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Bansal Wire Industries Limited IPO

Bansal Wire Industries Limited IPO

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Listed Price: ₹ 356.00 (+39.06%)

Bansal Wire Industries Limited's achieved publicly listed status following its IPO debut on 10-07-2024 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 03-07-2024 through 05-07-2024 enabled investor participation across market segments.

Share allocation was completed on 08-07-2024, 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.

Bansal Wire IPO Details
Lot(s) Distribution

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.

IPO Reservation
Bansal Wire IPO Key Performance Indicator
Company Financials ( in Crores )

Bansal Wire IPO About Company

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."


Bansal Wire IPO Strength Factors

  1. 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.
  2. Economies of Scale: Large-scale operations enable cost optimization and efficiency, enhancing profitability and competitive advantage.
  3. 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.

Bansal Wire IPO Risk Factors

  1. Manufacturing Disruptions: Unexpected breakdowns, shutdowns, or operational issues at manufacturing facilities could severely impact production, revenue, and cash flow.
  2. 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.
  3. 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.

Bansal Wire IPO Lead Manager(s)

  • SBI Capital Markets Limited
  • Dam Capital Advisors Limited

Bansal Wire IPO Promoter(s)

  1. Arun Gupta
  2. Anita Gupta
  3. Pranav Bansal
  4. Arun Kumar Gupta HUF

Bansal Wire IPO Company Details

Bansal Wire Industries Limited
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Bansal Wire IPO Registrar

Kfin Technologies Limited
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Bansal Wire IPO FAQs