Bansal Wire Industries Limited — Others, 25-07-2025: Monitoring Agency Report

Bansal Wire Industries has released its final Monitoring Agency Report from CRISIL Ratings, confirming that all proceeds from its Rs 745.00 Cr Initial Public Offer have been fully utilized. The funds were primarily used for the repayment of Rs 452.68 Cr in company borrowings, Rs 93.71 Cr for subsidiary debt, and Rs 60.00 Cr to meet working capital requirements. The remaining amounts were allocated towards general corporate purposes and issue expenses, with no reported deviation from the original plan. This marks the completion of fund deployment as per the IPO objectives.