
Manufacturing / Industrial Goods · NSE / BSE
Bansal Wire Industries Limited, incorporated in December 1985, is a leading manufacturer of stainless steel wire, specializing in high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. The company offers over 3,000 types of steel wire products, serving more than 5,000 customers across various industries, ensuring a diversified revenue base. With a strong domestic presence and exports to over 50 countries, including key markets like the U.S., U.K., Germany, and South Korea, Bansal Wire has achieved a remarkable export turnover CAGR of 47.15% over the last three fiscal years. The company operates four manufacturing units in Mohan Nagar, Ghaziabad; Loni Industrial Area, Ghaziabad (with two units); and Bahadurgarh, Jhajjar, Haryana. To navigate material cost fluctuations, Bansal Wire employs a dynamic pricing model. Since 2021, a dedicated sales team of over 50 professionals has been catering to customers nationwide, reinforcing its position as a global market leader in the steel wire industry.
Price Band
₹243 – ₹256
Issue Size
₹745 Cr
Lot Size
58 shares
GMP
+27.3%
Est. Listing
₹326
at current GMP
Subscribed
62.76x
overall
Open
3 Jul 2024
Close
5 Jul 2024
Allotment
8 Jul 2024
Refund
9 Jul 2024
Demat Credit
10 Jul 2024
Listing
10 Jul 2024
Overall Subscription
62.76x
Total Demand
QIB Multiplier
153.86x
Institutions & Funds
NII / HNI
54.21x
High Net-Worth
Retail (RII)
14.37x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 5,820,312 | 895,504,630 | 153.86x |
| NIB | 4,365,235 | 236,659,256 | 54.21x |
| HNIs(10L +) | 2,910,157 | 160,834,638 | 55.27x |
| HNIs (2-10L) | 1,455,078 | 75,824,618 | 52.11x |
| RETAIL | 10,185,547 | 146,358,012 | 14.37x |
| Total | 24,736,329 | 1,515,181,154 | 62.76x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| HNIs (10L+) | 3,584 | 39,130 | 10.92x |
| HNIs (2-10L) | 1,792 | 89,466 | 49.93x |
| RETAIL | 175,613 | 2,036,985 | 11.60x |
| Total Applications | 180,989 | 2,165,581 | 11.97x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Bansal Wire Industries Limited is bringing an initial public offering (IPO) in the Manufacturing / Industrial Goods sector with an aggregate issue size of ₹745 Crores. The shares are offered at a price band of ₹243 to ₹256 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-07-05, the basis of allotment is scheduled to be finalized on 2024-07-08. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Bansal Wire Industries Limited IPO is ₹70 per equity share. Based on the upper price band of ₹243 to ₹256 per equity share, the estimated listing price is ₹326 (+27.3% expected listing gain).
With a lot size of 58 shares and current GMP of ₹70, the expected profit per application lot is approx ₹4,060 (+27.3% gain). Minimum application cost is approx ₹14,848.
The Bansal Wire Industries Limited IPO aggregate issue size is ₹745 Crores with an equity price band set at ₹243 to ₹256 per equity share. The retail lot size is 58 shares requiring a minimum capital outlay of approx. ₹14,848.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 62.76x (Retail: 14.37x, QIB: 153.86x, NII: 54.21x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-07-08. Investors can verify status using PAN card or application number.
Bansal Wire Industries Limited shares are scheduled to list on NSE and BSE on 2024-07-10.