Excellent Wires and Packaging IPO will open for subscription from 11 September 2024. The company aims for an issue size of ₹12.60 Cr through this IPO.
Company Overview
| Full name | Excellent Wires and Packaging Limited |
| Sector | Iron & Steel |
| Industry | Steel & Iron Products |
| Company Website | https://www.excellentwiresandpackaging.com/ |
About Company
Excellent Wires is a manufacturer of high-quality wire products and packaging solutions. Its product portfolio includes an array of wires, such as Mild Steel Wires (including Annealed, H.B., and H.H.B. variants), Spring Steel Wires, Galvanized Wires (GI Wires), Round Stitching Wires, Spiral Binding Wires, Stainless Steel Wire, Brass Wires, Copper Wires, and Wire Ropes crafted from premium-grade high carbon or stainless steel wire, optionally coated with PVC for enhanced durability and versatility. The company also supplies packaging products such as PP Strapping Rolls and BOPP Self-Adhesive Tapes. Both these categories of products are sold under the ‘Excellent’ brand name.
The company leased a property in Panvel starting from 1st May 2022 including machinery with an installed capacity of 360 MTPA. However, it vacated the property in 2024 and rented a new property next to its original unit in Palghar, Maharashtra. Following the move, the company’s installed capacity at Palghar Unit is 880 MTPA. As of 31 July 2024, Excellent Wires employed 18 full-time employees.
The Objectives of the Issue
- Acquisition of Land and construction of Building
- Acquisition of Plant & Machineries
- Funding additional Working capital requirements; and
- General Corporate Purposes
Excellent Wires and Packaging IPO Timetable
| IPO Opening date | 11 September 2024 |
| IPO Closing | 13 September 2024 |
| Basis of Allotment | 16 September 2024 |
| Initiation Refund | 17 September 2024 |
| Credit to Demat Account | 17 September 2024 |
| Listing Date | 19 September 2024 |
Excellent Wires and Packaging IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹12.60 Cr – 1,400,000 shares |
| Fresh Issue | ₹12.60 Cr – 1,400,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹90 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 72,000 shares |
| Shareholding pre-issue | 3,070,000 |
| Shareholding post-issue | 4,470,000 |
| Listing Exchange | NSE SME |
Excellent Wires and Packaging IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
Excellent Wires and Packaging IPO Documents
Excellent Wires and Packaging IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Excellent Wires and Packaging Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 7.29 | 14.48 | 15.41 |
| Expenses | 7.22 | 14.34 | 14.28 |
| Net income | 4.73 | 10.43 | 82.98 |
Excellent Wires and Packaging Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.27 | 0.42 | 3.32 |
| PE ratio | – | – | 27.11 |
| RONW (%) | 70.81 | 60.96 | 20.90 |
| NAV | 0.27 | 0.69 | 15.90 |
| EBITDA (%) | 2.27 | 2.89 | 9.48 |
Company Promoters
- Bhavya Vasant Shah
- Rachit Paresh Masalia
- Darshil Hasmukh Shah
Promoter Holding
| Pre Issue Share Holding | 91.90% |
| Post Issue Share Holding | 63.12% |
Excellent Wires and Packaging Offer GMP Update
Coming Soon
Excellent Wires and Packaging IPO Subscription Update
Coming Soon
Excellent Wires and Packaging IPO Allotment Status
Excellent Wires IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Excellent Wires and Packaging IPO Listing Details
| Listing Date | 19 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
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Excellent Wires and Packaging IPO Lead Manager(s)
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 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 Contact Details
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
Excellent Wires and Packaging IPO FAQs
What is Excellent Wires offer size?
Excellent Wires offer size is ₹ 12.6 crores.
What is Excellent Wires offer price band?
Excellent Wires public offer price is ₹ 90 per share.
What is the lot size of Excellent Wires IPO?
Excellent Wires offer lot size is 1,600 shares.
What is Excellent Wires IPO GMP today?
Excellent Wires IPO GMP today is ₹ NA per share.
What is Excellent Wires kostak rate today?
Excellent Wires kostak rate today is ₹ NA per application.
What is Excellent Wires IPO Subject to Sauda rate today?
Excellent Wires’ Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Excellent Wires and Packaging IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
