Bansal Wire Industries Limited

CLOSED

IPO Date: 4 Jul - 6 Jul 2024

Listing Date: 11 Jul 2024

Price Range

₹243 to ₹256 per share

Issue Size

745 Cr

Min Investment

14,094

Lot Size

58 Shares

Schedule of Bansal Wire Industries Limited

Issue open date

4 Jul 2024

Issue close date

6 Jul 2024

UPI mandate deadline

6 Jul 2024 (5 PM)

Allotment finalization

9 Jul 2024

Share credit

10 Jul 2024

Listing date

11 Jul 2024

Mandate end date

21 Jul 2024

Issue size

Funds Raised in the IPOAmount
Overall745 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date9 Jul 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
11 Jul 202425670326 (27.34%)
10 Jul 202425670326 (27.34%)
9 Jul 202425670326 (27.34%)
8 Jul 202425676332 (29.69%)
7 Jul 202425676332 (29.69%)
6 Jul 202425676332 (29.69%)
5 Jul 202425660316 (23.44%)
4 Jul 202425660316 (23.44%)
3 Jul 202425666322 (25.78%)
2 Jul 202425665321 (25.39%)
1 Jul 202425660316 (23.44%)

Performance Bansal Wire Industries Limited

Issue PriceListing GainCurrent Market PriceP/L
₹243 to ₹256 per share 1152 (36%) 362.4541.58%

About Bansal Wire Industries Limited

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 Industrial Area, Ghaziabad and Bahadurgarh, Jhajjar, Haryana. Out of four units two are located in Loni Industrial Area, Ghaziabad. Since 2021, the company has established a sales team of over 50 experienced professionals to cover all regions of India and serve 5,000+ customers in various sectors.

Founded in1985
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)153.86
      Non-Institutional Investors (NIIs)54.21
      Retail Individual Investors (RIIs)14.37
      EmployeeN/A
      Total62.76