Bansal Wire Industries Limited

Bansal Wire Industries Limited is a steel wire manufacturer whose business traces back to 1938 and was formally incorporated in December 1985. The company, together with its subsidiary Bansal Steel and Power Limited, makes over 3,000 varieties of wire products across three broad segments: high carbon steel wire, low carbon (mild) steel wire, and stainless steel wire, serving thousands of customers in industries ranging from automotive to construction and consumer goods. The group runs four manufacturing units, two in the Loni Industrial Area of Ghaziabad plus additional plants at Mohan Nagar in Ghaziabad and at Bahadurgarh in Haryana, all located in the northern India industrial belt. It holds the largest share of India's stainless steel wire production and ranks second among domestic steel wire manufacturers by volume, based on Fiscal 2023 figures. Its distribution network reaches most Indian states and union territories, and the company also exports to markets including Bangladesh, Brazil, France, Germany, Israel, Italy, the Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States and Vietnam. Revenue and profit have grown steadily over the three years leading up to the IPO, supported by demand across the company's diversified wire product range. Management has also been investing in specialty wire products and greater automation in manufacturing, aiming to move up the value chain from commodity-grade wire toward higher-margin, technically differentiated products.

The anchor book raised about Rs 223.5 crore ahead of the issue opening, with participation from mutual fund houses including SBI, HDFC, Kotak Mahindra, Motilal Oswal, Tata and DSP, alongside investors such as Eastspring Investments, Optimix and Carmignac Portfolio, at the IPO's upper price band of Rs 256 per share.