Excellent Wires and Packaging IPO Details
The Excellent Wires and Packaging IPO is a fixed price issue with a total issue size of ₹12.6 cr, comprising of fresh issue of 1400000 equity shares. Excellent Wires and Packaging IPO opened for subscription on Sep 11, 2024 and closed on Sep 13, 2024. Excellent Wires and Packaging IPO has set the price at ₹90 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹288,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 16, 2024, and listed on the NSE on Sep 19, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Inventure Merchant Banker Services Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Excellent Wires and Packaging IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 90 – 90
- Lot Size
- 1600
- Issue Size
- ₹12.6 Cr
- Minimum Investment
- ₹288000 (3200 Shares)
- Listing Date
- 19 September 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Inventure Merchant Banker Services Pvt Ltd
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 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.
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 per share.
Excellent Wires and Packaging IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
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.
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.
Excellent Wires and Packaging IPO issue size is ₹12.6 crores.
Excellent Wires and Packaging IPO allotment date is Wed, Jul 1, 2026.
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.
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% over the issue price.