IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
Up to [●] Equity Shares Aggregating up to ₹ 7,450 million
Investor category and sub category
RIIs | NIIs | QIBs | Eligible employees |About Bansal Wire Industries Limited
Bansal Wire Industries Limited stands as India's premier stainless steel wire manufacturer and holds the position of being the second-largest steel wire manufacturer by volume in the nation. In Fiscal 2023, the company produced 72,176 MTPA of stainless steel wire and 206,466 MTPA of steel wire, capturing 20% and approximately 4% of the market share, respectively, according to a CRISIL Report.
Since its inception in 1985, Bansal Wire Industries has been committed to excellence, providing top-quality products and establishing a distinctive reputation within the steel wire sector. With a 38-year legacy, the company boasts a diverse portfolio that serves a variety of sectors including automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture, and the auto replacement market.
A vast range of over 3,000 stock-keeping units (SKUs), the most extensive variety among all steel wire manufacturers in India, with sizes from as thin as 0.04 mm to as thick as 15.65 mm. A diversified customer base exceeding 5,000 across various sectors, fostering a robust network that supports sustained growth.
Bansal Wire Industries operates across three main segments: high-carbon steel wire, mild steel wire (low-carbon steel wire), and stainless steel wire. Additionally, the company is poised to enhance its market footprint with the introduction of a new speciality wires segment through its forthcoming plant in Dadri. This expansion is aimed at further broadening its product offerings and strengthening its market position in the forthcoming fiscal year.
Industry Outlook:
- The Indian steel industry is projected to expand at a 7% CAGR through 2027, driven by robust demand from automotive, construction, and infrastructure sectors, reaching 155-160 MT.
- India's wire rods sector, having grown at a 7% CAGR from 2019 to 2023, continues to navigate a largely unorganized market landscape, underscoring significant potential for structured growth and investment.
Bansal Wire Industries Limited IPO Details
Bansal Wire Industries Limited IPO Dates
The exact dates are yet to be announced.
Bansal Wire Industries Limited IPO Price Band
The exact price range is yet to be announced.
Bansal Wire Industries Limited IPO Lot Size
The exact lot size is not announced yet.
Bansal Wire Industries Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- 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
Peer Details
Rajratan Global Wire Limited is the only listed company considered by Bansal Wire Industries as its peers.
How to Check the Allotment Status of the Bansal Wire Industries Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the Individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Bansal Wire Industries Limited IPO
- Registered office: F-3, Main Road, Shastri Nagar, Delhi-110052
- Phone: 011-2365 1891/92/93
- E-mail:investorrelations@bansalwire.com
IPO Financials
| Particulars | For the period Ended on September 30, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Revenue (in ₹ million ) | 11,540.33 | 24,225.68 | 22,050.72 | 14,804.15 |
| Profit After Tax (PAT) (in ₹ million) | 389.98 | 599.30 | 572.90 | 404.67 |
| Cash & Cash Equivalents (in ₹ million) | 6.18 | 7.10 | 4.38 | 6.75 |
| Net Worth (in ₹ million) | 3,213.74 | 2,825.14 | 2,230.12 | 1,599.71 |
| Debt to Equity Ratio(x) | 1.26 | 1.49 | 1.85 | 2.26 |
| Return on Equity (%) | 25.83% | 23.71% | 29.92% | 28.39% |
| Return on Capital Employed (RoCE) (%) | 22.16% | 17.34% | 18.59% | 16.91% |
| Earning Per Share (EPS)-in absolute ₹ | 3.06 | 4.70 | 4.58 | 2.85 |
Know before investing
Strengths
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Bansal Wire Industries employs a risk management strategy that ensures no single customer accounts for more than 5% of total sales, and no one sector makes up more than 25% of sales, fostering a stable and resilient business model.
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The company adopts a "Cost Plus model" operational strategy, effectively insulating it from fluctuations in commodity prices.
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The company's rich heritage in the steel wire manufacturing industry dates back to 1938, with expertise passed down through three generations of the promoter’s family.
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Bansal Wire Industries boasts a robust international presence, exporting products to over 50 countries, thereby strengthening its global footprint.
Risks
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Raw material shortages or delays could severely impact Bansal Wire Industries, as past instances during COVID-19 showed reliance on just 35-45 days of inventory could disrupt operations.
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Bansal Wire's manufacturing reliance on three facilities in Uttar Pradesh and one in Haryana exposes them to regional disruptions, equipment failures, or governmental directives affecting production.
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The company’s leasehold manufacturing facilities face renewal risks. Non-renewal or inability to relocate could interrupt operations, adversely affecting their financial and operational outcomes.
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Bansal Wire Industries IPO FAQs
Bansal Wire Industries IPO is a book-built IPO. The exact dates and price range are yet to be announced.
The exact dates and price range are yet to be announced.
The IPO subscription window is not announced yet.
Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.
The exact date is not announced yet.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
