Bansal Wire IPO

Incorporated in December 1985, Bansal Wire Industries Limited is a stainless steel wire manufacturing company. The company operates in three main segments: high carbon steel wire, low carbon steel wire (mild steel wire), and stainless steel wire. The company makes over 3,000 different types of steel wire products, ranging in size from very thin to very thick. They have more than 5,000 customers in different industries, which helps the company grow. To reduce risk, the company doesn't rely too much on one customer or one type of customer. They also use a pricing model that helps them deal with changes in material costs. The company has a presence across India and operates in over 50 countries through product exports, solidifying its position as a key player in the global market. The company exports products to over 50 countries. It has 14 global representatives covering Bangladesh, Brazil, France, Germany, Israel, Italy, Netherlands, South Korea, South Africa, Sri Lanka, Turkey, the United Kingdom, the United States, and Vietnam. Our export turnover has grown at a CAGR of 47.15% in the last three fiscal years. The company has four manufacturing units in Mohan Nagar, Ghaziabad, Loni Industrial Area, Ghaziabad and Bahadurgarh, Jhajjar, Haryana. Out of four units two are located in Loni Industrial Area, Ghaziabad. Since 2021, the company has established a sales team of over 50 experienced professionals to cover all regions of India and serve 5,000+ customers in various sectors.

The company proposes to use the Net Proceeds from the Issue for the following purposes: Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary; Funding the working capital requirements of the company and General corporate purposes.

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