THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE. PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE. PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA. INITIAL PUBLIC OFFERING OF EQUITY SHARES ON THE MAIN BOARD OF THE BSE LIMITED ("BSE") AND NATIONAL STOCK EXCHANGE OF INDIA LIMITED ("NSE'. AND TOGETHER WITH BSE. THE STOCK EXCHANGES') INCOMPLIANCE WITH CHAPTER II OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS. 2018. AS AMENDED ("SEBIICDR REGULATIONS).

Our Company was originally incorporated as a private limited company under tie name of "Bansal Wre Industries Private Limited" on December 11,1985, under the Companies Act 1956, pursuant to a certificate of incorporation issued by the RoC. Thereafter, our Company was converted nto a public limited company pursuant to a resolution passed by our Board at its meeting held on September 5,1995 and a special resolution passed by our Shareholders at their annual general meeting held on September 29,1995, and the name of our Company was changed to "Bansal Wre Industries Limited", and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited Company was issued by the RoC on November 13,1995. For further detais of change r tie name of our Company and fie Registered Office, see 'History and Certain Corporate MaBers" on page 231 of tie Prospectus.

Our Company has filed the Prospectus with the RoC and the Equity Shares (as defined below) are proposed to be listed on the Main Board of BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE", and together with BSE, the " Stock Exchange"), and the trading will commence on Wednesday, July 10,2024.

THE FACE VALUE OF THE EQUITY SHARE IS 75 EACH. THE ISSUE PRICE IS 51.20 TIMES THE FACE VALUE OF THE EQUITY SHARES.

3) Substantial working capital requirements: For past three fiscals, i.e., Fiscal 2024, 2023 and 2022, we have working capital requirements of 7 2,049.26 million, 7 2,847.72 million and 7 2,109.88 million and may require additional financing to meet the working capital requirements. Substantial increase in our working capital requirements or our inability to obtain financing at favorable terms could have a material adverse effect on our results of operations, cash flows and financial condition.

4) Risk in relation to raw material costs: Our operations are dependent upon the price and availability of the raw material that is required for the production of steel and stainless steel wires. The following table sets forth the details of our total cost of materials for the periods indicated:

6) Dependence on steel wires market: We derive most of our revenue from operations from the manufacture and sales of steel wires. Our revenue from operations for Fiscals 2024, 2023 and 2022 constituted as follows:

(Amount in Rs. million)

12) Inability to maintain our distribution network in India: Our Company has a presence in both, domestic and international markets and are exporting our products in several countries. We engage in sale of our products in India and abroad through a network of dealers. The details of revenue contribution from our dealers in the Fiscals 2024,2023 and 2022 is set forth below:

13) Weighted Average Cost of Acquisition of all shares transacted in the last three years, 18 months and one year

14) The 2 BRLMs associated with the Offer have handled 45 public issues in the past three financial years, out of which 18 issues closed below the Offer price on listing date:

*Issues handled where there were no common BRLMs.

This Issue was made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR"), read with Regulation 31 of the SEBI ICDR Regulations. The Issue was made through the Book Building Process in terms of Regulation 6(1) of the SEBI ICDR Regulations, wherein in terms of Regulation 32(1) of the SEBI ICDR Regulations, not more than 50% of the Issue was made available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", and such portion, the "QIB Portion") provided that our Company in consultation with the BRLMs, allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which at least one-third was made available for allocation to domestic Mutual Funds, subject to valid Bids having been received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further, 5% of the Net QIB Portion was made available for allocation on a proportionate basis only to Mutual Funds and the remainder of the Net QIB Portion was made available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors) including Mutual Funds, subject to valid Bids having been received at or above the Issue Price. However, if the aggregate demand from Mutual

Funds was less than 5% of the QIB Portion, the balance Equity Shares made available for allocation in the Mutual Fund Portion was added to the remaining QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Issue was made available for allocation to Non-lnstitutional Bidders out of which (a) one-third of such portion was reserved for applicants with application size of more than Rs.200,000 and up to T1,000,000; and (b) two-third of such portion was reserved for applicants with application size of more than Rs.1,000,000 and not less than 35% of the Issue was made available for allocation to Retail Individual Bidders ("RIBs") in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received from them at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatory utilise the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) (as defined hereinafter) in which the Bid amount was blocked by the SCSBs or the Sponsor Banks, as applicable, to participate in the Issue. Anchor Investors were not permitted to participate in the Anchor Investor Portion of the Issue through the ASBA process. For details, see "Issue Procedure" on page 430 Prospectus.

The Bidding for Anchor Investors opened and closed on Tuesday, July 2,2024. The Company received 18 applications from 15 Anchor Investors for 8,730,566 Equity Shares. The Anchor Investor Issue Price was finalized at Rs.256 per Equity Share. A total of 8,730,468 Equity Shares were allocated under the Anchor Investor Portion aggregating to ^2,234,999,808.

The Issue received 2,149,784 applications for 1,290,157,916 Equity Shares (including applications from Anchor Investors and prior to rejections considering only valid bids) resulting in 44.33 times subscription. The details of the applications received in the Issue from various categories (including Anchor Investors) are as under (before rejections):

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/l ssue Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on Monday, July 8,2024.

A. Allotment to Retail Individual Investors (after rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Investors, who have bid at the Cut-Off Price or at the Issue Price of T256 per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 14.1582 times (after rejections). The total number of Equity Shares Allotted in Retail Portion is 10,185,547 Equity Shares to 175,612 successful Retail Individual Investors. The category-wise details of the Basis of Allotment are as under:

Please Note: 1 additional Share shall be allotted to 51 Allottees from amongst 14,282 Successful Applicants from the categories 116 - 754 (I.e. excluding successful applicants from Category 58) in the ratio of 51 :14282

B. Allotment to Non-lnstitutional Investors (More than Rs.200,000 and up to Rs.1,000,000) (after rejections)

The Basis of Allotment to the Non-lnstitutional Investors (More than Rs.200,000 and up to Rs.1,000,000), who have bid at the Issue Price of T256 per Equity Share was finalized in consultation with NSE. The sub-category of the Non-lnstitutional Portion comprising Non-lnstitutional Investors Bidding (More than Rs.200,000 and up to Rs.1,000,000) has been subscribed to the extent of 52.1215 times (after rejections). The total number of Equity Shares Allotted in this category is 1,455,078 Equity Shares to 1,791 successful Non- Institutional Investors. The category-wise details of the Basis of Allotment are as under:

Please Note : 6 additional Shares shall be allotted to 114 Successful Allottees from Serial No. 2 to 54 (I.e.excluding successful applicants from Category 812) in the ratio of 1:1

Please Note: 1 additional Shares shall be allotted to 102 Allottees from amongst 114 Successful Allottees from Serial No. 2 to 54 (I.e.excluding successful applicants from Category 812) in the ratio of 51 : 57

C. Allotment to Non-lnstitutional Investors (More than Rs. 1,000,000)

The Basis of Allotment to the Non-lnstitutional Investors (More than Rs.1,000,000), who have bid at the Issue Price of T256 Equity Share was finalized in consultation with the NSE. The sub-category of the Non-lnstitutional Portion comprising Non-lnstitutional Investors Bidding above Rs.1,000,000 has been subscribed to the extent of 55.1856 times (after rejections). The total number of Equity Shares Allotted in this category is 2,910,157 Equity Shares to 3,583 successful applicants Non-lnstitutional Investors.

The category-wise details of the Basis of Allotment are as under (Sample):

Please Note: 1 (One) lot of 812 shares have been allotted 2 Applicants from amongst all the Applicants from Serial No. 158 to 169 in the ratio of 1 :24 (All these categories

have been moved at the end for easy reference)

Please Note: 1 additional Share shall be allotted to 761 Allottees from amongst 3583 Successful Applicants from all the categories in the ratio of 24 :113

D. Allotment to QIBs (Excluding Anchor Investors) (after rejections)

Allotment to QIBs (excluding Anchor Investors), who have Bid at the Issue Price of T256 per Equity Share has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 153.5170 times of Net QIB Portion. As per the SEBI ICDR Regulations, Mutual Funds were Allotted 5% of the Equity Shares of Net QIB Portion available i.e. 291,016 Equity Shares and other QIBs including Mutual Funds were Allotted the remaining available Equity Shares i.e. 5,529,296 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the Net QIB Portion is 5,820,312 Equity Shares, which were allotted to 115 successful QIB Bidders. The category- wise details of the Basis of Allotment are as under.

E. Allotment to Anchor Investors

The Company, in consultation with the BRLMs has allotted 8,730,468 Equity Shares to 15 Anchor Investors (through 18 Anchor Investor Application Forms, including 9 domestic Mutual Funds through 12 Mutual Fund schemes) at an Anchor Investor Issue Price of T256 per Equity Share in accordance with the SEBI ICDR Regulations. This represents 60% of total QIB portion.

The IPO Committee of the Board of Directors in its meeting held on July 8, 2024 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and allotment resolution was passed on July 8, 2024. The Allotment Advice-cum-Unblocking intimations have been dispatched to the email id of the Investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Issue Account have been issued on July 8,2024 and payments to non-Syndicate brokers have been issued on July 8,2024. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on July 9, 2024 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company filed the Listing application with NSE and BSE on July 9,2024. The Company has received listing and trading approval from NSE and BSE and the trading will commence on July 10,2024.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the Allotment made will be hosted on the website of the Registrar to the Issue, KFin Technologies Limited at www.kfintech.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Bidder, Bid cum Application Form number,

Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

Address: KFin Technologies Limited

(formerly known as KFin Technologies Private Limited)

Selenium, Tower B, Plot No. 31 and 32, Gachibowli, Financial District

Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana, India

Tel: +91 40 6716 2222, E-mail: bwil.ipo@kfintech.com

Investor grievance e-mail: einward.ris@kfintech.com

Website: www.kfintech.com

Contact Person: M. Murali Krishna

SEBI Registration No.: INR000000221

Bansal Wire Industries Limited has filed a Prospectus dated Friday, July 5, 2024 ("Prospectus") with the Registrar of Companies("RoC"). The Prospectus is available on the website of the Company at www.bansalwire.com, SEBI at www.sebi.gov.in, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com and the respective website of the book running lead managers to the Issue, SBI Capital Markets Limited at www.sbicaps.com and DAM Capital Advisors Limited at www.damcapital.in. Investors should note that investment in equity shares involves a high degree of risk. For details, refer to the Prospectus filed with the RoC, including the section titled "Risk Factors" on page 34 of the Prospectus.

This announcement does not constitute an offer of Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares offered in the Issue may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933 or an exemption from registration. Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares offered in the Issue are not being offered or sold in the United States.