Bansal Wire IPO Details: The initial public offering of steel wire manufacturer Bansal Wire Industries is set to open soon. The maiden public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component. Check out all the details related to the Bansal Wire IPO here.

Bansal Wire IPO Price Band

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The steel wire manufacturer has fixed a price band of Rs 243 to Rs 256 per share.

Bansal Wire IPO Lot Size

According to the information available, the minimum lot size for an application is 58 shares and in multiples of 58 shares thereafter.

Bansal Wire IPO Investment Amount

Considering the upper price band, the minimum amount of investment required by retail investors is Rs 14,848.

Bansal Wire IPO Start, End Date

The initial share sale will open for public subscription on July 3 and end on July 5. 

Bansal Wire IPO Bidding for Anchor Investors

According to Banswal Wire Industries, the bidding for anchor investors will open for a day on July 2 

Bansal Wire IPO Allotment Date 

Bansal Wire is expected to finalise the basis of the allotment of its shares on July 8, 2024

Bansal Wire IPO Listing Date 

IPO listing date is the date when the company shares will be listed on exchanges. As per information available, the expected listing date is July 10, 2024. 

Bansal Wire IPO:  Book running lead managers

SBI Capital Markets and DAM Capital Advisors are the book-running lead managers to the issue.

Bansal Wire IPO: Registrar

Kfin Technologies Limited is the registrar for the issue.

Bansal Wire IPO: How does the company intend to use the fund?

Funds will be used for the payment of debt, to support the working capital requirements of the company, and for general corporate purposes.

Bansal Wire IPO: What does the company do?

Bansal Wire Industries is engaged in the business of manufacturing and exporting steel wires. It operates in three broad segments — high carbon steel wire, mild steel wire (low carbon steel wire) and stainless steel wire. Also, the company plans to add a new segment of specialty wires through its upcoming plant in Dadri, which will help it grow and expand its market presence in the upcoming fiscal.

Bansal Wire IPO: Company's Total Income

The company's total income increased at a CAGR of 28 per cent to Rs 2,422.56 crore in fiscal 2023 from Rs 1,480.41 crore in fiscal 2021, and profit after tax (PAT) surged at a compound annual growth rate (CAGR) of 21.7 per cent to Rs 59.93 crore in fiscal 2023, from Rs 40.46 crore in fiscal 2021.