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Bansal Wire Industries Limited

  • Minimum Investment
    ₹14,094
  • Price Range
    ₹243 - ₹256
  • Issue Size
    ₹745.00 Cr
  • Lot Size
    58 shares

Proceeds of this IPO to be used for

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

General corporate purposes

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of Bansal Wire Industries Limited

Large player

The company is one of the largest steel wire manufacturers, with an established market position, strong brand equity, and a pan-India presence. It is the largest player by volume, producing 72,176 MTPA in the stainless steel wire manufacturing sector and the second-largest steel wire manufacturing company overall, with a volume of 206,466 MTPA in India

Well diversified customer base

The company has a customer base exceeding 5,000, spread across various industrial sectors. Except for Bansal High Carbons, one of the group companies, which contributed 11.47% of the total sales for FY23, no single customer contributed more than 5% of the sales, and no individual sector or segment constituted more than 25% of the sales in H1FY24 and FY23

Economies of scale

Over the last 38 years, the company has established a well-integrated ecosystem for manufacturing the products, storage, and transportation of raw materials and finished goods

Dependent on steel wires market

The company is dependent on the performance of the steel wires market. Any adverse changes in the conditions affecting the steel wires market can negatively impact the business, financial condition, results of operations, cash flows, and prospects

Competitive pressures

The company faces significant competitive pressures in the business. Its inability to compete effectively would be detrimental to the business and prospects for future growth

Negative cash flows

The company has had negative cash flows in prior periods and may continue to have negative cash flows in the future which may affect the business

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

No Data

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)Y/Y Change
Total Current Assets--
Total Non-Current Assets--
Fixed assets--
Total assets--
Total Current Liabilities--
Total Non-Current Liabilities--
Total Capital Plus Liabilities--
Total Shareholder Funds--
Total Debt to Equity--

Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
Particulars (In Cr)Y/Y Change
Cash from Operating Activity--
Cash from Financing Activities--
Cash from Investing Activities--
Net Cash Flow--

About Bansal Wire Industries Limited

Bansal Wire Industries was incorporated on December 11, 1985. It is the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume in India with a production of 72,176 MTPA and 206,466 MTPA, respectively, in FY23, representing 20% and approximately 4% market share, respectively.
  • Promoter
    Arun Gupta
  • Promoter
    Anita Gupta
  • Promoter
    Pranav Bansal
  • Promoter
    Arun Kumar Gupta HUF

Bansal Wire Industries Limited IPO FAQs

What is Bansal Wire Industries Limited IPO?

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Bansal Wire Industries Limited IPO refers to the initial public offering of shares by Bansal Wire Industries Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of Bansal Wire Industries Limited IPO?

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For Bansal Wire Industries Limited IPO the issue size is ₹745 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Bansal Wire Industries Limited IPO?

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For Bansal Wire Industries Limited IPO the minimum investment is ₹14,094. The minimum investment for Bansal Wire Industries Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Bansal Wire Industries Limited IPO?

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For Bansal Wire Industries Limited IPO the lot size is 58 shares. The lot size of Bansal Wire Industries Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Bansal Wire Industries Limited IPO on Share.Market?

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To apply for Bansal Wire Industries Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Bansal Wire Industries Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Bansal Wire Industries Limited IPO?

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Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Bansal Wire Industries Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

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The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

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You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Bansal Wire Industries Limited IPO?

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For Bansal Wire Industries Limited IPO the allotment date is July 8, 2024. The allotment date of Bansal Wire Industries Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of Bansal Wire Industries Limited IPO?

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For Bansal Wire Industries Limited IPO, the subscription opens on July 3, 2024 and closes on July 5, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
62.74x Oversubscribed
Trade
Bidding Ongoing
-
Total Subscription
62.74x Oversubscribed
Trade