Excellent Wires and Packaging IPO open date is September 11, 2024 and the IPO will close on September 13, 2024. Excellent Wires and Packaging is a Fixed Price Issue. The company to raise around ₹12.60 crores via IPO that comprises fresh issue of ₹12.60 crores and offer for sale up to [.] equity shares with face value of ₹10 each..
Excellent Wires and Packaging IPO price band is ₹90. The retail quota is 50%, QIB is [.]%, and HNI is 50%. Excellent Wires and Packaging IPO to list on NSE on September 18, 2024. The allotment of Excellent Wires and Packaging IPO date is September 16, 2024.
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. As per the financials the IPO investors should apply the IPO for a long term.
Excellent Wires and Packaging IPO 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 Market Lot
The Excellent Wires and Packaging IPO minimum market lot is 1600 shares with ₹144,000 application amount.
| 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 Dates
The Excellent Wires and Packaging IPO date is September 11 and the close date is September 13. The Excellent Wires and Packaging IPO allotment will be finalized on September 16 and the IPO listing 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 |
Promoters of Excellent Wires and Packaging
The promoters of the company are Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah.
About Excellent Wires and Packaging
Excellent Wires and Packaging is a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or 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 all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent.
The company caters to industries such as Packaging, Engineering, Stationery, Imitation jewelry, Wires & Cable, etc. They are selling the following broad categories of products like Brass Wires & Products, Steel Wires & Products, Other Products viz. 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. |
Objects of the Issue
- Acquisition of Land and construction of Building
- Acquisition of Plant & Machineries
- Funding additional Working capital requirements
- General Corporate Purposes
Excellent Wires and Packaging IPO Review
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Excellent Wires and Packaging IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
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: [email protected]
Website: https://www.excellentwiresandpackaging.com/
Excellent Wires and Packaging IPO FAQs
What is Excellent Wires and Packaging IPO?
Excellent Wires and Packaging IPO is a main-board IPO. The company is going to raise ₹12.60 Crores via IPO. The issue is priced at ₹90 pr equity share. The IPO is to be listed on NSE.
When Excellent Wires and Packaging IPO will open for subscription?
The IPO is to open on September 11, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 13, 2024.
What is Excellent Wires and Packaging IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
How to Apply the Excellent Wires and Packaging IPO?
You can apply for Excellent Wires and Packaging IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Excellent Wires and Packaging Issue Size?
Excellent Wires and Packaging issue size is ₹12.60 crores.
What is Excellent Wires and Packaging IPO Price Band?
Excellent Wires and Packaging IPO Price Band is ₹90.
What is Excellent Wires and Packaging IPO Lot Size?
The minimum bid is 1600 Shares with ₹144,000 amount.
What is the Excellent Wires and Packaging IPO Allotment Date?
Excellent Wires and Packaging IPO allotment date is September 16, 2024.
What is the Excellent Wires and Packaging IPO Listing Date?
Excellent Wires and Packaging IPO listing date is September 19, 2024. The IPO is to list on NSE.