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Excellent Wires and Packaging IPO is a fixed price issue of Rs 12.60 crores. The issue is entirely a fresh issue of 14 lakh shares.
Excellent Wires and Packaging IPO bidding started from September 11, 2024 and ended on September 13, 2024. The allotment for the Excellent Wires and Packaging IPO is expected to be finalized on Monday, September 16, 2024. Excellent Wires and Packaging IPO will list on NSE SME with tentative listing date fixed as Thursday, September 19, 2024.
Excellent Wires and Packaging IPO price is ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹288,000.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Excellent Wires and Packaging IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Excellent Wires and Packaging IPO is Inventure Growth & Securities.
Refer to Excellent Wires and Packaging IPO RHP for detailed information.
| IPO Date | September 11, 2024 to September 13, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,400,000 shares (aggregating up to ₹12.60 Cr) |
| Fresh Issue | 1,400,000 shares (aggregating up to ₹12.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,070,000 |
| Share holding post issue | 4,470,000 |
| Market Maker portion | 72,000 shares Inventure Growth & Securities |
Excellent Wires and Packaging IPO offers 14,00,000 shares. 6,64,000 (47.43%) to NII, 6,64,000 (47.43%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 72,000 (5.14%) |
| Other Shares Offered | 6,64,000 (47.43%) |
| Retail Shares Offered | 6,64,000 (47.43%) |
| Total Shares Offered | 14,00,000 (100%) |
Excellent Wires and Packaging IPO opens on September 11, 2024, and closes on September 13, 2024.
| IPO Open Date | Wednesday, September 11, 2024 |
| IPO Close Date | Friday, September 13, 2024 |
| Basis of Allotment | Monday, September 16, 2024 |
| Initiation of Refunds | Tuesday, September 17, 2024 |
| Credit of Shares to Demat | Tuesday, September 17, 2024 |
| Listing Date | Thursday, September 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 13, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
| Lot Size Calculator | |||
The promoters of the company are Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah.
| Share Holding Pre Issue | 91.90% |
| Share Holding Post Issue | 63.12% |
Incorporated in March 2021, Excellent Wires and Packaging Limited manufactures a wide range of wires and wire ropes under the brand name "Excellent", including various types such as Spring Steel Wire, High Carbon Wire, Galvanised Wire (GI Wire), and others for multiple applications.
The company's products can be categorised into the following
The company's products are supplied to various industries such as Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc.
The company has been awarded the ISO 9001:2015 Certification, an internationally recognized standard for ensuring effective quality management.
As of July 2024, the company employed 18 people in various departments.
Excellent Wires and Packaging Limited's revenue increased by 6% and profit after tax (PAT) rose by 696% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 705.08 | 324.69 | 242.63 | |||||||||||||||||||||||||||
| Revenue | 1,540.82 | 1,448.46 | 728.85 | |||||||||||||||||||||||||||
| Profit After Tax | 82.98 | 10.43 | 4.73 | |||||||||||||||||||||||||||
| Net Worth | 397.09 | 17.11 | 6.68 | |||||||||||||||||||||||||||
| Reserves and Surplus | 362.09 | 15.11 | 4.68 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Excellent Wires and Packaging IPO is Rs 40.23 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| RoNW | 20.90% |
| P/BV | 5.66 |
| PAT Margin (%) | 148.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.7 | 1.86 |
| P/E (x) | 33.3 | 48.48 |
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is engaged in the manufacturing and marketing of various types of wired. It is operating in a highly competitive and fragmented segment. It has posted average financial performance with boosted bottom lines for FY24, that raises eyebrows and concern over its sustainability. Small equity post-IPO indicates longer gestation period for migration. Based on FY24 super earnings, the issue relatively appears exorbitantly priced. There is no harm in skipping this pricey bet. Read detail review...
The Excellent Wires and Packaging IPO is subscribed 20.37 times on September 13, 2024 6:19:58 PM. The public issue subscribed 32.00 times in the retail category, times in the QIB category, and 8.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 8.75 |
| Retail | 32.00 |
| Total | 20.37 |
Total Application : 13,278 (32.00 times)
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Excellent Wires and Packaging IPO is a SME IPO of 1,400,000 equity shares of the face value of ₹10 aggregating up to ₹12.60 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600 Shares.
The IPO opens on September 11, 2024, and closes on September 13, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Excellent Wires and Packaging IPO using UPI as a payment gateway. Zerodha customers can apply in Excellent Wires and Packaging IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Excellent Wires and Packaging IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Excellent Wires and Packaging IPO opens on September 11, 2024 and closes on September 13, 2024.
Excellent Wires and Packaging IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.
You can apply in Excellent Wires and Packaging IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Excellent Wires and Packaging IPO will be done on Monday, September 16, 2024, and the allotted shares will be credited to your demat account by Tuesday, September 17, 2024. Check the Excellent Wires and Packaging IPO allotment status.
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