Bansal Wire Industries Limited IPO: Detailed Review and Insights
Introduction
Bansal Wire Industries Limited (BWIL) is all set to launch its Initial Public Offering (IPO) on July 3, 2024, aiming to raise up to ₹745 crores. This blog delves into the details of the IPO, providing a thorough analysis of the company's background, financial health, and IPO specifics.
Company Overview
Founded in 1985, Bansal Wire Industries Limited has established itself as a key player in India's steel wire industry. The company manufactures a variety of wires, including galvanized, stainless steel, and high carbon wires, serving sectors such as construction, automotive, and infrastructure.
Bansal Wire IPO Timeline
Here are the key dates for the Bansal Wire Industries Limited IPO:
- IPO Open Date: Wednesday, July 3, 2024
- IPO Close Date: Friday, July 5, 2024
- Basis of Allotment: Monday, July 8, 2024
- Initiation of Refunds: Tuesday, July 9, 2024
- Credit of Shares to Demat: Tuesday, July 9, 2024
- Listing Date: Wednesday, July 10, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on July 5, 2024
IPO Details
- IPO Dates: July 3, 2024, to July 5, 2024
- Listing Date: July 10, 2024
- Face Value: ₹5 per share
- Price Band: ₹243 to ₹256 per share
- Lot Size: 58 Shares
- Total Issue Size: 29,101,562 shares (aggregating up to ₹745.00 Cr)
- Fresh Issue: 29,101,562 shares (aggregating up to ₹745.00 Cr)
- Issue Type: Book Built Issue IPO
- Listing At: BSE, NSE
Bansal Wire Industries Financial Performance
Bansal Wire Industries Limited has shown consistent growth over the years. Below is a summary of their financial performance:
Financial Data (₹ in crore)
Particulars |
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 |
Key Strengths
- Diverse Product Range: Bansal Wire caters to a wide range of industries with its extensive product portfolio.
- Strong Market Position: With a longstanding presence in the industry, Bansal Wire has a robust market position.
- Efficient Operations: The company has demonstrated operational efficiency, contributing to its profitability.
Risks and Challenges
- Intense Competition: The steel wire industry is highly competitive, with many established players.
- Raw Material Price Volatility: Changes in raw material prices can affect profit margins.
- Regulatory Changes: The steel industry is subject to regulatory changes, which can pose challenges.
Use of IPO Proceeds
The funds raised from the IPO will be utilized for:
- Expansion Plans: To expand manufacturing capacities and enhance product offerings.
- Debt Repayment: To reduce existing debt and improve financial leverage.
- General Corporate Purposes: To meet general corporate requirements.
Bansal Wire IPO GMP & Subscription Stats
Stay updated with the latest information on the Bansal Wire Industries Limited IPO Grey Market Premium (GMP) and Subscription Status as they become available post-IPO opening.
Grey Market Premium (GMP)
Date |
GMP (₹) |
July 6, 2024 |
₹76 |
July 5, 2024 |
₹75 |
July 4, 2024 |
₹65 |
July 3, 2024 |
₹65 |
July 2, 2024 |
₹65 |
July 1, 2024 |
₹65 |
June 30, 2024 |
₹50 |
Subscription Status
Date |
QIBs |
NIIs |
Retail Investors |
Total Subscription |
July 3, 2024 |
0.01 |
2.59 |
2.65 |
1.88 |
July 4, 2024 |
0.10 |
12.84 |
6.57 |
6.06 |
July 5, 2024 |
153.86 |
54.21 |
14.36 |
62.76 |
This section will be updated regularly with the latest GMP and subscription figures to help investors make informed decisions. Keep an eye on this space for real-time updates!
How to Apply
Investors can apply for the Bansal Wire Industries Limited IPO through ASBA (Applications Supported by Blocked Amount) in designated banks, or through UPI (Unified Payments Interface) for retail investors. Ensure to complete the application before the closing date to avoid any last-minute issues.
Conclusion
The Bansal Wire Industries Limited IPO presents a promising opportunity for investors, given its strong market presence, diverse product range, and steady financial performance. However, potential investors should consider the associated risks and perform due diligence before investing.
For more details, refer to the DRHP of Bansal Wire Industries Limited.
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- Bansal Wire Industries Limited IPO: Financial Performance and Key Highlights
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