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HomeINVESTMENT39% Return In A Day; Huge Response From Investors; IPO Price Was...

39% Return In A Day; Huge Response From Investors; IPO Price Was ₹256 Per Share

Bansal Wire shares Bansal Wire Industries Ltd have been listed on the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE) today. The IPO was already getting a great response from investors, after which it was seen trading at a premium in the grey market as well. 

Now the shares of this company were listed at a premium of about 39% over the IPO price. The IPO price of Bansal Wire was fixed at ₹ 256 per share.

The shares of this company was listed on the NSE at a price of ₹ 356 per share with a 39% premium over the IPO price.

In the same period, they listed it on BSE with a price of 350 rupees per share and an additional premium of 37.5 percent.

Fresh And Completely New Issue

It was an IPO from Bansal Wire that included a completely new offering of equity shares that totaled 745 crores rupees.

It had set aside around 50 percent of the deal for qualified institution buyers (QIBs) 35 % for retail investors and 15 percent for non-institutional investors.

The company will utilize the money raised from this offering to help with the working capital needs and general corporate needs.

What Is The Business’s Mission?

Bansal Wire Industries Ltd is an exporter and producer of wire made from steel. The company is present in three distinct segments.

They include mild steel wire (high-carbon steel wire) mild steel wire (low-carbon steel wire) as well as stainless steel wire. SBI Capital Markets and DAM Capital Advisors are the book’s leading managers of this issue.

The total income of the company grew at a CAGR of 28% from ₹ 1,480.41 crore in FY 2021 to ₹ 2,422.56 crore in FY 2023. Whereas, profit grew at a CAGR of 21.7% to ₹59.93 crore.

Key Fundamentals Parameters

Market Cap₹ 4,008 Cr.
Stock P/E53.5
Book Value
Dividend
ROCE14.7 %
ROE21.2 %
Face Value
P/B Value
OPM5.86 %
EPS₹ 6.05
Debt₹ 681 Cr.
Debt to Equity1.61

Bansal Wire Industries Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020
2021
2022₹ 2,197 Cr
2023₹ 2,412 Cr
2024₹ 2,466 Cr

Last 5 Years’ Net Profit:

2020
2021
2022₹ 57 Cr
2023₹ 60 Cr
2024₹ 79 Cr

Conclusion

This article provides a detail guide about Bansal Wire Industries Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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