Bansal Wire Industries Limited’s (IPO) opens on July 3, 2024, and closes on July 3, 2024. The allotment for the Bansal Wire Industries Limited IPO is anticipated to be completed on Monday, July 8, 2024. The IPO will be listed on the NSE and BSE, with a tentative date set for  Wednesday, July 10, 2024.

The price band for the Bansal Wire Industries Limited IPO is set at ₹243 to ₹256 per share. The IPO is a book-built issue of Rs745.00 crores, entirely a fresh issue of 2.19 crore shares.

Bansal Wire IPO Details

IPO DateJuly 3, 2024 to July 5, 2024
Listing Date[.]
Face Value₹5 per share
Price₹243 to ₹256 per share
Lot Size58 Shares
Total Issue Size29,101,562 shares
(aggregating up to ₹745.00 Cr)
Fresh Issue29,101,562 shares
(aggregating up to ₹745.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding pre issue127,454,390
Shareholding post issue156,555,952

Bansal Wire IPO Lot Size

Retail (Min)158₹14,848
Retail (Max)13754₹193,024
S-HNI (Min)14812₹207,872
S-HNI (Max)673,886₹994,816
B-HNI (Min)683,944₹1,009,664

Bansal Wire Industries Limited IPO Objectives

The objectives of the Issue are:

  1. The company intends to use IPO proceeds for repayment of loans availed by itself and its subsidiary as well as for funding the working capital requirements of the company.
  2. General corporate purposes.

About Bansal Wire Industries Limited Company

Bansal Wire Industries, founded in December 1985, specializes in manufacturing various types of steel wire. They produce over 3,000 different steel wire products, including high-carbon steel, low-carbon steel (mild steel), and stainless steel wires. These wires range from very thin to very thick.

The company serves more than 5,000 customers across various industries, ensuring steady growth by not relying heavily on any single customer. They use a pricing model that adapts to changes in material costs, reducing risk.

Bansal Wire Industries has a strong presence in India and exports to over 50 countries, making it a significant player in the global market.

Bansal Wire Industries Limited Financial Information

Bansal Wire Industries Limited’s revenue increased by 1.99% and profit after tax (PAT) rose by 31.48% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Profit After Tax78.8059.9357.29
Net Worth422.37282.51223.01
Reserves and Surplus358.64273.41213.91
Total Borrowing681.14422.19413.15

Bansal Wire IPO Timeline

IPO Open DateWednesday, July 3, 2024
IPO Close DateFriday, July 5, 2024
Basis of AllotmentMonday, July 8, 2024
Initiation of RefundsTuesday, July 9, 2024
A credit of Shares to DematTuesday, July 9, 2024
Listing DateWednesday, July 10, 2024
Cut-off time for UPI mandate confirmation5 PM on July 5, 2024


Bansal Wire Industries Limited is set to launch its IPO from July 3 to July 5, 2024, with a price band of ₹243 to ₹256 per share. The company aims to raise ₹745.00 crores through a fresh issue of 29.10 million shares. The IPO proceeds will be used primarily for loan repayment and working capital requirements. With over 3,000 steel wire products and a strong global presence, Bansal Wire Industries has shown steady financial growth, as evidenced by a 31.48% increase in profit after tax for the financial year ending March 31, 2024. The shares will be listed on both the NSE and BSE on July 10, 2024.

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