Bansal Wire Industries Limited IPO 2024: In the share market IPO is an important term. If any company wants to become a public company then in this condition it offers the initial public offers (IPO) to the people. IPO is the first step for a company to enter the share market. Through the IPO the company attracts people to know about them and generates trust in the share market.
In this blog, we will cover the upcoming Bansal Wire Industries Limited IPO 2024 and its related important facts.
The objective of Bansal Wire Industries Limited IPO 2024
If we talk about the objective then, through the IPO Bansal Wire Industries Limited is targeted to collect the funds amount Rs 745 Crore from the market.
To collect the targeted amount, the company issues a total of 29,101,562 quantity fresh shares.
Also Read: Emcure Pharma IPO
Bansal Wire Industries Limited IPO 2024 structure
If we talk about the structure of the Bansal Wire Industries Limited IPO 2024; To invest in this IPO, a person can bid only for 13 lots in which 754 shares are come.
- The company has decided the price between Rs 243 to Rs 256 per share.
- In this IPO Retail investors can bid only for 58 shares.
- If we see the price then, as per the upper circuit you have to pay Rs 14848 for a single lot. The price of the upper circuit band is Rs 256.
- If you are paying for 13 lots then you have to pay Rs 193024 as per the upper circuit price.
| Reserved Offer | Percentage |
| Qualified institutional Buyers | 50% |
| Retail investors | 35% |
| Non Institutional investors | 15% |
| Website | bansalwire.com |
Book-running leads managers of Bansal Wire Industries Limited IPO
- SBI Capital Markets Limited
- Dam Capital Advisors Ltd (another name as IDFC Securities Ltd)
- KFin Technologies Limited (As a registrar)
Other necessary Points related to the IPO
- Bidding starts on 3 July 2024 for Bansal Wire Industries Limited IPO.
- 5 July 2024 is the last date to apply for the Bansal Wire Industries Limited IPO.
- 8 July 2024 is an allotment date for the share.
- If you are not selected for allotment share of this IPO then you can get a refund on 9 July 2024.
- The share allotment list will come on 10 July 2024.
Financial Performance of Bansal Wire Industries Limited
| Year | Total Asset (Crore) | Total Revenue (Crore) | Networth (Crore) |
| March 2024 | 1264.01 | Rs 2470.89 | Rs 422.37 |
| March 2023 | 749.05 | Rs 2422.57 | Rs 282.51 |
| March 2022 | 695.48 | Rs 2205.07 | Rs 223.01 |
News highlight of Bansal Wire Industries Limited
- In the grey market, the share price of Bansal Wire Industries Limited increased 25.78% before the IPO.
- The premium share price is Rs 66 per Share.
- As per experts according to its decision upper price band is Rs 256, During the IPO listing price can be Rs 322.
Note: It is only an assumption share price it can be changed.
Brief Introduction of the Bansal Wire Industries Limited
Bansal Wire Industries Limited is an indian private sector company that was established in 1985. Gaurav Gupta is the chief executive officer (CEO) of this company. This company is working on the multinational level and done their business with 50 countries.
The company headquarters is located in New Delhi, India.
If we talk about the working segment then it comes under the manufacturing sector which is manufacturing wire on a large scale.
In its manufacturing wire range varies from 0.04mm thin to 15.65 mm thick. This wire range works in three segments high carbon steel wire, low carbon steel wire, and stainless less Wire.
Major clients in industries Sector
- Automotive
- General Engineering
- Infrastructure
- Hardware
- Consumer Durables
- Power And Transmission
- Agriculture
- Auto Replacement
Subsidiaries company of Bansal Wire Industries Limited
- Bansal High Carbons Private Limited
- Balaji Wires Private Limited
- Bansal Aradhya Steel Private Limited
- Paramhans Wires Private Limited
- Bansal Enterprises Inc
- Manglam Wires Private Limited
- Bansal Strips Private Limited
- Manishi Towers Private Limited
- Shyam Sunder Arun Kumar Private Limited
Conclusion
IPO is the best option to invest and make money. If you are planning to invest in this IPO, we strongly suggest knowing about the company, its working segments, and many more because it increases the trust in your investment.
In this blog, we will cover the topic of Bansal Wire Industries Limited IPO 2024 and its related facts and details. If you have any suggestions related to this article then drop your suggestion into the comment box.
Who is the CEO of Bansal Wire Industries Limited?
Gaurav Gupta is CEO of the Bansal Wire Industries Limited.
What is the net revenue of Bansal Wire Industries Limited in 2024?
As of fiscal 2024, the net revenue of Bansal Wire Industries Limited is Rs 2470.89.
What is the bidding date of Bansal Wire Industries Limited IPO 2024?
The bidding Date of Bansal Wire Industries Limited IPO 2024 is start on 3 July 2024.
What are the bidding prices of Bansal Wire Industries Limited IPO 2024?
As per the upper circuit band bidding price is Rs 256 per share. A person can be bidding a maximum of 13 lots in which comes in 754 shares.
