The Excellent Wires and Packaging IPO opens on September 11, 2024, and closes on September 13, 2024. With a fixed price band of ₹90, it aims to raise ₹12.60 crores. The shares will list on the NSE on September 18, 2024, with allotment on September 16, 2024. The company reported a revenue of ₹15.41 crores and a profit of ₹0.83 crores in 2024, suggesting a positive outlook for long-term investors.
Table of contents
- Excellent Wires and Packaging IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- Objective of the Issue
- Company Promoters
- Excellent Wires and Packaging IPO GMP (Grey Market Premium)
- Excellent Wires and Packaging IPO Application Form PDF
- Excellent Wires and Packaging IPO Subscription Status
- Excellent Wires and Packaging IPO Allotment Status
- IPO Review
- Excellent Wires and Packaging IPO Registrar
- Excellent Wires and Packaging IPO Lead Manager
- Excellent Wires and Packaging IPO Contact
- FAQs
Excellent Wires and Packaging IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Excellent Wires and Packaging Limited |
| Industry | Manufacturer of Wire and Dealer in Package |
| IPO Issue Type | Fixed Price Issue |
| Open Date | September 11, 2024 |
| Close Date | September 13, 2024 |
| Total Issue Size | ₹12.60 Crores (1,400,000 Equity Shares ) |
| Face Value | ₹10 per share |
| Fresh Issue | ₹12.60 Crores (1,400,000 Equity Shares ) |
| Price Band | ₹90 per share |
| Listing on | NSE SME |
| Lot Size | 1600 Shares |
| Offer for Sale | N/A |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | N/A |
| Shares Offered to HNI | 50% |
Company Details
Incorporated in March 2021, Excellent Wires and Packaging Limited manufactures a diverse range of wires and wire ropes under the brand name “Excellent.” Specifically, their product offerings include Spring Steel Wire, High Carbon Wire, Galvanised Wire (GI Wire), Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires, and various sizes of Wire Ropes, with or without PVC Coating.
Moreover, the company categorizes its products into:
- Brass Wires & Products
- Steel Wires & Products
- Other Products, such as Packaging Products
Additionally, Excellent Wires and Packaging supplies to various industries, including Packaging, Engineering, Stationery, Imitation Jewelry, and Wires & Cable. Furthermore, they hold the ISO 9001:2015 Certification, which is an internationally recognized standard for effective quality management.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 11, 2024 |
| IPO Close Date | September 13, 2024 |
| Basis of Allotment | September 16, 2024 |
| Refunds | September 17, 2024 |
| Credit to Demat Account | September 17, 2024 |
| IPO Listing Date | September 19, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹7.05 | ₹3.24 | ₹2.42 |
| Revenue | ₹15.40 | ₹14.48 | ₹7.28 |
| Profit After Tax | ₹0.82 | ₹0.10 | ₹0.04 |
| Net Worth | ₹3.97 | ₹0.17 | ₹0.06 |
| Reserves and Surplus | ₹3.62 | ₹0.15 | ₹0.04 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3200 | ₹288,000 |
Objective of the Issue
- Acquisition of land and construction of a building
- Furthermore, the acquisition of plant and machinery
- Additionally, funding for additional working capital requirements
- Lastly, general corporate purposes
Company Promoters
- Mrs. Bhavya Vasant Shah
- Mr. Rachit Paresh Masalia
- Mr. Darshil Hasmukh Shah
Excellent Wires and Packaging IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Excellent Wires and Packaging IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Excellent Wires and Packaging Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Excellent Wires and Packaging IPO Application Form PDF
To download the Excellent Wires and Packaging IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Excellent Wires and Packaging IPO Subscription Status
This IPO subscription kicks off on August 27, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Excellent Wires and Packaging IPO Allotment Status
To check the Excellent Wires and Packaging IPO allotment status go to the IPO registrar website Bigshare service or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company benefits from an experienced promoter and management team with substantial industry expertise.
- Additionally, it has built an established reputation and maintains strong customer relationships.
- Furthermore, the company boasts a diversified product portfolio that captures various market opportunities.
- Moreover, it is dedicated to continuous improvement in operations to enhance overall efficiency.
Risks:
- We plan to use part of our net proceeds for acquiring land, constructing a building, and purchasing machinery for our Wada facility; however, any delays could impact our growth and financial condition.
- Moreover, failure to execute our growth strategy or select appropriate locations for new facilities might adversely affect our operations and financial health.
- Additionally, without long-term contracts and relying on purchase orders, we are vulnerable to revenue and profitability losses if we lose customers.
- Furthermore, volatility in raw material costs, which constitute a significant part of our expenses, could negatively impact our financial condition and operations.
- Lastly, improper handling of materials, dependency on a few vendors, and the early stage of our project could all adversely affect our business and financial outcomes.
Excellent Wires and Packaging IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Excellent Wires and Packaging IPO Lead Manager
INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069
Phone:+91 22 4075 1500
Email: sme.ipo@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
Excellent Wires and Packaging IPO Contact
EXCELLENT WIRES AND PACKAGING LIMITED
Unit No. 12,13,113 Bldg 2 S. No. 54,
Jay Chamundeshwari Industrial Complex, Naikpada,
Vasai, Palghar, Maharashtra, 401208
Phone: +91 98202 85767
E-mail: info@excellentwiresandpackaging.com
Website: www.excellentwiresandpackaging.com
FAQs
The offer size for Excellent Wires is ₹12.6 crores.
In addition, the offer price for Excellent Wires is ₹90 per share.
Moreover, the lot size for the Excellent Wires IPO is 1,600 shares.
Currently, the GMP for the Excellent Wires IPO stands at INR NA per share.
Furthermore, the kostak rate for the Excellent Wires IPO is INR NA per application.
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