Bansal Wire IPO Date, Price Band, and Allotment
Bansal Wire IPO date, price band, and allotment status. Stay informed on this upcoming offering for investment opportunities.
The Bansal Wire IPO is set to open on July 3, 2024, and will close on July 5, 2024. The company aims to raise approximately ₹745 crores through this IPO, which includes a fresh issue of ₹745 crores and an offer for sale of up to 29,101,562 equity shares at ₹5 each. The retail quota is 35%, the QIB quota is 50%, and the HNI quota is 15%.
Bansal Wire IPO Dates
- IPO Open Date: July 3, 2024
- IPO Close Date: July 5, 2024
- Allotment Date: July 8, 2024
- Refunds Initiated: July 9, 2024
- Credit to Demat Accounts: July 9, 2024
- IPO Listing Date: July 10, 2024
IPO Price and Market Lot
| Detail | Amount |
|---|---|
| Price Band | ₹243 to ₹256 per share |
| Face Value | ₹5 per equity share |
| Minimum Market Lot | 58 shares |
| Application Amount for Minimum Lot | ₹14,848 |
| Maximum Market Lot | 13 lots (754 shares) |
| Application Amount for Maximum Lot | ₹193,024 |
Objectives of the Issue
- Repayment or prepayment of certain borrowings.
- Funding working capital requirements.
- General corporate purposes.
Company Background
Bansal Wire Industries Limited is an unlisted public company that was incorporated on December 11, 1985. It is classified as a public limited company and is located in North Delhi, Delhi. The company is amongst the largest producers of Stainless Steel and High Carbon Wires in the country.
They have three successfully running manufacturing units under their banner, all located around Mohan Nagar, Ghaziabad. If you’re interested in their services, they cover various industries such as financial, energy, business services, and consumer products.
Financial Performance
- 2021: Revenue – ₹1480.42 crores, Expense – ₹1424.11 crores, PAT – ₹40.47 crores
- 2022: Revenue – ₹2205.07 crores, Expense – ₹2126.94 crores, PAT – ₹57.29 crores
- 2023: Revenue – ₹2422.57 crores, Expense – ₹2341.02 crores, PAT – ₹59.93 crores
- Sept 2023: Revenue – ₹1154.03 crores, Expense – ₹1105.62 crores, PAT – ₹39.00 crores
Valuation Metrics (FY2023)
- Earning Per Share (EPS): ₹4.70 per equity share
- Return on Net Worth (RoNW): 21.21%
- Net Asset Value (NAV): ₹22.17 per equity share
Peer Group
- Rajratan Global Wire Limited
Promoters
- Arun Gupta
- Anita Gupta
- Pranav Bansal
- Arun Kumar Gupta HUF
Lead Managers (Merchant Bankers)
- SBI Capital Markets Limited
- Dam Capital Advisors Ltd (Formerly IDFC Securities Ltd)
IPO Registrar
- Kfin Technologies Limited
- Phone: 040-67162222, 040-79611000
- Email: [email protected]
- Website: Kfin Technologies
How to Apply
You can apply for the Bansal Wire IPO through ASBA available in your bank account, online banking, UPI, or through your broker by filling out the offline form.
Platforms to Apply
- Zerodha
- Upstox
- Paytm Money
Company Contact Information
- Address: Bansal Wire Industries Limited, F-3, Main Road, Shastri Nagar, Delhi-110052
- Phone: 011-2365 1891
- Email: [email protected]
- Website: Bansal Wire
FAQs
What is the size of the Bansal Wire IPO?
The IPO size is ₹745 crores.
What is the price band for the Bansal Wire IPO?
The price band is ₹243 to ₹256 per share.
What is the allotment date for the Bansal Wire IPO?
The allotment date is July 8, 2024.
When will the Bansal Wire IPO be listed?
The listing date is July 10, 2024.
Avinash Dyal Highly skilled Stock Market trainer with extensive knowledge of markets, IPO, startups and how stocks are influenced by current events. A proven track record of successful investments in the Financial Services field
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