Bansal Wire Inds IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Bansal Wire Inds

CMP

343.85

+2.25 (0.66%)

  • DRHP
₹256

Offer Price

₹ 745.00 Cr

Issue Size

₹ 14,848

Min Investment

59.57x

Times Subscribed

58

Lot size

Time Line

  • 03
    Jul 2024
    Open
  • 05
    Jul 2024
    Close
  • 08
    Jul 2024
    Finalisation of Basis of Allotment
  • 09
    Jul 2024
    Initiation of Refunds
  • 09
    Jul 2024
    Transfer of Shares to Demat Account
  • 10
    Jul 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

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

  • Focus on increasing its 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.

Products & Services

  • Bansal Wire Industries Limited along with its Subsidiary, BSPL, offers over 3000 SKUs (i.e., stock keeping units) in three broad segments, i.e., high carbon steel wire, mild steel wire (low carbon steel wire) and stainless steel wire.

Strengths

  • Steel wire manufacturers with revenue of Rs. 24,447.19 million in Fiscal 2024 with established market position and strong brand equity.

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

  • Economies of scale.

  • Product Portfolio with over 3,000 stock keeping units across the steel wire industry with good mix of high volume and better margin products.

  • Business model with stable and consistent margin profile.

Risks

  • The company relies substantially on its top 10 suppliers of the raw materials and work-in- progress goods used in its manufacturing processes. Any shortages, delay or disruption in the supply of the raw materials the company use in its manufacturing process may have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • Any disruption, breakdown or shutdown of its manufacturing facilities may have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • Its manufacturing facilities, and the company registered office are located on leasehold lands and rental basis. If the company is unable to renew existing leases or relocate its operations on commercially reasonable terms, there may be a material adverse effect on its business, financial condition and operations.

  • The costs of the raw materials that the company use in its manufacturing process are subject to volatility. Increases or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • Its inability to maintain the company distribution network in India and attract additional dealers may have a material adverse effect on its results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
73.60%
Pre Holding

73.60%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2024 Mar-2024 3-Yr trend
Revenue 2,413.01 (9.80%) 2,466.03 (2.20%) 18.46 (-)
Gross Profit 2,413.01 (9.80%) 2,466.03 (2.20%) 18.46 (-)
Net Income 2,413.01 (9.80%) 2,466.03 (2.20%) 18.46 (-)
Assets 2,413.01 (9.80%) 2,466.03 (2.20%) 18.46 (-)
Liabilities 2,413.01 (9.80%) 2,466.03 (2.20%) 18.46 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Bansal Wire Industries Ltd 2,466.03 77.17 1,147.40 725.03 18.46 6.05 33.14 6.35 0.59
Rajratan Global Wire Ltd 895.37 100.12 739.08 739.08 23.00 19.72 85.77 13.54 0.39
D P Wires Ltd 1,215.31 41.01 251.46 251.46 21.42 30.23 141.12 16.31 0.01
Bedmutha Industries Ltd 686.78 13.01 499.49 499.49 13.07 4.03 30.84 2.60 2.53

Book Running Managers

  • DAM Capital Advisors Ltd
  • SBI Capital Markets Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

F 3 Main Road,
Shastri Nagar,
Delhi - 110052
Phone : 011 2365 1891/92/93 Email : investorrelations@bansalwire.com www.bansalwire.com

Offer Related Information

Initial public offering of 29,101,562 equity shares of face value of Rs. 5 each ("Equity Shares") of Bansal Wire Industries Limited (the "Company" or the "Issuer") for cash at a price of Rs. 256 per equity share of face value of Rs. 5 each (including a share premium of Rs. 251 per equity share) ("Issue Price") aggregating to Rs. 745.00 crores (the "Issue"). The issue constituted 18.59% of the post-issue paid-up equity share capital of the company. The face value of the equity share is Rs. 5... More

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