Excellent Wires and Packaging IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 90 – 90
Lot Size
1600
Issue Size
₹12.6 Cr
Minimum Investment
₹288000 (3200 Shares)
Listing Date
19 September 2024
Subscription
-
About the Company
Excellent Wires and Packaging Limited 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 at 880 MTPA.
Peer Details
The companies considered by Excellent Wires and Packaging as its peers include:
- Bedmutha Industries Limited
- KEI Industries Limited
- Rajratan Global Wire Limited
Promoters
The promoters of the company are
- Bhavya Vasant Shah
- Rachit Paresh Masalia
- Darshil Hasmukh Shah
Promoters Holding
Holding Pre Issue
91.90%
Holding Post Issue
63.12%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Acquisition of Land and construction of Building
- Acquisition of Plant & Machineries
- Funding additional Working capital requirements; and
- General Corporate Purposes
Address / Contact Info
Excellent Wires and Packaging Limited
Gala No. 1, Jyoti Industrial Estate
Vevoor Village, Ganesh Nagar, Palghar - E,
Thane, Palghar-401404
Phone: +91 98202 85767
Email: info@excellentwiresandpackaging.com
Website: https://www.excellentwiresandpackaging.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 11 September 2024
IPO Close Date
Friday, 13 September 2024
Basis of Allotment
Monday, 16 September 2024
Initiation of Refunds
Tuesday, 17 September 2024
Credit of Shares to Demat
Tuesday, 17 September 2024
Listing Date
Thursday, 19 September 2024 — NSE & BSE
Important Dates
Open Date
11 September 2024
Close Date
13 September 2024
Basis Of Allotment
16 September 2024
Listing Date
19 September 2024
Financial Performance (₹ in Crores)
| Particular | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Assets | 705.08 | 324.69 | 242.63 |
| Revenue | 1540.82 | 1448.46 | 728.85 |
| Profit After Tax | 82.98 | 10.43 | 4.73 |
| Net Worth | 397.09 | 17.11 | 6.68 |
| Reserve & Surplus | 362.09 | 15.11 | 4.68 |
| Total Borrowings | 223.89 | 224.69 | 109.02 |
EPS Pre
2.16%
EPS Post
1.58%
P/E Pre
41.60
P/E (Post Issue)
56.78x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 0 |
| RoNW % | 20.9 |
| PbW | 5.66 |
| Pat Margin % | 5.39 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 0 | 0 | 0 |
| Market Maker | 72000 | 5.14 | 0 |
| Others | 664000 | 47.43 | 0 |
| Retail Investors | 664000 | 47.43 | 0 |
| Total | 1400000 | 100 | 0 |
Subscription Status ( Wed, 28 Aug 24 12:05 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 0 | 692800 | 0x |
| Retail Investors | 0 | 5116800 | 0x |
| Total | 0 | 5809600 | 0x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 144,000.00 |
| Retail (Max) | 1 | 1,600 | 144,000.00 |
| S-HNI (Min) | 2 | 3,200 | 288,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Inventure Merchant Banker Services Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Excellent Wires and Packaging IPO is a Fixed price IPO worth ₹12.6 crores. The price band is ₹90 to 90 per share. The IPO opens on Wed, Sep 11, 2024 and closes on Fri, Sep 13, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Excellent Wires and Packaging IPO opens on Wed, Sep 11, 2024 and closes on Fri, Sep 13, 2024
Excellent Wires and Packaging IPO Price Band is ₹90 to 90.
Excellent Wires and Packaging IPO lot size is 1600, and the minimum amount required for application is ₹288000.
The minimum investment for Excellent Wires and Packaging IPO is approximately ₹288000 based on the upper price band.
To apply for the Excellent Wires and Packaging IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 13, 2024. After submission, funds are blocked until the basis of allotment of Excellent Wires and Packaging IPO is finalised.
Excellent Wires and Packaging IPO issue size is ₹12.6 crores.
Excellent Wires and Packaging IPO allotment date is Sat, Jun 27, 2026.
The registrar for Excellent Wires and Packaging IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Excellent Wires and Packaging IPO through their official website or helpline.
The Excellent Wires and Packaging IPO GMP (Grey Market Premium) is ₹0 as of Thu, Sep 19, 2024. Based on the upper price band of ₹90 per share, the estimated Excellent Wires and Packaging IPO listing price is ₹90, indicating a potential listing gain of approximately 31% over the issue price.