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IPO Synopsis

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Bansal Wire Industries Ltd
Registered Office:
F 3 Main Road,Shastri Nagar, Delhi - 110052, Delhi, India.
Website :  www.bansalwire.com
Initial public offering of 29,101,562 equity shares of face value of Rs. 5 each ("Equity Shares") of Bansal Wire Industries Limited (the "Company" or the "Issuer") for cash at a price of Rs. 256 per equity share of face value of Rs. 5 each (including a share premium of Rs. 251 per equity share) ("Issue Price") aggregating to Rs. 745.00 crores (the "Issue"). The issue constituted 18.59% of the post-issue paid-up equity share capital of the company. The face value of the equity share is Rs. 5 each. the issue price is 51.20 times the face value of the equity shares.
Issue
Opens On Closes On
03-Jul-24 05-Jul-24
Money Payable On
Application Allotment
256.00 0.00
Minimum Application for shares in Nos : 58  Further Multiples of : 58
(₹)(Cr.) Lead Managers to the Issue
Project Cost (₹) 692.94 DAM Capital Advisors Ltd
Project Financed through Current Offer (₹) 745.00  
Post Issue Equity Share Capital (₹) 78.28  
Issue Price (₹) 256.00  
Projects
Repayment or prepayment of all or a portion of certain outstanding borrowings-Availed by the company
Repayment of prepayment of all or a portion of ceratin outstanding borrowings-Availed by the subsidiary
Funding the working capital requirements of the company
General corporate purposes
Promoted By
Arun Gupta
Anita Gupta
Pranav Bansal
Listing At
BSE
NSE
Registrar to the Issue