Subscribe  for real-time financial insights on Trade Target’s WhatsApp Channels

Bansal Wire Industries Limited which was founded in December 1985 and is company specializing in manufacturing stainless steel wires.

The company focuses on three main segments: high carbon steel wire, low carbon steel wire (mild steel wire) and stainless steel wire. They produce over 3,000 different types of steel wire products, catering to more than 5,000 customers across various industries, ensuring steady growth.

To mitigate risk, they do not depend heavily on any single customer or customer type. They use flexible pricing model to manage fluctuations in material costs.

It has significant presence across India and exports to over 50 countries establishing itself as key player in global market. They have 14 global representatives in countries like Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, United Kingdom, United States and Vietnam. The export turnover has seen compound annual growth rate of 47.15% over last three fiscal years.

They operates four manufacturing units: one in Mohan Nagar, Ghaziabad; one in Bahadurgarh, Jhajjar, Haryana and two in Loni Industrial Area, Ghaziabad.

Since 2021 company has built sales team of over 50 experienced professionals to cover all regions of India serving more than 5,000 customers in various sectors.

Bansal Wire Industries IPO Overview

Bansal Wire’s IPO is book built issue worth Rs 745.00 crores. It consists entirely of fresh issue of 2.91 crore shares.

The shares will be listed on BSE and NSE, with a tentative listing date of July 10, 2024.

The price band for the IPO is set between ₹243 and ₹256 per share. The promoters of Bansal Wire’s IPO are Arun Gupta, Anita Gupta, Pranav Bansal and Arun Kumar Gupta HUF. Before issue, they hold 95.78% of shares. The post-issue shareholding details are not available yet. 

Kfin Technologies Limited is handling the registry for this IPO.