The Excellent Wires and Packaging IPO is set to open on September 11, 2024, and will close on September 13, 2024. This offering comes at a fixed price, with the company seeking to raise approximately ₹12.60 crores through a fresh issue of ₹12.60 crores and an offer for sale of [.] equity shares, each carrying a face value of ₹10.
The price for the IPO is set at ₹90 per share. Retail investors are allocated 50% of the offering, with the remaining 50% divided equally between Qualified Institutional Buyers (QIBs) and High Net-Worth Individuals (HNIs). The listing is expected on the NSE on September 18, 2024, following the allotment date of September 16, 2024.
In terms of financial performance, the company posted a revenue of ₹15.41 crores in 2024, up from ₹14.48 crores in 2023. It also reported a profit of ₹0.83 crores in 2024, marking a significant recovery from a loss of ₹0.10 crores in the prior year. Given these financial results, this IPO could be viewed as a potential long-term investment opportunity for investors.
Objectives of the Excellent Wires and Packaging IPO:
The company plans to use the net proceeds from the fresh issue for the following purposes:
Acquisition of land and construction of new facilities
Purchase of plant and machinery
Meeting additional working capital requirements
General corporate purposes
Excellent Wires and Packaging IPO Review:
(Review to be updated soon)
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IPO Dates & Price Band Information:
| 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% |
Excellent Wires and Packaging IPO Lot Size:
The minimum lot size for the Excellent Wires and Packaging IPO is 1,600 shares, requiring an application amount of ₹144,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹ 1,44,000 |
| Retail Maximum | 1 | 1600 | ₹ 1,44,000 |
| HNI Minimum | 2 | 3200 | ₹ 2,88,000 |
Excellent Wires and Packaging IPO Timeline:
The Excellent Wires and Packaging IPO will open on September 11 and close on September 13. Allotment is expected to be finalized by September 16, with the listing anticipated on 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 Update:
The Grey Market Premium (GMP) for the Excellent Wires and Packaging SME IPO currently stands at ₹0. With the IPO price band set at ₹90, the estimated listing price remains ₹90 (cap price plus today’s GMP), suggesting no expected gain or loss per share at the time of listing.
Promoters of Excellent Wires and Packaging:
The company is led by Bhavya Vasant Shah, Rachit Paresh Masalia, and Darshil Hasmukh Shah.
About Excellent Wires and Packaging:
Excellent Wires and Packaging manufactures a wide range of wire products, including Spring Steel Wire, High Carbon Wire, Galvanized Wire (GI Wire), Round and Flat Stitching Wires, Mild Steel (M.S.) & Low Carbon Wires, H.B. & H.H.B. Wires, Annealed Wire, Brass and Copper Wires, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires, and Wire Ropes with or without PVC coating. These products are marketed under the brand name “Excellent.”
The company caters to industries such as Packaging, Engineering, Stationery, Imitation Jewelry, and Wires & Cables. Its product range is classified into Brass Wires & Products, Steel Wires & Products, and other Packaging Products.
Financial Performance of Excellent Wires and Packaging:
In 2024, the company reported revenue of ₹15.41 crores, up from ₹14.48 crores in 2023. It also posted a profit of ₹0.83 crores in 2024, compared to a loss of ₹0.10 crores in the previous year.
| Amt in Cr | ||||
| 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:
For details on the valuation of the Excellent Wires and Packaging IPO, please refer to metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV). These figures will provide a clearer understanding of the company’s financial standing and investment potential.
| 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 | 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
What is the Excellent Wires and Packaging IPO?
The Excellent Wires and Packaging IPO is a main-board offering through which the company aims to raise ₹12.60 crores. The issue is priced at ₹90 per equity share and will be listed on the NSE.
When will the Excellent Wires and Packaging IPO open for subscription?
The IPO will open on September 11, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors, and will close on September 13, 2024.
What is the allocation for investors in the Excellent Wires and Packaging IPO?
The allocation is [.]% for QIBs, 50% for NIIs, and 50% for Retail Investors.
How can I apply for the Excellent Wires and Packaging IPO?
You can apply for the IPO via ASBA through your bank account, or via UPI through your stockbroker’s platform. Offline applications can also be made through your broker by filling out a physical form.
What is the issue size of the Excellent Wires and Packaging IPO?
The issue size is ₹12.60 crores.
What is the price band for the Excellent Wires and Packaging IPO?
The price band for the IPO is set at ₹90 per share.
What is the lot size for the Excellent Wires and Packaging IPO?
The minimum bid is 1,600 shares, requiring an investment of ₹144,000.