Business Standard

Bansal Wire Industries Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

745.00 cr

Price Range (₹)

256

Lot Size

58

Min Investment (₹)

14,848.00

Listing Exchange

MumbaiNSE

Open Date

03-Jul-2024

Close Date

05-Jul-2024

Listing Date

10-Jul-2024

Bansal Wire Industries Ltd News

    The Shares of Bansal Wire Industries Ltd have now been listed.

    Bansal Wire Industries Ltd IPO Details

    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.

    Objective of issue

    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.

    Bansal Wire Industries Ltd Contact Details

    Bansal Wire Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - investorrelations@bansalwire.com

    Website - www.bansalwire.com