Bansal Wire Industries shares are expected to attract significant attention on Friday, January 9, as the stainless steel wire manufacturer's six-month and longer-term shareholder lock-in period comes to an end. This development will make a substantial portion of the company's equity available for trading in the open market.

Lock-in Expiry Details

The expiry will free up approximately 31.3 million shares for trading, representing nearly 20% of the company's total outstanding equity. According to Nuvama Alternative and Quantitative Research, the value of these shares is estimated at about ₹945 crore, based on Thursday's closing price.

It is important to note that the end of a shareholder lock-in does not automatically mean all eligible shares will be sold in the open market. The shares simply become available for trading, and actual selling decisions remain with individual shareholders.

Company Profile and Market Position

Bansal Wire Industries manufactures and exports steel wires across three key business segments. The company has established itself as a dominant player in India's steel wire manufacturing sector.

The company holds the distinction of being India's second largest steel wire manufacturer overall and the largest stainless steel wire manufacturer in the country. This dominant market position has enabled Bansal Wire Industries to largely maintain its margins over the years, despite experiencing significant fluctuations in raw material costs.

Shareholding Structure

According to the shareholding pattern for the September 2025 quarter, promoters held a 77.99% stake in Bansal Wire Industries. This shareholding level is marginally above the minimum public shareholding requirement of 75%, indicating a concentrated ownership structure.

Stock Performance

Shares of Bansal Wire Industries Ltd. ended Thursday's trading session 1.18% lower at ₹301.90 per share. Despite the recent decline, the stock continues to trade approximately 18% above its issue price of ₹256 per share, reflecting positive investor sentiment since its market debut.

Shares of Bansal Wire Industries are expected to be in focus heading into trade on Friday, January 9, with the expiry of the six-month and longer-tenure shareholder lock-in period for the stainless steel wire manufacturer.

Lock-in Expiry Details

As many as 31.3 million shares, representing close to 20% of the company's total outstanding equity, will become eligible for trading following the end of the lock-in period, according to data compiled by Nuvama Alternative and Quantitative Research.

It is important to note that the expiry of a shareholder lock-in does not automatically translate into selling pressure in the open market. While the shares become free to trade, there is no obligation on shareholders to offload their holdings once the restriction ends.

Company Operations and Market Position

Bansal Wire Industries is engaged in the manufacturing and export of steel wires, with operations spanning three major segments:

• High carbon steel wire
• Mild steel wire or low carbon steel wire
• Stainless steel wire

The company caters to a wide range of industrial applications across domestic and international markets. Bansal Wire Industries is considered the second-largest steel wire manufacturer in the country and the largest producer of stainless steel wire in India, giving it a strong position within the segment.

Record Sales Performance

Separately, Bansal Wire Industries recently reported record sales volumes for the December quarter. In a regulatory filing, the company achieved its highest-ever quarterly sales volume in Q3FY26.

For the nine-month period ended December 31, the company's cumulative sales volume stood at 340,411 MT, compared with 246,888 MT in the corresponding period of FY25. This represents significant growth in operational performance.

Stock Performance

Bansal Wire shares have declined 22% over the last six months, reflecting broader market conditions and sector-specific challenges. The development regarding the lock-in expiry is likely to be tracked closely by market participants as they assess potential impact on trading volumes and price movements.