BANSAL WIRE
![Bansal Wire IPO: Should you subscribe to the Rs 745 cr-issue?](https://img.etimg.com/thumb/msid-111447315,width-100,height-75,resizemode-4/markets/ipos/fpos/bansal-wire-ipo-should-you-subscribe-to-the-rs-745-cr-issue.jpg)
Bansal Wire IPO: Should you subscribe to the Rs 745 cr-issue?
Bansal Wire IPO: Bansal Wire's IPO offers 2.19 crore shares, closing on July 5. Analysts recommend high-risk investors consider the IPO at a P/E ratio of 41.41x. The company plans to use funds for debt repayment, with a price band of Rs 243-256 per share.
![Bansal Wire IPO sails through on Day 1 on robust NII, retail demand. Check GMP and other details](https://img.etimg.com/thumb/msid-111455235,width-100,height-75,resizemode-4/markets/ipos/fpos/bansal-wire-ipo-sails-through-on-day-1-on-robust-nii-retail-demand-check-gmp-and-other-details.jpg)
Bansal Wire IPO sails through on Day 1 on robust NII, retail demand. Check GMP and other details
Bansal Wire's IPO saw strong demand from retail and non-institutional investors on the first day, while the QIB portion remained unsubscribed. Proceeds will be used for debt repayment, working capital, and general corporate purposes.
![Bansal Wire IPO offers exposure to domestic manufacturing opportunity](https://img.etimg.com/thumb/msid-111426861,width-100,height-75,resizemode-4/markets/ipos/fpos/bansal-wire-offers-exposure-to-domestic-manufacturing-opportunity.jpg)
Bansal Wire IPO offers exposure to domestic manufacturing opportunity
Bansal Wire Industries plans to raise Rs 745 crore through an IPO to reduce debt and meet working capital needs. The company doubled its installed capacity with a Rs 500 crore investment, expecting full benefits this fiscal year. Additionally, the IPO will reduce long-term debt by two-thirds, leading to lower interest expenses. Bansal Wire Industries' EBITDA margin expanded to 6% in FY24, with RoE and RoCE above industry averages.
![Ahead of IPO, Bansal Wire Industries garners Rs 223 cr from anchor investors](https://img.etimg.com/thumb/msid-111439893,width-100,height-75,resizemode-4/markets/ipos/fpos/ahead-of-ipo-bansal-wire-industries-garners-rs-223-cr-from-anchor-investors.jpg)
Ahead of IPO, Bansal Wire Industries garners Rs 223 cr from anchor investors
The company has allocated 87.30 lakh shares to 18 funds at Rs 256 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 223.5 crore, it added. The maiden public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component.
![Bansal Wire IPO to open for subscription on Wednesday. Here's what GMP indicates](https://img.etimg.com/thumb/msid-111432752,width-100,height-75,resizemode-4/markets/stocks/news/bansal-wire-ipo-to-open-for-subscription-on-wednesday-heres-what-gmp-indicates.jpg)
Bansal Wire IPO to open for subscription on Wednesday. Here's what GMP indicates
The company aims to raise approximately Rs 745 crore at the upper end of its price band. Investors can bid for a minimum of 58 shares per lot, with the option to bid in multiples of this lot size. Prior to the IPO subscription, the company's shares were trading at a premium of Rs 65 in the unlisted market.
![Bansal Wire IPO opens Wednesday: Here are 10 things to know about the public offer](https://img.etimg.com/thumb/msid-111404032,width-100,height-75,resizemode-4/markets/ipos/fpos/bansal-wire-ipo-opens-wednesday-here-are-10-things-to-know-about-the-public-offer.jpg)
Bansal Wire IPO opens Wednesday: Here are 10 things to know about the public offer
The IPO of Bansal Wire is scheduled to open for subscription on July 3 and will close on July 5. The company aims to raise approximately Rs 745 crore through this public offering. This IPO consists entirely of a fresh equity sale of 2.91 crore shares, with no OFS component involved. According to market analysts, Bansal Wire currently commands a GMP of Rs 65 in the unlisted market.
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Bansal Wire announces price band for its Rs 745 crore IPO. Check details
Bansal Wire's IPO, priced at Rs 243-256 per share, opens on July 3. In Sep 2023, the company reported revenue of Rs 1154 crore and a profit of Rs 38.9 crore. With strong lead managers onboard, the IPO presents an attractive investment prospect for interested investors.
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