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15 Days Price Change

Bansal Wire Inds. IPO

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WEBSITE Inc. Year: 1985 Industry: Steel & Iron Products Listed Page

Profile
Issue Size --
Profile
Price Range 243  to  256 per share
Profile
Min Investment ₹256
Profile
Lot Size 1
Profile
Face Value ₹5
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Established in 1985, the company has cemented its position as a leading entity in India's steel wire manufacturing sector. With a notable production capacity, including 72,176 metric tons per annum of stainless steel wire and 206,466 metric tons per annum of steel wire in Fiscal 2023, it holds substantial market shares of approximately 20% and 4%, respectively. Serving a diverse array of industries such as automotive, general engineering, infrastructure, consumer durables, and more, the company offers a comprehensive portfolio of over 3,000 stock keeping units (SKUs), ranging from ultra-thin wires of 0.04 mm to robust 15.65 mm variants. The company's business strategy emphasizes resilience and sustainability, evident in its diversified customer base of over 5,000 clients and a balanced revenue distribution where no single customer accounts for more than 5% of sales and no sector exceeds 25%. Operating on a "Cost Plus model," it effectively manages commodity price fluctuations to ensure stable profitability and operational continuity. Under the stewardship of multi-generational leadership deeply rooted in the industry, the company leverages decades of expertise to navigate challenges and drive consistent growth. Its global footprint spans across 50 countries through robust export channels, enhancing its presence in international markets. Looking forward, the company is set to bolster its capabilities with the establishment of the largest single-location manufacturing facility for steel wire in Dadri, India, aiming to solidify its position as a key player in Asia's steel wire manufacturing landscape. Upholding a commitment to innovation, quality, and customer satisfaction, the company remains dedicated to maintaining leadership in the competitive global market. Read More

Basic Info

Face Value 5 per share

Price 243  to  256 per share

P/E (x) 26.4

Sales( Cr.) 3507

PAT( Cr.) 146

EPS 9.7

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Arun Gupta Anita Gupta Pranav Bansal Arun Kumar Gupta HUF.

Pre Issue Share Holding 100%

Post Issue Share Holding 31.72%

Listing Details:

Listing Price: 352.05

Listing Gain: 27.28%

Current Price: 318.3

Gain On Issue: 318.3 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 03, 2024
Closing Date Jul 05, 2024
Allotment Jul 08, 2024
Refund Jul 09, 2024
Delivery of Shares Jul 09, 2024
Listing Date Jul 10, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 58 14,848
Retail (Max) 13 754 193,024
S-HNI (Min) 14 812 207,872
S-HNI (Max) 67 3886 994,816
B-HNI (Min) 68 3944 1,009,664

Objective of the Issue

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 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 14550781 2238783165 153.9x
NII 4365234 236639335 54.2x
Retail 10185547 146366310 14.4x
EMP 0 0 0x
Total 29101562 1826414031 62.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Bansal Wire Inds. Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 2466 3507
Other Income 5 9
Total Income 2471 3517
Total Expenditure 2322 3238
Operating Profit 149 278
Interest 29 38
Depreciation 13 30
Exceptional Income / Expenses 3 -0
Profit Before Tax 110 210
Provision for Tax 35 64
Profit After Tax 75 146
Adjustments -2 -2
Profit After Adjustments 74 145
Adjusted Earnings Per Share 5.8 9.2

Bansal Wire Inds. Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 422 1269
Minority's Interest 39 0
Borrowings 304 136
Other Non-Current Liabilities 17 67
Total Current Liabilities 511 696
Total Liabilities 1293 2168
Fixed Assets 229 693
Other Non-Current Assets 262 206
Total Current Assets 801 1270
Total Assets 1293 2168

Bansal Wire Inds. Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 2
Cash Flow from Operating Activities -541 -151
Cash Flow from Investing Activities -496 -444
Cash Flow from Financing Activities 1038 595
Net Cash Inflow / Outflow 2 -0
Closing Cash & Cash Equivalent 2 2

Bansal Wire Inds. Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.78 9.24
CEPS(Rs) 6.96 11.26
DPS(Rs) 0 0
Book NAV/Share(Rs) 33.14 81.06
Core EBITDA Margin(%) 5.85 7.66
EBIT Margin(%) 5.63 7.07
Pre Tax Margin(%) 4.46 5.99
PAT Margin (%) 3.05 4.17
Cash Profit Margin (%) 3.59 5.03
ROA(%) 5.82 8.46
ROE(%) 17.81 17.31
ROCE(%) 12.59 16.65
Receivable days 52.89 43.37
Inventory Days 46.39 49.53
Payable days 10.88 16.5
PER(x) 0 41.95
Price/Book(x) 0 4.78
Dividend Yield(%) 0 0
EV/Net Sales(x) 0.3 1.9
EV/Core EBITDA(x) 4.96 23.97
Net Sales Growth(%) 0 42.22
EBIT Growth(%) 0 78.52
PAT Growth(%) 0 94.53
EPS Growth(%) 0 59.93
Debt/Equity(x) 1.61 0.48
Current Ratio(x) 1.57 1.83
Quick Ratio(x) 0.96 0.91
Interest Cover(x) 4.82 6.56
Total Debt/Mcap(x) 0 0.1

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 42% 0% 0% 0%
Operating Profit CAGR 87% 0% 0% 0%
PAT CAGR 95% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -12% NA% NA% NA%
ROE Average 17% 18% 18% 18%
ROCE Average 17% 15% 15% 15%

Company Contact Information

Bansal Wire Industries Ltd.

F-3, Main Road Shastri Nagar North Delhi

IPO Lead Manager(s)

Bansal Wire Industries Ltd.

Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)

SBI Capital Markets Ltd

Registrar Info

Bansal Wire Industries Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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