Bansal Wire Industries Limited
IPO Details
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Company Fin.
₹70(27.34%)
Premium (ELP)
Bansal Wire Industries Limited's achieved publicly listed status following its IPO debut on Jul 10, 2024 at the NSE, BSE platform. The offering successfully mobilized 2,91,01,562 Shares, with 2,91,01,562 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹243 to ₹256, starting from minimum lots of 58 shares. The subscription window from Jul 03, 2024 through Jul 05, 2024 enabled investor participation across market segments.
Share allocation was completed on Jul 08, 2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Bansal Wire Industries Limited, incorporated in December 1985, is a leading manufacturer of stainless steel wire, specializing in high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. The company offers over 3,000 types of steel wire products, serving more than 5,000 customers across various industries, ensuring a diversified revenue base. With a strong domestic presence and exports to over 50 countries, including key markets like the U.S., U.K., Germany, and South Korea, Bansal Wire has achieved a remarkable export turnover CAGR of 47.15% over the last three fiscal years. The company operates four manufacturing units in Mohan Nagar, Ghaziabad; Loni Industrial Area, Ghaziabad (with two units); and Bahadurgarh, Jhajjar, Haryana. To navigate material cost fluctuations, Bansal Wire employs a dynamic pricing model. Since 2021, a dedicated sales team of over 50 professionals has been catering to customers nationwide, reinforcing its position as a global market leader in the steel wire industry.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diverse Customer Base: With a reach of over 5,000 customers across multiple industries, the company minimizes reliance on any single client, ensuring stable demand.
- Economies of Scale: Large-scale operations enable cost optimization and efficiency, enhancing profitability and competitive advantage.
- Extensive Product Portfolio: A well-balanced mix of over 3,000 SKUs, including both high-volume and high-margin products, supports revenue diversification and market adaptability.
- Manufacturing Disruptions: Unexpected breakdowns, shutdowns, or operational issues at manufacturing facilities could severely impact production, revenue, and cash flow.
- Leasehold Dependency: The company's reliance on leasehold land and rental properties for manufacturing and office operations presents risks related to lease renewals, relocation costs, and operational continuity.
- Distribution Network Challenges: Failure to maintain or expand the dealer and distribution network across India could limit market reach, impacting sales and overall business growth.
- Arun Gupta
- Anita Gupta
- Pranav Bansal
- Arun Kumar Gupta HUF
Bansal Wire Industries Limited
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