Bansal Wire Industries Limited IPO
Incorporation and Operations Incorporated in December 1985, Bansal Wire Industries Limited specializes in manufacturing stainless steel wire. The company operates in three primary segments: high-carbon steel wire, low-carbon steel wire (mild steel wire), and stainless steel wire. With a diverse product range of over 3,000 types of steel wires, Bansal Wire caters to various industries, from automotive to consumer goods.
Customer Base and Market Presence Bansal Wire Industries boasts a vast customer base of more than 5,000 clients across different sectors. This broad customer distribution reduces dependency on any single customer or industry, mitigating risks and fostering steady growth. The company employs a strategic pricing model to manage fluctuations in material costs effectively.
Global Footprint The company has a robust international presence, exporting products to over 50 countries, including Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. With 14 global representatives and an impressive export turnover growth at a CAGR of 47.15% over the last three fiscal years, Bansal Wire has solidified its position as a key player in the global market.
Manufacturing and Sales Bansal Wire operates four manufacturing units located in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad, and Bahadurgarh, Jhajjar, Haryana, with two units in Loni Industrial Area, Ghaziabad. Since 2021, the company has built a robust sales team of over 50 experienced professionals, covering all regions of India and serving more than 5,000 customers. IPO Objectives
The primary objectives of the IPO are:
Repayment and Prepayment of Borrowings: To reduce the company's outstanding borrowings.
Funding Working Capital Requirements: To enhance the company’s operational capabilities and support growth.
General Corporate Purposes: To address various corporate needs and strengthen the overall business framework.
Bansal Wire Industries- Key IPO Details
IPO Dates: 3 to 5 July 2024
Price Band: ₹243 to ₹256 per share
Lot Size: 58 shares
Total Issue Size: ₹745 Crores
Retail Quota: 35%
GMP: 20% (for informational purposes only)
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