Excellent Wires And Packaging IPO Details
| IPO Size | 12.60 |
| Price Range | ₹90 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1600 |
| Investment (cut-off price) | ₹144,000 |
| Pre IPO Promotor Holding | 91.90% |
| Post IPO Promotor Holding | 63.12% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Excellent Wires And Packaging IPO Timelines
11/09/2024
Start Date13/09/2024
End Date17/09/2024
Refund Initiation17/09/2024
Credit of Shares to Demat Ac19/09/2024
Listing DateExcellent Wires And Packaging IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹144,000 |
| Retail Maximum | 1 | 1600 | ₹144,000 |
| HNI Minimum | 2 | 3198 | ₹288,000 |
Excellent Wires And Packaging IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 8.86 x | 32.00 x | -- | 20.43 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹85 | ₹82 | ₹89.25 | ₹80.75 |
Excellent Wires And Packaging IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹7.29 | ₹7.22 | ₹0.05 |
| FY 2023 | ₹14.48 | ₹14.34 | ₹0.10 |
| FY 2024 | ₹15.41 | ₹28.83 | ₹0.81 |
About Company
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: (1) Brass Wires & Products, (2) Steel Wires & Products and (3) Other Products viz. Packaging Products. The company sells its products to B2B customers, and all its sales are from B2B customers in India.
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.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2021 | Steel | Rachit Masalia |
Know Before Investing
Excellent Wires And Packaging IPO Strengths
- Excellent Wires and Packaging has diversified its product offerings to cater to broader customer needs.
- The company currently has 880 MTPA installed capacity and plans to purchase new plant and machinery to add 1,310 MTPA installed capacity.
- The company plans to extend its presence to customers in the Gujarat region to serve a wider customer base and capitalise on new opportunities.
Excellent Wires And Packaging IPO Risks
- The company’s total debts are increasing on a YoY basis, which can be a concern, affecting financial stability and potentially increasing risk.
- Instability in raw materials prices could impact business performance, as raw Materials costs constitute a significant percentage of our Company’s total expenses.
- The company operates its business in a labour-intensive industry. Any challenges arising from labour could hamper business growth.
Swot Analysis for Excellent Wires And Packaging IPO
Strengths
Weaknesses
Opportunities
Threats
Company 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: [email protected]
Website: https://www.excellentwiresandpackaging.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of Excellent Wires and Packaging IPO are:
- Acquisition of Land and construction of Building.
- Acquisition of Plant & Machineries.
- Funding additional Working capital requirements.
- General Corporate Purposes.
- Inventure Merchant Bankers Services Pvt Ltd.
is the book-running lead managers for the Excellent Wires and Packaging IPO.