Excellent Wires and Packaging IPO subscription status started on September 11, 2024, and closed on September 13, 2024. The company aims to raise approximately ₹12.60 crore via this IPO. The retail quota is 50%, and NII is 50%. The price band is fixed at ₹90 per equity share.
The IPO consists of a minimum market lot of 1600 Shares requiring an application amount of ₹1,44,000. Excellent Wires and Packaging IPO is an SME IPO that will be listed on the NSE.
Table of contents
IPO Overview
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.
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We advise investors to consider applying for an IPO with a Avoid. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Excellent Wires and Packaging IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.30 | 0.78 | 8.75 |
| RII | 2.25 | 6.12 | 32.00 |
| Total | 1.27 | 3.45 | 20.37 |
IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Excellent Wires and Packaging
- Avoid
Excellent Wires and Packaging IPO Form
To apply for the Excellent Wires and Packaging IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 11, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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