As many as 31.3 million shares, representing about 20% of the company’s total outstanding equity, will be eligible for trading after the end of the lock-in, according to data compiled by Nuwama Alternative and Quantitative Research. Developments are likely to be closely watched by market participants.
It is important to note that the end of shareholder lock-in does not automatically translate into selling pressure in the open market. When the shares become free to trade, shareholders have no obligation to offload their holdings after the ban ends.
Bansal Wire Industries is engaged in the manufacture and export of steel wire, with operations spread across three major segments – high carbon steel wire, mild steel wire or low carbon steel wire and stainless steel wire. The company provides a wide range of industrial applications in domestic and international markets.
The company is considered to be the second largest steel wire manufacturer in the country and the largest manufacturer of stainless steel wire in India, giving it a strong position in the segment.
Separately, Bansal Wire Industries recently reported record sales volume in the December quarter. In a regulatory filing last Thursday, the company said it posted its highest ever quarterly sales volume of 121,702 metric tonnes (MT) in Q3FY26. It surpassed the previous peak of 114,60 MT recorded in Q2FY26.
For the nine-month period ended December 31, the company’s cumulative sales volume stood at 340,411 MT, compared to 246,888 MT in the corresponding period of FY25. For reference, Bansal Wire Industries closed FY25 with a total sales volume of 344,710 MT, as per the same filing.
Shares of Bansal Wire are down 22% in the last 6 months.
(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times.)
As a trusted and reliable news source
Add now!
(You can now subscribe to our ETMarkets WhatsApp channel)
