Excellent Wires and Packaging IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 11 Sep 2024
Close Date
Fri, 13 Sep 2024
Issue Price
₹ 90
Lot Size
1600
Issue Size
₹ 12.60 Cr
Minimum Investment
₹ 288,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Excellent Wires and Packaging IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹12.60 Crore, comprising a fresh issue of 14.00 Lakh equity shares aggregating to ₹12.60 Crore.
The Excellent Wires and Packaging IPO remained open for subscription from September 11, 2024, to September 13, 2024. The basis of allotment was finalized on September 16, 2024, and the company's shares were listed on NSE SME Platform on September 19, 2024.
The company had fixed the price at ₹90 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹288,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Inventure Merchant Banker Services Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Excellent Wires and Packaging Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Excellent Wires and Packaging IPO Timeline (Tentative)
- IPO Open Date
- Wed, 11 Sep 24
- IPO Close Date
- Fri, 13 Sep 24
- Basis of Allotment
- Mon, 16 Sep 24
- Initiation of Refunds
- Tue, 17 Sep 24
- Credit of Shares to Demat
- Tue, 17 Sep 24
- Listing Date
- Thu, 19 Sep 24 — NSE & BSE
Open Date
11 September 2024
Close Date
13 September 2024
Basis Of Allotment
16 September 2024
Listing Date
19 September 2024
IPO Subscription
Check Live Subscription →The Excellent Wires and Packaging IPO has received bids for 58,09,600 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, and QIBs 0x.
QIB
0x
NII
0x
RII
0x
Total
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,64,000 shares, representing 47.43% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 0 shares (%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 0 | 0% |
| Market Maker | 72,000 | 5.14% |
| Others | 664,000 | 47.43% |
| Retail Investors | 664,000 | 47.43% |
| Total | 1,400,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Excellent Wires and Packaging Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| RoNW % | 20.9 |
| PbW | 5.66 |
| Pat Margin % | 5.39 |
Peers Comparison
No Peer Comparision Available
About Excellent Wires and Packaging Limited
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
Excellent Wires and Packaging IPO 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%
Excellent Wires and Packaging IPO Objective
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
Excellent Wires and Packaging Limited Address / Contact Details
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
Excellent Wires and Packaging IPO Lot Size
The Excellent Wires and Packaging IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,44,000 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,44,000.
| 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 |
Issue Reservation
- Anchor Investors — 0%
- Market Maker — 5.14%
- Others — 47.43%
- RII — 47.43%
Book Running Lead Managers
- Inventure Merchant Banker Services Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Excellent Wires and Packaging IPO?
Excellent Wires and Packaging IPO is a Fixed price IPO with a total issue size of ₹12.6 crore. The Excellent Wires and Packaging IPO price band is ₹90 to 90 per share. The Excellent Wires and Packaging IPO subscription opens on Wed, Sep 11, 2024, and closes on Fri, Sep 13, 2024. The Excellent Wires and Packaging IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Excellent Wires and Packaging IPO.
When will the Excellent Wires and Packaging IPO open for subscription?
The Excellent Wires and Packaging IPO opens on Wed, Sep 11, 2024 and closes on Fri, Sep 13, 2024
What is Excellent Wires and Packaging IPO Price Band?
Excellent Wires and Packaging IPO Price Band is ₹90 to 90 per share.
What is Excellent Wires and Packaging IPO Lot Size?
Excellent Wires and Packaging IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
What is the minimum investment for Excellent Wires and Packaging IPO?
The minimum investment for Excellent Wires and Packaging IPO is ₹288000, based on one lot of 1600 shares at the upper price band of ₹90 per share.
How to apply for Excellent Wires and Packaging IPO?
Investors can apply for the Excellent Wires and Packaging IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 13, 2024. The application amount remains blocked until the Excellent Wires and Packaging IPO allotment is finalized.
What is Excellent Wires and Packaging IPO Issue Size?
Excellent Wires and Packaging IPO issue size is ₹12.6 crores.
What is the Excellent Wires and Packaging IPO Allotment Date?
Excellent Wires and Packaging IPO allotment date is Mon, Sep 16, 2024.
Who is the Excellent Wires and Packaging IPO Registrar?
The registrar for Excellent Wires and Packaging IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Excellent Wires and Packaging IPO allotment status, refund processing, and other IPO-related information.
What is the Excellent Wires and Packaging IPO GMP?
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 0.00% over the issue price.
Who is the Excellent Wires and Packaging IPO Lead Manager?
The book-running lead managers (BRLMs) for the Excellent Wires and Packaging IPO are Inventure Merchant Banker Services Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Excellent Wires and Packaging IPO Red Herring Prospectus (RHP).