₹ 243 - ₹ 256
03-Jul-2024 - 05-Jul-2024
₹ 14848.00



03-Jul-2024 - 05-Jul-2024

₹ 243 - ₹ 256

Price Band

₹ 14848.00

Minimum Investment


Bid Lot


  • Face Value - ₹ 5/- Per Share

  • Listing at NSE BSE

  • 175,612 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue aggregating to Rs.745 Cr

Category % Shares/Amount
QIB 50% 14,550,781 Shares Rs.372.50 Cr
HNI 1 5% 1,155,078 Shares Rs.37.25 Cr @ 1792 1792 Form 1X
HNI 2 10% 2,910,157 Shares Rs.74.50 Cr @ 3884 Form 1X
Retail 35% 10,185,547 Shares Rs.260.75 Cr @ 260.75 175613 Form 1X

BRLMs: SBI Capital Markets, DAM Capital Advisors

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
260.75 175613 Form 1X 1792 1792 Form 1X 3884 Form 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 58 ₹ 14,848
Retail (Upto 2 Lakh) 13 754 ₹ 193,024
S-HNI (2 Lakh to 10 Lakh) 14 812 ₹ 207,872
S-HNI (2 Lakh to 10 Lakh) 67 3886 ₹ 994,816
B-HNI (Above 10 Lakh) 68 3944 ₹ 1,009,664

IPO Timeline

  • Open Date

  • Close Date

  • Basis of Allotment Date

  • Initiation of Refunds

  • Credit Shares to Demat A/c

  • IPO Listing Date


Subscription as on
05-Jul-2024 16:27

Category Book Size Subscription No. of Times
QIB 5,820,313 ₹ 149.00 Cr. 895,504,630 ₹ 22924.92 Cr. 153.86x
HNI (<10 LAKH) 1,155,078 ₹ 29.57 Cr. 75,577,944 ₹ 1934.80 Cr. 65.43x
HNI2 (>10 LAKH) 2,910,157 ₹ 74.50 Cr. 160,834,638 ₹ 4117.37 Cr. 55.27x
RETAIL 10,185,547 ₹ 260.75 Cr. 143,475,818 ₹ 3672.98 Cr. 14.09x
Total 20,071,095 1,275,393,030 63.54x
Category Book Size Subscription No. of Times
QIB 5,820,313 ₹ 149.00 Cr. 895,504,630 ₹ 22924.92 Cr. 153.86x
HNI (<10 LAKH) 1,155,078 ₹ 29.57 Cr. 75,577,944 ₹ 1934.80 Cr. 65.43x
HNI2 (>10 LAKH) 2,910,157 ₹ 74.50 Cr. 160,834,638 ₹ 4117.37 Cr. 55.27x
RETAIL 10,185,547 ₹ 260.75 Cr. 143,475,818 ₹ 3672.98 Cr. 14.09x
Total 20,071,095 1,275,393,030 63.54x

*Excluding Anchor

Total No. of Application Approx : ~2040444 (11.62 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • The company was incorporated as ‘Bansal Wire Industries Pvt Ltd’ in 1985. Subsequently the company was converted into a public company and the name of the Company was changed to ‘Bansal Wire Industries Ltd’, in 1995. Bansal Wire Industries has been in the business of manufacturing steel wires catering to various major sectors with a diversified portfolio.

  • Bansal Wire Industries along with its subsidiary Bansal Steel & Power Ltd offers 3000+ SKUs (stock keeping units) in 3 segments i.e., high carbon steel wire, mild steel wire (low carbon steel wire) and stainless-steel wire.

  • The extensive range of the company’s products include sizes as thin as 0.04 mm to as thick as 15.65 mm like high carbon steel wires for springs, wire for ropes, mild steel wires (low carbon steel wires), stainless steel wires, cold heading quality wires, cable armouring wires and strips, galvanized steel wires in high/ mild steel wire (low carbon steel wire) in wide range of, zinc coating, profile/ shaped wires in various steel grades in different cross sections etc.

  • Bansal Wire Industries has 5 manufacturing facilities with 4 units having an installed capacity of 259,000 MTPA of mild steel, high carbon, and stainless-steel wires. Further, the company started production of high carbon wires at Dadri facility by end of January 2024, with an initial capacity of 1,000 metric which has been increased to 3,000 metric tonnes with 78.50% capacity utilisation till March 31, 2024.

  • The company exports its products to several countries, with 14 global representatives covering countries like Bangladesh, Brazil, France, Germany, Israel, Italy, Netherland, South Korea, South Africa, Sri Lanka, Turkey, United Kingdom, United States of America and Vietnam. In FY2024, total sales from outside India contributed 11.49% of the company’s total income.

  • The company has built its dealer distributor network across 22 states and 6 union territories of India which enables it to cater to more than 5,000 customers spread across various sectors.

  • The company’s total income grew at a CAGR of 5.86% from ? 2,205.07 Cr in FY2022 to ? 2,470.89 Cr in FY2024. The EBITDA has increased at a CAGR of 14.87% from ? 113.15 Cr in Fiscal 2022 to ? 149.31 Cr and PAT has increased at a CAGR of 17.28% from ? 57.29 Cr to ? 78.79 Cr during the same period.

Read More


Competitive Strength 

  • Steel wire manufacturers with established market position and strong brand equity

  • More than 5,000 customer base with presence across various sectors

  • Economies of scale

  • Business model with stable and consistent margin profile

  • Promoters and management with industry expertise of over 38 years

Business Strategies 

  • Expansion of customer base in north India and increase penetration in other geographies

  • Focus on increasing our exports sales and growing sectors like automotive and infrastructure

  • Entering into B2C segment steel products and establishing retail distribution network

  • Increase in margin profile by focusing on high margin products and adding speciality wire segment

  • Technological advancement of manufacturing facilities

Company Promoters

Arun Gupta is the Chairman and Whole-Time Director of the company. Pranav Bansal is the Managing Director and Chief Executive Officer of the company. Umesh Kumar Gupta is a Whole-time Director and Chief Operating Officer of the company. Satish Prakash Aggarwal is an Independent Director of the company. Saurabh Goel is an Independent Director of the company. Sunita Bindal is an Independent Director of the company. Ritu Bansal is an Independent Director of the company. Ghanshyam Das Gujrat

Company Financials

Bansal Wire Industries Limited Financial Information (Restated)

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 Ended 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 1,264.01 749.05 695.48
Revenue 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

Objects of the Issue

The company proposes to use the Net Proceeds from the Issue for the following purposes:

  1. Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary;
  2. Funding the working capital requirements of the company and
  3. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

Check Allotment