Bansal Wire Industries Limited, part of the Bansal Group, is one of the leading manufacturers and exporters of steel wires in India. Established in 1985, the company has grown to operate multiple manufacturing units in Mohan Nagar and Ghaziabad, Uttar Pradesh, as well as Bahadurgarh, Haryana. The company is ISO 9001:2015 and IATF 16949:2016 certified, emphasizing its commitment to quality standards.
The company specializes in producing a wide range of wire products, including:
- Stainless Steel Wires
- High Carbon Steel Wires
- Low Carbon (Mild) Steel Wires
- Galvanized Wires
- Stainless Steel Rods and Bars
- Profile/Shaped Wires
- Cable Armouring Wires and Strips
Bansal Wire Industries Ltd. serves over 5,000 customers in various sectors and exports to more than 50 countries.
In terms of financial performance, the company reported total revenue of ₹2,470.88 crore and a profit after tax of ₹78.79 crore for the fiscal year ending March 2024. The company’s IPO, which opened on July 3, 2024, and closed on July 5, 2024, had an issue size of ₹745 crore.
Bansal Wire Industries Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 03 July 2024 |
| IPO Close Date | 05 July 2024 |
| Allotment Date | 08 July 2024 |
| IPO Listing Date | 10 July 2024 |
Bansal Wire Industries Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 5 Per Equity Share |
| IPO Price | Rs. 243 to Rs. 256 Per Equity Share |
| Market Lot | 58 Share |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 745 Crore. |
Bansal Wire Industries Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 58 | Rs. 14848 |
| Maximum | 13 | 754 | Rs. 193024 |
| Small HNI (Minimum) | 14 | 812 | Rs. 207872 |
| Big HNI (Minimum) | 68 | 3944 | Rs. 1009664 |
Bansal Wire Industries Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 1264.01 | 749.05 | 695.48 |
| Total Revenue | 2470.89 | 2422.57 | 2205.07 |
| Profit After Tax | 78.80 | 59.93 | 57.29 |
Company Promoters:
The Promoters of the company are Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta HUF.
Objects of this Issue:
- 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.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Bansal Wire Industries Limited F-3, Main Road Shastri Nagar, Delhi-110052 Phone: 011-2365 1891 Email: investorrelations@bansalwire.com Website: https://bansalwire.com | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: bwil.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus |
