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Bansal Wire

Bansal Wire Industries stands as India’s second-largest steel wire manufacturer by volume. In Fiscal 2023, the company produced 72,176 metric tons per annum (MTPA) of stainless steel wire and 206,466 MTPA of steel wire, holding a market share of 20% and approximately 4%, respectively.

Bansal Wire offers an extensive product range with over 3,000 stock-keeping units (SKUs), the highest among Indian steel wire manufacturers. Their wire sizes vary from as thin as 0.04 mm to as thick as 15.65 mm. The company serves a well-diversified customer base of more than 5,000 clients across various sectors, which supports its sustained growth.

With a significant presence across India and exports to over 50 countries, Bansal Wire reinforces its status as a major player in the global market. The company operates four manufacturing facilities located in Ghaziabad, Asaudha (Bahadurgarh), and Jhajjar in Haryana. These facilities collectively have an installed capacity of 259,000 MTPA for mild steel, high carbon, and stainless steel wires.

Bansal Wire Industries IPO Details

Signature Global IPO Details
Bansal Wire IPO Dates
3 – 5 July 2024
Bansal Wire Issue Price
INR 243 – 256 per share
Fresh issue
29,101,562 shares (INR 707.017 – 745 crore)
Offer For Sale
Nil
Total IPO Size
29,101,562 shares (INR 707.017 – 745 crore)
Minimum bid (size)
58 shares (INR 14,848)
Face Value
INR 5 per share
Retail Allocation
35%
Listing On
NSE, BSE

Bansal Wire Financial Performance

Signature Global Financial Performance

FY22

FY23

FY24

Revenue

2,198.36

2,413.01

2,466.03

Expenses

2,126.94

2,341.01

2,363.84

Net income

57.29

59.93

78.80

Margin (%)

2.61

2.48

3.20

Figures in INR Crore unless specified otherwise

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