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Bansal Wire IPO: The contented that is unfastened for subscription started connected 3, July 2024 and closes connected 5, July, 2024. From financials to cardinal risks, present are 10 cardinal things 1 indispensable cognize from RHP earlier investing
1.Bansal Wire IPO: Subscription details'
Bansal Wire IPO archetypal Public connection that is unfastened for subscription now, started connected 3, July 2024 and closes connected 5, July, 2024.
The bidding scope for the Bansal Wire IPO is ₹243 to ₹256 per share. An exertion indispensable person a minimum batch size of 58 shares. Considering bid terms and exertion batch size, retail investors are required to put a minimum of ₹14,848.
Bansal Wire IPO: Objectives of the issue
The Bansal Wire Issue's Net Proceeds are projected to beryllium utilized for outgo successful afloat oregon successful portion for definite outstanding loans obtained by the institution oregon their subsidiary. A portion is to beryllium utilized for gathering the needs for moving superior and wide firm purposes.
Bansal Wire IPO: About the Company
Bansal Wire is simply a ample stainless alloy ligament manufacturing institution and arsenic per RHP the 2nd largest alloy ligament manufacturing institution by measurement successful India with a accumulation of 72,176 MTPA (million tonne per annum) and 206,466 MTPA, respectively, successful Fiscal 2023, representing 20% and astir 4% marketplace share, respectively.
4.Bansal Wire IPO: Key Risks
1.Any shortages, hold oregon disruption successful the proviso of the earthy materials Bansal Wire uses successful its manufacturing process whitethorn person a worldly adverse effect connected its business, fiscal condition, results of operations and currency flows.
2.Any disruption, breakdown oregon shutdown of its manufacturing facilities whitethorn person a worldly adverse effect connected our business, fiscal condition, results of operations and currency flows.
5. Bansal Wire IPO Promoters
Arun Gupta, Anita Gupta, Pranav Bansal, and Arun Kumar Gupta HUF are the company's promoters.
6. Bansal Wire Industry Landscape
The ligament manufacturing is simply a highly fragmented marketplace with implicit 100 players operating successful the manufacture with apical 10 manufacturers continuing to astir 22% of the marketplace with Tata Wires and Bansal Group catering to ~13% of the demand. Other than Tata wires and Bansal Group, the different cardinal ligament manufacturers person a marketplace stock successful the scope of 1-3%. Indian alloy ligament manufacture has been gradually moving from a mostly unbranded play towards branded play including determination and nationalist players due to the fact that of rising consciousness among consumers towards information and quality
7. Bansal Wire IPO: Comparison with Listed Peers
The listed peers for Bansal Wire is Rajratan Global Wire Limited which arsenic per RHP arsenic connected 1st January 2024 is trading astatine 55.52 times terms to FY23 Equity ratio connected net per stock of ₹19.72 and Return connected Net Worth astatine 23.15%. Comparatively Bansal Wire IPO Earnings per stock basal astatine ₹7.21 and Return connected Net worthy astatine 21.21.
Besides D.P. Wires Ltd and Bedmutha Industries Ltd are different 2 listed peers arsenic per Anand Rathi shares and Stocks.
8. Bansal Wire IPO: Registrar, Book moving manager
The publication moving pb managers of the Bansal Wire IPO are SBI Capital Markets Limited and Dam Capital Advisors Ltd (formerly Idfc Securities Ltd), with Kfin Technologies Limited serving arsenic the issue's registrar.
9. Bansal Wire IPO: Allotment and Listing details
On Monday, July 8, 2024, the allocation for the Bansal Wire IPO is anticipated to beryllium completed. The planned listing day for the Bansal Wire IPO is acceptable for Wednesday, July 10, 2024 connected the BSE and NSE.
10. Bansal Wire IPO: GMP oregon Grey Market premium
Today's IPO GMP for Bansal Wire is +58 arsenic per investorgain.com, which shows that the stock terms of Bansal Wire Industries was trading astatine a premium of ₹58 connected the grey market.
Considering the precocious extremity of the IPO pricing set and the existent premium connected the grey market, Bansal Wire Industries' anticipated listing terms was ₹314 per share, 22.66% higher than the IPO terms of ₹256.
The "grey marketplace premium" represents the magnitude that investors are acceptable to wage implicit the contented price.
Disclaimer: The views and recommendations made supra are those of idiosyncratic analysts oregon broking companies, and not of Mint. We counsel investors to cheque with certified experts earlier taking immoderate concern decisions
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