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 58 shares at the ₹256 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 58 | ₹14,848 |
| Retail (max) | 13 | 754 | ₹1,93,024 |
| S-HNI (min) | 14 | 812 | ₹2,07,872 |
| S-HNI (max) | 67 | 3,886 | ₹9,94,816 |
| B-HNI (min) | 68 | 3,944 | ₹10,09,664 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 57.29 crore in FY2022 to Rs 78.80 crore in FY2024.
- 02The whole Rs 745 crore issue was fresh capital, with Rs 546.39 crore for repaying debt.
- 03It serves more than 5,000 customers with over 3,000 products.
- 04Net worth grew from Rs 223.01 crore on 31 March 2022 to Rs 422.37 crore on 31 March 2024.
- 05The source puts return on net worth at 18.27%.
Risks · 5
- 01Margins are thin, and the source puts the PAT margin at 3.19%.
- 02Total income grew slowly, from Rs 2,422.57 crore in FY2023 to Rs 2,470.89 crore in FY2024.
- 03Total borrowing rose from Rs 422.19 crore on 31 March 2023 to Rs 681.14 crore on 31 March 2024.
- 04The pre-issue P/E was 41.41 at the upper band of Rs 256, based on EPS of Rs 6.18.
- 05Promoters and the promoter group held 95.78% before the issue and 77.97% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Bansal Wire Industries offer document.
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 1,264.01 | 749.05 | 695.48 |
| Total Income | 2,470.89 | 2,422.57 | 2,205.07 |
| Profit After Tax | 78.80 | 59.93 | 57.29 |
| NET Worth | 422.37 | 282.51 | 223.01 |
| Reserves and Surplus | 358.64 | 273.41 | 213.91 |
| Total Borrowing | 681.14 | 422.19 | 413.15 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Bansal Wire Industries RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Bansal Wire Industries IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹6.18 | ₹5.03 |
| P/E Ratio (x) | 41.41 | 50.86 |
| Market Cap at Offer Price (₹ Cr) | ₹3,264.21 | ₹4,010.50 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹256 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹692.94 Cr of the issue is earmarked to named objects.
Bansal Wire Industries IPO Anchor Investors
18 anchor investors across 15 fund houses committed ₹223.49 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It makes over 3,000 types of steel wire products, from very thin to very thick, and serves more than 5,000 customers across industries, so it does not depend too much on one customer or segment. Its pricing model helps it pass on changes in material costs.
Its promoters are Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta HUF.
The IPO was Rs 745 crore and was entirely fresh issue. Rs 452.68 crore was planned for repaying the company's borrowings, Rs 93.71 crore for a subsidiary's borrowings and Rs 60.00 crore for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Bansal Wire Industries IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Bansal Wire Industries?
The current Grey Market Premium is ₹72, or 28% over the issue price.
What is the Bansal Wire Industries IPO price band?
₹243 to ₹256, on a face value of ₹5.
When is the allotment?
The basis of allotment is 8 July 2024, with listing on 10 July 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
