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SBICAPS leads the way with a Blockbuster ₹ 745 Cr IPO of Bansal Wire Industries Limited as a “Left-Lead Bookrunner”

Bansal Wire, along with their Subsidiary, Bansal Steel & Power Limited, offer one of India’s most extensive steel
wire product portfolios, encompassing over 3,000 SKUs.

2024

SBICAPS-Investec Value Add

  • Handheld and gudied the company throughout its IPO journey, ensuring seamless closure
  • Generated early commitment from Long-Only Investors, including EastSpring, SBI Life, DSP MF, HSBC MF, and Neuberger Berman, amon others
  • Extensively marketed the deal and secured a significant position in the Anchor Book

CLIENT TESTIMONIAL

As the left lead banker, SBICAPS was with us all through, advised us on various aspects of IPO
and guided us seamlessly through the entire process. The quality of analyst and his deep
involvement helped us in conveying the Bansal Wire story to the investors across geographies
and build strong investor interest. We look forward to a continued partnership with SBICAPS. – Arun Gupta (Chairman & WTD), Pranav Bansal (MD & CEO)

Company Highlights

  • Bansal Wire is a leading stainless-steel wire company with a market share of 20% as of March 31, 2023, in India.
  • Bansal Wire, along with their Subsidiary, Bansal Steel & Power Limited, offer one of India’s most extensive steel
    wire product portfolios, encompassing over 3,000 SKUs.

Deal Summary

Issue Size `745 Cr
Issue Price `256
Issue Period July 03 – 05, 2024

Subscription Details

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NII 54.9 times
Retail 14.6 times

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