Bansal Wire Industries Ltd - IPO

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