Excellent Wires and Packaging Limited IPO

NiftyTrader • September 11, 2024

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Excellent Wires and Packaging Limited IPO

Excellent Wires and Packaging Limited IPO opens on September 11, 2024, and closes on September 13, 2024. The allotment for the Excellent Wires and Packaging Limited IPO is anticipated to be completed on Monday, September 16, 2024. The IPO will be tentatively listed on the NSE and SME on Wednesday, September 18, 2024.

Excellent Wires and Packaging Limited IPO’s price band is Rs 90 per share. The IPO is a book-built issue of Rs Rs 12.60 crores. The issue is entirely a fresh issue of 14 lakh shares.

Excellent Wires and Packaging IPO Details

IPO Date	September 11, 2024 to September 13, 2024
Listing Date	[.]
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 IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹144,000
Retail (Max)	1	1600	₹144,000
S-HNI (Min)	2	3200	₹288,000

Excellent Wires and Packaging 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; and

About Excellent Wires and Packaging Limited

Incorporated in March 2021, Excellent Wires and Packaging Limited, operating under the “Excellent” brand, produces a diverse array of wires and wire ropes including Spring Steel Wire, High Carbon Wire, and Galvanised Wire for various applications. Their product range is divided into Brass Wires & Products, Steel Wires & Products, and Packaging Products. Serving industries such as Packaging, Engineering, Stationery, Imitation Jewelry, and Wires & Cables, the company holds ISO 9001:2015 certification for quality management. As of July 2024, Excellent Wires and Packaging Limited employs 18 staff members.

Excellent Wires and Packaging Limited Financial Information

Excellent Wires and Packaging Limited’s revenue increased by 6% and profit after tax (PAT) rose by 696% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
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
Net Worth	397.09	17.11	6.68
Reserves and Surplus	362.09	15.11	4.68
			Amount in ₹ Lakhs

Excellent Wires and Packaging IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Excellent Wires and Packaging IPO Timeline

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
A credit of Shares to Demat	Tuesday, September 17, 2024
Listing Date	Wednesday, September 18, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 13, 2024