Bansal Wire Industries Ltd. IPO

Bansal Wire Industries Limited is a leading steel wire manufacturer in India, holding the top spot in stainless steel and number two overall. They produce a wide variety of steel wire products for numerous industries. Founded in 1985, they've built a strong reputation with a focus on quality and customer satisfaction. Bansal exports to over 50 countries and is expanding their capacity with a new facility. They boast a loyal customer base and have seen steady financial growth in recent years.

RHP
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DRHP
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Open Date

2024-07-03

Close Date

2024-07-05

IPO Details

Check out the issue details for Bansal Wire Industries Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 256

Price Band

₹ 243 - 256

Issue Size

745 Cr.

Issue Type

Book Built

Open

2024-07-03

Close

2024-07-05

Listingprice

₹ 356

ListingGain

39.06%

Listing Date

2024-07-10

CMP

₹ 346.55

Current Return

35.37%

Company Financials

You can get the following financial statements of Bansal Wire Industries Ltd. as of now.

Subscription Details

The details about the Bansal Wire Industries Limited IPO is as:

  • The issue size of the Bansal Wire Industries Limited IPO is 745 Cr.
  • The price band for Bansal Wire Industries Limited IPO is Rs 243 to Rs 256.
  • The shares of Bansal Wire Industries Limited IPO will list on 10th July 2024.
  • The latest tentative GMP of Bansal Wire Industries Limited IPO is Rs 65.
  • The shares of Bansal Wire Industries Limited IPO is subscribed 62.76 Times as of 5th July 2024. 

 

Bansal Wire Industries Limited IPO Valuation

The approx valuation of Bansal Wire Industries Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 256
Existing Shares (Qty) 12.74 Cr
Fresh Issue 745 Cr
Market Cap 4006.44 Cr
EPS (FY24) Rs 6.18
PE Ratio 41.42x
Industry PE 28.97x

 

Bansal Wire Industries Limited IPO Issue Size

Bansal Wire Industries Limited IPO issue size is 745 Cr

Issue Amount
Fresh Issue 745 Cr
Offer For Sale 0 Cr

 

Bansal Wire Industries Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 58 shares and a maximum of 13 lots of 754 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 58 14,848
 Maximum 13 754 1,93,024

 

Bansal Wire Industries Limited IPO share offer

The shares of Bansal Wire Industries Limited IPO is subscribed 62.76 Times as of 5th July 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 153.86 Times
Non-Institutional Minimum 15% 54.21 Times
Retail Individual Minimum 35% 14.37 Times
Total   62.76 Times

Allotment Details

Find below the dates for Bansal Wire Industries Limited IPO:

Schedule Date
Basis of Allotment 8 July 2024
Refunds 9 July 2024
Credit to Demat Account 9 July 2024
IPO Listing Date 10 July 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1369.55 1402.74 1477.09 2198.36 2413.01
Total Expenditure 1321.93 1339 1395.45 2091.93 2307.86
Operating Profit 47.62 63.74 81.64 106.43 105.15
Other Income 4.15 2.54 3.33 6.72 9.56
Interest 20.11 21.93 21.09 26.58 24.04
Depreciation 6.33 6.74 7.57 8.44 9.11
Exceptional Items 2.12 -0.03 0.01 0 0
Profit Before Tax 27.45 37.58 56.32 78.14 81.55
Provision for Tax 9.18 11.12 15.85 20.85 21.62
Net Profit 18.27 26.46 40.47 57.29 59.93
Adjusted EPS (Rs.) 0.34 0.49 0.97 0.45 0.47

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 4.12 4.12 2.97 9.1 9.1
Total Reserves 101.55 127.99 157 213.91 273.41
Borrowings 40.83 64.46 110.91 122.72 197.07
Other N/C liabilities 8.58 8.45 8.86 9.26 8.92
Current liabilities 214.86 231.26 297.37 347.88 277.93
Total Liabilities 369.93 436.28 577.11 702.88 766.44
Assets
Net Block 85.74 99.4 105.64 115.58 115.51
Capital WIP 0 0.04 0.05 0.43 37.87
Intangible WIP 0 0 0 0 0
Investments 0 0 0 22.53 0
Loans & Advances 2.1 2.24 2.97 3.14 47.9
Other N/C Assets 0 0 1.51 2.32 2.46
Current Assets 282.1 334.61 466.93 558.87 562.7
Total Assets 369.93 436.28 577.11 702.88 766.44
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 27.45 37.58 56.32 78.14 81.55
Adjustment 26.44 28.7 25.82 34.78 33.03
Changes in Assets & Liabilities -25.67 -64.85 -108.76 -107.49 18.99
Tax Paid -8.48 -11.26 -10.71 -16.97 -31.05
Operating Cash Flow 19.73 -9.83 -37.33 -11.54 102.52
Investing Cash Flow -9.59 -20.78 -32.51 -19.18 -87.25
Financing Cash Flow -9.99 30.68 70.17 30.48 -15
Net Cash Flow 0.16 0.07 0.33 -0.24 0.27
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