Bansal Wire Industries Limited IPO Review: Opening Date, GMP & Subscription Status

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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

  1. Diverse Product Range: Bansal Wire caters to a wide range of industries with its extensive product portfolio.
  2. Strong Market Position: With a longstanding presence in the industry, Bansal Wire has a robust market position.
  3. Efficient Operations: The company has demonstrated operational efficiency, contributing to its profitability.

Risks and Challenges

  1. Intense Competition: The steel wire industry is highly competitive, with many established players.
  2. Raw Material Price Volatility: Changes in raw material prices can affect profit margins.
  3. 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:

  1. Expansion Plans: To expand manufacturing capacities and enhance product offerings.
  2. Debt Repayment: To reduce existing debt and improve financial leverage.
  3. 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 Get/Claim:


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.

  • Bansal Wire Industries Limited IPO: Complete Guide and Analysis
  • Invest in Bansal Wire Industries Limited IPO: Key Details and Insights
  • Bansal Wire Industries Limited IPO: Subscription Dates, Price Band, and More
  • Everything You Need to Know About Bansal Wire Industries Limited IPO
  • Bansal Wire Industries Limited IPO: Financial Performance and Key Highlights
  • Upcoming Bansal Wire Industries Limited IPO: Key Dates and Investment Opportunities
  • Bansal Wire Industries Limited IPO Launch: Comprehensive Review and Subscription Details

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