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Bansal Wire IPO
Price Band
₹243.0–256.0
Issue Size
₹745.0 Cr
Lot Size
58 shares
Min Investment
₹14,848
GMP
+₹70.0 (27.34%)
Issue Price
₹256.0
Subject to Sauda
₹3100
Paid only if allotted
Bansal Wire IPO AI Summary
- Bansal Wire IPO is listed on BSE, NSE in the Iron & Steel Products sector.
- Price band: ₹243.0–₹256.0 per share, lot size 58 shares (min. investment ₹14,848).
- Subscription window: 03 Jul–05 Jul 2024, listing on 10 Jul 2024.
- Current GMP is +₹70.0 (27.34%), an estimated listing price of ₹326 — unofficial and can change daily.
Bansal Wire Industries Limited is set to raise ₹745.0 Cr through its IPO, with a price band of ₹243.0 to ₹256.0. The company has shown consistent revenue and profit growth, and its strong export presence positions it well in the market.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Bansal Wire IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 05 Jul 2024 — not a current signal.
2 of 3 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Bansal Wire IPO Grey Market Premium (GMP) Today
GMP
+₹70.0
GMP %
+27.34%
Est. Listing
₹326.0
Updated: 25 Jul 2026 14:05
About the Company
Incorporated in December 1985, Bansal Wire Industries Limited is a stainless steel wire manufacturing company. The company operates in three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. The company makes over 3,000 different types of steel wire products, ranging in size from very thin to very thick. They have more than 5,000 customers in different industries, which helps the company grow. To reduce risk, the company doesn't rely too much on one customer or one type of customer. They also use a pricing model that helps them deal with changes in material costs. The company has a presence across India and operates in over 50 countries through product exports, solidifying its position as a key player in the global market. The company exports products to over 50 countries. It has 14 global representatives covering Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. Our export turnover has grown at a CAGR of 47.15% in the last three fiscal years. The company has four manufacturing units in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad and Bahadurgarh, Jhajjar, Haryana. Out of four units two are located in Loni Industrial Area, Ghaziabad. Since 2021, the company has established a sales team of over 50 experienced professionals to cover all regions of India and serve 5,000+ customers in various sectors.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 1,264.01 | 749.05 | 695.48 |
| Total Income | 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 |
Key Ratios
EPS
₹6.18
NAV
₹33.14
ROE
21.19%
ROCE
18.46%
RoNW
18.27%
P/B Value
7.72
P/E Ratio
41.41
Market Cap
₹4007.83 Cr
PAT Margin
3.19%
Debt/Equity
1.48
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Bedmutha Industries Ltd. | 37.23 | 19.04% | 38.65 | 6.28 | 6.28 |
| DP Wires Limited | 145.93 | 17.39% | 19.29 | 23.43 | 23.43 |
| Rajratan Global Wire Ltd. | 97.03 | 15.41% | 35.88 | 14.15 | 14.15 |
| Bansal Wire Industries Limited This IPO | 33.14 | 18.46% | 41.41 | 6.18 | 6.18 |
Promoters
Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta (HUF)
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company; 452.68 2 Investment in our Subsidiary for repayment or prepayment of all or a portion of certain of its outstanding borrowings 93.71 3 Funding the working capital requirements of the Company; and 60.00 4 General corporate purposes. 86.55
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹2,205.07 Cr in the year ending 31 Mar 2022, rising to ₹2,422.57 Cr by 31 Mar 2023, and further increasing to ₹2,470.89 Cr by 31 Mar 2024. This shows a steady growth in revenue over the periods.
Profit Trend
Profit after tax was ₹57.29 Cr in the year ending 31 Mar 2022, increasing to ₹59.93 Cr by 31 Mar 2023, and further rising to ₹78.80 Cr by 31 Mar 2024. This indicates a positive trend in profitability across the periods.
Valuation
Bansal Wire Industries Limited has an implied P/E ratio of 41.41 at the issue price, compared to peers trading at a P/E range of 19.29 to 38.65.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading. A positive GMP suggests that the shares are likely to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. It's important to consider the company's growth potential and market conditions before making a decision.
Who May Want to Wait
Conservative investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, as they can be subject to market fluctuations and uncertainties.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make if the stock price rises on its first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Bansal Wire's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Bansal Wire IPO GMP today?
Bansal Wire IPO GMP today is +₹70.0 (27.34%), indicating an estimated listing price of ₹326. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Bansal Wire IPO?
The price band of Bansal Wire IPO is ₹243.0–₹256.0 per share.
When does Bansal Wire IPO open and close?
Bansal Wire IPO opens on 03 July 2024 and closes on 05 July 2024.
When does Bansal Wire IPO list on the stock exchange?
Bansal Wire IPO listed on 10 July 2024 at ₹326.0.
What is the lot size for Bansal Wire IPO?
The lot size for Bansal Wire IPO is 58 shares, requiring a minimum investment of ₹14,848.
What is the price band for the Bansal Wire IPO?
The price band for the Bansal Wire IPO is ₹243.0 to ₹256.0.
What is the minimum investment required?
The minimum investment required is ₹14,848.0.
What is the lot size for this IPO?
The lot size for the Bansal Wire IPO is 58 shares.
When will the Bansal Wire IPO be listed?
The Bansal Wire IPO is expected to be listed on 10 July 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
03 Jul 2024
Close
05 Jul 2024
Allotment
08 Jul 2024
Listing
10 Jul 2024
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