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Open
3 Jul 2024
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Close
5 Jul 2024
3
Allotment
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Listing
Wed, Jul 10, 2024
Price Band
₹243 to ₹256
Issue Size
2,91,01,562 shares (agg. up to ₹745 Cr)
Lot Size
58 Shares
Listing Date
Wed, Jul 10, 2024
Latest GMP
₹70
Est. Gain
27.34%
✦ AI Insight
GMP Trend
10-07-2024₹70Est. ₹326+27.34%
09-07-2024₹70Est. ₹326+27.34%
08-07-2024₹70Est. ₹326+27.34%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 44.08x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 1,264.01 | 749.05 | 695.48 |
| Total Income | 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vibhor Steel Tubes Ltd. | Mainboard | ₹72.17 Cr | ₹151 | 10.17 | ₹446.25 | +195.53% | ₹111.44 (-1.11%) |
| Ratnaveer Precision Engineering Ltd. | Mainboard | ₹165.03 Cr | ₹98 | null | ₹129.35 | +31.99% | ₹175.53 (+0.03%) |
| Aeroflex Industries Ltd. | Mainboard | ₹351.00 Cr | ₹108 | 40.91 | ₹163.25 | +51.16% | ₹410.85 (-2.26%) |
| Visaman Global Sales Ltd. | SME | ₹16.05 Cr | ₹43 | 38.25 | ₹47.35 | +10.12% | ₹107.60 (-4.99%) |
| Deem Roll Tech Ltd. | SME | ₹29.26 Cr | ₹129 | 11.31 | ₹209.70 | +62.56% | ₹54.70 (+4.69%) |
| Shree Marutinandan Tubes Ltd. | SME | ₹14.30 Cr | ₹143 | 17.44 | ₹210.00 | +46.85% | ₹52.20 (-5.00%) |
| Mangalam Alloys Ltd. | SME | ₹54.91 Cr | ₹80 | 14.65 | ₹76.00 | -5.00% | ₹32.95 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company; | 452.68 |
| 2 | Investment in our Subsidiary for repayment or prepayment of all or a portion of certain of its outstanding borrowings | 93.71 |
| 3 | Funding the working capital requirements of the Company; and | 60.00 |
| 4 | General corporate purposes. | 86.55 |
About Bansal Wire Industries IPO
Incorporated in December 1985, Bansal Wire Industries Limited is a stainless steel wire manufacturing company. The company operates in three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. The company makes over 3,000 different types of steel wire products, ranging in size from very thin to very thick. They have more than 5,000 customers in different industries, which helps the company grow. To reduce risk, the company doesn't rely too much on one customer or one type of customer. They also use a pricing model that helps them deal with changes in material costs. The company has a presence across India and operates in over 50 countries through product exports, solidifying its position as a key player in the global market. The company exports products to over 50 countries. It has 14 global representatives covering Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. Our export turnover has grown at a CAGR of 47.15% in the last three fiscal years. The company has four manufacturing units in Mohan Nagar, Ghaziabad, Loni
Contact Details
Bansal Wire Industries Ltd. AddressF-3, Main RoadShastri NagarDelhi, New Delhi, 110052011-2365 1891investorrelations@bansalwire.comVisit Website