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Excellent Wires and Packaging IPO

  • Status: Closed
  • RHP:
  • ₹ 144,000 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    11 Sep 2024

  • Close Date

    13 Sep 2024

  • IPO Price Range

    ₹ 90

  • IPO Size

    ₹ 12.60 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    18 Sep 2024

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IPO Timeline

Excellent Wires and Packaging IPO Subscription Status

Last Updated: 13th September 2024, 06:35 PM by 5paisa

Excellent Wires and Packaging IPO is set to open on 11 September 2024 and will close on 13 September 2024. The company produces an extensive variety of wires and wire ropes.

The IPO includes a fresh issue of  14 lakh shares aggregating up to ₹12.60 Cr and it does not include an offer for sale. The price is fixed at ₹90 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalised on 16 September 2024. It will go public on NSE SME, with a tentative listing date of 19 September 2024.

Inventure Merchant Banker Services Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar. 

Excellent Wires IPO Size

Types Size (₹Cr)
Total IPO Size 12.60
Offer for Sale -
Fresh Issue 12.60

 

Excellent Wires IPO Lot Size

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 IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
NII (HNI) 8.75 6,64,000 58,11,200 52.30
Retail 32.00 6,64,000 2,12,44,800 191.20
Total 20.37 13,28,000 2,70,56,000 243.50

 

1. Working Capital Requirements.
2. General Corporate Purposes.
3. Acquisition of Land and construction of Building and Plant & Machineries
 

Excellent Wires and Packaging Limited, established in March 2021, produces a diverse range of wires and wire ropes under the Excellent brand. Their product lineup includes brass and steel wires, as well as packaging products. These items are used across various industries including packaging, engineering, stationery, imitation jewelry and cables. The company holds an ISO 9001:2015 certification, which ensures they adhere to high-quality management standards. As of July 2024, Excellent Wires and Packaging Limited employs 18 people.

Peers

● Bedmutha Industries Ltd.
● Kei Industries Ltd.
● Rajratan Global Wire Ltd.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 15.41 14.48 7.29
EBITDA 1.46  0.42  0.17
PAT 0.83 0.10 0.05
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 7.05 3.25 2.43
Share Capital 0.35  0.02 0.02
Total Borrowings 2.24 2.25 1.09
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 0.0079 0.34 0.21
Net Cash Generated From / (used in) investing activities -2.02 -0.05 -0.14
Net Cash Generated From / (used in) financing activities 2.61 -0.14 -0.08
Net Increase (Decrease) In Cash And Cash Equivalents 0.60 0.14 -0.01


Strengths


1. Skilled leadership and management team with significant industry knowledge.
2. Strong reputation and solid relationships with customers.
3. Wide and varied product portfolio.
4. Commitment to continuously improving operational efficiency.
 

Risks

1. The company plans to use part of net proceeds to set up a new manufacturing facility at Wada, but delays or issues in this project could impact business growth and future plans.

2. Successfully implementing companies growth strategy, including choosing the right location for new facility is crucial failure to do so could impact its operations and financial health.

3. The company rely on purchase orders rather than long-term contracts with customers, so losing any customers could negatively affect revenue and profits.

4. Raw material costs are a major part of the companies’s expenses and can be volatile, price increases or fluctuations could impact business and financial performance.

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FAQs

Excellent Wires and Packaging IPO opens from 11th September to 13th September 2024.

The size of the Excellent Wires and Packaging IPO is ₹12.60 Cr.

The price band of Excellent Wires and Packaging IPO is fixed at ₹90 per share. 

To apply for Excellent Wires and Packaging IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Excellent Wires and Packaging IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Excellent Wires and Packaging IPO is 1600 shares and the investment required is ₹1,44,000.
 

The share allotment date of Excellent Wires and Packaging IPO is 16th September 2024

The Excellent Wires and Packaging IPO will be listed on 19th September 2024.

Inventure Merchant Banker Services Pvt Ltd is the book-running lead manager for Excellent Wires and Packaging IPO.
 

Excellent Wires and Packaging plans to utilise the raised capital from the IPO for:

1. Working Capital Requirements.
2. General Corporate Purposes.
3. Acquisition of Land and construction of Building and Plant & Machineries