Bansal Wire Industries IPO Launching on July 3rd: Few things you need to know as an investor
Bansal Wire Industries is launching its IPO for subscription starting Wednesday, July 3rd. The company, along with its subsidiary Bansal Steel & Power Ltd, specializes in producing a wide range of steel wires, including high-carbon steel, mild steel (low-carbon), and stainless steel varieties. Together, they offer over 3000 different products, with Bansal Wire Industries contributing around 2000 SKUs and its subsidiary adding 1500 SKUs. They also share approximately 500 SKUs.
Established with a focus on quality and reliability, Bansal Wire Industries markets its products under the well-known “BANSAL” brand. Their branding and customer engagement efforts have resulted in an impressive customer retention rate of over 64% as of Fiscal Years 2022, 2023, and 2024.
The company operates five production facilities that combine advanced machinery with skilled labor to meet high production standards. It also exports its products globally, leveraging a network of 14 international representatives in countries like the USA, UK, Germany, and others. In Fiscal 2024, its export turnover reached ₹283.94 crore, with a significant portion going to the US and European markets.
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Financially, Bansal Wire Industries has grown, with total income increasing at a CAGR of 5.86% to ₹2,470.89 crore between FY 2022 and FY 2024. Profit after tax (PAT) grew at a CAGR of 17.28% from ₹57.29 crore to ₹78.8 crore, while EBITDA expanded at a CAGR of 14.87% from ₹113.15 crore to ₹149.31 crore during the same period.
The IPO will open for subscription from July 3rd to July 5th, with shares priced between ₹243 to ₹256 each. The lot size for bidding is 58 equity shares and in multiples thereof. The IPO, valued at ₹745 crore, consists entirely of fresh issue equity shares, as per their Red Herring Prospectus (RHP). Allocation to anchor investors is scheduled for July 2nd.
