Bansal Wire Industries Limited IPO

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.

Bansal Wire Industries Limited Financial Information (Restated)

Bansal Wire Industries Limited’s revenue increased by 1.99% and profit after tax (PAT) rose by 31.48% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,264.01	749.05	695.48
Revenue	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
Amount in ₹ Crore

Objects of the Issue (Bansal Wire IPO Objectives)

The company proposes to use the Net Proceeds from the Issue for the following purposes:

Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary;
Funding the working capital requirements of the company and
General corporate purposes.

Bansal Wire IPO Timeline (Tentative Schedule)

Bansal Wire IPO opens on July 3, 2024, and closes on July 5, 2024.

IPO Open Date	Wednesday, July 3, 2024
IPO Close Date	Friday, July 5, 2024
Basis of Allotment	Monday, July 8, 2024
Initiation of Refunds	Tuesday, July 9, 2024
Credit of Shares to Demat	Tuesday, July 9, 2024
Listing Date	Wednesday, July 10, 2024
Cut-off time for UPI mandate confirmation	5 PM on July 5, 2024

SHARIAH SCREENING for - Bansal Wire Industries Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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