The drawbead is used to control material flow into the die during the binder wrap process and the stamping process in the sheet metal forming process. Since the dimension of drawbead is relatively small in comparison with the typical dimensions, it is difficult to include drawbeads in finite element analysis of the sheet metal forming process. It is because the mesh system has to be fine enough to describe the drawbead and the computation time is drastically increased. In this paper, simulation of drawbead forming has been carried out to obtain the equivalent boundary conditions in the binder wrap process and the stamping process. In order to investigate the effect of various die geometries, parameter studies are performed with the variation of parameters such as the blank length, the drawbead depth, the drawbead radius, the inclination of die and the friction coefficient.