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IPO Status: Open [3rd Jul 2024 to 5th Jul 2024]
Bansal Wire IPO, a Mainline IPO of ₹745.00 Cr opens for subscription from 03-07-2024 to 05-07-2024. The IPO consists of ₹745.00 Cr fresh issue.
The face value is Rs 5 and the price band is fixed at 243.00-256.00 per share. You can apply to the Bansal Wire Mainline IPO for a minimum lot of 58 shares amounting of Rs 14848.
The tentative listing date on the exchange (BSE, NSE) is 10-07-2024.Stay tuned with us to get more details about Bansal Wire Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| IPO Issue Opening Date: | 3rd Jul 2024 |
| IPO Issue Closing Date: | 5th Jul 2024 |
| IPO Issue Price: | ₹243.00-256.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹745.00 Cr |
| Fresh Issue: | ₹745.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 95.78% |
| Promoter Holding Post IPO: |
Get important updates regarding Bansal Wire IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 8th Jul 2024 |
| Refunds Initiation* | 9th Jul 2024 |
| Credit of Shares to Demat* | 9th Jul 2024 |
| IPO Listing Date* | 10th Jul 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹243.00-256.00 |
| Market Lot: | 58 Shares |
| 1 Lot Amount: | ₹14848 |
| Min Small HNI Lots(2-10 Lakh): | 812 shares (14 lots) - ₹207872 |
| Min Big HNI Lots(10+ Lakh): | 3944 shares (68 lots) - ₹1009664 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 04-07-2024 | 256.00 | 60 | 2600/36400 | ₹316 (23.44%) | 5-Jul-2024 0:23 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Incorporated in December 1985, Bansal Wire Industries Limited is the largest producer of stainless steel wire and the second largest producer of steel wire in India with a production of 72,176 MTPA and 206,466 MTPA in FY 2023, representing a market share of 20% and about 4% respectively.
The company has consistently delivered quality products and carved a niche in the steel wire industry. The company has a 38-year history and prides itself on its diversified portfolio, serving a variety of sectors such as automotive, general engineering, infrastructure, hardware, consumer goods, energy and transmission, agriculture and automotive aftermarket.
The company markets and sells its products under the brand name "BANSAL" and operates in three market segments, namely high carbon steel wire, mild steel wire (low carbon steel wire) and stainless steel wire.
| Incorporation | Sector | IPO Issue Size | Website |
| 1985 | Auto Components & Equipments | ₹745.00 Cr | https://bansalwire.com/ |
The company proposes to use the Net Proceeds from the Issue for the following purposes:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 5,820,313 (28.57%) | 4,365,234 (21.43%) | 10,185,547 (50%) | 20,371,094 | |
| 1 | 3rd Jul 2024 19:04 | 0.01x | 2.59x | 2.65x | 1.88x |
| 2 | 4th Jul 2024 19:04 | 0.10x | 12.84x | 6.57x | 6.06x |
Bansal Wire Industries Limited's revenue increased by 1.99% and profit after tax (PAT) rose by 31.48% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,264.01 | 749.05 | 695.48 |
| Revenue | 2,470.89 | 2,422.57 | 2,205.07 |
| Profit After Tax | 78.80 | 59.93 | 57.29 |
| Net Worth | 422.37 | 282.51 | 223.01 |
| Reserves and Surplus | 358.64 | 273.41 | 213.91 |
| Total Borrowing | 681.14 | 422.19 | 413.15 |
| Amount in ₹ Crore | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Bansal Wire Industries Limited | 6.18 | 6.18 | 33.14 | 41.41 | 18.46 | |
| Rajratan Global Wire Ltd. | 14.15 | 14.15 | 97.03 | 35.88 | 15.41 | |
| DP Wires Limited | 23.43 | 23.43 | 145.93 | 19.29 | 17.39 | |
| Bedmutha Industries Ltd. | 6.28 | 6.28 | 37.23 | 38.65 | 19.04 |
Last Updated on 05-Jul-2024 00:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Bansal Wire IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Bansal Wire IPO with Zerodha.
Alternate approch to apply in Bansal Wire IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Bansal Wire IPO Review and Important Updates
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To subscribe or apply in Bansal Wire IPO, you can use the following methods:
| Bansal Wire IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Bansal Wire IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Bansal Wire IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Bansal Wire IPO. Most of the Syndicate Banks provide access to apply in Bansal Wire IPO via ASBA process. You must have your net banking access, DP ID information to apply in Bansal Wire IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Bansal Wire IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Bansal Wire IPO Review and Important Updates
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Applying in Bansal Wire IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Bansal Wire IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Bansal Wire IPO, please refer article >> Link
Bansal Wire IPO Review and Important Updates
Steps to download the online application form for Bansal Wire IPO
Or
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Bansal Wire IPO is going to be list on 10-07-2024.
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Bansal Wire IPO Allotment Date is 08-07-2024.
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Bansal Wire IPO share allotment date?Bansal Wire IPO allotment date?
