10 Jul 2024


Trilegal advised the book-running lead managers on the initial public offering (“IPO”) by Bansal Wire Industries Limited (“Company”) aggregating up to INR 7,450 million.
The Company along with its subsidiary is the largest stainless steel wire manufacturing company. The Company offers over 3,000 SKUs in high carbon steel wire, mild steel wire and stainless-steel wire segments. The Company proposes to utilise the issue proceeds for repayment of debt and working capital requirements.
The syndicate of book running lead managers comprised SBI Capital Markets Limited and DAM Capital Advisors Limited.
The issue was subscribed 59.57 times, and the equity shares were listed at a premium of ~39% to the issue price, witnessing a strong market debut.
The Trilegal team was led by Partner, Richa Choudhary, and comprised Counsel, Avanti Kale and Maitreya Rajurkar, and Associates, Aayush Khandelwal, Shivayana Balodia and Urmil Shah.
About Trilegal
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.
For more information, please contact:
Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com

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