Bansal Wire Industries IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Bansal Wire Industries IPO. Explore Bansal Wire Industries IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Bansal Wire Industries Limited, along with its subsidiary Bansal Steel & Power Limited, offers a diverse range of over 3,000 SKUs in high carbon steel, mild steel, and stainless steel wires. Operating from four manufacturing facilities in the National Capital Region of India, the company maintains a strong market presence across 22 states and six union territories. With significant export markets in Europe and the U.S., the company continues to expand its capacity, including a new specialty wires manufacturing plant in Dadri, positioning it for sustained growth and market leadership.
Key Points:
- Product Segments:
- Sizes: Offers wire sizes ranging from 0.04 mm to 15.65 mm.
- Types: Includes high carbon steel wires, mild steel wires, stainless steel wires, cold heading quality wires, cable armoring wires and strips, galvanized steel wires with various zinc coatings, and profile/shaped wires.
- Range: Provides over 3,000 SKUs across these segments, with 2,000 SKUs from Bansal Wire and 1,500 from its subsidiary, Bansal Steel & Power Limited.
- Manufacturing Facilities: Operates four manufacturing facilities in the National Capital Region (three in Ghaziabad and one in Bahadurgarh) with a combined capacity of 259,000 MTPA. A new facility in Dadri is expanding the capacity for high carbon wires.
- Market Presence: Strong distribution network across 22 states and six union territories in India, with a significant portion of revenue from northern and western states.
- Exports: Exports products to several countries, including major markets in Europe and the U.S., accounting for over 70% of total exports in Fiscal 2024.
- Strategic Acquisitions: Acquired a 76.15% stake in Bansal Steel & Power Limited, enhancing production capacity and market reach.
- Brand Recognition: Markets and sells products under the "BANSAL" brand, known for quality and customer retention, with over 64% customer retention ratio.
- Market Presence and Distribution: Bansal Wire operates across 22 states and six union territories in India, with significant revenue from operations in northern and western states (Delhi, Haryana, Maharashtra, Uttar Pradesh). The company holds 2% of the overall steel wire production in India, contributing to a highly fragmented industry.
Objects of the Issue
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company;
- Investment in the Subsidiary for repayment or prepayment of all or a portion of certain of its outstanding borrowings
- Funding the working capital requirements of the Company
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 03 Jul - 05 Jul 2024 |
| IPO Price Band | ₹ 243 - 256 per share |
| Fresh Issue | ₹ 745 crore |
| Offer For Sale | NA |
| Total IPO Size | ₹ 745 crore |
| Face Value | ₹ 5 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 03 Jul 2024 |
| IPO Closing Date | 05 Jul 2024 |
| Basis Of Allotment | 08 Jul 2024 |
| Refunds | 09 Jul 2024 |
| Demat Transfer | 09 Jul 2024 |
| IPO Listing Date | 10 Jul 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 1,480.42 | 2,205.07 | 2,422.57 | 2,470.89 |
| Total Expenses | 1,424.11 | 2,126.94 | 2,341.02 | 2,363.84 |
| Net Profit/Loss | 40.47 | 57.29 | 59.93 | 78.80 |
| NPM (*) | 2.73 | 2.60 | 2.47 | 3.19 |
| Total Assets | 570.32 | 695.48 | 749.05 | 1,264.01 |
| Total Liabilities | 410.35 | 472.47 | 466.54 | 802.87 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 2.85 | 4.58 | 4.70 | 6.18 |
| ROE (%) | 28.39 | 29.92 | 23.71 | 21.19 |
| ROCE (%) | 16.91 | 18.59 | 17.34 | 18.46 |
| D/E Ratio | 2.26 | 1.85 | 1.49 | 1.48 |
| Current Ratio | 1.58 | 1.62 | 2.09 | 1.51 |
| EBITDA MARGIN (%) | 5.74 | 5.13 | 4.73 | 6.04 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Bansal Wire Industries Limited | 2,466.03 | 41.42 | 6.18 | 18.46 | 33.14 |
| Rajratan Global Wire Limited | 890.45 | 41.68 | 14.15 | 15.41 | 97.03 |
| DP Wires Limited | 1,002.26 | 18.94 | 23.43 | 17.39 | 145.93 |
| Bedmutha Industries Limited | 812.01 | 37.52 | 6.28 | 19.04 | 37.23 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 153.86 |
| Non-Institutional Investor (NII/HNI) | 54.21 |
| Retail Individual Investor (RII) | 14.37 |
| Total | 62.76 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- ARUN GUPTA
- ANITA GUPTA
- PRANAV BANSAL
- ARUN KUMAR GUPTA HUF
Lead Managers
- SBI Capital Markets Limited
- DAM Capital Advisors Limited
Company Address
Bansal Wire Industries Limited
F-3, Main Road, Shastri Nagar, Delhi 110052
Phone: 011-2365 1891/92/93
Email: investorrelations@bansalwire.com
Website: www.bansalwire.com
FAQs
- What is the issue size of the Bansal Wire Industries IPO?The Bansal Wire Industries IPO has an issue size of ₹ 745 crore. This includes a fresh issue of ₹ 745 crore and an offer for sale (OFS) of NA.
- What is the price band of the Bansal Wire Industries IPO?The price band for the Bansal Wire Industries IPO is ₹ 243 - 256 per share.
- What are the bidding dates for the Bansal Wire Industries IPO?The Bansal Wire Industries IPO will open for bidding on 03 Jul 2024 and close on 05 Jul 2024.
- What is the allotment date for the Bansal Wire Industries IPO?The allotment date for the Bansal Wire Industries IPO is 08 Jul 2024.
- What is the listing date for the Bansal Wire Industries IPO?The listing date for the Bansal Wire Industries IPO is 10 Jul 2024.
- What is the Bansal Wire Industries IPO grey market premium?The grey market premium (GMP) for the Bansal Wire Industries IPO is currently at ₹70, with an expected listing gain of approximately 27.34%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.