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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
03-Jul-2024
05-Jul-2024
₹ 256.00
₹ 0.00
Minimum Application for shares in Nos : 58.0
Further Multiples of : 58.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
692.94
DAM Capital Advisors Ltd
Project Financed through Current Offer
745.00
Post Issue Equity Share Capital
78.28
Issue Price
₹256.00
Projects
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