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BANSALWIRE IPO

Bansal Wire Industries Limited
Start Date03-07-2024
Application Timing10am-5pm
Price Range₹243 - ₹256
Min Qty58
Min. Investment₹14094
Listing DateNA
Close Date05-07-2024

About Bansal Wire Industries Limited

Why To Invest in Bansal Wire Industries Limited

Leading steel wire manufacturer with 20% market share in stainless steel wire segment. The company proposes to use the Net Proceeds from the Issue for the following purposes:

  1. Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary
  2. Funding the working capital requirements of the company 
Financial Table
Year202120222023
Operating Income (Rs. Cr)14772198.32413
Profit After Tax (Rs. Cr)40.457.259.9
Strengths And Risks
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Established and Largest Player in its Segment: Company is one of the largest steel wire manufacturers with established market position, strong brand equity and pan-India presence.
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Well Diversified Customer Base: They have a customer base exceeding 5,000 customers, spreading across various industrial sectors. Some of the major sectors that they serve include automotive, cables, fencing, infrastructure and agriculture out of which automotive and consumer durables sectors give them the highest EBITDA margins.
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Economies of Scale: Over the last 38 years, the company has established a well-integrated ecosystem for manufacturing the products, storage and transportation of raw materials and finished goods.
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Extensive Product Portfolio: They offer one of India’s most extensive steel wire product portfolios, encompassing over 3000 stock keeping units (SKUs), categorized majorly into three segments, i.e., high carbon steel wire, mild steel wire and stainless steel wire.
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Raw Material Supply & Cost: Any shortages, delay or disruption in the supply of the raw materials used in manufacturing process may have a material adverse effect on our business. The costs of the raw materials is also subject to volatility.
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Competition: Due to the fragmented nature of the wires industry and price advantage that the unbranded players generally enjoy, there can be no assurance that company will maintain competitiveness in wires industry.
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Heavy Power & Fuel Requirements: They have significant power and fuel requirements for three manufacturing facilities, and energy costs represent a significant portion of the production costs. Any disruption to power sources could increase production costs and adversely affect the business.
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