Excellent Wires and Packaging Limited IPO
NSE SMEListed On: Sep 19, 2024 at ₹ 85.0
₹ 288000 /3200 Shares
*Min Investment
11 Sep, 2024
Open Date13 Sep, 2024
Close Date16 Sep, 2024
Allotment Date19 Sep, 2024
Listing DateExcellent Wires and Packaging IPO Issue Details
- Issue Price ₹90 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 14,00,000 shares(aggregating up to ₹12.6 crore)
- Fresh Share 14,00,000 shares(aggregating up to ₹12.6 crore)
- Listing at NSE SME
- List Price 85.0
- Listing Date 2024-09-19
- Lead Manager Inventure Merchant Banker Services Pvt Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following 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 | ₹1,44,000 |
| Retail(max) | 1 | 1600 | ₹1,44,000 |
| NII (min) | 2 | 3,200 | ₹2,88,000 |
Excellent Wires and Packaging IPO Reservation
Excellent Wires and Packaging IPO offers total 14,00,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,6,64,000 (47.43%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - (NA%) | |
| Market Maker Shares Offered | 72,000 (5.14%) | |
| Retail Shares Offered | 6,64,000 (47.43%) | |
| Total Shares Offered | 14,00,000 (100%) |
Excellent Wires and Packaging IPO Details
Excellent Wires and Packaging Limited IPO is an SME IPO, priced at ₹90 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 14,00,000 equity shares, aggregating up to ₹12.6 crores..
The IPO bidding window is open from Sep 11, 2024 to Sep 13, 2024. The allotment is expected to be finalized on Sep 16, 2024, and the tentative listing date is Sep 19, 2024.
The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.
Inventure Merchant Banker Services Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Inventure Growth & Securities Limited will act as the market maker for this issue.
Excellent Wires and Packaging IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 664,000 | 664,000 | 1,328,000 |
Day 1 11-09-24 06:00 PM | 0.30 x | 2.25 x | 1.27 x |
Day 2 12-09-24 06:00 PM | 0.78 x | 6.12 x | 3.45 x |
Day 3 13-09-24 06:00 PM | 8.86 x | 32.00 x | 20.43 x |
Excellent Wires and Packaging Valuations
Excellent Wires and Packaging Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 |
About Excellent Wires and Packaging Company
Incorporated in March 2021, Excellent Wires and Packaging Limited manufactures a broad range of wires and wire ropes under the brand name Excellent including different varieties such as Spring Steel Wire, High Carbon Wire, Galvanised Wire (GI Wire) and other variants for use in various applications.
The Company products can be categorized into the following:
Brass Wires & Products
Steel Wires & Products
Other Products viz. Packaging Products
The products are sold to several industries including Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc.
The company has achieved ISO 9001:2015 Certification that is a world class standard to ensure the effectiveness of quality management.
The number of employees at July 2024 is 18 working in various departments.
Excellent Wires and Packaging - Promoter(s)
Bhavya Vasant Shah
Rachit Paresh Masalia
Darshil Hasmukh Shah
Pre Issue Share Holding : 91.90%
Post Issue Share Holding : 63.12%
Excellent Wires and Packaging IPO - Issue Objectives
Acquisition of Land and construction of Building
Acquisition of Plant & Machineries
Funding additional Working capital requirements
General Corporate Purposes
Excellent Wires and Packaging IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Excellent Wires and Packaging Limited | 3.32 | 3.32 | 15.9 | 27.11 | 20.9 | 6 | Consolidated |
| Bedmutha Industries Ltd. | 6.28 | 6.28 | 37.38 | 36.59 | 16.34 | 6.19 | Standalone |
| Kei Industries Ltd. | 64.41 | 64.41 | 348.88 | 72.98 | 18.46 | 13.51 | Standalone |
| Rajratan Global Wire Ltd. | 11 | 11 | 69.35 | 54.37 | 15.87 | 8.67 | Standalone |
Notes:
- Data for peer group companies is sourced from the Annual Report / published financial statement based on standalone financials for FY 2024.
- RONW/ROE is taken from BSE and NAV is computed by dividing CMP by PB ratio available on BSE.
- The P/E Ratio is computed by dividing the CMP by the EPS available in published financials.
- Excellent financials are based on March 31, 2024
Contact Details
Excellent Wires and Packaging
Gala No. 1, Jyoti Industrial Estate, Vevoor Village, Ganesh Nagar, Palghar - E, Thane, Palghar-401404
+91 98202 85767
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Excellent Wires and Packaging IPO - FAQs
Ans. Excellent Wires and Packaging Limited IPO is a SME IPO. The issue is priced at ₹90 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Sep 11, 2024, and closes on Sep 13, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Excellent Wires and Packaging Limited IPO opens on Sep 11, 2024 and closes on Sep 13, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Excellent Wires and Packaging Limited IPO is 1,400,000 shares(aggregating up to ₹12.60 Cr).
Ans. The Excellent Wires and Packaging Limited IPO price band is set between ₹90 per equity share.
Ans. To apply for Excellent Wires and Packaging Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Excellent Wires and Packaging Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Excellent Wires and Packaging Limited IPO is Sep 16, 2024.
Ans. The Excellent Wires and Packaging Limited IPO will be listed on Sep 19, 2024.
Ans. Follow the steps to check the Excellent Wires and Packaging Limited IPO allotment status online.
