Bansal Wire Industries Limited has informed the Exchange regarding Monitoring Agency Report for the Quarter ended March 31, 2025 issued by CRISIL Ratings Limited
BANSALWIRE · price
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Bansal Wire Industries has submitted the Monitoring Agency Report for Q4 FY25, prepared by CRISIL Ratings, covering the use of IPO proceeds from its July 2024 public issue. The IPO raised Rs 7,450 million (gross), with net proceeds of Rs 6,970.53 million earmarked for four purposes: repaying company borrowings (Rs 4,526.83 million), investing in a subsidiary for its debt repayment (Rs 937.08 million), funding working capital (Rs 600 million), and general corporate purposes (Rs 906.62 million). As of March 31, 2025, Rs 7,449.32 million (99.99%) has been deployed — all major objects are fully utilised with only Rs 0.68 million remaining unutilised across both monitoring and public issue accounts. CRISIL confirmed there is no deviation from disclosed objects, no major deviation from earlier reports, and no delay in implementation. Promoters are Arun Gupta, Anita Gupta, Pranav Bansal, and Arun Kumar Gupta HUF.
This is a routine but positive compliance disclosure — it confirms IPO funds were used exactly as promised to investors, with virtually full deployment and no diversions. No material impact on the stock is expected from the report itself, though it reinforces management's track record of disciplined capital allocation.