Excellent Wires and Packaging Limited IPO Overview
The IPO is a fixed-price issue of ₹12.60 crores, consisting of a fresh issue of 14 lakh shares at ₹90 per share. It opens for subscription from September 11 to September 13, 2024, with allotment expected on September 16, 2024, and a tentative listing date on the NSE SME of September 19, 2024. The minimum investment for retail investors is ₹144,000 for 1,600 shares, while HNIs need to invest in at least 2 lots (3,200 shares) for ₹288,000.
Inventure Merchant Banker Services Pvt Ltd is the lead manager for the IPO, Bigshare Services Pvt Ltd is the registrar, and Inventure Growth & Securities serves as the market maker. For more detailed information, refer to the Excellent Wires and Packaging IPO RHP.
Excellent Wires and Packaging Limited IPO Important dates
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 |
| The 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 |
Excellent Wires and Packaging Limited Financial Performance
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹7.05 crore | ₹3.25 crore | ₹2.43 crore |
| Revenue | ₹15.41 crore | ₹14.48 crore | ₹7.29 crore |
| Profit After Tax (PAT) | ₹0.83 crore | ₹0.10 crore | ₹0.05 crore |
| Net Worth | ₹3.97 crore | ₹0.17 crore | ₹0.07 crore |
| Reserves and Surplus | ₹3.62 crore | ₹0.15 crore | ₹0.05 crore |
Excellent Wires and Packaging Limited IPO Key Performance Indicator
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 |
Excellent Wires and Packaging Limited IPO Objectives
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Acquisition of Land and construction of Building
- Acquisition of Plant & Machineries
- Funding additional Working capital requirements; and
- General Corporate Purposes
Excellent Wires and Packaging Limited IPO Lot Size
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 |
Excellent Wires and Packaging Limited IPO Details
| IPO Date | September 11, 2024 to September 13, 2024 |
| Listing Date | [September 19, 2024] |
| 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 |
| Shareholding pre-issue | 3,070,000 |
| Shareholding post issue | 4,470,000 |
| Market Maker portion | 72,000 shares |
Excellent Wires and Packaging Limited Company Overview and Services
Excellent Wires and Packaging Limited Overview: Incorporated in March 2021, Excellent Wires and Packaging Limited specializes in manufacturing a wide range of wires and wire ropes under the “Excellent” brand. Their product line includes Spring Steel Wire, High Carbon Wire, Galvanized Wire (GI Wire), and more, serving various applications across multiple industries.
Product Categories:
- Brass Wires & Products
- Steel Wires & Products
- Packaging Products
The company supplies its products to diverse sectors, including packaging, engineering, stationery, imitation jewelry, and wires & cables. Excellent Wires and Packaging Limited is ISO 9001:2015 certified, reflecting its commitment to effective quality management. As of July 2024, the company has a workforce of 18 employees across different departments.
Excellent Wires and Packaging Limited IPO SWOT Analysis
Strengths:
- Established Market Presence: The company has a proven track record in the wires and packaging industry, which may attract investors looking for established businesses.
- Diverse Product Portfolio: Offers a range of products, from electrical wires to various packaging materials, which helps in catering to a wider customer base and reduces dependency on a single market segment.
- Strong Customer Relationships: The company has built strong relationships with its customers, potentially leading to repeat business and long-term contracts.
- Experienced Management Team: Led by a skilled management team with experience in the industry, which could drive growth and ensure strategic execution.
Weaknesses:
- Limited Market Reach: The company may have limited geographic reach, affecting its ability to scale quickly in new markets.
- Dependence on Key Clients: A significant portion of revenue might come from a few major clients, making it vulnerable to changes in their demand or contracts.
- High Operational Costs: The company may face high operational costs due to raw material prices, manufacturing expenses, and logistics, which can impact profitability.
- Capital Intensity: Operating in a capital-intensive industry may strain cash flow and limit flexibility in managing financial resources.
Opportunities:
- Expansion into New Markets: There is potential for growth by expanding into new geographic regions or international markets.
- Product Innovation: Introducing new products or innovative solutions could differentiate the company from competitors and attract new customers.
- Growing Demand for Sustainable Packaging: Rising demand for eco-friendly and sustainable packaging solutions presents an opportunity for growth in this segment.
- Government Initiatives: Favorable government policies, such as the “Make in India” initiative, could provide growth opportunities and incentives for local manufacturing.
Threats:
- Intense Competition: The wires and packaging sectors are highly competitive, with numerous established players, which could limit market share growth.
- Fluctuating Raw Material Prices: Changes in the cost of raw materials, such as copper or packaging materials, could affect profit margins.
- Economic Slowdowns: Economic downturns or market volatility could reduce demand for the company’s products, affecting revenue and growth prospects.
- Regulatory Changes: Changes in regulations, particularly those related to environmental standards or labor laws, could increase operational costs or require changes in production processes.
Excellent Wires and Packaging Limited IPO GMP Details
Excellent Wires and Packaging SME IPO last GMP is ₹0, last updated Sep 10th, 2024. With the price band of 90.00, Excellent Wires and Packaging SME IPO’s estimated listing price is ₹90 (cap price + today’s GMP). The expected percentage gain/loss per share is 0.00%. Stay with us to know the daily price trend of Excellent Wires and Packaging SME IPO GMP with an expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 10-09-2024 | 90.00 | ₹0  |
— | ₹90 (0%) | 10-Sep-2024 |
| 09-09-2024 | 90.00 | ₹0 |
— | ₹90 (0%) | 9-Sep-2024 |
| 08-09-2024 | 90.00 | ₹0 |
— | ₹90 (0%) | 8-Sep-2024 |
| 07-09-2024 | 90.00 | ₹0 |
— | ₹90 (0%) | 7-Sep-2024 |
| 06-09-2024 | 90.00 | ₹0 |
— | ₹90 (0%) | 6-Sep-2024 |
| 05-09-2024 | 90.00 | ₹0 |
— | ₹90 (0%) | 5-Sep-2024 |
Excellent Wires and Packaging Limited IPO subscription status
Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Excellent Wires and Packaging Limited IPO Allotment status
The allotment status of Excellent Wires and Packaging IPO is expected to be available on September 16, 2024.
Excellent Wires and Packaging IPO allotment status is not available at this time. Excellent Wires and Packaging IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Excellent Wires and Packaging Limited IPO allotment status.
To check the Excellent Wires and Packaging IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number, or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.
Excellent Wires and Packaging Limited Contact 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: info@excellentwiresandpackaging.com
Website: https://www.excellentwiresandpackaging.com/
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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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