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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Bansal Wire Industries Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹256
Per ShareLot Size
58 Shares
Minimum Investment
₹14,848
Issue Size
₹745 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
73.6%
Issue Type
Book Building
ISIN
INE0B9K01025
The Company along with its Subsidiary, BSPL, offers over 3000 SKUs (i.e., stock keeping units) in three broad segments, i.e., high carbon steel wire, mild steel wire (low carbon steel wire) and stainless steel wire, with the Company's offering of approximately 2000 SKUs and its Subsidiary's offering of 1500 SKUs. Further, there are approximately 500 SKUs which are common in both the Company and Subsidiary. High carbon steel wires refer to wires made from high carbon steel with 0.30% to 1.00% carbon and are known for their exceptional strength, hardness, and durability. They are used in applications where these properties are crucial, such as in the manufacturing of springs, cutting tools, and various industrial components that require resilience and resistance to wear and fatigue. Mild Steel Wire is made out of a low-carbon steel with a carbon content ranging from 0.05% to 0.25% and is known for its ductility, malleability, weldability, and versatile nature. They are commonly used in power & transmission, agriculture, poultry, fencing, and construction. Stainless steel wire is made from a corrosion-resistant alloy which is a combination of iron, chromium, nickel, and other elements and is used in consumer durables, hardware, automotive, agriculture and other general engineering products. The Company operates from its four established manufacturing facilities in the National Capital Region, India, with three manufacturing facilities in Ghaziabad (U.P.) and one manufacturing facility in Bahadurgarh (Haryana). Additionally, its Dadri facility has commenced its initial commercial production in the end of January, 2024, and as of March 31, 2024, is operating at a capacity of 3,000 metric tonnes of high carbon wires with 78.50% of the capacity utilisation. While the company has built its network in order to ensure pan India presence across all regions of India, i.e., it is present in 22 states and six union territories, by way of its dealer distribution network, it has robust revenue from operations in northern states and western states in India with 65.61%, 67.78% and 64.80% of revenue from operations generated from Delhi, Haryana, Maharashtra and Uttar Pradesh in Fiscals 2022, 2023, 2024, respectively.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 29,101,562 equity shares of face value of Rs. 5 each ("Equity Shares") of Bansal Wire Industries Limited (the "Company" or the "Issuer") for cash at a price of Rs. 256 per equity share of face value of Rs. 5 each (including a share premium of Rs. 251 per equity share) ("Issue Price") aggregating to Rs. 745.00 crores (the "Issue"). The issue constituted 18.59% of the post-issue paid-up equity share capital of the company. The face value of the equity share is Rs. 5 each. the issue price is 51.20 times the face value of the equity shares.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
India has been the second largest global steel producer since calendar year 2018. The steel wire industry has witnessed a significant growth at a compounded annual growth rate of 6.90% over Fiscals 2019-23, growing to 5.6 million tonnes, primarily owing to increasing infrastructure development activities across the country and growing production in the automobile industry. Demand is expected to log 8-10% at the compounded annual growth rate between Fiscals 2023 and 2028, growing to 8-9 million tonnes, due to increasing budget allocation of central and state governments for infrastructure development and expansion of the automobile industry.
Bansal Wire Industries Limited was originally incorporated as a private limited company under the name of "Bansal Wire Industries Private Limited" on December 11, 1985, under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the RoC. Thereafter, the Company was converted into a public limited company pursuant to a resolution passed by its Board at its meeting held on September 5, 1995 and a special resolution passed by its Shareholders at their annual general meeting held on September 29, 1995, and the name of the Company was changed to "Bansal Wire Industries Limited", and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued by the RoC on November 13, 1995.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.