Bansal Wire IPO (Bansal Wire Industries Limited IPO)
Bansal Wire IPO open for bidding on 3rd July 2024, and ends on 5th July 2024.
Bansal Wire Industries Limited is a prominent player in the wire and wire products industry, established in 1985. The company specializes in the manufacturing of a diverse range of wires, including stainless steel wire, spring wire, and wire ropes, catering to various industrial sectors.
Bansal Wire operates state-of-the-art manufacturing facilities and has consistently expanded its production capabilities to meet the growing demand. The company maintains a strong focus on quality and innovation, ensuring its products adhere to international standards. Over the years, Bansal Wire has built a robust distribution network, serving both domestic and international markets.
Looking ahead, Bansal Wire aims to enhance its market presence by expanding its product portfolio, investing in advanced manufacturing technologies, and exploring new market opportunities.
For more details refer to Bansal Wire IPO RHP and Bansal Wire IPO Pulse Score
Bansal Wire IPO Details
| IPO Date | 3rd July 2024 to 5th July 2024 |
| Listing Date | 10th July 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹243 to ₹256 per share |
| Lot Size | 58 Shares |
| Total Issue Size | 3,01,91,374 shares (aggregating up to ₹745.00 Cr) |
| Fresh Issue | 3,01,91,374 shares (aggregating up to ₹745.00 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 87,30,468(28.92%) |
| QIB | 61,31,687(20.3%) |
| NII | 45,98,766(15.23%) |
| bNII | 30,65,844(10.15%) |
| sNII | 15,32,922(5.08%) |
| Retail | 1,07,30,453(35.54%) |
| Total | 3,01,91,374(100%) |
Bansal Wire IPO Timeline
| IPO Open | 3rd July 2024 |
| IPO Close | 5th July 2024 |
| Basis Of Allotment | 8th July 2024 |
| Initiation of Refunds | 9th July 2024 |
| Credit of Shares to Demat | 9th July 2024 |
| Listing Date | 10th July 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹ 4,007.83 Cr | P/E Ratio- Pre IPO | 41.41 |
| RoNW | 18.27% | P/E Ratio- Post IPO | 50.86 |
| RoCE | 18.46% | P/B Ratio | 7.72 |
| Debt to Equity | 1.48 | PAT Margin% | 3.19% |
Bansal Wire IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company and its Subsidiary;
- Funding the working capital requirements of the Company; and
- General corporate purposes
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