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Bansal Wire Industries Limited, a leading manufacturer of stainless steel wire, is set to enter the public market with its upcoming IPO. This blog provides a comprehensive analysis of the IPO details, company profile, financials, and crucial factors for potential investors to consider before making a decision.

About Bansal Wire Industries

Established in 1985, Bansal Wire has carved a niche in the steel wire industry. Here's a glimpse into what makes them stand out:

  • Product Diversification: The company manufactures a wide range of steel wires, encompassing high carbon steel, low carbon steel (mild steel), and stainless steel, catering to diverse customer needs.
  • Extensive Product Portfolio: With over 3,000 wire product variations, Bansal Wire offers a comprehensive selection for various applications.
  • Strong Customer Base: Boasting over 5,000 customers across different industries, Bansal Wire has established a robust market presence.
  • Global Reach: The company exports to over 50 countries, solidifying its position as a key player in the international market. Their export turnover has witnessed impressive growth of 47.15% in the past three years.
  • Risk Management Strategies: Bansal Wire employs a diversified customer base and a dynamic pricing model to mitigate risks associated with fluctuating material costs.

Bansal Wire IPO: fundamentals

  • Issue Size: ₹745.00 crore (fresh issue)
  • Price Band: ₹243 - ₹256 per share
  • Open/Close Dates: July 3rd - July 5th, 2024
  • Listing Date (Tentative): July 10th, 2024 on BSE & NSE
  • Minimum Investment: ₹14,848 (for retail investors)

Bansal Wire financials

While Bansal Wire's revenue experienced a modest increase of 1.99% in FY 2023-24, its profit after tax (PAT) witnessed a significant rise of 31.48% compared to the previous year. This indicates potential for future profitability growth.

Bansal Wire IPO details: factors to consider

  • Market Conditions: The overall health of the steel industry and market sentiment will significantly impact the IPO's success.
  • Growth Strategy: Investors should critically evaluate Bansal Wire's plans for utilising the IPO proceeds and its strategy for expanding its domestic and international market share.
  • Modest Revenue Growth: The recent trend of modest revenue growth warrants further investigation to understand the underlying reasons and future growth projections.
  • Competition: The competitive landscape of the steel wire industry and Bansal Wire's position within it should be carefully analysed.


The Bansal Wire IPO presents an opportunity for investors to participate in a well-established steel wire manufacturer with a diversified product portfolio, strong customer base, and global reach. However, a thorough analysis of the company's financials, market conditions, growth plans, and competitive landscape is essential before making an IPO investment decision.

Disclaimer: This blog is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.