Excellent Wires and Packaging IPO Details: The Excellent Wires and Packaging IPO is scheduled to open on September 11, 2024, and will close on September 13, 2024. This IPO is being offered at a fixed price. The company aims to raise approximately ₹12.60 crores, consisting of a fresh issue of ₹12.60 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Excellent Wires and Packaging IPO is set at ₹90. The allocation for retail investors is 50%, while Qualified Institutional Buyers (QIB) and High Net-Worth Individuals (HNI) each have a 50% share. The IPO is expected to be listed on the NSE on September 18, 2024, with allotment scheduled for September 16, 2024.
In its financial performance, the company reported a revenue of ₹15.41 crores for 2024, up from ₹14.48 crores in 2023. Additionally, the company posted a profit of ₹0.83 crores in 2024, a significant turnaround from a loss of ₹0.10 crores in the previous year. Based on these financial results, investors might consider this IPO as a long-term investment opportunity.
Excellent Wires and Packaging IPO Objectives:
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 IPO Review (Apply or Not)
- Update soon
Excellent Wires and Packaging IPO Date & Price Band Details:
| IPO Open Date: | September 11, 2024 |
| IPO Close Date: | September 13, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 Per Share |
| Issue Size: | Approx ₹12.60 Crores, 1,400,000 Equity Shares |
| Fresh Issue: | Approx ₹12.60 Crores, 1,400,000 Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than [.]% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Excellent Wires and Packaging IPO Lot Size:
For the Excellent Wires and Packaging IPO, the minimum market lot consists of 1,600 shares, with an application amount of ₹144,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹144,000 |
| Retail Maximum | 1 | 1600 | ₹144,000 |
| HNI Minimum | 2 | 3200 | ₹288,000 |
Excellent Wires and Packaging IPO Timeline:
The Excellent Wires and Packaging IPO will open on September 11 and close on September 13. Allotment for the IPO is set to be finalized on September 16, with the listing scheduled for September 19.
| IPO Open Date: | September 11, 2024 |
| IPO Close Date: | September 13, 2024 |
| Basis of Allotment: | September 16, 2024 |
| Refunds: | September 17, 2024 |
| Credit to Demat Account: | September 17, 2024 |
| IPO Listing Date: | September 19, 2024 |
Excellent Wires and Packaging IPO GMP Today:
the Grey Market Premium (GMP) for the Excellent Wires and Packaging SME IPO is ₹0. With a price band set at ₹90.00, the estimated listing price for the IPO is ₹90 (cap price plus today’s GMP). This implies an expected percentage gain or loss of 0.00% per share.
Promoters of Excellent Wires and Packaging
The company is led by promoters Bhavya Vasant Shah, Rachit Paresh Masalia, and Darshil Hasmukh Shah.
About Excellent Wires and Packaging
Excellent Wires and Packaging specializes in manufacturing a diverse range of wires, including 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 types and sizes of Wire Ropes, both with and without PVC coating. These products are marketed under the brand name “Excellent.”
The company serves multiple industries, including Packaging, Engineering, Stationery, Imitation Jewelry, and Wires & Cables. Their product offerings are broadly categorized into Brass Wires & Products, Steel Wires & Products, and other Packaging Products.
Excellent Wires and Packaging Company Financial Report
The company reported revenue of ₹15.41 crores in 2024 against ₹14.48 crore in 2023. The company reported profit of ₹0.83 crores in 2024 against loss of ₹0.10 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹7.29 | ₹7.22 | ₹0.05 | ₹2.43 |
| 2023 | ₹14.48 | ₹14.34 | ₹0.10 | ₹3.25 |
| 2024 | ₹15.41 | ₹28.83 | ₹0.81 | ₹7.05 |
Excellent Wires and Packaging IPO Valuation – FY2024
Check Excellent Wires and Packaging IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | 146.14% |
| PAT Margin: | 5.39% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹3.32 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.90% |
| Net Asset Value (NAV): | ₹15.90 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bedmutha Ind | 6.28 | 36.59 | 16.34% | 37.38 | 8.68 Cr. |
| KEI Ind | 64.41 | 72.98 | 18.46% | 348.88 | 81.53 Cr. |
| Rajratan Global | 11.00 | 54.37 | 15.87% | 69.35 | 5.58 Cr. |
Excellent Wires and Packaging IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Managers aka Merchant Bankers
- Inventure Merchant Banker Services Pvt Ltd
Company Address
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/
Excellent Wires and Packaging IPO FAQs
1. What are the dates for the Excellent Wires and Packaging IPO?
The IPO opens on September 11, 2024, and closes on September 13, 2024. The allotment will be finalized on September 16, 2024, and the listing is scheduled for September 19, 2024.
2. What is the issue price of the Excellent Wires and Packaging IPO?
The issue price is set at ₹90 per share.
3. What is the minimum application amount for the IPO?
The minimum market lot is 1,600 shares, requiring an application amount of ₹144,000.
4. How much is the Grey Market Premium (GMP) for this IPO?
As of September 2, 2024, the GMP is ₹0, indicating no premium over the issue price.
5. What is the estimated listing price for the Excellent Wires and Packaging IPO?
With a GMP of ₹0 and a cap price of ₹90.00, the estimated listing price is ₹90.00.
6. What percentage gain or loss is expected per share?
The expected percentage gain or loss per share is 0.00%.
7. Who are the promoters of Excellent Wires and Packaging?
The company is promoted by Bhavya Vasant Shah, Rachit Paresh Masalia, and Darshil Hasmukh Shah.
8. What products does Excellent Wires and Packaging manufacture?
The company manufactures a variety of wires, including Spring Steel Wire, High Carbon Wire, Galvanised Wire, Round and Flat Stitching Wire, Mild Steel and Low Carbon Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires, and Wire Ropes. These products are offered with or without PVC coating.
9. Which industries does Excellent Wires and Packaging cater to?
The company serves industries such as Packaging, Engineering, Stationery, Imitation Jewelry, and Wires & Cables.
10. What are the broad categories of products offered by the company?
Excellent Wires and Packaging offers products in the following categories: Brass Wires & Products, Steel Wires & Products, and other Packaging Products.
